The national body for micro, small and medium enterprises (MSMEs) Darussalam Enterprise (DARe) is rolling out a new training programme specifically for youth running or looking to start a micro business – defined as enterprises with four employees or less.
The micro business boot camp – open to Bruneians and permanent residents – will take participants through a rundown of what the fundamentals are in starting, running and growing micro business by business coaches.
There are no fees, however applicants will go through a round of shortlisting after attending a one-day ideation workshop, where their ideas will be pitched and assessed.
Once selected, the micro business will undergo a two-week entrepreneurship course, to equip them with business know-how as well as a one-week physical boot camp – designed to instil grit, determination and the ability to follow through.
After the three week period, businesses will be monitored for another six months by their business coaches, during which they will be guided to produce a comprehensive business plan which will allow them to strategically navigate their operations as well as open up opportunities for financing; through grants and loans.