The Challenges Of Self Employment For Graduates Article

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The Challenges Of Self Employment For Graduates

This article discusses the advantages of being self employed end the problems entrepreneurs faces.

Author: Joseph Ene

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In the face of the serious and growing thread of graduate unemployment worldwide, the need for graduates of today to seek avenues for self employment and self-fulfillment now seems impelling.

The problem of unemployment was basically that of primary and secondary school leavers. One popular explanation then was that these school leavers were ill-equipped and lacked specific skills to offer the labour market. The explanation however, is now largely irrelevant today as even well equipped graduates in almost all the disciplines now find that the labour market no longer have enough jobs for them. Thus, rather than employers vainly searching for skills that are not there, the situation has become one of skills vainly searching for jobs that are not there.

In other words, graduates of today can no longer rely on the labour market to provide him/her job. He has to invent an alternative source of employment which is SELF EMPLOYMENT.

Self employment, in addition to providing avenues for gainful employment, it also offers particular advantages to the self employee because:

1.It offers the employee the opportunity of engaging in the trade or business talents.

2.Successful self employment creates in the employed a sense of fulfillment and satisfaction.

3.The self-employed does not need to undergo job-selection interviews. He does not need to please big boss or personnel manager in order to obtain good end year report and recommendations for promotion.

4.The self employed is thus a creator and master of his fortunes. He/she decides his own work programmes, work hours, what to produce, where to produce. In effect he his the sole arbiter of his fitness to establish and run a business.

This therefore, puts a heavy responsibility on him and he has to be a good entrepreneur. The practical challenges which will confront any graduates wishing to establish a business of his own are well known. They are the same problem which confronts any prospective business man. They are:mobilization of capital, identifying a potentially viable project, ability to run the business profitably, meet stiff competition from other firms in the industry among others.

The unemployed graduate who wish to go into business should further more recognise that a business man is a risk taker. In his business he either makes profits or losses.

About Author

The author Joseph Ene owns and operate http://www.employment-4-graduates.blogspot.com, a completely free service which helps graduates to identify the different job opportunities available based on their discipline.Pay a visit to www.employment-4-graduates.blogspot.com and see why many graduates are flocking to this site.

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