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Entrepreneurship and Small Business Development

Entrepreneurial development today has assumed special significance, since it is a key to economic development. The objectives of industrial development, regional growth, and employment generation depend upon entrepreneurial development.

For decades there has been debate on whether academics are the right people to teach entrepreneurship and if, in fact, it is something which can be learned. Some argue the only way these skills can be taught is by entrepreneurs themselves dissecting their successes and failures and sharing real-world, practical experience. Others say entrepreneurship cannot be taught; that successful entrepreneurs have distinct traits which are innate, and that certain people are hard-wired to see opportunities and pursue them through new and innovative means.

Of course when thinking about entrepreneurship development there is the practical side, providing tools such as market research, business planning and negotiation techniques. However, when offering a comprehensive entrepreneurship programme you have to go beyond this and consider how to teach entrepreneurial reasoning and behavior.

At Youth Initiative for Sustainable Human Development in Africa (YiSHDA), our interest in Enterprise and Business Development is to assist young people in developing initiative that creates a strong enabling environment for them to start and grow their business. Enterprise is the place where jobs are and promoting a positive enterprise culture is also a way to facilitate youth employment.