ENTREPRENEURSHIP Muhammad Tariq Mashwani

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ENTREPRENEURSHIP Muhammad Tariq Mashwani. Definition of Youth Entrepreneurship. Unfortunately there is not general agreed definition of youth entrepreneurship. - PowerPoint PPT Presentation

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<ul><li><p>ENTREPRENEURSHIP</p><p>Muhammad Tariq Mashwani</p></li><li><p>Definition of Youth EntrepreneurshipUnfortunately there is not general agreed definition of youth entrepreneurship.Entrepreneurship is the recognition of an opportunity to create value, and the process of acting on this opportunity, whether or not it involves the formation of a new entity. While concepts such as innovation and risk taking in particular are usually associated with entrepreneurship, they are not necessary to define the term.</p></li><li><p>Q: WHY BE AN ENTREPRENEUR?</p><p>A: Its a Win-Win-Win-Win-Win Situation</p><p>You winGet Rich!Your employees winMake them rich!Your investors win Make them rich too!Your customers winMake them happy!Your state and your country wins Create jobs!</p><p>Its the best job in the world!</p></li><li><p> GLOBAL YOUTH ENTREPRENUERSHIP SCENARIO</p></li><li><p>Youth UnemploymentYoung people represent one fifth of the worlds population and 50% of the total unemployed global workforce.Youth unemployment is one of the major challenges faced by most governments in the world.Youth comprise more than 98 million of the total of 192 million unemployed people.85% of these people live in developing countriesOver quarter of all youth in Asia are unemployed.A third of all youth in Central and Eastern Europe are unemployed.</p></li><li><p>Challenges of Youth EntrepreneurshipSocial and cultural attitude towards young entrepreneurshipNot being seriously taken by colleagues or business contactsAge discrimination by suppliers or customersDifficulties in attracting funding to the businessAge discrimination by institution or the governmentLack of support from family or friends</p></li><li><p>Challenges of Youth EntrepreneurshipAccess to finance / start-up financingLack of personal saving and resourcesLack of security and credibilityLack of business experience and skillsStrict credit scoring methodologies and regulationsLong waiting periods Lack of knowledge, understanding, awareness of start up financing possibilitiesLack of micro lending / -finance and seed funding</p></li><li><p>Challenges of Youth EntrepreneurshipBusiness assistance and support Lack of business connections: Business contacts, suppliers, suitable partners and networksLack of knowledge of available business support servicesLack of tailor made business training and advice for young start-upsLack of trained counselors, development workers and adequate support agenciesLack of mentoring capacitiesLack of exchange networks forums and meeting placesLack of other business development services</p></li><li><p>Advantages of Youth EntrepreneurshipEvery successful entrepreneur brings about benefits not only for himself/ herself but for local, region or country as a whole. The benefits that can be derived from entrepreneurial activities are as follows:Self-employment, offering more job satisfaction and flexibility of the work force Employment for others, often in better jobs Development of more industries, especially in rural areas or disadvantaged regions, Encouragement of the processing of local materials into finished goods for domestic consumption as well as for export Income generation and increased economic growth Healthy competition thus encourages higher quality products </p></li><li><p>Advantages of Youth EntrepreneurshipDevelopment of new markets Promotion of the use of modern technology in small-scale manufacturing to enhance higher productivity Encouragement of more researches/ studies and development of modern machines and equipment for domestic consumption Development of entrepreneurial qualities and attitudes among potential entrepreneurs to bring about significant changes in the rural areas Freedom from the dependency on the jobs offered by others The ability to have great accomplishments Emigration of talent may be stopped by a better domestic entrepreneurship climate</p></li><li><p>Opportunities of Youth Entrepreneurship Fight against Youth Unemployment is part of the Millennium Development Goals.UN Secretary General in association with World Bank and International Labor Organization initiated the Youth Employment Network (YEN)YEN was created to mobilize and engage all major stakeholders to promote youth entrepreneurship.Public Sector (Governments at national, regional or local level)Private Sector (Entrepreneurs, Banks, Investors, small and large companies, trade associations and unions)Non-profit Sector (NGOs, IOs, youth associations, YE clubs and networks, Universities, Private foundations and think tanks)Other stakeholders (Public or private media, donor agencies)</p></li><li><p>WHAT MAKES A COOLENTREPRENEUR?</p></li><li><p>THEYVE GOT IMAGINATION</p></li><li><p>THEY FOLLOW CHILDHOOD DREAMS</p></li><li><p>THEY INSPIRE</p></li><li><p>THEY STICK TO PRINCIPLES</p></li><li><p>THEY DIG TECHNOLOGY</p></li><li><p>THEY PULL A CROWDLaurent Haug introducing a Lift speaker. Photo: Ivo Naepflin</p></li><li><p>THEY GET YOU THINKING</p></li><li><p>THEY CARE ABOUT THE DETAILS</p></li><li><p>THEY LIKE MAKING THINGS</p></li><li><p>THEY HAVE FUN</p></li><li><p>THEY CROSS BORDERS</p></li><li><p>AND TAKE TO THE SKIES</p></li><li><p>THEY KEEP SMILING</p></li><li><p>THEY LOVE THEIR BUSINESS THEYRE COOL ENTREPRENEURS</p></li><li><p>Questions??</p><p>*</p></li></ul>

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