Entrepreneurship
Youth Empowerment
What is Unemployment?
Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this group are those people in the workforce who are working but do not have an appropriate job. Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators of a country’s economic status
Youth Unemployment and Causes- INDIA
The Caste System
- The caste system, a structure of social stratification that can potentially pervade virtually every aspect of life in India is a major factor in generating unemployment
- In some locations, certain kinds of work are prohibited for members of particular castes. This also leads to the result that work is often given to members of a certain community, rather than to those who truly deserve the job those who have the right skills
- The result is higher levels of unemployment
Inadequate Economic Growth
- Indian economy is underdeveloped and role of economic growth is inadequate
- This slow growth fails to provide enough unemployment opportunities to the increasing population
- This means that as the population increases, the economy cannot keep up with demands for employment and an increasing share of people are unable to find work. The result is insufficient levels of employment nationwide.
Increase in Population
- India’s population is predicted to exceed China’s by the year 2024; it will, furthermore, probably be the most populous country for the entirety of the 21st century.
- As the country’s economic growth cannot keep up with population growth, this leads to a larger share of the society being unemployed
Agriculture is a Seasonal Occupation
- Agriculture offers unemployment for a large segment of the population, but only for several months out of the year.
- The result is that for a considerable portion of the year, many agricultural workers lack needed employment and income
Loss of Small-Scale/Cottage Industries
- Industrial development has made cottage and small-scale industries considerably less economically attractive, as they do not offer the economies of scale generated by large-scale mass production of goods.
- Oftentimes the demand for cheap, mass-produced goods outweighs the desire for goods that are handcrafted by those with very specific skill and expertise.
- The result is that the cottage and small-scale industry have significantly declined, and artisans have become unemployed as a result.
Low Rates of Saving and Investment
- India lacks sufficient capital across the board. Likewise, savings are low and the result is that investment—which depends on savings—is also low.
- Were there higher rates of investment, new jobs would be created and the economy would have kickstarted
- Also, there is lack of investment in rural areas and tier 2 and tier 3 cities as well, as a result of which there is exists large untapped employment potential
Ineffective (or absent) Economic Planning
- Problematically, there have been no nationwide plans to account for the significant gap between labor supply (which is abundant) and labor demand (which is notably lower)
- It is crucial that the supply and demand of labor are in balance, to ensure that those who need jobs are able to get them; otherwise, many individuals will compete for one job.
Labor Immobility
- Culturally, attachment and maintenance of proximity to family is a major priority for many Indian citizens. The result is that people avoid traveling long distances from their families in pursuit of employment.
- Additionally, language, religion, and climate can also contribute to low mobility of labor
- As one might expect, when many of those who might otherwise be suited to jobs are unable to travel to reach them, unemployment is magnified
Job Specialization
- Jobs in the capitalist world have become highly specialised, but India’s education system does not provide the right training and specialisation needed for these jobs. Thus many people who are willing to work become unemployable due to lack of skills.
Lack of essential skilling
- A study reveals that 33% of educated youth in India are unemployed due to a lack of future skills
- Millions of students in our country even after finishing schooling, remain devoid of hands-on learning and robust practical knowledge.
Youth Unemployment and Causes- INDIA
Youth Entrepreneurship Building Skills
Encouraging the Youth to become entrepreneurs has a lot of advantages in terms of solving problems of unemployment in the economy as well as paving way for the innovation and growth of the country too. Understanding the need to creating and nurturing Youth Entrepreneurship, many countries have taken up strategic initiatives and implemented plans aimed at imparting Entrepreneurial skills and knowledge through education.
Entrepreneurship Awareness Building
Entrepreneurship is all about being a visionary self starter leadership, one who is able to identify opportunities to offer solutions in the form of product, technology, process or service to fulfil a need and thereby gather and employ all necessary resources including manpower, finance, technology, infrastructure and others to build a successful enterprise in the chosen area of business.
Being an entrepreneur calls for a lot of grit and determination as well as ability to take calculated risks as well as responsibility. Leadership calls for the ability to find workable solutions and crossing all hurdles to reach the goal without getting bogged down. An entrepreneur carries a vision not only of making profits but has a larger vision of creating jobs, helping people develop their potential, contributing to the society and at the same time ensuring the growth of his or her organisation and the people connected.
At the initial stage, one might have an inclination towards becoming an entrepreneur. But normally the students will not have an idea of what it means to be an entrepreneur. Such an awareness program educating them and introducing the concept of entrepreneurship in schools and colleges as well as through dedicated training programs help the youth make up their minds to pursue entrepreneurship as an option to a career.
Entrepreneurial Building
Being an entrepreneur calls for playing a multi disciplinary and multi functional role in managing one’s enterprise. A successful entrepreneur is able to not only identify business opportunities, but is enterprising in his approach to developing the business opportunities into successful business enterprise. This calls for thinking out of the box and extraordinary leadership, creativity, foresight, ability to think ahead, ability to create options, ability to gather resources, manage resources to achieve the target as well as negotiate and solve problems both internal to the business as well as with external environment. Being enterprising is an attitude of the mind. A good entrepreneur looks not only at his success, but the success of his organisation as well as of the team that works with him. Entrepreneurship is also about being able to attract the best talent, to provide leadership and guidance to grow and nurture the talent, manage and harness the talent pool too. Through training one who has a basic initiative towards entrepreneurship can be moulded to become a successful entrepreneur. Ability to think creatively, looking at the macro and micro environment as well as options, negotiating with alternatives and managing processes on all fronts without losing out on the vision can be sharpened through Entrepreneurial training.
Personal Empowerment Skills
Personal empowerment and development is necessary for every individual and most importantly for an entrepreneur. These skills apply to one’s ability to perform in his |her work area. One needs to have the specific job function or technical skill to pursue a particular vocation but along with the functional skill and knowledge it is the personal empowerment of the individual that helps him succeed in the enterprise.
Personal Empower skills training imparts mind training to the entrepreneur, helping him learn to focus, concentrate, analyse and be objective in his thinking. Positive thinking, learning to be assertive and affirmative as well as being balanced in thinking at all times, being calmly active, ability to manage stress and work under pressure are some of the skills that are a must for every successful entrepreneur.
An entrepreneur is also a leader. Through training he can develop leadership skills as well as groom oneself and build a positive image as well as enhance one’s self esteem. Personal development in the areas of self discipline, time management, being self-motivated and enthusiast are very essential for a young entrepreneur who is making his foray into business. All these skills can be learnt through specific training.
A good leader is assertive and at the same time able to motivate and encourage the others too. He has got to have excellent listening skills, patience & wisdom, emotional intelligence and more importantly a Win-Win attitude towards life and work.
A entrepreneur who is able to think big for oneself and for all of his team and take the entire organisation to reach the heights and realise their potential is a successful individual too. To become a good visionary entrepreneur, training helps for it helps sharpen his abilities, build additional skills as well as make him bring out his true potential too.
Students/Graduate – Challenges
Common Challenges OF Students
- Fresher- No prior job Experience
- Lack of clarity about career
- Lack of Job opportunities
- Lack of Soft Skills
- Unrealistic Income expectations
- Government Job Mindset
What skills do graduates need?
The top ten skills graduate recruiters want
- Commercial awareness (or business acumen) This is about knowing how a business or industry works and what makes a company tick. …
- Communication
- Teamwork
- Problem solving
- Leadership
- Organisation
- Perseverance and motivation.
- Ability to work under pressure.
Where you will learn all these skills.. any idea..
No company wants to hire fresher..
Should you dependent on single source of income..???
Till the time you are searching for JOB.. there is one industry in this world where you can learn all these skills and the best part is you will Earn while you learn.
EARN WHILE YOU LEARN through YOUTH EMPOWERMENT
Common Challenge of House wife
- Lack of personal identity
- Financial dependency
- Lack of opportunities
- In spite of having talent/ Education- Not able to utilize it because of house hold chores
If it’s hard being a woman entrepreneur in India, it’s probably doubly hard being a member of that growing community called ‘mompreneurs’. The women who progress from mother to startup founder are in a class of their own.
From changing diapers to writing business plans, these moms are taking on the world and showing how it’s done. According to this article, mothers constitute 11% of all women entrepreneurs in the country. Most of the successful women entrepreneurs we know today, from VLCC’s Vandana Luthra to Shahnaz Husain, are mompreneurs too.
Here are some of the benefits of becoming a mompreneur.
1. Boost your self-esteem
Most women have had to give up or cut back on their career plans when they become a mother. For a lot of moms, who derived a sense of self-esteem and confidence from their career, it can be devastating to have to give that up.
Becoming a mompreneur and managing your own startup, whether it is a tuition class or a boutique, or an IT company, can restore a lot of their self-esteem and confidence and give them a sense of purpose aside from their family. For moms who love to work, it restores their sanity to have a new focus.
2. Enjoy financial independence
In an uncertain world, where divorce is becoming ever more common, it doesn’t make sense to depend on one’s spouse to be a provider for life. For women, it is ever more important to have one’s own source of income and to become independent in every way.
Becoming a mompreneur is one way to ensure that your interests are taken care of and that you have an income for life, spouse or not.
3. Make your own rules
As a mompreneur, you don’t have to follow the rules that are rigged by generations of boys clubs in the corporate world. You can be the CEO of your own company and have people working for you. No longer will you have to move up the ladder one step at a time, or playing office politics to get ahead. You can be top dog right away, running your own establishment and making your own rules along the way.
4. Set your own work times
For a mother, it’s a blessing to be able to set your own work timings, working when the kids are asleep or at daycare, not having to ask anyone for leave whenever your kids are sick. Being a mompreneur is probably the best way you’ll be able to pull that off.
5. Better work-life integration
Nowadays, the focus is less on work-life balance and more on work-life integration, where we integrate work and family to give the best of ourselves to both of these crucial aspects of our life. As a mompreneur, it’s much easier to integrate work into your family days, especially when you have to push that Skype call with a client to after the kid’s bedtime.
If you play it right, you can have the best of both worlds. You can be there for your kids when they get home from school, and catch up on work when they’re doing their homework or playing with friends.
So if you’re planning to become a mompreneur, don’t let anything stop you from following your dreams.
Learn How to become Mompreneur without Disturbing your Family Life