The Influence of Entrepreneurship Training and Financial Grant on Youth-owned Enterprises: the Case of Shardo Youth Enterprise Development Programme in Somalia

Abstract

Entrepreneurship and business creation are a growing alternative for young people whose age group often faces a labour market with double digit unemployment rates. It plays a crucial role in driving economic development and job creation. The study therefore sought to establish the effects of entrepreneurship training and empowerment among youth in Somalia due to inadequacy of research that only entrepreneurial development were done on women entrepreneurs. The study focused on role of entrepreneurial training on the growth of youth owned enterprises, whether entrepreneurship promotion have impact on the enhancement of youth living condition and also the influence of grants provided on the growth of enterprises owned by youth. Descriptive research design was selected in this study because it would allow the researcher to gather numerical and descriptive data to assess the relationship between variables. Simple random sampling was used to select a total of 83 youth for a population of 110 youth entrepreneurs. Questionnaire was used as the main data collection instrument and statistical packages for social sciences was employed for analyzing the data. The study found that the trainings provided helped the enterprises of the youth and that they got an idea of establishing plans and managing businesses. The entrepreneurship promotions of youth in Somalia enhanced the youths’ living condition, the creation of the job enabled the youth to cover their needs, also the grants offer foundation as the business starts. Finally; the knowledge spillover theory of entrepreneurship posits that entrepreneurship is a response to investments in knowledge and ideas by incumbent organizations, Entrepreneurship development is the process of improving the skills and knowl youth and that the Entrepreneurship development programs should first identify the local market. It is recommended to analyze and then design unique ideas based on the needs of the surroundings.