Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...
Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...
Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...
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Appendix 10.0.1: SWOT ANALYSISSTRENGHT- Focused on the specific concerns of arelatively homogenous group- Energetic young men and women bothrepresented- The group ability to source for credit<strong>in</strong>ternally and provide moral andtechnical support to each- The project Manager has extensivetechnical expertise work<strong>in</strong>g with <strong>youth</strong>.OPPORTUNITIES- Youth <strong>in</strong>terest and acceptance of theproject- Technical assistance available- Low <strong>in</strong>terest on loan by members- Adequate tra<strong>in</strong><strong>in</strong>g opportunities- Members of this group are <strong>in</strong> the samel<strong>in</strong>e of bus<strong>in</strong>essWEAKNESSES- Inadequate start-up bus<strong>in</strong>ess capital- Weaknesses of past programs to build<strong>entrepreneurship</strong> capacity of <strong>youth</strong> havenot made enough success with <strong>youth</strong>and this affects their perceptions onproject of this nature.- Lack of formal constitutions andunclear legal Status of the group- Weak l<strong>in</strong>kages with other organizations- Internal disagreements on differentvocations or <strong>in</strong>dustry- Inability to gather all group membersregularly together for meet<strong>in</strong>gs becauseof distance and logisticsTHREATS- Lack of government support- Poor <strong>in</strong>frastructures- Low level acceptance of<strong>entrepreneurship</strong> by the general public- Lack of trust by <strong>youth</strong> and wrongperception of the project- Economic downturn- Cultural and societal pressure (Get richquick syndrome)131