Here - Start-up Kashmir!
Here - Start-up Kashmir!
Here - Start-up Kashmir!
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of <strong>Kashmir</strong>i companies will create badly needed private sector jobs. As in other economies,<br />
opportunity-driven entrepreneurs in <strong>Kashmir</strong> tend to be higher-impact. In light of the escalating<br />
unemployment rate and the need to strengthen the <strong>Kashmir</strong>i private sector, there is<br />
great urgency and real potential value in identifying, s<strong>up</strong>porting and investing in potential<br />
high-impact youth entrepreneurs.<br />
Given the acute lack of employment opportunities in <strong>Kashmir</strong>, necessity is obviously one<br />
of the drivers for youth entrepreneurship. Many young people are pained by the lack of options<br />
to earn a living. As one young <strong>Kashmir</strong>i related to us during a Focus Gro<strong>up</strong> Discussion<br />
(FGD): “Youth in <strong>Kashmir</strong> are talented, full of potential and have fertile brains. <strong>Kashmir</strong><br />
is a land of opportunities that needs to be explored. But we feel helpless and find no doors<br />
open to us.” Like other societies that have been affected by conflict, <strong>Kashmir</strong>’s economic<br />
environment has limited options for earning a living and necessity is a part of life. The<br />
weakness of the private sector further limits avenues for investment and the opportunities<br />
for youth to gain experience and exposure to business. There is no reason why necessity<br />
cannot be turned into an opportunity for <strong>Kashmir</strong>i youth entrepreneurs – as the proverb goes<br />
“necessity is the mother<br />
of invention.” For thousands<br />
of unemployed<br />
youth in <strong>Kashmir</strong>, entrepreneurshippotentially<br />
represents a noble<br />
and rewarding path out<br />
of idleness and despair.<br />
Ultimately, every <strong>Kashmir</strong>i<br />
youth entrepreneur<br />
in action focuses on<br />
identifying and seizing<br />
business opportunities.<br />
What these youth start<strong>up</strong><br />
entrepreneurs need is<br />
a s<strong>up</strong>portive ecosystem<br />
that can help them unleash their potential and create value.<br />
Motivations for Young <strong>Kashmir</strong>i Entrepreneurs<br />
Personal attitudes, preferences, income levels, educational levels, personal interests, networks,<br />
are all factors which guide and motivate young <strong>Kashmir</strong>i entrepreneurs. Recognizing<br />
these motivations and their interplay is crucial for understanding and stimulating youth<br />
entrepreneurship in <strong>Kashmir</strong>. Our interaction with and study of dozens of young entrepreneurs<br />
in <strong>Kashmir</strong> revealed a plethora of reasons that personally motivated them towards<br />
self-employment. Some of them being: to be one’s own boss, to earn a livelihood, identification<br />
of an exciting market opportunity, to take on a challenge, passion, to innovate, to<br />
contribute to <strong>Kashmir</strong>’s economic rebirth, to give life to an idea, as a last resort or compulsion<br />
(majboori), to become rich, to serve society, to add value, for adventure, to survive, to<br />
s<strong>up</strong>port their parents and family, and to continue family traditions. We have observed that<br />
many youth in <strong>Kashmir</strong> were inspired to become entrepreneurs by family members and/<br />
or friends who were already engaged in business. A young person’s unique skills or talent<br />
also seem to have served as a motivator for starting a business in <strong>Kashmir</strong>. For example, we<br />
have interviewed many <strong>Kashmir</strong>i youth who had technical skills in IT, web and/or graphic<br />
design who started-<strong>up</strong> companies that now offer these services.<br />
Youth Entrepreneurship in <strong>Kashmir</strong>: Challenges and Opportunities