Enabling 10 young people to set up a small investment project of their own, better than employing 100 of them in private sector companies. This does not mean stopping attempts to absorb young people in the private sector. It does not mean that work in this sector is bad. It is an important direction that needs to be focused on, but supporting and motivating young people towards entrepreneurship, and setting up their own small businesses, is much better for them and for the national economy.
Creating small or medium investment projects for young people these days is not easy. It is true that there are bodies and their supporters, but they are generally separate and mostly cover financial support, while the challenges and difficulties facing young people in the investment field are varied and different in form, requirements and stakeholders.
The most prominent of these challenges is lack of experience, high costs, especially rents, and the large expenses of labor expenses, fees and requirements, etc., which represents burdens make it difficult to take the decision to start an investment project.
One of the main reasons for the reluctance of young people to engage in private projects and entrepreneurship is the lack of awareness directed at this segment to exploit the investment opportunities, and although we are clearly seeing the entry of businessmen from different countries of the world, east and west, to the UAE market, But a large segment of UAE youth do not take advantage of these opportunities, influenced by spending on unhealthy aspects, such as luxuries, and not thinking about new sources of income. There is no doubt that increasing this awareness requires coordination and joint effort between government agencies and businessmen. , To adopt and support And guide young entrepreneurs.
In addition, there is no denying the existence of reasons associated with most of the youth themselves, the most important tradition of some entrepreneurs to the projects of others, without careful study of the quality of these projects in terms of timely timing of the project, and the right place and the appropriate way, and appropriate technology, in addition to the financial disadvantage of the investor, So that he relies on some of the unrealistic indicators, and deludes himself with continuous success, without thinking about evaluating the project during the work period, to avoid some problems, and work to overcome them before the aggravation, a gradual or quarterly evaluation.
Therefore, the rehabilitation of young people to enter the world of entrepreneurship requires effort, coordination and follow-up, and needs a clear government strategic plan, which is managed by one government, can overcome the obstacles to youth projects everywhere, and can take decisions for their benefit, while at the same time can guide them and provide them with information If successful, to support, guide and graduate 100 successful young men, who can stand on their feet and walk in the world of business and finance every year, it will be a great achievement for young people and the community and the local economy!
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