Determinants of youth entrepreneurship in Kathmandu
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Department of Economics
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