Professional Documents
Culture Documents
Potential of Entrepreneurship
Potential of Entrepreneurship
Poverty in Nepal is pervasive, largely continual and can be imitate enough from the economic
situation and the minimal process of development. Nepal is one of the poorest countries in terms
of not only per capita income but also in all socio-economic aspects such as life expectancy,
infant and maternal mortality rate, and adult literacy. Nepal is a population of around 3 million
and whereas there is continues level of degradation of poverty, especially rural poverty, and high
levels of unemployment and underemployment. Around 59.6% of total population of Nepal lies
in 15-65 age brackets and through this, it has been estimates that half of the available work time
of Nepali adults is underutilized. Eighty percent of the population depends for its livelihood on
agriculture. And today youth dont want to see them in agricultural stuffs. The National Planning
Commission estimates that 25.4 percent of Nepals people live below the poverty line, currently
set as Rs. 13,328 per year per person.
Looking at this current scenario of Nepal, Entrepreneurship is one of the best ways for Nepal for
the economic growth and in minimizing the unemployment rate. . In Nepal, people lack an
opportunity despite having good qualification, skills and ideas. But the crisis is the opportunity
and unfavorable economic situation. People are now stepping ahead to become entrepreneur. But
having the idea doesnt make anyone entrepreneur. Entrepreneurship includes investing capitals,
ideas favorable for the business which should be suitable enough in the context of Nepal. Few
entrepreneurs who have an idea dont have any investment plan and those who have all sorts of
facilities to run the business dont have the constructive ideas and are unaware of business
policies. So it can be well analyzed that there is a lack of balance between the potential and an
opportunity. Beside this, there are also several issues which are faced by the youth of Nepal and
which can be categorized in following sectors:
Moral degradation
Less aware about their rights
65,753) worth of products made from Allo are exported annually to the international market
which is approximately 3.3 percent of the total textile products exported.
Positive culture in Nepal is essential if we want to create an economically equal, fair,
accountable, responsible society. And as an entrepreneur, it will be helping us make this faster
than any other professional. Another example fit for this is Prithivi Pande, current CEO of Nepal
Investment Bank, was responsible for creating a positive culture trend in the Banking sector.
Many of the current heads of financial institutions in Nepal have worked with him and followed
his lead to be successful bankers themselves.
In terms of technology, Nepal is also stepping ahead in a good pace. People are able to access
internet easily from anywhere which has also created a lot of opportunity as business ideas.
Internet has made a life effortless due to Ecommerce and E-business. Mr Bal Krishna Sharma, a
founder of Thamel.com is one of the successful of entrepreneur of Kathmandu who was
intellectual enough to enhance his idea in IT field. Thamel.com os an internet e-commerce portal
that sells goods online enabling expatriate Nepalis to purchase gifts, which are then delivered
in Nepal by the staff of thamel.com, including goats during the annual Dashain festival.
There is no doubt that there are enough potential for entrepreneurs in Nepalese market. An
opportunity comes with the problems. There is a need to align youth economic empowerment to
government policies, strategies and programs. Financial support, training and facilities need to be
provided in order to ensure young peoples active participation in decision-making, and
development activities and programs. Favorable environment need to be created and retained to
increase investment in relevant training matching with job market and self-emp0loyment.
Promotion of entrepreneurship among young women and men for the provision of better
information on market opportunities, training in business skills, access to capital (credit and
other financial services) mentoring by qualified persons, and other business support services.
Looking at the present state of affair, Nepalese youth are returning back from abroad and starting
their business with the money which they saved abroad and this is the encouraging sign for the
nation and this show enough reason that potential and opportunities do exists for young
entrepreneurs in Nepal.