Unemployment is one of the biggest problems of this century. Problem is that population is increasing rapidly and so is the demand of employment. We do not have enough jobs to fulfill this demand. Unemployment is not the problem of a single country, but whole world is suffering from it. Recession is also the result of over population. Since we do not have enough resources to cop with the increasing demand, companies are not able to make good use of whatever resources they have and so they start firing their employees. According to estimation, if population keeps increasing with the same rate soon there will be double the people than the number of jobs available.
We need to deal with the situation and that too immediately before the situation goes out of our hands. There are many solutions to the problem of unemployment. One of them is population control. This is a good solution, but the problem is that it is not an immediate solution. Even if we start today it will take us many years to control the situation completely. Another possible solution is increasing the number of jobs. Though that also is not an immediate solution, but if we take a start now, we can meet…
the goal in a certain time.
Now, the question is how to increase job opportunities. There is only one way to increase the number of jobs, which is by creating new jobs. The possible solution is starting new business, firms, and small business, in short the entrepreneurship. Entrepreneurship is a term gaining very much importance these days. Entrepreneurship is defined as an act of starting an organization with available resources and finance. There are many advantages and disadvantages of entrepreneurship. The biggest disadvantage is the risk involved. Risk is the main reason that stops us from taking initiative with new business. Though this is not such a big issue and if we follow proper method, we can deal with it.
The best thing one can do to cut the risks in starting a business is buying an existing business. There are several benefits of buying a business. The most important one is less risk. With an existing business, you get a built product, customer base, market reputation, ready-made product, and a running business. All these factors cut the risk that you may face in starting a new business. Buying a business is the best option to start a business and to increase the number of employment opportunities rapidly.