Financial Discipline Among Youth Entrepreneurs
Fragment of a discussion from Talk:Ipyet/Financial Management in SMEs
youth entrepreneurs face some challenges like, timing in terms of what has been invested can not be used to raise back the input. the remedy for this would be once investments have been commited to then a lot of consetration towards work must be enfasised. also calculations on issues of costing. The other challenge is inpouse buying, this means buying things that are not budgeted for at the time of purchases. solution to this would be that youths stick to the budgetlines and learn burgaining skills. peer presure is one item, but the youth here is need to be self controlled. as friends never end but once business comes to stop then you are fired! haha.
