Entrepreneurship is the act of starting a new business where there was none, in an effort to transform innovations into economic gains. An entrepreneur is a person who raises new ideas and possibilities, from a new angle and unites all means of production to create goods and services. Entrepreneurship has created employment, self-sufficiency and wealth for many people and groups globally. It is ideally important for young Gambians to take part in such ventures, for it is enterprises that can enormously contribute to research and development, self-employment and above all, greater prospects in life.
There are now several institutions in the country that offer entrepreneurship training for young people. Among them is The Gambia Technical Training Institute (GTTI), National Youth Council (NYC), President's International Awards (PIA), Chamen Electricals and Girls Presentation in Banjul among others, while several others like the National Youth Service Scheme (NYSS), GAMJOBS and National Enterprise Development Initiative (NEDI). They are training youths on business management skills and granting them soft loans to start up their own businesses.
To become a successful entrepreneur, one should be keenly focused and have the ability to overcome any hindrance or distraction to his/her goal. Along with that, discipline is crucial to take steps everyday towards the achievement of your objectives. There are however some critical challenges that impede entrepreneurship, which include poor management and organisation, dignity of labour and lack of capital. The way forward for youth entrepreneurship in The Gambia is for the youths to drop the complex of choosing jobs or feeling superior to certain careers and be ready to learn from what others have done successfully.