Webinar Overview

Introduction

• Host: James Simpson
• Purpose: Outline business projects for implementation in various countries
• Communication: One-way, with chat for inquiries

Speaker Introduction

• James Simpson: Experience in hospitality, conservation, construction, and e-commerce
• Business Consultants Introduced: Representatives from various countries (Sri Lanka, Canada, Thailand, etc.)

Keynote by Mr. Nan

• Focus: Selection of candidates for business projects
• Topics Covered:
  1. Economic challenges
  2. Available solutions
  3. Business project details
  4. Selection criteria

Economic Challenges

Four Major Challenges

1. Economic Slowdown
   • Decrease in global economic activity.
2. Increasing Debt
   • Rising national debts due to economic issues.
3. Inflation
   • Supply-demand gap leading to high prices.
4. Geopolitical Tension
   • Wars affecting supply chains and economies.

Effects of Economic Challenges

• Decreased purchasing power
• Rising product prices
• High unemployment rates

Opportunities in Challenges

Business Focus

• Addressing economic challenges through business solutions
• Potential for high rewards by solving these challenges

Unemployment Gap

• Growing world population with declining job opportunities

Causes of Unemployment

1. Economic challenges
2. Technological advancements replacing jobs

The Role of Technology

• Displacement of jobs by technology (e.g., smartphones, online banking)
• Impact on various sectors including travel, banking, and legal professions

Business Solutions

Building vs. Buying vs. Partnering in Business

1. Build a Business: High investment and risk.
2. Buy a Business: Medium investment and risk.
3. Partner with a Business: Lower investment, leverage existing systems.

Understanding Financial Literacy

• Employment vs. Self-employment vs. Business ownership
• Income is limited by time and skills in employment
• Business ownership offers potential for leveraging time and resources

Introduction to Digital Franchising

• An alternative business model using digital platforms
• Focus on distribution for small to large companies

Distribution Process

• Reducing distribution costs for products
• Example: Reducing costs from production to end-customer

Selection Criteria for Partnership

Criteria

1. Desire and need for partnership
2. Commitment level
3. Willingness to learn
4. Decision-making ability

Educational Process

• Books and coaching program
• Development of entrepreneurial mindset

Conclusion

• Invitation for further engagement in the business project
• Upcoming educational materials and coaching
• Importance of financial literacy and entrepreneurship mindset