Understanding the importance of education, numbers of people have started enrolling into schools and colleges these days even in rural areas. Out of these literate bunches, only few choose to stay back and explore the possibilities in the country. Rest goes to abroad and secures their future even by doing every kind of work that they call not-my-type in their home country. Even the selected youths who choose to stay back searches for the right jobs to earn for their livelihood. But these youths never think that they themselves can create jobs and help uplift the economy of the country.
According to working paper of ILO, more than 1 billion people are between the age of 15 to 25. Eighty five percent of these young people live in developing countries. In Nepal, 300,000 people enter the job market every year out of which most are youths. The disability to address the solution of unemployment problem in the country has led the youth to land in foreign countries both for work and quality education. However, these migrant workers have benefited the national economy through remittances. According to the Central Bank, Nepal has received Rs. 38.4 billion in the second month of the current fiscal year which decreased than last year due to weak global economy. The government data shows that around 294,094 Nepali migrant workers left for the destination countries in the last fiscal year. Nepal cannot rely on remittances only but start looking for alternatives that is promotion of entrepreneurship inside the country as well.
The lack of knowledge about the entrepreneurship has led the youth to be job seekers rather the job creators. People think they can start their business only after having enough experience and money for investment. What they don’t realize is that only an innovative idea and its initiation is required to start their own business. Entrepreneurship is all about making 1000 from 1. However, the story of few successful young entrepreneurs can be an inspiration for my reader.
Usha Gurung of age 24 has been successfully running three businesses currently. She has a clothing store, Pink, a b-boy dance institute and a bingo parlor. She started her business at the age of 14 with Rs. 5000 given by her father. She bought clothes from Khasa and sold it to the shops of Kathmandu. With the profit she made, she opened a shop in Nayabazar. After completing her SLC, she went to Bangkok and the clothes she brought from there were sold to the retailer shop in Kathmandu. Though she couldn’t study after SLC due to financial problem, with the business in her mind at the very early age, she now owns a big shop in Durbarmarg along with other two businesses.
Similarly, a 23 year old Sushant Shrestha works in a clothing shop with a few of his friends in the crowded street of Thamel. They create exclusive and customizable designs to suit every type of customer and then emboss them on the spot. Instead of working under someone else, he is earning for his livelihood with his imagination by creating different designs in clothes.
Despite the political and financial factors, they were able to become young entrepreneurs while we keep on complaining about the situations that restrict us to be the one. All we need is the zeal and commitment towards what we decide to do. Youths are considered as the backbone of the nation. If these youths opt to go to foreign land, then who will lead the country?
According to a study by UNDP, the South Asian youth entrepreneurs have to face more challenges compared to their counterparts in the world. The study said the challenges that youth have to face are lack of skilled manpower, financial resources, management skill and low profit rate, unfriendly government policies, etc. Nevertheless, these challenges can be minimized if we start working from the grass-root level. For this, entrepreneurship should be taken as a serious issue for economic growth. Education system should include this subject as a core one that can help to build entrepreneurial mindset and attitude for students. Awareness about the Small Enterprises to be self employed is required. Not only the literate people but also the uneducated ones should be made aware of these skills through trainings and counseling. Young people can be source of growth and development; this should be understood by all. Besides, successful entrepreneurs should act as mentors to help foster the entrepreneurship by supporting the beginners through guidance about the tricks of business world and with financial support as well. Hence, if these things can be implemented, then Nepal is not far to go ahead with its economic development.
4 comments:
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