The final day of the regular part of the 2017 program of AmChamps – Young leaders in change, was held under the title AmChamps Final Countdown, in which participants learned about entrepreneurship in Serbia and United States from prominent lecturers.
“The U.S. Way of Doing Business“ was the name of second lecture given by the founder and CEO of Clean Earth Capital, Philip Bay. He briefly profiled his beginnings in America, how his childhood and social situation to a large extent influenced him to develope the entrepreneurial spirit while growing up and clearly determined the guidelines to becoming a successful entrepreneur. Like Kostic, Bay spoke about failure and said that fear of failure is the biggest block for most people who want to start their own business. He pointed out that to achieve success it is necessary to accept failures faced during a career, but that perseverance and dedication with some luck can bring a successful result. Finally, the AmChamps particiants were given the recommendation that the best business strategies in entrepreneurship are risk-taking and networking.
The final lecture of the day was given by Boris Popovski, a Specialist from the Commercial Department of the US Embassy in Serbia, who presented the way in which franchising works and benefits that can be achieved through that type of business. He pointed to McDonalds as a successful franchiser and described the history and origins of this successful international company, as well as how its experience can help to develop a better understanding of the franchising process.