Part 6/9:
Another compelling aspect of the conversation addresses the economic hurdles faced by budding entrepreneurs. High costs associated with establishing businesses can deter many young people from venturing out on their own. Dr. Chukum encourages them to innovate, suggesting alternatives like building nascent businesses before setting up physical shops to avoid heavy taxation and human resource burdens.
With growing economic challenges, it appears that substantial support from both the government and private sector is pivotal in nurturing the nascent entrepreneurial ecosystem among the youth.