The United Nations (UN) has declared 27th June to be Micro, Small & Medium-sized Enterprises Day (MSMEs) in recognition of their role in sustainable development.
The UN reports that MSMEs makeup over 90% of all firms and account on average for 60-70% of total employment in addition to 50% of GDP globally. Their importance in a more sustainable future cannot be underestimated!
MSMEs play a particularly important role in fighting poverty because they employ a large numbers of people from more vulnerable areas of society such as women and young people or those from poorer households. This is further highlighted in the UN’s Sustainable Development Goals, specifically goals 8 and 9.
Promote inclusive and sustainable economic growth, employment and decent work for all.
Build resilient infrastructure, promote sustainable industrialisation and foster innovation.
So, how does the School Enterprise Challenge, run by Teach A Man To Fish, support these goals?
Teach a Man to Fish supports teachers around the world to help their students set up their very own businesses. In the process, students develop skills in business as well as essential life skills such as communication, teamwork, problem solving and leadership. As students’ skills and aspirations are raised, they leave school better equipped to enter the world of work: whether that be to find a decent job or to set up their own business!
Don’t just take our word for it. Read about Sharom’s story – he’s a graduate of the School Enterprise Challenge!
Sharom Muwanika, 22, is currently the owner of a successful poultry business. Growing up in a single-parent family, he was motivated from a young age to look for ways to better his situation…
This article was written by our volunteer Jacob. He’s passionate about sustainable development, particularly around the environment. Do you have a story you’d like to share with him? Simply send Jacob an email to firstname.lastname@example.org and he’ll make sure to share it with the rest of the School Enterprise Challenge community!