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

3.8.3 Important de-motivating factor s in stating a business:Figure 25: Important de-motivating factors in starting a businessThis session was used to know the factors that constitute fear in the minds of youth. The responseshows that financial risk is not a major factor, but ability to secure finance is a major factorbecause they seems to be afraid that making a move won‘t be successful, may be because of lackof collateral, savings or business plans. The survey shows issues like skills, corruption,completion and administration hurdles could also play some part in creating fear before one couldstart a business. It was also obvious that majority don‘t agree with the fact that gender has any demotivatingfactor in starting a business.3.8.4 Regulatory Barriers:Figure 26: Regulatory BarriersMost of the respondents have little knowledge on this subject and their response doesn‘t reflectthe intention guiding this question.50