Empowerment through Creative Integration with the collaboration of Oxfam distributed material to 50 deserving young entrepreneurs to imitate their own business.
Times are tough for small business, but help is available, from both the government—federal, state or local—and the private sector.
It may be in the form of a grant, a loan or a leg up competing in a difficult business environment.
Regarding the rationale and opportunities for developing youth entrepreneurship policies, youth entrepreneurship is important in addressing high unemployment (approximately twice the adult rate).
Young people are more likely to prefer self-employment than adults, but at the same time their rate of self-employment is much less.
This is accounted for by barriers related to lack of awareness, orientation of education and training, lack of experience, fewer financial resources, limited networks, and market barriers.
Jawad Gori, Manager ECI, shared that they are encouraging young people to imitate their startup, internet and other available options are great access to use your creative ability, by sharing material with them is just a way forward.
Job Placement Officer ECI, Raj Kumar Asnani, said that entrepreneurial networks are important in supporting entrepreneurship as sources of motivation, ideas, information, advice, business partners, employees, and customers.Networks vary widely in their nature, from private networks (family and friends) through market networks (business collaborators) to identity-based networks (e.g. ethnic affiliation), as well as in the strength of ties between actors.
Youth faces challenges in joining networks due to lack of resources, and a lack of experience in entrepreneurship and the labour market more generally.
Specific challenges include making good links to the wider business community, balancing targeted network initiatives against competition between networks, and ensuring that network members have ownership of their network.
He further added that, ECI is working for the progress of youth, they have facilitate 300 young people to avail the opportunities, helped 50 to start their business and many more.
