Tuesday, June 27, 2006

Graduates Told To Join Franchise Business

The Government wants graduates to consider franchise business as a career and help to reduce unemployment. Cooperative and Entrepreneur Development Minister, Datuk Seri Mohamed Khaled Nordin, said that the franchise business was the best alternative for them as it required minimum efforts in product development.

He said the business including brand management and promotions had been strengthened by the franchisor. "The franchise system is already a tested business scheme and it gives opportunity for Bumiputera entrepreneurs, particularly graduates, to move ahead quickly," he said when launching the Perbadanan Nasional Berhad's (PNS) Franchise Service Centre here Monday.

Mohamed Khaled also said PNS offered training programmes and integrated schemes to assist franchise entrepreneurs to start their businesses including providing credit facilities. "Those who want to venture into this business still need specific training to understand the trade as well as laws governing the business activities," he said.

Among the PNS-initiated programmes are the Graduate Franchise Programme and Franchising Programme for Women to create quality Bumiputera entrepreneurs. "I was informed that a total of 56 trainees under both programmes have finished their training and at initial stages of starting their venture nationwide in four sectors," he added.

The sectors are laundry services, telecommunications accessories, fast food and pre-school services.The Franchise Service Centre started its operations last month at the Putra World Trade Centre and functions as a one-stop centre to support would-be franchise entrepreneurs.-- BERNAMA

**** With this scheme, at least hopefully the thousands of unemployed graduates will not wallow in self-pity but be self-employed instead. After all with hard work and determination the franchise business is probably one of the safest bets for these types. Blindly getting into some course or another in university is one thing, but letting it get you down and not do anything about it is another. Kudos to the government on this scheme.


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