Continental J. Sustainable Development 1: 37 - 44, 2010
©Wilolud Journals, 2010 http://www.wiloludjournal.com
ENTREPRENEURSHIP AND DEVELOPMENT A POWERFUL TOOL FOR YOUTH EMPOWERMENT:
A REVIEW.
Shefiu Raheem
Centre for Entrepreneurship Development (CED), Yaba College of Technology, PMB 2011, Yaba, Lagos
ABSTRACT
An entrepreneur wakes up and says: Good morning, Lord, I thank you for your abundant blessings. A man
with a mindset of poverty, wakes and laments, he says: O Lord, it is another morning, can I continue this
way? Why the lamentation when there is the entrepreneurship option?
Entrepreneurship is the process through which new organizations come into existence. It is a human
creative action that breeds something of value from practically nothing.
An entrepreneur searchers for and discovers new information, translates it into new markets, techniques and
goods. He discovers economic opportunity and marshal the financial resources needed for the enterprise.
The challenges that face entrepreneurs in Nigeria include harsh or unfriendly economy, dynamics of the
industry, lack of start-up capital-, staff recruitment and unfriendly government policies among others. The
vitally needed ingredients for success in business include starting on a small scale, maintaining a good cash
flow, relying mostly on oneself and strategically positioning your business and yourself.
The small scale business that could invite the attention of our youths includes agriculture, finance scale
manufacturing, trade and service rendering. Establishing a new business and nurturing it to growth and
maturity is not easy in our environment but it is vulnerable. Embrace change, embrace entrepreneurship.
KEYWORDS: Entrepreneurship, start-up capital, staff recruitment, business, economy, Nigeria
©Wilolud Journals, 2010 http://www.wiloludjournal.com
ENTREPRENEURSHIP AND DEVELOPMENT A POWERFUL TOOL FOR YOUTH EMPOWERMENT:
A REVIEW.
Shefiu Raheem
Centre for Entrepreneurship Development (CED), Yaba College of Technology, PMB 2011, Yaba, Lagos
ABSTRACT
An entrepreneur wakes up and says: Good morning, Lord, I thank you for your abundant blessings. A man
with a mindset of poverty, wakes and laments, he says: O Lord, it is another morning, can I continue this
way? Why the lamentation when there is the entrepreneurship option?
Entrepreneurship is the process through which new organizations come into existence. It is a human
creative action that breeds something of value from practically nothing.
An entrepreneur searchers for and discovers new information, translates it into new markets, techniques and
goods. He discovers economic opportunity and marshal the financial resources needed for the enterprise.
The challenges that face entrepreneurs in Nigeria include harsh or unfriendly economy, dynamics of the
industry, lack of start-up capital-, staff recruitment and unfriendly government policies among others. The
vitally needed ingredients for success in business include starting on a small scale, maintaining a good cash
flow, relying mostly on oneself and strategically positioning your business and yourself.
The small scale business that could invite the attention of our youths includes agriculture, finance scale
manufacturing, trade and service rendering. Establishing a new business and nurturing it to growth and
maturity is not easy in our environment but it is vulnerable. Embrace change, embrace entrepreneurship.
KEYWORDS: Entrepreneurship, start-up capital, staff recruitment, business, economy, Nigeria
No comments:
Post a Comment