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Let Go for GOLD, The YES way-Uganda

Erasmus for young entrepreneurs
next deadline: 2008-08-20

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"Erasmus for young entrepreneurs" aims to support projects allowing up-and-coming EU entrepreneurs to learn in an experienced entrepreneur's company in another EU Member State. The purpose is to facilitate exchange of experiences and networking.

The objective of the action is to contribute to enhancing entrepreneurship, internationalisation and competitiveness of newly established micro, small and medium-sized enterprises and potential new start-up entrepreneurs in the EU. The activity targets people intending to set up a business and, to a lesser extent, recently established entrepreneurs.

The specific aims are:

exchange of experience and information among entrepreneurs with regard to obstacles and challenges in the creation and development of their businesses; training of up-and-coming entrepreneurs allowing them to successfully start and develop their new business ideas; market access and identification of potential partners for new businesses in other EU countries; inter-cultural learning by developing knowledge and experience of other European countries. The call comprises two lots with two different types of activity: Lot 1: European partnerships enhancing the mobility of up-and-coming entrepreneurs. Lot 2: Coordination, support and networking at European level linked to the action mentioned in lot 1. The expected outputs of the pilot project are: support of a limited number of European partnerships implementation of the mobility of around 870 up-and-coming entrepreneurs to a host entrepreneur in another EU Member State creation of new businesses and spin-off companies development of a network of new entrepreneurs and intermediary organisations Eligible applicants: Any public entity or private body can participate in this call for proposals. This may include entities or bodies active in the field of entrepreneurship promotion or in the field of transnational placement services, in particular: chambers of commerce and industry, chambers of handicrafts or similar bodies, business support organisations and start-up centres, business associations and business support networks, public entities offering business support services, education and training providers (public, private, sectoral etc.) active in the field of business support, training placement organisations. Applicants must be established in an EU Member State. EFTA/EEA countries (Iceland, Liechtenstein, Norway and Switserland) or candidate countries (Croatia, Former Yugoslavian Republic of Macedonia, Turkey) are admitted to participate as project partners. Budget and project duration: The total budget earmarked for the cofinancing of projects amounts to EUR 2 850 000. Financial assistance from the Commission cannot exceed 90 % of the total eligible costs. Lot 1: No grant will amount to more than EUR 140 000. The maximum duration of projects is 18 months. Lot 2: The maximum grant will be EUR 200 000. The maximum duration of the project is 22 months. Activities of lot 1 and lot 2 must start before 31 December 2008. Deadline: 20 August 2008. > Key documents ERASMUS for young entrepreneurs (ACTION ENT/ERA/08/311 ) internet: http://ec.europa.eu/enterprise/funding/files/themes_2008/calls_prop.htm AIESEC Uganda Ram Hadji Abubakar Muhammad +256714791499

Business Plans!

Hello Y.E.S Participants!

Just to say, lets get these business plans out of the way such that we can get back to having our fun the Y.E.S way.

All the best!

Moses

"How to become poor"

Hullo Y.E.S Participants!

Today was such a wonderful day...for the first time i felt inspired and compelled to do something smart and new...henceforth my next major social business project will be to write a book on how to become poor.

Wanna join me...just leave a comment on this thread...

Looking forward to working with you all on this project!

All the best!

Moses

Manage your personal finance-By Denis Lindo

If we manage our personal finances then we won’t have corruption because we wont spend what we do not have!!!!
Reflection Questions!!!
How much money do you have now?
How much money do you expect to get today tomorrow or next month?
How do I grow it for the next 2-6 months, 1 year, 3 years or 10 years?
Every one has a beginning point!!!
The beginning point is the amount of cash you have……
It could be 100k, 200k, 300k 1,000,000k… or Zero shillings...
It can be cash at bank, cash at hand or under the pillow.
The onus is that we add onto whatever we have and the reason why we should add on is that our potential is unlimited, inexaustable, in the infinity. Whatever we have is smaller than our potential.Our mind has never got full despite studying from kindergarten to having our first degree to a PhD!!!!
Your potential is as big as your dream….
Dream=Current cash position + our collectables + dreams.
How do we start earning?
Dream Big
Value your dreams= let your dreams consist of monetary estimates
Communicate your dream to your target audience/ customer-Make sure you win the deal.Work on the deal to become mature.
Deliver work as per specifications (Quality, quantity, size, taste, etc) - Deadlines.
Ways to get money?
Picking money- how many times have you picked money?
Donations-It has donor fatigue.
Stealing-Do not even think about it!!!!
Working for the money or making money work for us. Start a business because It’s the way to go!!
The Art of debt Collection
-Issue out invoices
-Do remind and make it your habit
- Do make follow ups
-COLLECT WHAT IS YOURS!

Now when you have money (inflows)
How do you manage inflow or cash in
Avoid excitement
Work on budget

You may consider giving a TITHE on your cash to church because there is an almight God who protect us so that cockroaches’ do not crawl into our open nose at night when we are asleep.
You MUST SAVE a portion of your income before you spend.
Our Money goes into expenditures like school fees, rent, utilities, membership and subscriptions, personal grooming, bad practice etc

How to Grow your saved Money-The investment markets
Capital Markets
Most important for investment considerations
A market of shares and bonds and;
Long term and high yielding; relatively risky
Money markets
Low returns, less influential to investors
A market of treasury bills, fixed deposits; and
Short term and low returns; relatively safe
Property market
Long term and high yielding
But very illiquid and lump.
Start a business
Money cannot buy you happiness nor can it buy love as sang by the bettles
Saving will help
Have a good life after retirement
Investment opportunities
Livelihood of dependants
Bread winner becomes unemployed
Bread winner passes away


Money cannot buy happiness nor can it buy love as sang by the Beatles during the 1960s. But money certainly can help people enjoy a lively, dynamic retirement. The issue is not accumulating wealth for its own sake, but rather having access to the financial resources needed to be able to enjoy whatever particular activities and lifestyle people select for themselves.

Denis Lindo is the CEO of Small& Medium Enterprise Development Agency (SMEDA)
Contacts: Plot No 5 princess avenue Nakasero, P.O.BOX 8354 Kampala Uganda
Tel 031 2 287 283
Posted by Julius

Words to get out of your Vocabulary

The most selfish one letter word "I"-avoid it.
The most satisfying two letter word "WE"-use it.
The most poisonous three letter word "EGO"-kill it.
The most used four letter word "LOVE"-value it.
The most pleasing five letter word "SMILE"-keep it,
The fastest spreading six letter word "ROMOUR"-iginore it.
The hardest working seven letter word "SUCCESS"-achieve it.
The most avaible eight letter word "JEALOUSY"-distance it.
The most powerful nine letter word "KNOWLEDGE"-acquire it.
The most essential ten letter word "CONFIDENCE"-trust it.

By Kusiima David-YES participant

The YES way

Hullo all!

Come on people, take the lead from Ram and make this blog to rock!
I must i am learning everyday and enjoying being with you guys.
Lets rock the world!
Remember we started this blog so that we all can:
"Connect, Learn, Live a Legacy"

Moses

Make Moment memorable.The YES way

On Father's Day I'll wander down memory lane and I'll smile knowing my dad, at 60 years of age, is doing likewise.

With many miles between us at times, I'm seldom with Dad on Father's Day and this year was no different. Sure, we'll have a cheerful chat on the phone and he will thank me for his card and gift. Nonetheless, we won't feel cheated by the status of a calendar-for we have oodles of memories to sustain us.

For us, Father's Day is whenever we are fortunate enough to be together. It's not as often as I'd like, but when it happens we have extended visits-not just a few days. Recently I went home and spent an entire month with Dad; each and every day was a joyful celebration! That equals 20 years worth of Father's Days rolled into one get-together-it doesn't get any better than that.

Our month of memory making took us down pathways abundant with twists, turns, and even a few detours. One afternoon we bounced at a friends and straight we went back home

"Ram," Dad said, "don't you think we should bake chapati’s?"

In translation, that meant Ram would you bake chapati’s? His sweet tooth had been deprived of dessert for at least three days-mercy!

"Sure! You just relax while I mix up a batch."

I'd barely begun when I heard when the friend whom we bounced earlier came knocking.. Salaam Aleikum

I soon popped the Chapati’s into the pan. "Dad, how long's it been since you've had icing on your chapatis?"

His eyes twinkled at the thought. "Way too long!"

While I fried the Chapati’s, Dad rode sidekick with Da Guest through the Their old days. At the next commercial, he dismounted and sauntered into the kitchen to clean out the icing bowl, while I expected to hear the clatter of spurs against the kitchen floor.

"What kind of icing is this? I know it's mixed salads but it tastes a little different than usual."

"Dad, it's salad mocha. the TZ style I know Mom made it from time to time."

"Well, if she did, I sure don't remember it!" He left not one smidgen of icing and nearly scraped the finish right off the bowl.

Still smacking his lips, he yanked a recipe card out of a drawer and scribbled down detailed instructions for making salad mocha icing.

Baking chapati’s and icing them for Da Guest's sidekick will most definitely dance through my mind on Father's Day? Still, if I were able to spend the actual occasion with Dad, I know exactly how we'd observe his special day.? That Day made me realize that we might not think about making the best out of moments, to you all

Make you moment your because tomorrow they will stick in your memories

Take care (YES Guys make moments the best)

Ram Abu-bakar Hadji

The YES attitude-seizing opoprtunities

THE African YES attitude, we say that an enterprising person is one who comes across a pile of scrap metal and sees the making of a wonderful sculpture. An enterprising person is one who drives through an old weak part of town and sees a new housing development. An enterprising person is one who sees opportunity in all areas of life.

To be enterprising is to keep your eyes open and your mind active. It's to be skilled enough, confident enough, creative enough and disciplined enough to seize opportunities that present themselves...the Gaetano way, regardless of the economy.

Now Say AIESEC, then a person with an enterprising attitude says, "Find out what you can before action is taken." Do your homework. Do the research. Be prepared. Be resourceful. Do all you can in preparation of what's to come?

Enterprising people always see the future in the present. Enterprising people always find a way to take advantage of a situation, not be burdened by it. And enterprising people aren't lazy. They don't wait for opportunities to come to them, they go after the opportunities. Enterprise means always finding a way to keep yourself actively working toward your ambition.

Enterprise is two things. The first is creativity. You need creativity to see what's out there and to shape it to your advantage. You need creativity to look at the world a little differently. You need creativity to take a different approach, to be different.

What goes hand-in-hand with the creativity of enterprise is the second requirement: the courage to be creative. You need courage to see things differently, courage to go against the crowd, courage to take a different approach, courage to stand alone if you have to, courage to choose activity over inactivity.

And lastly, being enterprising doesn't just relate to the ability to make money. Being enterprising also means feeling good enough about yourself, having enough self worth to want to seek advantages and opportunities that will make a difference in your future. And by doing so you will increase your confidence, your courage, your creativity and your self-worth, your enterprising nature.

So all YES participants take a brave heart and seize opportunities

One love to all the AIESECers, and those soon to be

To Your Success,

Ram Abu-bakar Hadji

Quote

"Failure is only the opportunity to begin again more intelligently". - Henry Ford

Happy Birthday Julius!

Hullo Everyone!

Many of you may have not noticed but today is Julius Magala's Birthday!

Julius, you dodged water...Shame on u...Ur a naughty baby!

Julius all the best!

Moses

The East African Business Summit 2008

Hey All Yes Gurus brace yourself for other opportunities, remember we have an @er on the OC

The East African Business Summit 2008 brings together the region’s best business minds to engage with thought leaders, practitioners & development actors.

Top executives, development practitioners and government technocrats will this July meet to deliberate on a series of topics relevant to making East Africa globally competitive.
Anchored on the findings of the Global Competitiveness Report the theme for the 2008 Summit ‘Enhancing East Africa’s Competitiveness’ will address insights into the specific barriers that the region faces. As the region’s premier executive event, the Summit also offers an opportunity for executives to network and gain valuable knowledge to support their leadership. The Summit will expose executives to the latest management thinking from some of the foremost business minds.
2008 Summit Topics & Speakers Competitiveness

2008 Summit Topics & Speakers
Competitiveness
by Prof. Michael Porter
Gaining Competitive Advantage through Business Model Innovation
by Dr. Alexander Osterwalder
Information Communications Technology to Achieve Competitive Advantage
by Dato Lee Yee-Cheong
Ten Lessons from the Future
by Neil Jacobsohn
Building Great East African Brands
by Doug de Villiers

2008 Summit Details

Dates	: 17th to 19th of July, 2008
Fees	: US$ 1,450.00
Venue	: Kampala Serena Hotel, Uganda

Official Sponsors

Stanbic Bank - Keynote Sponsor

Stanbic Bank, a member of the Standard Bank Group, offers a full range of banking, investment and lending products and services to entities from multinational corporations to individual income earners and their families. More on Stanbic Bank »»

KCB - Entertainment Event Sponsor

Our Mission is to consistently deliver quality financial products and services in the interest of all our Stakeholders, through Best Business Practice in the Dynamic Markets in which we operate. More on KCB »»

Exim Bank (T) Ltd - Souvenir Photo Folio Sponsor

Exim Bank is a locally established and privately owned commercial bank. Operations began in August 1997 as a result of the liberalization of the banking and financial sector in Tanzania. The Bank broke even within its first 5 months of operations, which is a rare occurrence in any banking sector. More on Exim Bank »»

Official Partners

Kenya Airways - Official Carrier

Kenya Airways - the pride of Africa and official carrier of the East African Business Summit, 2008. More on KQ »»

Strathmore Business School - Knowledge Partner

Strathmore Business School provides its participants a world-class learning environment, where they can share and reflect on their experiences and develop new ideas that will lead their companies into a new era. More on SBS »»

Interbrand Sampson East Africa - Branding Partner

Behind every great brand is a great idea. Brands are an important influence on our lives. They are central to commercial markets and democratic societies. More on Interbrand »»

SkyNet Worldwide Express - Official Courier

Through understanding customers various needs and in response to market changes we have become the largest independently owned express network in the world providing flexible and reliable door to door service. More on SkyNet »»

see you there

African YES-A global learning environment

The African Young Entrepreneurs program is developed to enhance Entrepreneurial traits, skills and knowledge to the participants through influential fun learning. In AIESEC we believe that in order to create a suitable for learning environment,the following elements should be in place;

1.Team experiences- Two dimensional learning i.e learning from each other. Thats why every one is a student and teacher at the same time.

2.Mentorship- Throughout the training Participants will hear and learn from successful business entrepreneurs, authors and researchers who will share their experiences and winning strategies in business.An example is Julius Apegu, a leading author and columnist with the Daily Monitor on Entrepreneurship and personal finance,who shared his story of entrepreneurship and lessons learnt (Please read his book;How to create a sustainable business and share the lessons with the rest on this blog).

3. Conferences and seminars- Through the seminars participants will learn the skills that every successful entrepreneur should have.

4.Virtual spaces- A fitting example is this blog you are reading. Its the only we can share our learning experiences with other people who are not part of the training. This blog will also be a good tool for personal reflection for all the participants of the project.

5.Learning circles-These will provide an opportunity for every one to discuss and interesting topic on entrepreneurship.

6.Personal reflections- Imagine if you take off some time in a quiet place and ask yourself questions like, what did i learn today, if you had to do something better today how best will you have done? This is a very important tool of learning because you will do a self assessment and know what you learn everyday.

These 6 elements are all incorporated in the YES Training and we believe that our participants will learn and have fun at the same time.

Welcome to African Young Entrepreneurs-Uganda

What is African YES?

Its a project that was designed by AIESEC in African to provide solutions to the unemployment challenge in African countries.

In Uganda 6,000 students graduate every year from 10 universities.Of these only Makerere University provides 3,000 graduates into the labor market.

Only 30% of the graduates get jobs every year.Of these only 20% get their right full jobs and the 80% are underemployed.

These statistics plus other reasons have inspired the implementation of the YES Project in Uganda.

The African YES Project has been implemented twice and as i write now trainings are on for the third round of the Project.

The objectives o f the project are;

• To develop young entrepreneurs through skills enhancement, theoretical and practical training.

• To change the altitude of university students towards entrepreneurship and enterprise creation

• To Boost SME start ups by university students and graduates from universities.

• To Provide a network of contacts, people, institutions, organizations that can provide support to the young entrepreneurs to take further action steps to implement their business ideas.

• To provide a platform and open space where young people discuss and share around entrepreneurial ideas and also acting as a courage incubator where young people can find motivation and passion to pursue for their dreams and plans for the future.

The project will run for six weeks and at the end participants will come up with business plans.The best business plan will be rewarded a cash prize which will help them implement their business idea.The cash prize is sponsored by Federation for Enterprise development.