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Many young graduates hope to start their own business, but they encounter lots of difficulties that discourage them from doing. So due to several different reasons.
One of the most colossal obstacles that in front of this enthusiastic youth in order to set up their own companies is the insufficiency or lack of incentives .that's to say; the receive neither financial assistance nor a pieces of land for the location of their business from the government .
What's more, without experience or expertise, they get no formation sessions in management and marketing in business school. Another serious reason is the exaggerated requirements of the bank .they start from the arrangement fees and end up with the interest rate on loans which are both incredibly high.Morover they never get the loans unless the young investors submit as a guarantee. All these requirements are too hard to meet. Last but not least , there's no doubt that these small business once they are founded, would be faced the most frightening challenge posed by the Market; competition.
They could never cope with them already existing powerful companies. This means; a waste of money, effort and time. In this case, these investors would be unable to pay there debt on time, and eventually be changed with additional interests. This will certainly lead their business to go bankrupt.
In a nutshell, own country's economy needs to be developed. I personally think that these ambition young graduates could push it up only if they are encouraged by the government and assisted by the simple and easy policies of banks
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