Entrepreneurship Potentials and its Role for Youth Livelihood Development
Abstract:
The
potentials of entrepreneurship for unlocking youth-led livelihood development
was explored in 5 districts of Sierra Leone, West Africa. Interviews,
questionnaires, focus group discussion, and field observation were used to
collect data. Reports and different literatures were also reviewed. The
analyses of the survey indicated that entrepreneurship has a great potential in
creating employment opportunities for young women and men. Poor microfinance
services, inadequate policies and strategies along with low level of
enforcement and poor infrastructure account as the major problem contributors
to the low levels of entrepreneurship employment opportunities for the youth in
Sierra Leone. The study also revealed as entrepreneurship development has a
great alternative potentials which could help to reduce the present youth
unemployment rate in the country. Offering credit facilities, business
management skills, mentorship and coaching services to young enterprise
operators and creation of the enabling environment (reinforcing of policies and
strategies) for entrepreneurship are identified as the major contributors for
entrepreneurship related employment opportunities.
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