| However, the jobs available in comparison to the | | | | she deems fit. Nobody questions them and the |
| number of graduates fighting for them are | | | | regulatory authorities are not even bothered |
| certainly on a parallel level. An alternative measure | | | | about it. Office spaces, shops are paid at |
| "entrepreneurship" is gradually filling in the jobless | | | | exorbitant prices, and some landlords only resort |
| spot. Graduates are being encouraged even by | | | | to the law courts when they seek to evict a |
| the government to become economically | | | | de-faulting tenant who owes arrears of rent. |
| independent. Many have delved into the business | | | | Due to financial constraint, entrepreneurs find it |
| terrain, ranging from owning hair dressing salons | | | | difficult to successfully market and expand their |
| barber shops, beauty/makeover/nails/dance | | | | business. Adverts which are needed to create |
| studios to fashion outfits, events planning and a | | | | awareness of services/products, either rendered |
| host of others. | | | | sold are virtually impossible to resort to, as a |
| The bane of the problem an entrepreneur has is | | | | result of the high cost of publicity pegged down |
| ‘access to funds' which is a critical factor in | | | | by the media (electronic, print) which happens to |
| the birth and growth of the business. A lot of | | | | be the most effective way of publicising one's |
| youths have great ideas to set up wonderful | | | | business within our shores. However, with the |
| businesses but lack the financial power to execute | | | | internet and use of business/social networking |
| such. Contributions from colleagues, relatives, | | | | sites, that might just help with the publicity angle. |
| family, friends is really hard these days to get. | | | | Young entrepreneurs have to compete with the |
| Banks are very un-cooperative, demanding for | | | | already established companies (Blue chip and |
| collaterals, when majority don't have such!. The | | | | otherwise) who are already well known and have |
| story is not really quite different from the | | | | funds to woo the public to buy their products. |
| microfinance banks, even though theirs have less | | | | The power of "brand name" certainly comes into |
| stringent conditions imposed on borrowers. | | | | play. These companies have carved niches for |
| Although the government prides itself in a few | | | | themselves which indirectly tilts the buyers choice |
| youth empowerment projects it has executed in | | | | in their favour above others even though yours |
| other to create jobs for the unemployed, a lot still | | | | might end up being better. |
| has to be done to help young entrepreneurs who | | | | Some young entrepreneurs to cushion the |
| might out of frustration, join the "brain drain | | | | economic effect have gone into partnership deals |
| move" to seek greener pastures. | | | | with more experienced business minded men |
| Erratic power supply from PHCN (formerly NEPA) | | | | women. Those who want to watch their business |
| has affected young entrepreneurs who have to | | | | grow have attended various business seminars, |
| keep the business running with fuel on a daily | | | | workshops, leadership courses, luncheons, joined |
| basis. This unprecedented lapse now adds to the | | | | social clubs and on line business/social networking |
| expenses incurred which could have been | | | | sites. I believe that great things start from small |
| averted, had the government put the proper | | | | beginnings, so start now and don't give up on |
| machinery in place. Solar power is gradually | | | | your dreams. Outstanding blue-chip companies all |
| becoming another alternative to getting power | | | | once started with an idea and overcame |
| supply. "High cost of Rent" has become another | | | | challenges within the business terrain. Don't give |
| major set back for young entrepreneurs who | | | | up! who knows whether your services/products |
| battle to pay it as charged by greedy landlords. | | | | might just be what millions of people have been |
| The landlords arbitrarily increase rent at will as he | | | | waiting to solve their problems. Who knows? |