Factors that influence success of youth Enterprise in Garisa District, Kenya
Entrepreneurship development is a unique phenomenon in the world today. Indeed, the global focus on employment and wealth creation in the continued development of the Small and Medium Enterprises Sector (SMES) forms the core of entrepreneurship. It was gratifying to note that the youth of Kenya can now be gainfully employed though setting up own business with the help of government funding. Becoming owner of a micro or small enterprise can be an alternative for a young person who has an entrepreneurial mindset but also possess some basic requirements like skills and knowledge. This study involved a review of relevant literature relating to youth economic and social entrepreneurship, including relevant texts and journal articles, and other publications. It employed a mixed mode approach which involves combining of qualitative and quantitative methods of data collection. Descriptive statistics was used for data analysis where data is tabulated and classified into sub- samples for common, characteristics with responses being coded to facilitate basic statistical analysis. The study investigated the factors that influence youth entrepreneurship and found out that poor access to start- up financial, inadequate access to entrepreneurship education and training, social and cultural attitude towards entrepreneurship, lack of access to business support and assistance, unfavorable administrative and regulatory framework are the major cause of failure for youth owned enterprises. In· consideration of the findings the researcher recommended that micro-credit programmes should be client focused instead of being product centred, entrepreneurship education should be made compulsory and practical at all levels of education systems, coming up with youth friendly trade policies and finally enhancing the capacity of young people for them to participate in a more stable and profitable sectors such as manufacturing. The recommendations were useful to the government and other youth serving organization that what to use the employment creation potential of enterprises for young people themselves and for others.