Tuesday, May 14, 2013

SMEs & SME you name it



in my course timeline so far i have found out that not only what you have in business matters  bah also other prerequisites in the environment...




The growth of Smes are majorly influenced by lots of changes in the business world....


Marketing...Pricing strategy ...... Outsourcing...Cloud services ....Cyber attacks ... SEO......   mmm name them ...

trouble begins when you find out that what you thought was going to be perfect for you turns out that you need a second option...

Outsourcing i Call It ..allocation of specific business processes to a specialist external service provider like my specialty is Numbers ..

This is usually done, sometimes, because a business or an organization cannot take care of all aspects of that business process and it has to necessarily look for someone else to do that work. Once this task is outsourced to a service provider, the provider assumes total responsibility for completing the job. Outsourcing is being done for a number of fields including IT outsourcing, data center operations, desktop and help desk support, software development, e-commerce outsourcing, software applications services, network operations and disaster recovery.....

Nevertheless outsourcing comes in to cub competition and cloud computing  as wellas forge ahead and a good competitive strategy ......

However,,,

Advantages
  • Financial: One of the greatest advantages of outsourcing is the financial advantage. By outsourcing, you do not have to recruit employees and keep on paying salaries or wages continuously to them. Outsourcing can result in substantial reduction in overheads in the form of salaries, insurance, and taxes.
  • Time: Another advantage is that you also save a lot of time. As the outsourcing firm would be concentrating only on one specific task, they end up doing the task faster and better. Moreover, the people in your organisation may not be used to doing these things while the people employed in the outsourcing firm may be used to and may be proficient at it. The extra time can be used by your organisation to do other important things.
  • Growth and development: You can save time and energy and concentrate on business development and building a better relationship with your customers. Outsource those areas that your organisation is weak at and feels it is a headache.
  • Reduction in expenditure: Outsourcing would definitely bring down your expenditure substantially. You do not need full-time employees whom you have to pay full-time salaries or wages. You would be saving on salaries, bonuses, vacation, and insurance. Reduced expenses, from not having full-time employees, may give you the competitive edge that could mean the difference between success and failure, profit or loss.
Disadvantages
  • Management: Even though you may be saving on salaries of employees, you would still have to manage the people whom you outsource, and follow up for completion of the projects, to your specifications and your quality, on time. You will discover that the people to whom you have outsourced the job may be getting it done in another country. Managing people in another country altogether may, sometimes, be too much of a handicap – with various factors coming into play. You may sometimes, feel that you are at your wit’s end trying to give instructions, take feedback, and advocate changes. You may find yourself bogged down by language, cultural, and time-zone barriers.
  • Loss of intellectual property: It may so happen that when you outsource the job to other countries, some other people may steal the idea and use it themselves. So be careful of the intellectual property that you are parting with.
  • Success: The people to whom you outsource may not be bothered or interested about the success of the task. They would only be bothered about completing the work and receiving payment, but not concerned about the quality of work. If the finished products do not meet quality standards, the entire manufacturing process must be done once again by a different vendor.
  • Loss of sales: If the outsourced product does not meet the quality, your company will lose sales for the month due to non-availability of the product and also incur a loss.
  • Many of the disadvantages and headaches of outsourcing can be avoided by choosing the right company for outsourcing by studying their background and track record.

What entrepreneurs need to know about their brains


Are you more like Howard Schultz of Starbucks, the billionaire investor Warren Buffett, Richard Branson of Virgin, or Tony Hsieh of Zappos? Knowing the answer could help you become more successful in your business, according to http://www.entrepreneur.com
Being aware of how your brain works can help you make better decisions as an entrepreneur, contend the authors of a new book, Heart, Smarts, Guts and Luck (Harvard Business Review Press, 2012).
Famous business veterans Tony Tjan, Dick Harrington, and Tsun-yan Hsieh interviewed and researched more than 500 business leaders from young, upstart entrepreneurs to experienced CEOs and identified four character traits that define a business leaders’ decision-making process.
Here is a rundown of the four categories of entrepreneurs they found and the leaders that exemplify them:
1. Heart. (Howard Schultz of Starbucks.)
Hearts-dominated leaders are the passionate, big-picture, founding visionaries that may not necessarily have a rational, research-based business plan, but are fiercely committed to seeing their goal through.
2. Smarts.(Billionaire investor Warren Buffett)
The smarts-dominated leader is rational, makes decisions based on facts, sets goals, delegates responsibility and knows how to hold people accountable.
3. Guts. (Richard Branson of Virgin.)
Guts-dominated leaders actively seek out uncertain business ventures with the possibility for high reward (risk takers) or are capable at managing situations laden with heavy consequence (risk-tolerant).
4. Luck. (Tony Hsieh of Zappos)
While almost every successful business venture owes some portion of its success to a lucky break, the luck-dominant business leaders strategically expose themselves to luck by developing organic, deep connections with a group of people and then having the open and optimistic outlook in life to be able to take advantage of opportunities when they present themselves.
“You tend to go through a couple phases in business building. There is the founding stage, then what we call the scaling stage and extending stage and in each of those stages you have to shift gears,” Tjan told Entrepreneur.
“You have to go from heart-dominant to smarts/guts-dominant — or you need different types of people to help you.”

Thursday, April 11, 2013

What KNowledge we need to put in place to Make a step ahead maintaining our values!!!!!!

if i was to give my own opinion it would come from knowledge use and its management.




indigenous knowledge is crucial in the making of our decisions especially on matters of crucial importance to us all in that it is prolonged information stored among ourselves as i would presume judge passed from generation to generation......



To strive and succeed need the usage of such important information keeping the taste of the past maintaining its looks and meeting the needs of our customers ....no exaggeration is needed as i would assume that the customer is aware of the nature of such products...


Knowledge management is another issue that will matter next time....



Wednesday, April 10, 2013

Is it a genius thinking or Its just an extra thought of mind???????

                                                               Mind checkers!!!!!!!!!!!!!





making a remarkable event  in personal development is not just by what you feel is right but also how u take into account your actions plus a little thinking of extra usage of ua medulla.

Genius you would call but making a sense a little of ua first thought makes u one or you may end up ingenius

 a few of the remembered would be:

1) Albert Einstein - Albert Einstein is a name that comes to mind first when thinking of geniuses. Einstein’s brain was found to be deficient in certain parts, but extraordinarily powerful in others. Another trait of Albert’s brain was the fact that he had a much larger corpus callosum than the average man. The corpus callosum connects the right and left hemispheres and allows them to successfully transfer information back and forth (communicate with one another). Einstein has received the Nobel Prize in physics, was named “Person Of The Century” by Time Magazine, and has contributed phenomenal theories to the world of science (i.e. theory of relativity, unique field theory, etc).

2) Leonardo Da Vinci - Leonardo Da Vinci is considered one of the best painters of all time and possibly the most multi-talented man to have ever lived! Two of his works include: The Last Super & The Mona Lisa. Da Vinci was truly ahead of his time with ideas such as: a helicopter, a tank, solar power, a calculator, and a theory of plate tectonics. Leonardo was a unique individual who exercised the curiosity of his powerful brain..
3) Nikola Tesla- Tesla was a renowned physicist, inventor, and engineer. He has made phenomenal contributions to science and has been classified as the “world’s greatest electrical engineer.” Nikola engaged in studying many works, memorizing complete books, and supposedly had a photographic memory. Tesla had above average brain power and was an advanced thinker when compared to others of his time.
4) Sir Isaac Newton - Sir Isaac Newton was an astronomer astronomer, physicist, inventor, mathematician, and philosopher. In a 2005 poll, Newton was named more influential than Einstein in science. He has developed laws of motion, principles of momentum, and invented the reflecting telescope. Newton has had tons of great scientific achievements. His diverse list of scientific and mathematic accomplishments demonstrate the incredible ability of his brain.
5) Stephen Hawking - Hawking is known best for his theories of black holes, cosmology, and quantum gravity. He has also written several bestselling books such as: “A Brief History Of Time” and “The Universe In A Nutshell.” Though Stephen is currently bound to a wheelchair due to paralysis from Lou Gehrig’s disease (ALS). Hawking has been recognized as a revolutionary thinker and one who displays above average intelligence.
6) Michelangelo - Michelangelo was a phenomenal painter, sculptor, architect, and poet. His diverse interest in art and the world really showed. He sculpted the Pieta and the David before he was 30 years old! He painted the Sistine Chapel and worked on the dome of St. Peter’s Basilica. Michelangelo was a genius that was able to bring an entirely new artistic perspective from his mind to reality.
7) Archimedes - Archimedes was a Greek philosopher, engineer, inventor and astronomer. He is also considered one of the greatest mathematicians of all time. Though there isn’t a ton of documented information regarding his personal life, we do know that he has had a large impact on science and physics. Archimedes’ thoughts were clearly ahead of his time: not many would disagree that he was a genius.
8) Warren Buffet – Though Warren Buffet isn’t a big contributor to science like many other names listed, he does have a ton of knowledge about making money through investing. He is a known philanthropist (someone who donates their time & money for charitable causes) and Time Magazine has regarded Buffet as one of the Top 100 Most Influential People in the world. He was also ranked by Forbes in 2008 as the richest person in the world. His company [Berkshire Hathaway] has an estimated net worth of $62 billion dollars. Warren is a very intelligent man and a financial genius.
9) Swami Vivekananda - In the Eastern world, Swami Vivekananda is regarded as a genius by many. He was one of the most influential and spiritual leaders ever and was a highly-renowned thinker. Because of his insight and unique philosophy that he had contributed to eastern religions, his knowledge and intellect will continue to be admired.
10) Samuel Johnson - Samuel Johnson is regarded as one of the biggest literary influences of all time. He was a biographer, critic, and essayist. Johnson is the highest quoted author since William Shakespeare and was one of the most influential people in the 18th century. The man invented and compiled terms for what many consider the first official dictionary.
11) Immanuel Kant - Immanuel Kant was an 18th-century philosopher from Russia. He has been considered one of the most influential thinkers of all time in Europe. Kant brought forth a unique theory of perception and thought deeply about life. Many regard Kant as a genius of his time.
12) Aristotle - Aristotle was a Greek philosopher, student of Plato and one who taught Alexander the Great. Aristotle became a great writer and is regarded as one of the most important and influential figures towards shaping Western philosophy. His works were the first to ever study “logic” and he had a profound influence on others during his time.
13) Pablo Picasso - Though Picasso may not have been an amazing scientist, his revolutionary mind forever changed the way people looked at art. He was a master drawer, painter, and sculptor. He founded “cubism” – an art style which became a huge movement in the 20th century. Pablo Picasso’s unique perception, which he expressed through his art, caused many people to view reality from a different perspective.
14) Niles Bohr - Niels Bohr was a phenomenal physicist and a highly advanced thinker. He invented the Bohr Model which is regarded as a huge contribution to atomic physics. Bohr was heavily involved with post World War II scientific issues and carried a great head on his shoulders.
15) Thomas Jefferson - Thomas Jefferson was a very brilliant individual. He was the 3rd president of the United States, wrote The Declaration Of Independence, and was the most influential Founding Father for the U.S. He influenced the republican party and was a horticulturist, statesman, architect, author and inventor. Jefferson was the founder of the University of Virginia and understood that slavery was unethical in a time when most everyone else thought it was proper. Thomas Jefferson was definitely had an exceptional brain.
16) Plato - Plato was a Greek philosopher that was taught by Socrates, but taught Aristotle. Along with Socrates and Aristotle, Plato helped lay the groundwork for Western philosophy. He was known to be a mathematician, great writer, and founded “the Academy” or “institute of higher education and learning,” in Athens. His works in philosophy, logic, and mathematics, were studied and used by many teachers after his time. Not only was Plato a revolutionary thinker, he was a genius of his time.
17) Winston Churchill – Winston Churchill was a rightfully famous British politician during World War II. He is well-known for his abilities as a great leader, speaker, officer in the British Army, a historical writer, and an artist. Churchill became a hero of his time and is considered one of the most intelligent men of his time.
18) Benjamin Franklin - Benjamin Franklin was one of the Founding Fathers of the U.S., an author, and a printer. He was also a great politician, inventor, and scientist. Benjamin Franklin’s scientific contributions have shaped physics and the field of electricity. He invented the lightning rod, bifocals, the Franklin stove, the odometer, and the glass harmonica. Franklin created the first public lending library in the United States and first fire department in the city of Pennsylvania. Ben Franklin was a true genius of his time.
19) Thomas Edison – Thomas Edison was a great inventor and businessman who created many appliances that have had profound influence on life around the world. A couple of his inventions are: the phonograph and a long lasting light bulb. Jefferson was also one of the first inventors to apply the idea of “mass production” to the invention process. Many give Jefferson credit with creating the first ever industrial research lab. He is considered one of the most gifted inventors ever and holds over 1,000 United States patents. Edison truly added his touch of genius to the scientific community.
20) Daniel Tammet - Daniel Tammet is a high-functioning autistic savant. He has been gifted with a knack for mathematics, language learning, and above average memorization skills. He was featured on a discovery channel special that tested his abilities and showed his ability to learn arguably the toughest language, Icelandic, in less than 7 days to appear in an interview. Daniel has an incredible brain and was gifted with an above-average intellect.
21) William Shakespeare - William Shakespeare was a poet, playwright, and has been hailed “the greatest writer” in the English language and the worlds best dramatist. He has been deemed the national poet of England and his works include: nearly 40 plays, around 150 sonnets, and 2 long poems. Shakespeare’s plays have been translated into every language, and are performed more often than any other playwright. Shakespeare shed his genius-like thoughts through his complex storytelling.
22) Kim Peek - Though Kim Peek is a savant, he has some exceptional brain abilities. He is lacking a functional corpus callosum (which makes it impossible for his right and left brain hemispheres to exchange information) and has a damaged cerebellum. Without a corpus callosum, some develop above average memory abilities. In Kim Peek’s case, he can read a new book in about 1 hour and manages to retain over 98% of the information within the book! Impressive.
23) Ludwig van Beethoven - Beethoven was a German pianist and legendary musician. He was very influential in Western classical music and is thought of as the best composer of all time. Though Beethoven’s hearing began to cease in his early twenties, he was still able to create classical masterpieces. He was able to conduct, compose, and perform music even after he was completely deaf! Beethoven blessed the world with his musical genius and brilliant mind.
24) Srinivasa Ramanujan - Srinivasa was an Indian mathematician who was able to make huge contributions in the area of mathematical analysis and number theory. Srinivasa demonstrated an uncanny, natural ability to master mathematics. He had a complete math book mastered by 13, and even discovered theorems of his own. He won many awards by showing others his superior mathematical ability at his school. By age 17, this mathematical prodigy was doing his own research with mathematics and numbers. He compiled nearly 4,000 equations and identities in his short lifetime.
25) Johann Sebastian Bach - Bach was an exceptional composer and organist. He specialized in choir, orchestra, and solo instruments. He was able to enrich the German composing style with a full harmonic scale and was able to adapt rhythms from Italy and France. Though his music began early in the 19th century, he is now noted as one of the greatest composers in the Western tradition. Bach was yet another musical genius.
26) Wolfgang Amedeus Mozart - Mozart was a very influential composer during the classical era. He was able to create over 600 compositions that were widely accepted and acknowledged. His music specialties included symphony, chamber music, piano, opera, and choral music. Mozart is among the most popular of classical composers, and many of his works are still included in concerts today. Mozart clearly demonstrated his musical proficiency and level of genius.
27) Sir Francis Drake - Drake was a famous traveler, navigator, and politician from England. He managed to circumnavigate the world in 1577 and has been proclaimed a legend in England. Drake was an exceptionally smart individual and had an estimated I.Q. of 130. Sir Francis was a powerful man that happened to have an incredibly powerful brain.
28) George Berkeley - George Berkeley was an Irish philosopher and developed a famous theory of “immaterialism.” Berkeley also published a book called “The Analyst” that would critique calculus and influence common day mathematics. University Of California, Berkeley was named after George due to his intelligence and philosophical insight.
29) Ludwig Wittgenstein - Ludwig was an Austrian philosopher that developed theories involving logic. He contributed to the philosophy of mathematics, philosophy of language, and philosophy of the mind. He has had a huge influence on philosophy and is widely accepted as one of the twentieth century’s best philosophers. Wittengenstein published 2 books and both were highly influential in philosophy.
30) Socrates - Socrates is regarded as one of the best ancient greek philosophers of all time. As teacher of Plato, he has been associated with highly advanced thinking during his time. His work continues to form much of the foundation for the study of philosophy today. Socrates has made important contributions to the study of logic and writings, and has provided a lot of groundwork that much of the Western civilization has followed.

31) Linus Pauling – Linus Pauling was a peace activist, scientist, author, and teacher. Pauling is regarded as one of the most influential chemists in history and was one of the most important scientists of all time. He was one of the pioneers to work in the study of molecular biology and quantum chemistry. He has been awarded more than 1 Nobel Prize and is one of only 2 individuals to receive them for different fields.
32) Christopher Michael Langan - Christopher Langan is an American with an IQ was reported by “20/20″ and other media sources to have been measured at nearly 200. Though he used to work as a bouncer in Long Island, he rose to fame as “the smartest man in America” in 1999. Langan has developed “a theory of the relationship between mind and reality” which he calls the “Cognitive-Theoretic Model of the Universe and is still alive today. This man has one of the highest I.Q.’s ever on Earth.
33) Michael Faraday - Michael Faraday was a phenomenal chemist and physicist who contributed to the fields of electrochemistry and electromagnetics. His inventions of electromagnetic devices formed the foundation of electric motor technology, and it was largely due to his efforts that electricity became available for use in technology. Faraday was also the very first Professor of Chemistry at the Royal Institution of Great Britain.
34) Blaise Pascal – Blaise Pascal was a French physicist, religious philosopher, and great mathematician. Pascal was a child prodigy and was taught a lot by his father. Pascal’s contributions included: mechanical calculators, concepts of pressure, concepts of vacuum, and the study of fluids. In literature, Pascal is regarded as one of the most important authors of the French classical period. His name (Pascal) has been given to the SI unit of pressure, some programming language, and Pascal’s law.
35) Galileo Galilei - Galileo Galilei was a legendery astronomer, physicist, mathematician, and philosopher. He played a major role in the scientific revolution. His achievements include the first studies of uniformly accelerated motion, improvements to the telescope, and astronomical observations. Galileo has been called the “father of modern observational astronomy”, the “father of modern physics”, the “father of science”, and “the Father of Modern Science.” With his discoveries and studies, Galileo was able to display his brilliance.

36) Martin Luther - Martin Luther was a German professor, a monk, theologian, and church reformer. Luther’s theology challenged the authority of the church by stating that the Bible is the only infallible source of religious authority and that all baptized Christians are a priesthood of believers. According to Luther, salvation was attainable only by true repentance and faith in “Jesus as the Messiah.” His revolutionary ideas inspired the Protestant Reformation and changed the philosophy of Western civilization.
37) Robert Boyle - Was a natural philosopher, chemist, physicist, inventor, and early gentleman scientist. Boyle was largely known for his works in physics and chemistry. He is best known for the creation of “Boyle’s law.” Boyle is recognized today as one of the first modern chemists and one of the founding fathers of chemistry. One of his works, “The Sceptical Chymist” is viewed as a legendary book in the field of chemistry.
38) John Locke - John Locke was a phenomenal English philosopher. Locke’s ideas had a huge influence on the development of political philosophy and he is considered one of the most influential thinkers during the Enlightenment and one of the biggest contibutors to liberal theory. Locke’s influence is reflected in the American Declaration of Independence. Locke was the first philosopher to define the self through a continuity of “consciousness.” John Locke was an independent thinker and among the greatest philosophers.
39) Charles Darwin - Charles Darwin was a naturalist and geologist who proposed that all species of life have evolved over time. The fact that evolution occurs became accepted by the scientific community and the general public. Darwin’s scientific discovery remains the foundation of biology. Darwin is yet another great thinker of his time and his theories are still studied and discussed today.
40) Johannes Kepler - Kepler was a German mathematician, astronomer, and astrologer. He was a huge influence towards the astronomical revolution of the 17th century. Kepler is best known for his laws of planetary motion. His laws also provided one of the foundations for Isaac Newton’s theory of universal gravitation. Kepler is regarded as a man with revolutionary thoughts towards astronomy.
41) Napoleon Bonaparte - Napoleon Bonaparte was a political and French military leader who had a huge influence on European history. Napoleon was a general during the French Revolution, Emperor of France, King of Italy, and Mediator of the Swiss. Napoleon was a very intelligent military leader who used innovative tactics and strategy to help him win many battles.
42) Garry Kasparov – Garry Kasparov was a former World Chess Champion, writer, and political activist. Kasparov was a candidate for the Russian presidential race of 2008. Kasparov holds the all-time highest chess rating of 2851 and records for consecutive tournament victories.
43) John Stuart Mill – John Stuart Mill largely influenced British thought and politics in the 19th century. His large number of works include: texts in logic, economics, social and political philosophy, ethics, metaphysics, and religion. John Stuart Mill is recognized as one of the most intelligent men of his time and is regarded as one of the smartest men of all time.
44) Rene Descartes - Rene Descartes was an influential philosopher, mathematician, scientist, and writer. Descartes has been given the title “Father of Modern Philosophy,” and has contributed a lot to Western philosophy. His writings are still being studied today and he has had a huge influence in mathematics. Rene was a key figure in the scientific revolution and was able to share his incredible insights with others.
45) George Washington - George Washington was the first President of the United States, and lead the U.S. continental Army to defeat the British in the Revolutionary war. Washington is viewed as a symbol of the United States and republican party. He has been consistently ranked by citizens as one of the greatest presidents of the United States.
46) Miguel de Cervantes – Miguel de Cervantes was a Spanish novelist, poet, painter and playwright. He is one of the most influential and important people in literature and the leader of culture in 16th century Spain. Cervantes’ novel “Don Quixote” is considered a classic of Western literature and has been ranked among the best novels ever written. Miguel de Cervantes’ work is considered among the most important in all of literature!
47) Francois Marie-Arouet – Commonly known by the pen-name Voltaire, Francois Marie-Arouet was a French Enlightenment writer, essayist, and philosopher. He was known for his wit, defense of civil liberties, and philosophy. He was an outspoken supporter of social reform and was one of several Enlightenment figures whose works and ideas influenced important thinkers of both the American and French Revolutions.
48) Baruch de Spinoza - Baruch de Spinoza was a Dutch philosopher that was very proficient in science. Most of Spinoza’s work was not recognized until after his death. Today, Spinoza is regarded as one of the greatest 17th century philosophers. His work in philosophy laid the foundation for the 18th century Enlightenment.
49) Gottfried Wilhelm Leibniz - Leibniz was a German polymath who is regarded as one of the greatest philosophers. Liebniz invented calculus, and his version is widely used. He also discovered the binary system, the structure of modern computer architectures. He was, along with Rene Descartes and Baruch Spinoza, one of the 3 greatest 17th century philosophers. He also made major contributions to physics, technology, and made anticipations that surfaced much later in biology, medicine, geology, probability theory, psychology, and linguistics. Liebniz also wrote about politics, law, ethics, theology, and history.
50) Johann Wolfgang von Goethe - Johann Wolfgang von Goethe was a German writer whose works span the fields of poetry, drama, literature, theology, humanism, and science. Goethe was a key figure in German literature and the movement of Weimar Classicism in the late 18th and early 19th centuries. Goethe is the inventor of the concept of “world literature,” having taken great interest in the literatures of England, France, Italy, classical Greece, Persia, and Arabic literature. His influence on German philosophy is unparalleled and his influence has spread across Europe. Many of his works were a primary source of inspiration in music, drama, and poetry. Goethe is considered one of the most important thinkers in the Western culture and generally recognized as the most important writer in the German language.

Thursday, November 29, 2012

MANAGE YOUR SIM CONTACTs

Contacts on phone can be transferred to a sim by:
a. Phonebook that supports the copy to sim.
b. Backup services by service providers.
c. Other applications that supports sim contacts management.


On most of the android phones the option available is to import contacts thus the need to have an Android app that will manage sim contacts:
                   copy
                   delete
                    move e.t.c
commonly they are at the  PLay store     or you can visit this site APP BRAIN
copy to sim with ads for android:
donload link:                                      
    CLICK HERE!!!  to download.

The other option is using service providers support like the Contacts backup by Safaricom Kenya.
          SAFARICOM CONTACTS BACKUP SERVICE
 where username and password is gotten after you apply for the same via *100*6# which is only successful after downloading the application via mobile


For orange users :
.Orange contacts backup service



Iphone users follow the link for more................Redmond pie

Tuesday, July 3, 2012

youth Entrepreneurship and biz support

We are living in exciting times. Technology, globalisation and advancement in all fields has ushered a new age where lifestyle is going to be redefined. Internet has changed the face of the earth. It has managed to erase the borders and nationalities to bring all of humanity on one platform. Internet also provides unlimited opportunities to the youth for starting ones own business enterprise rather than seek jobs. Whether one is good in technology, trading, product development or any field, there are unlimited opportunities to build a successful venture if one has the entrepreneurial drive.
While recognising the need and the potential of Youth Entrepreneurship world over, ILO and other Agencies have begun to focus on establishing programs to help create, nurture and support Youth Entrepreneurship world over. The effort to encourage the YE culture has got to be done by the countries themselves.
In trying to address the YE program, several studies have been conducted to identify the areas where YE needs to be supported, identify the barriers to YE in the societies and to develop implementation strategies to help build Youth Entrepreneurship.
For a Youth Entrepreneur, starting an own business can be quite an overwhelming exercise. Though he or she might have a good business idea or identified opportunity, the lack of experience and exposure to business world can level them running around the pillar trying to set up a business organisation and get going. The challenges of starting a business are many. When an individual is starting an enterprise, he has got to handle all matters of organisation including administration, accounting, taxation, production, purchase, marketing and all jobs by himself. Having no previous experience, he has got to learn the ropes of the business and find out how things work. At this stage one needs help in the form of business support, mentoring and supporting network that can help him get going and learn the ropes faster too.
Apart from the other areas like finance, marketing, regulatory requirements and registration etc, where the Young Entrepreneurs are needed to be trained and assisted, they will also need support and assistance on how to get the business started and get going.
Lack of Business Contacts - In the start up stage, the YE is not aware of the suppliers and customers in the market. Identifying and understanding the procurement market and getting to know the customer markets can take quite a while. It is a lot easier if at this stage business specific support and information were to be extended through advisory bodies. Readily available information and industry contacts can make it a lot easier and faster for the YE to move ahead in setting up the operations and get going.
Business/Industry Specific Business Assistance
Every business has its own way of business operations and culture. Providing exposure to industry specific processes, introduction to the markets and suppliers including the common methodology and procedures of doing business can make it a lot easier for the YE saving a lot of his time. Such support can be made available through Government support agencies and specific Trade bodies with trained workers and researchers with experience.
Mentoring
If Young Entrepreneurs were to be provided access to mentors and experienced business entrepreneurs, it would help YE receive not only the practical guidance and wisdom to get going and avoid mistakes but their confidence as well as the speed at which they can move ahead in their business will be enhanced. The mentors have been there and done that and hence are in a position to guide the YE in the right way wherein costly mistakes and delays can be avoided and the YE gets to climb the learning curve faster.
In the mentors happen to be from the same line of business as the YE, then the value of such an association can be much higher for the Mentor can introduce the YE to the market and the industry and support in giving the leads.
Infrastructure Support
YE in the initial stages would require a lot of help in setting up an office and get started. Most often they lack the resources to fund for the basic infrastructure. Providing working space and common administrative support in the early stages can help the YE immensely for they not only save on spending the money on infrastructure and can invest into the business but they save time and effort in setting up the infrastructure support too.
SAYES Australia [South Australian Youth Entrepreneur Scheme] is a project sponsored by South Australian Business community which is designed to support the youth in the age of 18 to 30 years in their endeavour to become entrepreneurs. The entire business community is engaged in encouraging the youth build on their business ideas, provide the requisite training and support and mentor them. The youth has access to the entire business community and the network through SAYES. With selected Young Entrepreneurs, SAYES engages in mentoring, assisting in building the business plan and proposal as well as providing financial, legal and statutory compliance advice. They introduce the YE to the network of businessmen members in the industry and such contacts are of immense help to the beginners. SAYES also conducts business skills and other related trainings and conferences for Young Entrepreneurs. In some cases the agency also provides financial assistance depending upon the eligibility criteria and the business case.
In conclusion we can say that there is a lot that the business community and experienced veterans can contribute and lead the Young Entrepreneurs until they learn the ropes of the business. It is for the Youth to realise this and see value in receiving guidance.
Starting an enterprise with meagre resources and no background experience is very tough indeed. Government and other business networks have a lot to contribute and assist YE in getting started by means of providing common shared resources and infrastructure at affordable prices or free of cost.

youth unemployment

Youth unemployment is being recognised as one of the problems that could grow into global proportions in the coming years causing social and economical problems for the societies. Youth entrepreneurship is being look at as an alternative besides other methods of creating employment opportunities. However, there is a need for global recognition and promotion of Youth entrepreneurship on sustained long term basis for this field certainly holds a promising future.
Revolution in technology and the resultant growth in all fields and globalisation has impacted the World. Developing countries like India and China are growing rapidly both in terms of economic development as well as population. Growing economies provide ample opportunities for services and provide opportunities for entrepreneurs to set up small enterprises in different fields. There are huge opportunities for individual enterprise in IT Services, Financial services, Travel and Tourism, Food, Supply chain, Health care services and many more fields. While some country’s economies are not growing and the unemployment is growing, in the developing countries which are registering higher economic growth, there is no impetus for growth of youth entrepreneurship.

Reasons and Causes of Youth Unemployment & Entrepreneurship

  1. Socio-Cultural Factors as Inhibitors to Entrepreneurship
    In some of the countries the social and cultural outlook of the societies may not encourage initiatives and entrepreneurship. Many societies expect the youth to obtain education that enables them to get a job and earn salary to support the family. Economic compulsions too can push the families to encourage youth to look for jobs and not look at opportunities. In some cases certain caste or class of people are habituated to practicing certain occupations and thus entrepreneurship becomes a prerogative of certain sections of the society. Some other societies are risk averse and tend to play safe, while many communities believe in their children pursuing defence services opportunities or social service opportunities and so on.
    In societies where the incidence youth rebellion, revolt and violence is very high due to economic situation as well as due to the cultural outlook, youth may be wasting their time neither pursuing education that helps them gain employment nor trying their hands at hands at entrepreneurship in the face of too many obstacles and hurdles in the society.
  2. Economic & Political Factors
    Economies which are not growing are grappling with huge unemployment problems and this is affecting the youth too. When the economy is down and the business is not doing well, there will be no opportunities for small entrepreneurs to provide services to support the economy and business.
    Political will and focus to focus on youth in the country and to create a positive environment that encourages youth to dream and work towards realising their dream is very much necessary in any society. It is the political will that can spearhead the Youth revolution. Absence of stability in the political situation of the country and the political party’s outlook towards this area can make or break the youth entrepreneurship’s growth.
  3. Policy framework
    Government policy and framework in the country helps identify and build the base for youth entrepreneurship. The policies need to encourage and provide opportunities as well as assistance and environment to give impetus to youth entrepreneurship and have got to be implemented at national, regional and local levels. Policy directives will need to engage the business, banking, educational and other sectors to be able to deliver definitive steps to encouraging and aiding youth entrepreneurship. Lack of such policy framework can hinder the growth and initiative in the youth.
  4. Industry Support & Patronage
    In any industry, it is largely the business sector that provides opportunities for support services and creating new networks of business enterprises. Similar to their role in social responsibility, Industry can create a very strong platform to help develop the youth and give them the support and guidance as well as opportunities to the youth. In society where the industry enterprise is not very significant or not very active, there can be no encouragement for youth entrepreneurship.
  5. Education System & Orientation
    In most of the countries today the education system is geared to enabling the youth to pass out with their qualifications based on academic knowledge and prepare for seeking a job. There is little or no focus on building and equipping the students with leadership, building awareness and giving them training for entrepreneurship. Of late there is a trend to introduce specialised courses and training modules on entrepreneurship in many of the universities. In most cases the students do not attempt to think out of the box as they are not equipped with the necessary skills.
  6. Finance & Business Support
    One other biggest hurdle faced by each and every entrepreneur is the lack of financial backup and funding as well as guidance required to incubate new business. Most often those who attempt to start any enterprise do so borrowing from family and friends and dipping into their saving. After a while the business starts to suffer due to lack of funds and they end up in a debt trap. Banking and financial assistance should be made available easily and this can happen only with the active support and engagement by the Government. Nowadays venture capitalists are funding new enterprises. However this is available to very few and not to the larger sections of the society.
this happens in most of the Ldc's and in countries swallowed up by politics with minimal leader ship skills

youth entrepreneurhip

Youth is the Future of every nation & inheritors of the earth tomorrow. This statement stands true in every sense. When a country has a healthy youth population, you will find the country making headway in terms of overall development and progress. A country with high aging population and lower youth population has a lot of problems to content with that can slow its growth.
The world today has transited into a ‘Technology Era’. Technology has enabled progress in all fields and all societies. Technological revolution has changed the face of lives of people bringing healthcare, information and connectivity to even the most remote areas that were hereto isolated.
Globalisation has brought countries together and created entire world market. We are seeing a lot of changes in the international political map of the world. Countries are beginning to show determination to move from the old age monarchies and dictatorial regimes towards democracy.
Progress and challenges go hand in hand. One of the major challenges faced by most of the countries in the world today is to do with Youth unemployment. The overall unemployment rate is growing at an alarming speed. Amongst the unemployed, the unemployment of youth seems to be alarming. The current global youth population is estimated to be at 1.5 billion of which 620 million are employable and ninety percent of this population live in developing countries. Countries like India and China have a fast increasing youth population and the rate of unemployment too is rising rapidly. As per ILO’s prediction approximately 660 million youth will be seeking employment by 2015. The youth unemployment is higher measuring up to 50-60% in Asia.
The above figures stand to reveal the fact that Global youth unemployment could boomerang to become a global crises causing social and economical impact on all countries besides pushing the economies and progress backward. Though every government as well as World Organisations do frame policies and promote schemes as well as funds to promote youth employment programs, the quantum of such effort is negligible when compared to the huge numbers.
Governments are focussed on looking at framework and strategies to creating new jobs and increasing employment rates. However there is an urgent need for the policy makers to look specifically at the Youth unemployment and related issues. In some of the countries youth entrepreneurship is being recognised as a promising alternative and is being actively promoted by various agencies. If promoted actively, Youth entrepreneurship can help sustain growing economies; integrate youth into the workforce besides leading to overall development of society.
Entrepreneurship in any society is a sign of progress. The IT business in US has been the bedrock for youth entrepreneurship and created stars and multi-millionaires in Bill Gates, Steve Jobs to Google’s Sergy Brin and Larry Page and many more. There are similar such stories in other countries too. However, the need of the day is to create many more stars and make available the opportunities for every youth to dream big and try their hands at entrepreneurship.
Youth entrepreneurship has an impact on social as well as cultural and economic progress of the society. Building an environment that promotes creatively and provides opportunities for entrepreneurship calls for multi pronged strategies implementation and involvement at all levels including Government, industry, political, social as well as educational sectors.
Working towards Youth Entrepreneurship programs can help solve as well as avoid a lot of problems that are currently staring at the countries and pave way for a better future and progressive societies world over.