South Africa’s youth population is not only growing rapidly – it is also getting more and more educated.
A recent report by the Institute of Race Relations revealed that the proportion of South African youth aged 20 and above with post school education has almost doubled from 3.7% to 6.9%, while the headcount figures for those enrolled in higher education has almost doubled since 1995.
Most young people have qualifications in different fields of study, yet most companies cannot hire them because of the inevitable barrier of lack of experience.
The youth have every prerequisite for success in the job market and are yearning for opportunities to not only earn a living but to contribute to the country’s economic growth.
But the corporate world still does not trust them enough to give them a chance to succeed and prove themselves merely because they do not have experience.
While the statistics for education and skills development as far as youth are concerned have improved, this seems to have no effect on the employment rate.
A better-equipped youth in terms of education is not necessarily guaranteed a job.
Well, it looks like the solution might well be entrepreneurship.
With times having evolved from the time when a young graduate’s next logical route was only to become a job seeker (and hopefully a job finder) to now being a potential job creator by becoming an entrepreneur, it is time for business owners and government to invest greatly in entrepreneurship programs and start-up incubators for aspiring entrepreneurs.
The future looks slightly brighter for those who want to create and help others create new jobs.
However, the level of success that one can attain as an entrepreneur is dependent on the measure of support they get. Entrepreneurs who get as much support as possible tend to become more successful.
We, the Entrepreneur Incubator and Academy offer such support. We offer business training and mentorship to budding and established entrepreneurs alike. Click here for more information.
We are focused on developing entrepreneurs and businesses by providing top quality services and tools to enable sustainable growth in business communities.
As Rod Conway says, “Any time is a good time to start a company”. Just know that whenever you are ready to embark on a journey to entrepreneurship, we will be there for you, holding your hand until you are ready to stand on your own.
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