In South Africa According to Stats SA, South Africa's unemployment rate is high for both youth and adults; however, the unemployment rate among young people aged 15–34 was 38,2%. This means that more than one in every three young people in the labour force don't have a job.
Youth in South Africa are passionate, innovators and have exciting energy to the entrepreneurship world. The Under35 entrepreneur benefits are they are risk takers and unapologetic on what it is they want.
It”s important to acknowledge during this Youth Month that without the constant need to explore and improve from our youth entrepreneurs, the state of entrepreneurship in this country would not be at the level that it is today.
These are some of the challenges the Youth Businesses face
- Access to opportunity
- Access to new markets
- Access to finance especially in ideation.
How can these challenges be addressed to create a path for new entrants in the business world, to ensure those that have the will to do business (Entrepreneurship is not for everyone) can get the support required to build high growth businesses that will last.
That's why we created Thriving MarketPlace were we can give opportunities to youth-owned businesses to access corporate procurement were traditionally they would not have been able to secure a distribution deal or be invited to quote.
Once the quote is approved and a purchase order has been secured the other barrier who be access to capital to deliver those goods and services. Typically youth-owned businesses would not be able to meet the lending criteria of traditional banks due to a lack of collateral. So through Thriving Finance a service that is within the Thriving MarketPlace that purchase order would be approved if the company that issues the PO is an authorized MarketPlace buyer.
Our vision through the platform is to create 2000 direct/indirect jobs within 5 years.
So register your FREE MarketPlace account to supply or register hour business opportunities to SMMEs on marketplace.thriving.network
Let's transform the supply chain and digitize the process to access funding and Procurement opportunities
How can these challenges be addressed to create a path for new entrants in the business world, to ensure those that have the will to do business (Entrepreneurship is not for everyone) can get the support required to build high growth businesses that will last.
That's why we created Thriving MarketPlace were we can give opportunities to youth-owned businesses to access corporate procurement were traditionally they would not have been able to secure a distribution deal or be invited to quote.
Once the quote is approved and a purchase order has been secured the other barrier who be access to capital to deliver those goods and services. Typically youth-owned businesses would not be able to meet the lending criteria of traditional banks due to a lack of collateral. So through Thriving Finance a service that is within the Thriving MarketPlace that purchase order would be approved if the company that issues the PO is an authorized MarketPlace buyer.
Our vision through the platform is to create 2000 direct/indirect jobs within 5 years.
So register your FREE MarketPlace account to supply or register hour business opportunities to SMMEs on marketplace.thriving.network
Let's transform the supply chain and digitize the process to access funding and Procurement opportunities