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Young Mainland Entrepreneurs Find Success in After-hours Study

With many start-ups failing within three years of launching, business studies are now a priority for fledgling managers.

Photo: Business training: The key to success for young entrepreneurs. (Shutterstock.com)
Business training: The key to success for young entrepreneurs.
Photo: Business training: The key to success for young entrepreneurs. (Shutterstock.com)
Business training: The key to success for young entrepreneurs.

The number of mainland business start-ups, especially with regard to medium-, small- and micro-sized enterprises, has grown dramatically over recent years. Primarily, this is being driven by young entrepreneurs, with many of them drawn from the post-80s, post-90s and even the post-95 generations. In the early stages, many of these businesses face a wide range of challenges, including development uncertainties, management inexperience and cash flow issues. In light of this, it is unsurprising that many such businesses close within three years of their launch.

In order to tackle this problem, many young entrepreneurs have turned to business training courses, high-level, yet low-cost, sessions available during leisure time. These courses are typically led by experienced business professionals, although the costs to companies and individuals are designed to be kept to a minimum.

Despite the success of such initiatives, participating businesses have typically had to contend with two particular problems. Firstly, there is the requirement for accommodation costs to be met in the case of individuals who are based far from the training centres. Secondly, there is the grueling nature of this additional study, given that it is typically undertaken after-hours and in addition to existing workloads.

Given the importance of such additional businesses studies, however, a number of support services have evolved to help those young entrepreneurs keen to enhance their operational knowledge. Most directly, several apps are now available that can help young business people keep track of the available training options, most notably via Dianping, the highly-popular review website. In terms of maintaining stamina and concentration, dedicated meal delivery services are also now available to help these after-hours business students make the best use of their time.

Given the city's renown in the business sector, there is seen as considerable scope for Hong Kong companies to help meet the training needs of their mainland counterparts. Overall, there is a clear interest among China's aspiring entrepreneurs to learn the requisite business skills from Hong Kong training establishments.

Joanne Liu, Qingdao Office

Content provided by Picture: HKTDC Research
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