Entrepreneurship Development and Job Creation
You will have a good understanding of the business ecosystem and a
knowledge of successful business models. Altucher focuses on helping you
improve your physical, emotional, mental and spiritual wellbeing while finding
your way towards uncovering potential business opportunities you will be
uniquely qualified to pursue. Regulations around starting and sustaining businesses
can often be seen as too slow, complicated, or confusing. Entrepreneurship and
small business are typically used synonymously, interchangeably and presented
as one and the same. As with a good comedian, if you want to be an effective
persuader, you need to master your timing perfectly. The Barefoot Executive
walks new business owners through the steps of planning, starting and operating
a small business.
New markets add wealth to the economy when entrepreneurs invest their own
money to develop innovative products and services. In the absence of local
entrepreneurs for a society, enterprises are organized by the entrepreneurs
coming from outside. Because of their importance in the modern economy,
entrepreneurs should be at the heart of microeconomics. Within the last decade
more and more entrepreneurs are focusing their work on resolving social
problems. During the last decade, Gallup has focused intently on understanding
the psychological roots of entrepreneurship. Entrepreneurs in the public and
private sectors help to remove regional disparities in economic development.
Entrepreneurs need assistance in creating solid business plans and with
accessing and developing managerial talent. For the potential entrepreneur the
first task is to identify, explore and then select an attractive business
opportunity. The entrepreneur may adopt an innovation developed by others,
re-invent or modify it, or develop an innovation not known earlier, to suit
his/her own particular purpose. The historical and contemporary records reveal
long and robust history of family-owned business in Nigeria. Having set
long-term aims of the business, there is a need to communicate them to the
stakeholders. The Merriam Webster Dictionary defines an entrepreneur as one who
organizes, manages and assumes the risk of a business or enterprise.
An improving gross domestic product is an important goal for economic
development because it means that each individual is becoming more productive
and earning more money. In a rural-urban continuum, the young entrepreneurs may
be spread over rural, sub-urban and urban areas. Entrepreneurs setting up new
businesses and industrial units help with regional development by locating in
less developed and backward areas. The industrialisation of a country and its
pace of economic development depend on the entrepreneurs. The entrepreneural
pursuit is challenging and creative and can harness the extra vigour that is
abundantly available with the educated youth.
Unemployment in Nigeria has affected the youth and the economic development of the country from a broad spectrum of socio-economic perspective. Entrepreneurship development is adjudged to provide meaningful promises of sustainable economic growth and development of a country. The wheel of development of any country lies on the shoulders of how productive and creative the youths are. The role of entrepreneurship in the curbing of unemployment, unstable economic growth and development cannot be emphasized. Through well planned and executed entrepreneurship education, the Nigerian youths well learn to be happy and fulfilled persons.
Entrepreneurship development should be about helping people start and grow dynamic businesses that provide high value added. The world needs to create over a billion new jobs by 2030 to accommodate existing and future unemployed youth. Development in all its dimensions must be inclusive of all people, everywhere, and should be built through the participation of everyone, especially the most vulnerable and marginalised. The age-long Western education in Nigeria, only breed graduates for white-collar jobs and does not create and develop jobs. Whilst finding a lifelong job is becoming more difficult, the good news is that it has never been easier to become self employed or to set up a business.
You will gain a good knowledge of the development process and the
planning process involved in the launch of a new product. You do not have to
build something innovative or unique, you just need to build something that
lasts. Stakeholder Management is the process by which the key stakeholders are
identified and their support can be sought the best. Economic development is
one of the technology-based economic measures to move from one economic
situation to another. The New Venture Challenge was established in 1996 and is
widely recognized as one of the top accelerators in the country.
Business ideas creativity and innovation are the important conditions for
developing entrepreneurship is the country. Strong oral and written English is
essential, with a high standard of written English being particularly
important. The focus on entrepreneurship is not surprising, given the role that
it can play in tackling unemployment. Even for a large and advanced economy
like the United States, foreign markets have a significant role.
Successful entrepreneurship involves much more than just having a great
idea or creating a new business venture. Whether you are just starting out with
an idea or looking to grow your current company, entrepreneurship can be an
exciting and rewarding journey. Any growing business will eventually want to
get started with exports to expand their business to foreign markets. Every
workshop is available on demand afterward, so you can consult them whenever you
need.
