Youth and Entrepreneurship

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By: Shaurya singhal Japneet kaur

4/21/12

Introduction

Youth is defined by the United Nations as those between 15-24 years of age. Entrepreneurship is the process whereby individuals become aware of business ownership as an option or viable alternative, develop ideas for business, learn the process of becoming an entrepreneur and undertake the initiation and 4/21/12

Some negative effects of adolescent employment include increased problem behaviors; decreased leisure time; increased conflict with parents and 4/21/12

EFFECTS OF ADOLESCENT EMPLOYMENT

YREs in Developed Countries

In UK, it is revealed that 65.0 percent of the youth entrepreneurs worked from home, 40.0 percent alone, 14.0 percent had a single employee. In Canada, the report cited that selfemployment among 4/21/12

YREs in Developing Countries

Available evidence shows that in developing countries, the rate of selfemployment among youth, while low compared to adults, is significantly higher than among young people in developed countries. This is particularly the case in countries with slow or stagnant economic growth. The proprietary participation rate of youth significantly varies according 4/21/12

Key Constraints Facing YREs

The constraints that YREs face are largely in the following areas: lack of access to institutional capital; lack of access to lucrative markets; poor marketing and branding; inadequate planning; lack of access to suitable working space; lack of business management skills and abilities; inadequate, inaccurate and nonexistent financial records, lack of new 4/21/12 product development, and; lack of

YRE Specific Constraints

In general, the data suggest that, compared to adults, young people are disadvantaged in the following areas: more youth face problems of access to resources such as capital; more young people start their enterprises with lower levels of initial capital; more enterprises owned by young people have a lower market value or inventory; more youth entrepreneurs 4/21/12 are engaged in a narrower range of

Critical Areas for Suggested Actions

Access to Micro-credit for Young People Training and Business Development Services Information and Marketing Policies and Institutional Intermediation Financing Youth Enterprise Development and Research
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THANKU
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