Fast Track MBA – Helping Nigerian Youths To Counter UnemploymentPosted: April 27, 2015
Do you wish to build a thriving career? With the rising rate of unemployment in Nigeria, it will be surely challenging for you to achieve your professional goals even if you earn a degree. In this scenario, more and more Nigerian youths are opting to become entrepreneurs and starting their own business. Take a look….
Unemployment Is Affecting Nigerian Youths
With growing volume of youthful population in Africa, several challenges have emerged, both social and economic. However, the number of jobs must increase to compensate the growing population. When adequate jobs will not be created, most of the youths will end up unemployed. According to data from the International Labor Organization, 3 out of 5 unemployed individual in Africa are youths.
A 2008 World Bank Report, entitled ‘Youth Employment in Africa: the potential, the problem and the promise’, reveals that youth employment is particularly prominent in urban regions. Due to poor conditions in rural regions, most people migrate towards the cities which lead to increasing challenges related to unemployment in the urban areas. As a result of this, numerous candidates are applying to limited vacancies and jobs which is creating further problems. Hence, now more youths are deciding to be entrepreneurs and taking necessary steps to not only to build their own careers, but also to create jobs and add substantially to the economy.
Nigeria Needs More Entrepreneurs
Several entrepreneurs believe that encouraging entrepreneurial thinking among Nigerian youths will be crucial for the economic development of the nation. Moreover, the government is also taking steps to support youth development initiatives and aspiring entrepreneurs. Fashogbon Abiodun David, the CEO of the marketing company Fizzie Republic and the fashion boutique Fashi Fizzie, in Ibadan, southwestern Nigeria, says “The strength of a nation is the power of individual characters. America is what it is because of world-class entrepreneurs that are there: Bill Gate[s] of Microsoft, Steve Jobs of Apple and Larry Ellison of Oracle, Diddy of Sean John.”
David started his entrepreneurial venture in 2001 with just $20 USD and has faced several challenges in order to move his business forward. He says “I started with 2,650 naira [NGN ($16.65 USD)]. I ventured into business to conquer poverty.” He adds that achieving success was a daunting task due to the pressure and intimidation from larger businesses who almost compelled him to close down. He adds “The sharks are the big existing businesses that frowns at competition. I was beaten up by a fellow businessman because he was afraid I will take up the business. The trauma was so much I wanted to close my doors.”
But he says he pressed forward and didn’t even report his assailants because he was more concerned about the future and moving forward. David has successfully established himself as successful Nigerian entrepreneur since 2001 and has effectively expanded his business. Just like several other young entrepreneurs in the country, he is convinced that entrepreneurship is the right solution for dealing with poverty and unemployment in Nigeria.
How To Be A Successful Entrepreneur
So if you tackle unemployment and build a lucrative career for yourself, then embracing entrepreneurship will empower you to accomplish your goals. However, it is imperative that you acquire the necessary skills and knowledge before you make an investment and start your business.
As a successful entrepreneur, you will need to be an expert in your field and have a clear understanding about the industry and the latest market trends. Moreover, you should also know how to effectively manage your business and lead your team.
Pursuing a business programme can help you to gain all the necessary knowledge and develop various skills like leadership skills, management skills, communication skills etc. However, if you want to be an entrepreneur, then a full time MBA programme will not be the most suitable option for you due to the need for heavy investment of time and money. Then what should you do?
Study Fast Track MBA Online
Pursuing an online fast track MBA will allow you to learn what you need and acquire the required skills without the need for investing huge amounts of time and money. You will learn about the core management concepts and understand how to apply them effectively in your business. You will also develop business and entrepreneurial skills that will allow you to steer your startup towards success.
One of the biggest advantages of studying an online MBA is that you will be able to work and study at the same time. As these courses offer excellent flexibility, you can easily choose to gather relevant work experience or work on your start up while studying and earning an recognised qualification. Moreover, with an online fast track MBA programme, you will have the opportunity to advance your qualification to the final year of an accredited MBA programme and earn a master’s degree in business management.
Pursuing a quality fast track MBA programme will enable you to become a successful entrepreneur in Nigeria and boost your business to create more jobs in the country and add to the national economy.
How do you plan on becoming an entrepreneur? Feel free to share your ideas and views with us by commenting below.
Article Sources – bit.ly/1HNYYPk, bit.ly/1HNZ0XA