Starting a business and commitment to its success is not only a victory of a businessman but is also a great service to the country as it generates revenue for the state and produces employment opportunities.

It was the crux of the speeches delivered at a seminar on "How to be successful in business" organised by the Lahore Chamber of Commerce and Industry, here on Wednesday. LCCI office-bearers, convener LCCI Standing Committee on Training & Development Sadia Rana, Dr Maaz-ul-Hassan, Ch Sultan Mehmood, Farhan Khan, experts, scholars and international and national business leaders also spoke on the occasion. Pakistan has a strong potential to grow and nurture businesses in the country. We need a strong will to ensure our presence and growth in any kind of circumstances, they said.

LCCI President Irfan Iqbal Sheikh said that Pakistan is still an emerging market that has created challenges for the starting and doing business. For the success businessmen, particularly young entrepreneurs should have an eye on innovation and follow those business groups which got success despite lack of resources.

LCCI President Irfan Iqbal Sheikh said that innovation holds the key to success for young entrepreneurs therefore they should have an eye on global patterns while doing their businesses. He said that the Lahore Chamber of Commerce and Industry is doing the needful for the upcoming entrepreneurs through seminars and workshops.

He said that the country is in dire need on innovative entrepreneurs. He said that there is no dearth of resources in the country but only thing that has kept it behind is the unawareness about the latest business techniques and methodologies. In today's international business arena, competition has grown by leaps and bounds. For the success, we have to focus on all business related issues from innovation and marketing to sustainability, he said.

He said that entrepreneurs should have to focus on sustainability issues which have become critical to the future success of international business. He said that sustainability is now spreading to every domain of business and posing questions that the business groups had never been asked before. Young entrepreneurs should have to learn from the seasoned businessmen that how sustainability could be used as a source of innovation.

While citing his personal business experiences, Irfan Iqbal said that he had visited a number of countries in the world and almost everywhere the Pakistani are at the top positions because they are very hard working and foreigner love to work with them. He said that risk is the name of the game as far as entrepreneurship is concerned but the ultimate winners who learn from their mistakes and adopt corrective measure without any loss of time.

LCCI Vice President Mian Zahid Jawaid Ahmad said that new comers in the business should also try to establish their own brands instead of relying on existing brands. He also urged them to focus on exports as there are a number of global destinations that are unexplored even today.

Convener of the Standing Committee on Training and Development Sadia Rana said that Pakistan has some of the best infrastructure, agriculture, and natural resources in South Asia. In addition, there are a number of initiatives from government to boost the entrepreneurial culture. She urged the young entrepreneurs to focus on quality while dealing with their foreign buyers so that their product could win a good share in the global marketplace.