HOW TO PROMOTE YOUNG

AFRICAN ENTREPRENEURS Briefer: 2nd LT Elvis MUNGA F.

Date of Origin: 15 JUNE 2020
 OUTLINE
INTRODUCTION
BACKGROUND INFORMATIONS
DEVELOPMENT OF SMALL BUSINESS IN AFRICA
BARRIERS FACING BY ENTREPRENEURS
OUTLOOK
CONCLUSION
 INTRODUCTION
Definition : Small Businesses are privately owned corporations, partnerships, or sole
proprietorships that have fewer employees and/or less annual revenue than a regular-
sized business or corporation. The legal definition of "small business" varies by country
and by industry. In addition to number of employees, methods used to classify small
companies include annual sales (turnover), value of assets and net profit (balance sheet),
alone or as a combination of factors. (e.g USA, European Union, Australia, South Africa)
Three terms are in correlations with Small Business such as Self employment,
entrepreneurs and startup.
BACKGROUND INFORMATION
• Types of ventures (micro,
small, medium and large)
• How to create SB in Africa
• Sociodemographic aspects
• Fields of investment as a
SB in Africa
• Profiles of young
entrepreneurs in Africa
 DEVELOPMENT OF SMALL BUSINESS IN AFRICA
• Market demand
• Innovation
• Competencies
• Confidence
• Risk taking
• Running business
• Internet
• Global initiatives
• Globalization
 BARRIERS FACING
BY YOUNG
ENTREPRENEURS
• Bad business idea
• Cash issues
• Managerial inexperience
and incompetence
• Lack of customers focus
• Inability to handle growth
 OUTLOOK
• GDP growth
• Struggle against poverty and unemployment high rate
• Create platforms of sharing experiences
• Financial Independence
• States supports
• Crowdfunding
• Learning opportunities
• Creative freedom and personal satisfaction
 CONCLUSION
• Three characteristics of entrepreneurial activity are
innovating, running a business, and risk taking are the
mix that young entrepreneurs in Africa must consider
firstly.
• In Africa young entrepreneurs are facing plenty issues and
their competencies are making difference to run the
business and prosper and others are falling down
• SB are helping to rise up new age of entrepreneurs in
Africa by using internet precisely social media
QUESTION?
 REFERENCES
• https://en.wikipedia.org/wiki/Small_business
• https://www.oecd.org/cfe/smes/2090740.pdf
• https://
www.businessinsider.com/the-inspiring-life-story-of-alibaba-founder-j
ack-ma-2014-10?IR=T
• https://
en.unesco.org/creativity/sites/creativity/files/Effective_policies_for_s
mall_business.pdf