How Entrepreneurship Empowers Youth?
Published on: 28.03.2019
Teaching entrepreneurial skills to young people is a solution to the high unemployment rate among youth worldwide. At the same time, it helps to pave the way to meeting the Sustainable Development Goals.
Youth living in poor countries, disconnected communities, conflict areas can help generate economic growth and sustainable wellbeing if they have access to entrepreneurial skills.
According to the World Economic Forum one in five people aged 15-34 is unemployed, not engaged in formal education or training.
Data from the World Bank confirm that the total youth unemployment rate, labor force ages 15-24, in 2018 was 13.23percent.
The Youth Citizen Entrepreneurship Competition strongly encourages youth entrepreneurship as crucial to achieving the SDGs.
Youth have to be empowered with the necessary skills and motivation to spark innovation and economic growth. The members of the Entrepreneurship Campus have the opportunity to gain an entrepreneurial mindset through free online training.
Eight different lessons by Professor Gunter Faltin’s book ‘Brains versus Capital’ provide simple and smart answers to questions often considered difficult.
Lesson by lesson, the user starts to build the right mindset and to think like an entrepreneur.
They understand how problems can turn into solutions or even how innovation is easier when some main factors are taken into consideration.
At the same time, they have the opportunity to apply all the knowledge in a real idea or projects and compete in the Youth Citizen Entrepreneurship Competition. The platform is based on the spirit of cooperation, which means that the contestants help each-other.
They share ideas and experience while getting a taste of the entrepreneurial life. The latter is not easy. The young wannapreneur needs to master a set of different skills including finance, business plans, tax administration, and especially marketing.
The contestants learn how to market their ideas and projects during the voting stage. They have to make the entry known to as many people possible and to convince them to vote, not only once, but many times.
It sounds tough, but that’s the entrepreneurial life.
Many of the contestants manage to successfully convert their ideas into real products and services because they determined to solve a social cause.
You too can be one of these young changemakers. Join the movement!