By Christian Gaya: Business Times January 25, 2013
Young
entrepreneurship refers to an individual’s ability to turn ideas into action.
It includes the ability to plan and manage projects in order to achieve
objectives. Young entrepreneurship education should foster skills that form young
entrepreneurial behaviour like creativity, sense of initiative, risk acceptance,
self-confidence, capacity to work in a team, etc. In addition, specific
business knowledge needs to be taught, according to the level of education. Although
numerous initiatives on young entrepreneurship education are needed in the
country, these are not always part of a coherent framework.
Young
entrepreneurship involves creativity, innovation and risk taking, as well as
the ability to plan and manage projects in order to achieve objectives. This
supports everyone in day-today life at home and in society, makes employees
more aware of the context of their work and better able to seize opportunities,
and provides a foundation for young entrepreneurs establishing a social or
commercial activity.”
Young
entrepreneurship should contribute to job creation and growth. And be able to
contribute to fostering social and economic cohesion for regions whose
development is lagging behind like Tanzania as a developing country.
Young entrepreneurship is crucial to competitiveness and it unlocks personal
potential. On one hand young entrepreneurs achievements can provide societies
with wealth, jobs and diversity of choice for consumers. And on the other coin
young entrepreneurship can play a positive role in delivering health, education
and welfare services efficiently.
Tanzania needs to foster
young entrepreneurship-friendly culture for growth and jobs. There is a
necessity to emphasis the need to create an overall positive entrepreneurial climate,
and to strengthen respective measures. The important role of education in
promoting young entrepreneurial attitudes should now be widely recognized by
politicians and decision makers in the country.
In
order to succeed young entrepreneurship programmes and activities need to be integrated
into the national curricula, either as a horizontal element or as a subject in
its own right. In addition, schools should be given practical support both
materially and morally. Special attention needs to be dedicated to training the
teachers and to raising awareness among heads of schools and colleges as well
as universities. At higher education level, universities and technical
institutes should integrate young entrepreneurship across different subjects.
Tanzanian
society as a whole needs to foster its young entrepreneurial drive more
effectively. In this context further and young and adult education should start
in gaining its importance. Not only is the significance of young entrepreneurship
widely recognized for economic growth and development, but also for the
individual. Young entrepreneurship should provide opportunities to enrich both
ones working careers and personal life.
The
importance of young entrepreneurship for economic growth and development should
now be widely recognized as well as its importance for competitiveness of
firms. Additionally to this young entrepreneurship should also provide
individuals the opportunity to enrich their working careers and increase
personal wealth.
Encouraging
the enterprise spirit should be the key to creating jobs and improving competitiveness
and economic growth throughout Tanzania.
Although variables like the number of new start-ups (rate of young entrepreneurship)
or the psychological attitudes of people towards self-employment (latent or
potential young entrepreneurship) may be influenced by a number of different
factors, there is certainly a cultural aspect that needs to be taken into
account as previously discussed and this is very crucial for young
entrepreneurship development.
Hence,
it needs a pro-active and young entrepreneurial culture in our modern knowledge
society. Young entrepreneurial attitudes and understanding are an essential
factor such that people learn not to depend on current events, but to be
capable of actively managing their future. Apart from the economical point of
view it is important to keep the impact of young entrepreneurship for
individuals in mind and the personal fulfillment. It is a fact that young entrepreneurship
competences and abilities should really be able to change peoples’ lives by
giving them a chance of fulfillment at professional levels.
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