Getting Ahead in Pakistan…or Anywhere

Ibrahim Qureshi is one of many entrepreneurs coming to the Presidential Summit on Entrepreneurship April 26-27, 2010, from countries with sizeable Muslim populations. He is founder and chief executive of Raffles Ltd., the first locally assembled brand computer in Pakistan.

Jonathan Ortmans is president of the Public Forum Institute, a non-partisan organization dedicated to fostering dialogue on entrepreneurship and other issues.

Ibrahim Qureshi

Ibrahim Qureshi

Ibrahim Qureshi:
My family wanted me to join my father’s construction business. But I believed that getting a good education is important in today’s challenging business world. So after graduating from a Pakistani university, I went to Idaho State University to get a bachelor’s degree and to University of California, Los Angeles, for a master’s in business administration. The education I got in the U.S. turned me from coal to diamond. For example, I learned that many young Americans prefer to go on their own rather than rely on their parents’ position or connections as often happens in my country. So when I returned to Pakistan, I started my own company.

Today I am a successful businessman and my company, Raffles, is a leader in information technology in Pakistan. But I have faced many challenges. Initially, no major customers wanted to do business with my firm because it was unknown, and I insisted on dealing only in licensed software. But I kept pushing myself and working hard, patiently trying to convince potential customers that we offer a great value. Eventually, I succeeded.

What I have learned is that, if you have the right intentions, work toward your goal day and night, and don’t cut corners, there is no reason why you cannot reach it.

I believe that members of younger generations should think as entrepreneurs, no matter what they plan to do in life. You can start up your own small company, but whatever you do never lose confidence in yourself and your skills and try to persevere when you encounter problems. Never stop striving to excel.

If before you fall asleep you can remember one or two things you did that have made a difference, you’re on the right track.

Jonathan Ortmans:
Qureshi’s story points to an important issue in entrepreneurship: education. His education mattered in shaping his entrepreneurial path by opening up new horizons. Imagine how many more Qureshis there would be if educational programs actively introduced students to the possibilities of business creation. Unfortunately, the entrepreneurial talent of many young people around the world lays dormant.

I congratulate Qureshi’s entrepreneurial spirit and determination, and invite readers to discuss this topic and possible solutions on the Policy Dialogue on Entrepreneurship, where education was recently covered.

Diaspora Entrepreneurs: From Brain Drain to Brain Gain

[guest name="Jonathan Ortmans" biography="Guest blogger Jonathan Ortmans is president of the Public Forum Institute, a non-partisan organization dedicated to fostering dialogue on important policy issues. He leads the Policy Dialogue on Entrepreneurship, focused on public policies to promote entrepreneurship in the U.S. and around the world. In addition, he serves as a senior fellow at the Kauffman Foundation. His post originally appeared on Policy Dialogue on Entrepreneurship Blog on entrepreneurship.org by the Kauffman Foundation. "]

Jonathan Ortmans

Jonathan Ortmans


We have long argued that the American model for development assistance could improve dramatically if entrepreneurship becomes a stronger element of economic development efforts. Unfortunately, the importance of new firm creation is a concept that has yet to gain relevance in traditional development models, such as the Washington Consensus. However, there are a few actors who understand the power of entrepreneurship and have been using it to improve lives. For example, diaspora entrepreneurs are using their experience and understanding about entrepreneurship to invest in new ventures in their country of origin. These transnational entrepreneurs view a globe of porous borders.
 
Diaspora entrepreneurs for example leverage networks of fellow “diasporans” to gain knowledge about market opportunities and infrastructural gaps that they can fill (e.g. provision of telecommunication services). They have firsthand experience in working in two business environments, and are eager to tackle the hurdles of doing business in their home country using such experience. This was the case of
Patrick Awuah , a former engineer at Microsoft who recently started one of the top universities in Ghana.

This phenomenon of diaspora entrepreneurship has been receiving attention from development communities. The contributions of diaspora entrepreneurs are beyond the financial impact of remittances used for investment in the most capital-constrained countries in the world. Development experts have identified various types of diaspora capital—human, social, and financial—as a useful development resource for migrant-sending countries.

Business incubators have also been paying attention to this phenomenon. Many incubators now specialize in diasporans’ new ventures, helping turn migrant’s investment interest into actual start-ups. For example, IntEnt  has been offering services to entrepreneurial and enterprising migrants residing in the Netherlands who wish to set up a business in their country of origin (so far, Ghana, Surinam, Morocco, Turkey, Ethiopia, Afghanistan, Curacao). Social projects have also spawned around the idea of diaspora entrepreneurship. Investors without Borders  (IWB), for example, provides a lending platform where individual lenders—beginning with the Ghanaian diaspora, then branching out to include the broader community of socially responsible investors—could loan money to small- and medium-sized enterprises (SMEs) in Ghana.

Many readers of this blog are familiar with the research showing that the entrepreneur is the chief agent for innovation, job creation and economic growth. Diaspora entrepreneurs are extending that role across borders, expanding human welfare one new entrepreneurial venture at the time.