Challenges to the success of youth businesses

Abstract

The study sought to investigate the challenges to the success of youth businesses in Bugoye sub-county. The study was guided by the study objectives which are the effects of human relation skills on the success of youth businesses, impact of business management skills on the success of youth businesses and examining the relationship between technical skills and the success of youth businesses. The study indentified cross-section design with sample size of 55 out of the population. The entrepreneurs that set up these youth businesses lacked business management skills, inadequate capital, technical skills, limited access to banks , high tax charges, high interest rates, low sales, poor quality products and many other, many of them faced a number of problems, most of which were of a startup nature. A study was carried out to investigate the challenges to the success of youth business in Uganda using businesses in Bugoye sub-county Kasese District as case studies. In-depth interviews and questionnaire methods were mainly used to collect data from a few selected youth business enterprises people. It is concluded that the causes of youth businesses failure are multidimensional and diverse. They include poor management skills as well as political, economic, social, cultural and environmental factors. In practice, many of these are interrelated. The study showed that most businesses which are starting up face great challenges than those that are in existence. As such, business men and women who successfully negotiate the initial startup problems have greater chances of future success in their businesses. Despite the measures to overcome such challenges were sought over the years, the business community in Uganda at this time in Bugoye sub-county Kasese District is still faced with many challenges. The study concluded by making a number of practical suggestions against youth business failure