Thread by @entreprenenture

Let's discuss yesterday's polls and begin our discussion on youth entrepreneurship with #GEMChats

This is a thread.

https://twitter.com/GEM_Hello/status/1014106475713650688

In a summary report of an OECD and the European
Commission seminar in 2014 , two things were key points:

1. #unemployment was at 10.9% in 2013 and double for #youth : 23.4%

2. 45% of youth prefer self-employment to
#employment, whereas 37% of adults prefer self-employment.

In Malaysia, MIDF reports find youth unemployment to be high - hitting a record 10.8% last year, attributed to a skills mismatch.

This is a significant 40.5% of total unemployment in #Malaysia.

So what can be done?

Entrepreneurship can be the answer to help alleviate #youthunemployment!

Some of Malaysia's biggest names in the start-up and rising businesses are founded and run by youths!

One of the bigger disruptors of the logistics is @NadhirAshafiq , who was voted as part of @Forbes Asia 30 under 30 in 2017! Nadhir runs TheLorry @thelorrydotcom, a platform to hire lorries in a transparent and streamlined manner.

To read more on Nadhir:
gem-magazine.com/changing-the-s…

In the local cosmetic scene, Velvet Vanity has been bringing in lipsticks that are inclusive in nature to all skin tones. Adlina Nadhirah, the founder, is a #youth #entrepreneur and aspires to see Velvet Vanity on Sephora shelves in 5 years time!

gem-magazine.com/all-shades-for…

#Youths also breathe in a fresh breath of air into how #entrepreneurship impacts society. @Skolafund by @tahmadsyamil is a social #enterprise platform changing the lives of thousands of students seeking crowdfunded educational support.

Read more: gem-magazine.com/driving-impact…

Helping #refugees find financial means to ease their lives in #Malaysia, The Picha Project is a local social enterprise by three young female entrepreneurs who provide a unique catering service cooked by refugees from various countries!

Find out more: gem-magazine.com/the-picha-proj…

Most youths experience trepidation over such a risky move by jumping into entrepreneurship. While it is normal, they should consider #entrepreneurship as a means of changing their lives should youth unemployment persist to be an issue.

If these founders can do it, so can you!

This week at efm.live, we are hosting live shows on youth entrepreneurs every AM and PM! You can check out our live shows from 7.30am to 10am and 5.30pm to 8pm!

Catch our older podcasts at efm.live/episodes/ep9-u…

Keep an eye out on our live shows for tomorrow and on Friday 😉😉😉

We'll be talking to two upcoming local start-ups in the field of beauty and healthcare!

Only on efm.live (7.30am to 10.00am and 5.30pm to 8pm)