Growing up, we dreamt of being doctors, lawyers, bank managers, pilots, etc. In line with this, we picked courses that would enlighten us more on the paths we wanted. We invested huge sums of money and time to make our dreams realities. Youth, Our solution is business.
Trudging on, we met a dead end as our toils and sweats yielded nothing. For some of us we could not financially make it to the tertiary level, for some we made it with degrees and masters but got no jobs or got jobs which were below our qualifications.
When the world we live in rotates in favor of those who have connections in high places, got rich parents, or knights in shining armors, what can the “less privileged” do? Does that mean the dreams we have died? Most certainly not!
We have the likes of Kwame Despite, Dr. Thomas Kofi Aboagye popularly known as Obibini Blackman, and a lot more who had sad stories but resolved not to be burdened by them but rather rewrite their stories through business; entrepreneurship.
Thankfully, we have the privilege of having them in our midst where we can draw inspiration from their lives and also make a difference. We have them on our various social media platforms where we have the opportunity to follow them, hear them speak on shows and on the radio, and pick a point or two from their success journey.
Now according to the statistics provided by the World Bank, Ghana has been ranked the 7th country with the highest rate in cybersecurity crime, and about 48% of the youth, unemployed.
The obvious situation has led the youth into despicable acts and has produced a redundant economy. We can only stop this if young individuals have the education on the basics of entrepreneurship and taught the value that comes with it.
What is entrepreneurship?
Entrepreneurship is providing solutions for problems at a profit. Essentially, everything we are enjoying now is someone’s business. From the top-notch brands we wear like Gucci and Prada, to the delicious delicacies we munch on, like KFC and Burger King to the various social media platforms we catch up with friends on such as Instagram and WhatsApp. Even the easy movement we experience with Uber and Bolt is as a result of a business someone built.
Starting a business may seem intimidating, but it is a challenge that will equip you with skills, administrative wisdom, and enhance your abilities for years to come. The point is not necessarily to create a business worth millions but to have an establishment that will increase you in capacity and create a fluid flow of income for sustainability.
In view of this, there are four distinct types of entrepreneurial organizations; small businesses, scalable startups, large companies, and social entrepreneurs. They all engage in entrepreneurship.
These are businesses relatively smaller than a regular-sized business. This kind of business has fewer employees and less revenue or income. This type does not need a huge capital to get running, it just needs a determined, systematic person with proven ideas to erect the company. An example of a small scale of business is selling clothes online and graphics/ branding.
These are companies that can handle high consumer demands and increase their profit margins alongside. They are not weighed down by the same sales-cost growth, instead, as sales increase, costs stay flat, allowing for higher levels of profit over time. Examples of such businesses are Twitter, McDonald’s, Instagram.
Large Company Entrepreneurship can be defined as organizations that have a solid set of life cycles. There is a solid involvement of sustaining innovation providing new sorts of products. It includes customization in customer tastes as well as dealing with new competitors. Examples are Google, Samsung, Microsoft
Social entrepreneurship is an approach by individuals, groups, start-up companies, or entrepreneurs, in which they develop, fund, and implement solutions to social, cultural, or environmental issues. This concept applies to a wide range of organizations, which vary in size, aims, and beliefs. Examples are Microfinance institutions, Educational programs for underserved communities.
Also, we are born with talents which is a great loop for generating money. As individuals, we have to constantly increase in creativity, grow our skills, increase our knowledge in branding, overcome that fear of having to start all by one’s self and we are good to go.
All the rich men we hear of never made it by depending on salaries alone. They started a business. Let’s look around us, there are many things we can do to generate money. The problem with the youth these days is that they are refusing to use their creativity, talents, intelligence, and skills. want the easy way out of everything.
They would rather “waste” their resources and talents to grow another man’s business just because they get to wear a white collared shirt and sit in an office. We would rather contribute to the growth of the companies they work in than create something on their own.
If you can sing, create an account on YouTube and get people to follow you, that is a good and legal way of making money. When you are good at cooking, start writing proposals to companies to start providing them with lunch at a cost. Also, if you are good at writing, create a blog, and start earning. If you are good with the camera start a photoshoot and take money for it.
There is no harm in starting small, it rather builds your confidence and helps you grow your skills. It makes you grow in wisdom and enriches your knowledge.
Having this mindset, we can curb over dependency, poverty, joblessness and redundancy. The youth is capable of this if only he or she psyches up the mind for it. There is nothing impossible in life once the mind and the heart is determined.