SMEs - are youths cut out for entrepreneurship
SMEs - are youths cut out for entrepreneurship
Therefore, one must question the likelihood of success for unemployed youths being provided with finance to start a business. While there are exceptions to the rule, it is hardly likely that these people will succeed as they are missing so many of the critical success factors associated with SME success.
The question is whether this is a plan of action based upon misinformation, or whether it is a plan of action that is merely intended to divert attention away from government non-delivery, in other words a government decoy.
My personal experience wth these youth is that they are clueless. Their business plans which they do not understand, are written by consultants, their organisational structure does not show any work being done by the owners, rather by managers. Their organisational structures reflect way "too many chiefs and nowhere near enough indians". They honestly believe that they will simply sit at home and wait for the profits to roll in.
Entrepreneurs they are not! Let us look to other solutions as this solution is merely a waste of money.
SMEs are youths cut out for entrepreneurship - To learn more about this author, visit Dr. Rob Smorfitt's Website.
Like this article? Share it with your friends
While nothing is ever cut and dried, and generalisations often result in a face full of egg, one must consult existing research to look for answers. The research I have seen, when looking at critical success factors for SMEs, provides a strong bias in favour of those people with experience in business and separately experience in management.
Therefore, one must question the likelihood of success for unemployed youths being provided with finance to start a business. While there are exceptions to the rule, it is hardly likely that these people will succeed as they are missing so many of the critical success factors associated with SME success.
The question is whether this is a plan of action based upon misinformation, or whether it is a plan of action that is merely intended to divert attention away from government non-delivery, in other words a government decoy.
My personal experience wth these youth is that they are clueless. Their business plans which they do not understand, are written by consultants, their organisational structure does not show any work being done by the owners, rather by managers. Their organisational structures reflect way "too many chiefs and nowhere near enough indians". They honestly believe that they will simply sit at home and wait for the profits to roll in.
Entrepreneurs they are not! Let us look to other solutions as this solution is merely a waste of money.
SMEs are youths cut out for entrepreneurship - To learn more about this author, visit Dr. Rob Smorfitt's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
|
To learn more about the Evan Elite Author Program please contact us. |
 | |
|  |
Subscribe to Dr. Rob's articles
 |
|
SME, SMB, SMME, all the debate and info - A resource on SME, SMB and SMME.
|
|
 |
 | |
|
| |
 | |||||||
|
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 EMPLOYMENT PRACTICES LIABILITY Serenity Cards Meditation Guide Become a Better Closer! Business Checkup |
|
 | ||
 |
The Top 10 GTD Times Posts
Best Posts for Productivity | |
 |
Top 50 HR Blogs 2009
Top 50 HR Blogs 2009 | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||||
| ||||||||||||
|
|
||||||||||||