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Welcome to the YBSL e-newsletter. We'll use this medium to send regular updates about entrepreneurship in Sri Lanka, and how YBSL is playing a role in developing the sector.

Feature story

Youth Business Sri Lanka's feature entrepreneur for September, Inzamam Hassim, the Managing partner and Co-Founder of Block 3 Creative.


1.What ignited the spark in you to start a new business venture or to make significant changes in an existing business?
Well I used to work in a few corporate's and it never really got me excited or passionate about the work I was doing, although it was the field I wanted to be mostly involved in. It was then that I knew I just had to do something different. I wanted to create rather than follow which ignited this passion to innovate. Innovation not only in products but processes, work flows and create an environment that would fuel this vision. 
Even today, with the current business I run its a challenge, but the best part is that it constantly drives me to be innovative and think different.


2.How did the idea for your business come about?
Well I started off with a B2B business idea which actually set-foot over a conversation exchange I had with a friend, who is one of the founding partners to date. We had this conversation over a session of Basketball. We started off with zero capital investment and mostly due to the nature of our service it really didn't need that big of a capital investment. Our investment was our time and the perseverance to find business and deliver. 
 I think the start-up phase is the most important phase for any entrepreneur because it builds the foundation of what your business and who you'd become through sheer perseverance and learning from failure after failure. Its all about survival of the fittest, which is as real as it gets. 


3.How do you find people to bring into your organization that truly care about the organization the way you do?

Building a core team was a very important task for me! I needed a team that genuinely understood the companies vision and understood the work it would take to achieve it. I was glad I met one of my other business partners Shiva Balachandran along the way because working side by side, we've been able to really scale the business to reach target after target each month. Today we run a growing core team. We constantly learn and adapt everyday which I'm happy about because I want my team to grow in terms of experience and knowledge alongside the growth of the business. They invest in me and me on them.

4.How important have good employees been to your success?
I would change a few words in that question from 'good employees' to 'valued team members'. Extremely Important!!! As we scale its a feeling of calm in chaos, if that made any sense. Being an Entrepreneur or a Leader of an organization, it is a challenge, and this does not exclude weekends. haha. I wouldn't call them employees, but team members, because when I face those everyday worries its calming to know I have a smart and competent set of team members to handle the core business processes and make sure the business runs. This gives us the space as co-founders to then plan and work on achieving our growth goals and building an even better foundation.

5.What three pieces of advice would you give to anyone who want to become entrepreneurs?  
Be Innovative and Creative
Learn to adapt to situations, stakeholders, ideas and changing environments.
Don't give up! You are your biggest obstacle!




 


 



 

Upcoming events

Y-Club meeting for October
Y-Club is a network for young entrepreneurs to share ideas and learn from each other.Y-Club meetings are held ever first Wednesday of the month.

We hope to see you there. 

Date: Wednesday, October 5th 
Time: 6:00-7:30pm
Location: Ceylon Chamber of Commerce, 50 Navam Mawatha, Colombo 2

 
Youth Business Sri Lanka and GS1 Lanka, now work in collaboration to provide better services for our entrepreneurs. 

Youth Business Sri Lanka is happy to inform all our entrepreneurs that we have joined in partnership with GS1 Lanka to provide our entrepreneurs with the services of obtaining supply chain standards.

A Memorandum Of Understanding was exchanged between the two organisations last month.

For more details on GS1 Lanka visit there website at gs1lanka.org
YBSL, to launch the First Y Impact Hub, a co working place with incubation, accelerator and to find the right co founders & investment opportunities. The Y Impact Hub will be the most vibrant place for aspiring and emerging young entrepreneurs and startups .
 
Thanks for reading. We are always interested in sharing news on entrepreneurship in Sri Lanka with our audience. Please send relevant stories to info@ybsl.lk.
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