Determinants of youth entrepreneurship in Kathmandu

Abstract

The purpose of this study is to explore the primary techniques of attracting young people to the growth of entrepreneurial activities using motivational variables. As youth entrepreneurship is a critical strategy to cut unemployment rates in the future in a country where employability is expected to become a worry in the next ten years, this study focused on youth groups to assist them in starting their own firms. Nepal's young unemployment rate is 22.32% in 2021.Youth entrepreneurship has grown in popularity in many nations in recent years as a means of increasing job possibilities. Surprisingly, the globe has accepted entrepreneurship as a strategic way to increase young economic involvement. It helps them build confidence, attain economic independence, and overcome inherited poverty. It also generates job opportunities and promotes economic progress. The objective of this study was to investigate the status and determinants of young people in Kathmandu. This study adopted a descriptive research design. This study's sample size is 75 people. Questionnaires were used to collect main data, and the researcher personally handed them to study participants. Only 60 of the 75 questionnaires were given by participants, and only 50 were approved for analysis as 10 questionnaires were incomplete. The study's goals were achieved, and the results were presented in tables, bars, and pie charts. It was discovered that Kathmandu's youth aspire to work in business. Young entrepreneurs in Kathmandu lack access to business support services like financing, coaching, and incubators, but that won't stop today's young from starting their own businesses. Another finding of this study is that, as opposed to employment, entrepreneurship was thought to be the best alternative for economic engagement. The current study revealed that most important determinants of young entrepreneurs include; owning a company and being in a reputation of handling a company is a different feeling, mentors, role models and entrepreneurial ambassadors could also motivate opportunity-driven entrepreneurship and most importantly it is the opportunity to learn important skills such as teamwork, networking, problem-solving, critical thinking, innovation and self-discipline Keywords: Youth, Entrepreneurship, Status, Determinants, Youth entrepreneurship Development, Kathmandu