Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...

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13.1 Other regulative barriers: The following regulations have been serious barriers to set up my business:very serious serious less No don‘tserious barrier knowa. Taxation regulations (unsupportive, too complex or arbitrary)b. Tax level ( far too high for young people)c. Bankruptcy laws (very/disproportionatelypunitive to business failure)d. Property, copyright and patent regulations(poorly enforced or too strict)e. Competition law (e.g. restricted market access)f. Subsidy policy (e.g. disadvantaged throughsubsidies for competitors)g. National trade policyh. Other: …………………………………………………………………...14.2. Have you benefited from any government promotional programme/policy supporting business ventures (ofyoung people)? What have been the advantages and the drawbacks of the programme?………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………14.3 How should the regulatory framework in your country be improved in favour of young entrepreneurs? Whichkind of government support would have been (or would be) valuable for you?………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………112
15.0. Start-up financing15.1. What kind of start-up financing, if any, did you obtain?a) money (borrowed) from family or friends or personal contactsb) credit, loan, leasing, insurance(s,. seed funding or subsidies (from the government, banks, micro-creditinstitutions, cooperatives, NGOs or other financiers?)………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………15.2 What are your negatives and positive experiences regarding the access to start-up financing?Was it rather easy or difficult to obtain financing?What have been the major impediments to obtaining start-up funding? (e.g.: nocollaterals/assets/guarantees – strict credit-scoring methodologies/regulations – high interest rates andfees – complex documentation procedures – no legal status of enterprise (informal sector), etc.………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………15.3. In your opinion, what measures could improve the access to finance for young entrepreneurs?………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………16.0. Education, skills and training16.1. How has education influenced your entrepreneurial career?The educational institutions I attended:strongly supported my entrepreneurial careerinfluenced my entrepreneurial career positivelyhad a negative influence on my entrepreneurial careerimpeded my entrepreneurial careerhad no influence on my entrepreneurial career16.2 . Looking back to your education, which experiences have been particular useful/valuable or worthlessfor your business career?………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………113
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Promoting Youth Entrepreneurshipin
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3.6 CNA Results: ..................
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List of TablesTable 1: Logical fram
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ACKNOWLEDGEMENTThis dissertation co
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1.0 PROBLEM STATEMENTThe impact of
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During the early years of independe
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The main purpose of this literature
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loans due to the high interest rate
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Gambia and Nigeria in West Africa,
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Two are highlighted here as the mos
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successfully launching a new enterp
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demand economic growth including ma
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skills training to young men and wo
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Treating youth as ‗clients‘ and
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students‘ personal environment (p
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children to go into businesses. The
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the experience to know all these re
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3.0 COMMUNITY NEEDS ASSESSMENT REPO
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forms which cover areas such as mot
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fashion, poultry, fish farming, tra
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This study targeted both the employ
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Total 20 100%Figure 12: Type of fam
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Majority of the respondents are ope
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Figure 21: Factors the influences e
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3.8.3 Important de-motivating facto
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The response here is very diverse.
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• It is helps to determine the ne
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4.0 Project Description4.1 Host Org
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emerged ( morecreative, less riskav
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selection process1.0 Stakeholdersse
Page 62 and 63: 4.4.2 Implementation ReportThe proj
Page 64 and 65: 4.4.5 Group Formation:This activity
Page 66 and 67: Project Objective One: Improvements
Page 68 and 69: 5.0 Monitoring and Evaluation5.1 In
Page 70 and 71: 5.3 MonitoringThis project aimed at
Page 72 and 73: There was a reported percentage inc
Page 74 and 75: 5.4 Evaluation5.4.1 Conceptual Fram
Page 76 and 77: awareness on youth entrepreneurship
Page 78 and 79: processes, knowledge practices (i.e
Page 80 and 81: are efficient. We hypothesized that
Page 82 and 83: elationship with the income level.
Page 84 and 85: 6.0 Sustainability PlansThe sustain
Page 86 and 87: 7.0 Lesson Learnt7.1 RelevanceThis
Page 88 and 89: 8.0 RECOMMENDATIONSThe findings sug
Page 90 and 91: and are passionate to start busines
Page 92 and 93: 9.0 REFERENCES:Australia Government
Page 94 and 95: United Nations. (2007, December 18)
Page 96 and 97: MFI (Stakeholder)for the youthThey
Page 98 and 99: Appendix 10.3: Detailed BudgetS/N E
Page 100 and 101: Percentageincrease inincome levelof
Page 102 and 103: dataPercentageincrease inYouth-rune
Page 104 and 105: entServicesandCounselingyouthreceiv
Page 106 and 107: Appendix 10. 7: Community Needs Ass
Page 108 and 109: 4. Starting date: _________________
Page 110 and 111: 13. In your opinion, what measures
Page 114 and 115: ……………………………
Page 116 and 117: to seek the challenge (to compete w
Page 118 and 119: 8. Workload:I am afraid of not bein
Page 120 and 121: What have been the major impediment
Page 122 and 123: Appendix 10. 8: Socio -Economic Sur
Page 124 and 125: Appendix 10. 9: Business Advisory a
Page 126 and 127: ___________________________________
Page 128 and 129: Description Strengths Weaknesses Im
Page 130 and 131: Appendix 10.0: Stakeholder Analysis
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