The Entrepreneurship Centre this morning held the 2nd Breakfast meeting of the Entrepreneurship and Business Network. This is a network that is intended to foster the development of Entrepreneurs by bringing practicing entrepreneurs together discussing challenges that they face and learning from one another.
The network which consists of business people of different interests developed from an earlier that had been funded by the Dutch government. Speaking at the Breakfast meeting, Prof. Balunywa told the entrepreneurs that they should not worry when a business fails, because it is high cost producers who cannot make profits that fail. And when they fail, low cost producers fill the gap and give the customer a better price product. Entrepreneurship is crucial to job creation and employment