In an effort to help businesses thrive, Darussalam Enterprise (DARe) has recently launched the Brunei Mentors for Entrepreneurs Network (BMEN) to help budding entrepreneurs to be better equipped in the ever-changing business world.
The Permanent Secretary at the Ministry of Energy, Manpower and Industry (MEMI), Pg Hj Mohd Hasnan Pg Hj Ali Hassan officiated the launch and said that building up a business, whether it is at a small, medium or large scale, can be challenging but with the launch of BMEN, business owners are able to make better decisions that in return will help the country go forward.
Making a business decision is one of the key factors in any businesses, and sometimes these risk-taking decisions are the one that defines the success of the business. With the launch of BMEN, mentees are able to get advice on making the right decision for their business and in turn growing the mentees company.
“The formation of the BMEN platform is very timely as we gear towards developing MSMEs to the forefront of the economy – the vast experience of the mentors will help lower the barrier of MSMEs to get better support. BMEN can be a game changer for MSMEs as they can learn from established businesses,” said Pg Hj Mohd Hasnan.
We caught up with Muhd Hariz Syafiee Khalid, Assistant Manager at DARe to talk about the Brunei Mentors for Entrepreneur Networks.
“Right now there are more than 14 growing networks of mentors for mentees to choose from. Mentees can join the platform and choose their mentors, however since the platform is voluntary – it is up to the mentors to accept the mentees based on their own time,” said Hariz.
The mentors come from different backgrounds such as youth engagement, manufacturing and finance that the mentees are allowed to choose from. Once the mentor agrees to meet the mentee, they will start a discussion with their mentors. When both parties agree on the business path, they will start the mentorship by signing a mentorship agreement.
After the agreement, the mentor will assess the mentee through a two-way feedback with a mid-term review and end of term review. This is to evaluate the overall progress and effectiveness of the mentorship.
“In the future, mentors can gain access to networks and resources, particularly the ASEAN Mentors for Entrepreneur Network (AMEN), which can lead them to join courses within the region,” said Hariz.
Other than that, by providing mentorship, they can even possibly gain future business partnerships or joint ventures with their own mentees.
BMEN is managed by Darussalam Enterprise (DARe) and is part of DARe programs and initiatives to support the continuous development of Brunei Darussalam MSMEs. People can join the network by registering to their platform by clicking on their website.