UNEMPLOYMENT is the state of not having a job or a state of been idle without work. And UNDER-EMPLOYMENT is a condition in which people in a labor force are employed at less than full-time, regular jobs or at jobs inadequate concerning their training or economic needs.
The world at large is suffering from the problem of unemployment/ under employment in one way or the other.
World-wide, there are approximately 1.3 billion young people at the ages of between 15-24 and around 776 million people are outside the labor force while 68 million are unemployed. According to the figures, there is necessity for proper engagement of people to be Self-EMPLOYED
WHAT IS SELF-EMPLOYED?
Self-employed simply means self-depending, self-support, or can be defined as a state of utilizing one capital to invest in a business that can be profitable to you and the community or country.
Talking on employment and under-employment in the world should trigger all stakeholders to work on how to engage people on been self-employ because it helps reduce the high demand on government and other organizations for the job and these can reduce the rate of high demand in a country to a minimal level.
WHAT CAN ONE DO TO BE SELF-EMPLOY?
Actually, there are many business or skill acquisition one can invest capital and energy to be self-reliant. Some If the businesses include:
1. Tailoring
2. Selling of phones and accessories
3. Catering
4. Eatery/Restaurant
5. Transportation( taxi driving) etc.
Above are some of the examples of businesses that one can invest in just to be self-employed in the world. Some of the businesses are capital demanding while some are not.
WHICH BUSINESS IS BEST TO INVEST ON?
In order to know which business to invest in, one needs to do a business survey in the community you find yourself in before you establish a business. One needs to choose between a skilled or unskilled business. Unskilled business is way more competitive in the world compared to skilled business. Now, let focus on skilled business.
SKILLED ORIENTED BUSINESSES
These are businesses that involve the natural or acquired skills to achieve a goal. Many have acquired these skills through learning and have used it to achieved goal especially of self-employment. Some of the examples are; tailoring, catering, graphic designs, make-up, article writing, etc.
Through skilled-oriented businesses, one gets to have an idea of ho how booster his/her business which can impact the individual, community, country, and the world at large.
The ratio of the unemployment and under-employment will reduce drastically to the lowest level if all stakeholders around the world engage people.
I hope my article will go a long way to reduce the rate of unemployment and under-employment in the world we are facing today.
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