Mentorship, not lone geniuses, fuels entrepreneurial success, say experts

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LAHORE: Entrepreneurship is not in isolation but in solid networks, where successful founders have supported people with the risk of capital, guidance and honest opinion, experts say.

Although individual achievements are often celebrated as a stroke of Genius, economists are rapidly agreeing that business personality is rarely a solo effort. He says the romantic image of the lonely extraordinary entrepreneur is largely a fiction.

“Entrepreneurship pushes innovation, economic growth and job creation,” says Syed Nabil Hashmi, a pioneer in Pakistan’s auto sector. “But it cannot be nurtured only by government schemes. The real pace is achieved by co-operative guidance-when established businessmen actively support guardians and newcomers.”

Hashmi highlighted that governments around the world have struggled to create a copy of the Silicon Valley despite significant investment. “Malaysia spent 150 million Million in an attempt to build a bioali, but only a handful of biotech firms came out. Moscow invested $ 2 billion in very few incubators.

He regretted that some successful Pakistani startups return. “There is no real environmental system here. Graduate startups rarely patronize the next generation. We need an organization to connect emerging traders with teachers and investors. The journey of success is to shatter losses – experienced founders can help others avoid them.”

Textile entrepreneur MI Khurram has emphasized that business networks do not start with infrastructure or government privileges, nor do they emerge. “In their early stages, some important founders have to be helped. Then, they have to guide others by actively spreading business sentiment by investing in others.”

Khorum added that while his patronage is very important, the long -term success depends on the ability and innovation. “When successful business people cooperate in companies and industries, it benefits the ecosystem. Global research confirms that only a few high -profile businessmen can give rise to a blow.” He notes that successful founders have collected three essential forms of capital-financial, human and social-after which new institutions can be re-invested. “Similarly, the business culture remains intact: every generation affects the next.”

Ms Syed Syed, a aviation businessman, agrees that business does not spread by coincidence. It should be actively cultivated. “Even the best ideas fail without proper guidance. Experienced entrepreneurs help newcomers identify weaknesses in their strategies, business models, team structures and marketing projects.”

Syed warns that the initial success is just the beginning. “Skylling is the most treacherous phase. Young founders need patronage to visit this journey. Research shows that in promoted environmental systems, successful businessmen do not end after IPO or exit. They are involved in it and help guide the next wave.” He added that where patronage is offered in cultures, young businessmen are offered their help. “Sadly, Pakistan lacks a culture of mutual cooperation – that’s why we have created very few true traders.”

Pulling its contradiction with India, he says: “The first Pakistani tech firm to list Nice Deck has left no heritage. Meanwhile, India’s Infos not only made waves in the Silicon Valley but also impressed a whole generation of tech businessmen.”