Emphasizes on the civic awareness and civic issues, thus motivating and facilitating youth to act and take initiations and be informed on the issues of their concern.
Provides awareness and greater involvement of young people in response to the issues related to AIDS and sexual and reproductive health rights.
Strengthens the youth concern and involvement in the green campaign especially related to climate change, solid waste management and water resources conservation through campaigns and research.
Promotes youth entrepreneurship and supports upcoming entrepreneurs towards self- sufficiency.
So you’ve thought about starting becoming an entrepreneur. But what do you do first? How can you avoid making mistakes? Here are our top tips for new young entrepreneurs.
Business is hard and failure in a part of the journey. So, it is important that you are doing it for the right reasons. Don’t just start a business for the sake or it or because someone else told you that it was a good idea. Start a business that you are passionate about. This will help to motivate you to get through the good times as well as the bad.
2. Have a vision
A vision is a description of what a business would like to achieve in the mid-term or long-term future. Your vision can be your guide for making decisions. It can keep your business focused and on track. Remind yourself of your vision each day to ensure that you are working towards it.
3. Know your market
Unless you Know your market, you won’t know if your business will have a viable market at all. Choose a market that makes sense to the size of your business. For example, at the start your local community might be your market rather than the whole country.
4. Understand your customer
Once you have established who your market is, really get to know your customer. What are they like? What are their needs? By getting to know your customer you can deliver product or service that really suits them.
5. Understand your industry.
Don’t just start a business because you’ve seen other people run that business well. Take the time to understand that industry. Is there a market for another business in that industry? Do you have the skills needed for that industry?
6. Know your competition
Do research to understand what other products and services like yours are already available. You will then need to offer customers something different, better, cheaper or easier for your idea to be success. For example, if you open a tea shop in a street with an existing popular tea shop why will customers want to choose your shop? Maybe you make better tea or you offer food as well, or you offer a delivery service to businesses.
7. Find a mentor
There is nothing quite like experience so why not learn from someone who has been on your journey and already made all the mistakes. Find a mentor by talking to people that you know, networking with businesses and approaching organisations that work in the entrepreneur field.
8. Surround yourself with good people
Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be. So, make sure that there are successful people in your life, people that you admire and people who will support you no matter what.
9. Be honest with yourself
Be honest with yourself about what you can commit to your business in terms in time, skill and money.
10. Take action
An idea is only as good as the actions taken from it. Unless you take action it will always just remain a good idea. So, do something to start your journey. Do some research, talk to existing businesses, or learn a skill.
11. Be Patient
Success does not come overnight and there will be many set-backs and failures between your beginning and your success. Steve Jobs, founder of Apple said “if you look closely, most overnight successes took a long time.”
12. Plan for raising capital
Capital is money. It is the money that you will need to start your business. Raising capital is often harder or takes longer than people expect. So, plan where you will get your start-up money from and how to go about that. Then when you have the capital be careful how you spend it. It’s easy to spend too much on things that are not important and run out of capital too soon.
13. Write a business plan
To turn your business idea into a business you need to have a business plan. A good tool for this is a Business Canvas Model.
14. Learn from mistakes
Don’t be discouraged by your mistakes, mistakes are a part of the journey. Learn from your mistakes so that they are turned into your success. You can also learn from other people’s mistakes by reading stories about businesses and talking with your mentor.
15. Listen to your customers
Ask your customers for their feedback, don’t just assume. You can also learn from your complaints. If someone complains, don’t get offended, let it be an experience to learn where you can improve.
16. Get some experience
Don’t let the start of your own business be your first experience in the industry. Learn about the industry first. An easy way to do this might be to get a job or volunteer with a similar business. Learn how their business operates and think about what you would do the same and what you would do differently.
17. Contact support organisations
There are many organisations in Nepal, like YUWA, that work with young entrepreneurs. Find out what organisations work in your area and see if there is a program that suits you.
Identification and Management of Open Spaces is the project of International Organization for Migration, supported by US AID and Government of Nepal which aims to inform people of Kathmandu Valley about the open spaces. This project targets to inform people of 30 communities in both the Kathmandu and Bhaktapur Valley. This project has two components: training and awareness event. Training is an one day training where 25 participants comprising from the representative from ward, civil socie...Read More
YUWA concentrates our work on six thematic areas, namely Active Citizenship, HIV, AIDS and SRHR, Environment Sustainability, Economic Initiation and Innovation, Glocal Information Access, and Sustainable Development Goals.