In what ways have self-enterpreneurship tackled unemployment.

[Axis]

Unemployment is absolutely a basic factor that everyone should be concerned about, and when unemployment absolutely strike a particular country or community, able-bodied and mature adults are unable to cater for their needs and wants. In most regions and countries of the world especially in some areas of west Africa, there is an increase the rate of unemployment in most west African countries like Nigeria, Ghana, even Cameron. People exist in in countries like this, blame the government for the unemployment state, but one cannot keep blaming the government but need to do something in order to make ends meet. However one of the most effective ways that majority of people residing in countries like Nigeria and Ghana have been able to make ends meet is by making themselves self-enterpreneurs of business organisations and commercial Enterprises. It is definitely true and accurate to think that self-entrepreneurship is basically a solution to unemployment. Although being a self-entrepreneur can be affected by so many environmental and governmental factors, but it it has definitely tried to eradicate poverty and joblessness among individuals. Let us consider some of the ways in which self-enterpreneurship have tackled unemployment:

CREATING NEW JOB OPPORTUNITIES: Self-entrepreneurs create new job opportunities for themselves and others by starting businesses that require the skills of multiple people. This can lead to job creation and an increase in economic activity, which can help to reduce unemployment.

PROVIDING ALTERNATIVE EMPLOYMENT OPTIONS: Self-entrepreneurship offers an alternative to traditional employment. People who are unable to find jobs can start their own businesses, and this can provide a sustainable source of income.

ENCOURAGING INNOVATION: Self-entrepreneurship is often driven by innovation and creativity. Entrepreneurs are often motivated by a desire to solve a problem or meet a need in a new and innovative way. This can lead to new businesses and products that create new job opportunities and stimulate economic growth.

PROMOTING SKILLS DEVELOPMENT: Self-entrepreneurship requires a range of skills, from financial management to marketing and product development. Entrepreneurs often need to learn new skills in order to succeed in their businesses. This can lead to increased skills development, which can improve employability and lead to more job opportunities in the future.

 

[Mikes smithen]

In all ramification self enterpreneurship has definitely made it a way out effective for individuals to earn employment for themselves. It is definitely true that in some areas and regions of the world especially in places of west Africa like Nigeria and Ghana self-employment is absolutely rampant. However that is because the government of these areas do not care about the financial welfare as well as job creation of its people and so because of this there is always a need for individuals to engage in self enterpreneurship or self employment. Many individuals cannot wait for the government to provide White collar jobs for them and due to the increasing rise of individuals who graduate out of various University to study various jobs and careers it is absolutely correct and accurate to say that unemployment can never be eradicated from west African countries.

Many individuals have been able to succeed as self enterpreneurs and self-employed individuals in their various businesses and commercial Enterprises.

 

[TOZZIBLINKZ]

It is of course very much true that self enterpreneurship of self-employment is definitely an effective way that an individual can eradicate poverty as well as unemployment in his or her life. In most African countries for example to be precise countries in West Africa like Nigeria and Ghana are mostly occupied by citizens as well as individuals who are unemployed. But majority of individuals have always see the need to become self enterpreneurs as well as self-employed individuals themselves and instead of them waiting for the government to provide white-collar jobs for them, they obviously would establish a business possibly with the little amount of capital they have. Majority of them have also earned success in the businesses they have started for them self, and that could obviously be seen in the fact that they are companies as well as commercial business organisations established by most self-employed individuals single-handedly.

One beauty about entrepreneurship is that an individual who does not need to be educated before he or she can become an entrepreneur, with just the right mindset and also with the right level of persistence and determination and individual is more likely to succeed as an entrepreneur.

 

[Jasz]

In a number of ways, self-entrepreneurship has emerged as a potential solution to unemployment:

Creating jobs: Self-employed people create their own employment, frequently beginning with just themselves and gradually expanding their businesses. They might hire workers as their businesses expand, thereby contributing to the creation of new jobs in their communities.

Innovation: Self-employed people frequently introduce novel concepts to the market, which results in the creation of new goods and services that can generate demand and job opportunities.

Economic expansion: By increasing productivity, encouraging innovation, and generating new industries and jobs, self-entrepreneurship can contribute to the expansion of the local and national economies.

Diversity: Because it enables people from all walks of life and backgrounds to pursue their entrepreneurial aspirations and establish their own businesses, self-entrepreneurship fosters diversity and inclusion in the workforce.

diminished reliance on formal employment: Self-employment gives people more control over their income and work-life balance than traditional employment does.

In general, self-employment has the potential to combat unemployment by providing an alternative to traditional employment, encouraging economic growth, and creating new job opportunities. However, it is essential to keep in mind that self-entrepreneurship necessitates a significant amount of dedication, risk-taking, and hard work, and that success is not always assured.