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| Sunday, 30 June 2002 |
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| News Business Features Editorial
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Young Southern entrepreneurs felicitated Ten young Southern entrepreneurs were felicitated for their commitment and dedication at the first heat of the Shell LiveWIRE Regional "Young Business Star-up Awards' (YBSA) held in Hambantota recently. The event organised in collaboration with LiveWIRE's regional partner, the Hambantota District Chamber of Commerce (HDCC), was a great success with nearly 100 persons in attendance. H.W. Hemantha Kumara Priyadarshi, proprietor of Thushara Printers in Middeniya, along with Karunasena Amaraweera Pathirana, owner of 'Pathum Renters and Caterers' in Tangalle were chosen as finalists for the National LiveWIRE awards scheduled to be held in August. They beat eight others to make it to the national finals. Both said they were looking forward to competing with young entrepreneurs from other parts of the island. Shell LiveWIRE Trust, a community investment initiative of Shell Sri Lanka, aimed at encouraging youth entrepreneurship in the island is conducting the third Shell LiveWIRE Young Business start-up Awards 2002 at the Galadari Hotel. The awards program target young people in business. Asmil Thassim, Director General of the HDCC said 'I am pleased that the first LiveWIRE regional awards are being held in Hambantota, as Hambantota is one of the areas that was surveyed during the feasibility study for the LiveWIRE program in Sri Lanka. Tilar Nadugala, President of the HDCC spoke on how important it was to have competitive events such as the LiveWIRE Awards in a district such as Hambantota which is plagued by high unemployment. 'Today we visited the stalls of some of the finalists and saw that among them, there are several qualified degree holders; this is very promising in the light of the large number of unemployed graduates in our district", he added. Mr. Nadugala continued to say that young entrepreneurs should make use of organisations such as Shell LiveWIRE and the District Chamber of Commerce in order to develop their entrepreneurial skills and knowledge. LiveWIRE's project Director Steven Bartholomeusz said that by participating in competitions such as the LiveWIRE Young Business Start-up Awards, young entrepreneurs would become more adept at facing a market that became increasingly competitive. The regional competitions will enable more regional presentation and also provide more opportunities for regional start-up businesses to compete in this competition. The regions are grouped based on the provinces and encompass all nine provinces in the country. The regional finalists were allocated points based on the soundness of their business plan, and a face-to-face interview with three judges on an individual-basis. The business plans included a summary of the business, an analysis of the market the business has entered, a marketing plan, details of costing and pricing, a cash flow statement and a profit and loss account. |
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