With record unemployment, fostering small business development is essential

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

For this strategy to succeed, enabling policies and support systems must be established to help entrepreneurs overcome the significant barriers they face

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Empowering the unemployed to start their own small businesses, or to partner with others in entrepreneurial ventures, can be a powerful tool for economic revival.

With few large-scale projects on the horizon that could create millions of jobs, a possible solution may lie in fostering small business development. But, for such an initiative to be successful, the requisite support structures must be in place. Without this, many small businesses may fail, leaving the unemployment crisis unresolved.

Therefore, a networked approach to supporting small businesses should be prioritised from a sustainability standpoint. ESD programmes and initiatives should not only benefit the sponsor but also create networks of businesses requiring similar services, thereby fostering a more resilient ecosystem. For example, rather than a small business relying solely on one large corporate client, it could be connected with a network of companies that require similar services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Botched Amazon return tanks small businessAn Amazon success story went South when one negative review involving a previously returned product sent sales plummeting.
Source: mybroadband - 🏆 11. / 67 Read more »

Got Game? Western Cape small business incubator launchesThe Africa's Got Game small business incubator and digital hub has launched in the Western Cape, for the good of local entrepreneurs.
Source: htxtafrica - 🏆 42. / 51 Read more »