ECDU
The ILO also predicts that global unemployment will rise by about three million in 2023, reaching 208 million. People who are unemployed are frequently more prone to a variety of difficulties, such as trouble finding future employment and decreased income. The general economy and society are also impacted by unemployment. An individual is more likely to experience possible negative consequences and add to the multiplier effect that unemployment has on the community the longer they remain unemployed. We are talking that the bigger the amount of people without a job or an income it brings the individual, the society, and the economic problems.
There is more to it than just the person's feelings of stress, anxiety, and mental health issues. Because they lack another source of income, unemployed people directly suffer from lower income. They frequently borrow money or dip into their savings to cover necessities like food and living expenditures for themselves and their children. Due to the high level of stress that comes with being unemployed, they also deal with health concerns like headaches, high blood pressure, diabetes, heart disease, back pain, and sleeplessness. To address the health disorders, these issues frequently necessitate more medical visits and drug use, although they don't actually have health insurance, so they can't access this service.
Unemployment has a significant economic impact. When people are out of work, they have less money to spend on goods and services, which can lead to lower economic activity and slower growth. Furthermore, high unemployment can reduce consumer confidence and investment, slowing economic growth even further. Furthermore, high unemployment can exacerbate poverty, crime, and other social problems. In response to high unemployment, governments frequently implement policies to stimulate job creation and economic growth, such as fiscal stimulus and monetary policy.
Unemployment can have a significant social impact. People who are unemployed may struggle to meet their basic needs and support their families. This can lead to increased poverty and social inequality, as well as decreased consumer spending, which can harm businesses and slow economic growth even further. Increased crime and social unrest can also result from high unemployment. Long-term unemployment can also cause feelings of hopelessness and a loss of skills, making it more difficult for people to find work in the future. Unemployment affects not only those who are unemployed, but also their families and communities, and it can have a cascading effect on the entire economy.
One of the most important things when people are unemployed, unable to find work and lose motivation to keep going is to start or join a business. This website assists them in doing so. It contains information on how to start a successful business. Aside from the main website, there is also a blog with articles on various aspects of business and a forum where entrepreneurs can share their experiences and advice. The courses would be specifically selected to the person's business and choices.
The Development Program provides a variety of services to assist entrepreneurs in getting started. These include a workshop for developing business plans, an investor database, and a business incubation program.
Entrepreneurs can benefit from the Development Program. It offers information and support on a variety of topics, as well as the chance to network with other entrepreneurs. Entrepreneurs can use the Development Program to hone their business skills, find investors, and receive assistance in reaching their objectives.
ECDU also has a section where people can publish their ideas and receive feedback from investors and partners. Finally, there is a section where people can make business recommendations. It also allows them to receive feedback from investors and partners. This is an excellent resource for people who are starting their businesses and want to improve their financial situation while also helping others.
By starting a business, they will also benefit other people and their families by producing jobs for them and other people. Giving their children a better chance in this world and the opportunity to benefit the world.
This solution as previously mentioned helps people with no job by giving them an option that will give them a better quality of life. They could have better health(mentally and physically), financial stability, and enjoy life. This also helps the economy since with more people having income it would mean more people being active in the market. And in society it could prevent people from ending up in a bad place due to circumstances out of their control. Money is everything in this world and wether that good or bad it is a fact that people indeed it to survive and Ecdu help people to life
I have done extensive research on unemployment around the world and have a small research paper about it. Beside that I did Marketing research to see the potential of the project, with a survey to different people to see if they would be interested. In the study we saw that the project would be viable. There are people that would use it, but it is difficult to grow. And on the survey people react possibly except for concern about competition, and how difficult a business is to grow. This concert is important on the long run, but since we are just starting, we plan on focus on them later on the run.
- Other
- United States
- Concept: An idea for building a product, service, or business model that is being explored for implementation; please note that Concept-stage solutions will not be reviewed or selected as Solver teams
The ILO also predicts that global unemployment will rise by about three million in 2023, reaching 208 million.
It can be difficult for a young girl to innovate, start a business, and make money. Young women frequently encounter particular challenges in a society where men continue to rule the commercial sphere, such as a lack of capital, resources, and networks. It may be challenging to overcome these obstacles and build a successful business.
For young women, access to capital is frequently a significant barrier. Without the necessary start-up funds, young women may find it difficult to make their entrepreneurial ventures successful. This is frequently because women are less likely than men to have access to venture capital and investment networks. Finding the money needed to create, establish, and run a business may be challenging as a result.
The lack of resources that young women encounter is another barrier. Resources like mentors, advisors, and role models can offer insightful direction and counsel. Young women could find it challenging to navigate the business world without these supports. Additionally, they risk missing out on opportunities that might have helped them succeed.
The perception that women are less capable than men in the economic sphere may also have to be overcome by young women. This might be a significant barrier since it might cause them to lose faith in their skills and become fearful of taking chances.
To overcome these obstacles, young women need to focus on building their confidence and self-belief. They need to take advantage of resources such as mentorship programs and business incubators. Furthermore, they need to network and build relationships with people who can help them succeed.
Ultimately, while it can be difficult for young women to innovate, create businesses, and earn money, it is not impossible. With the right attitude, focus, and determination, young women can achieve success in the business world.
Young women must concentrate on enhancing their confidence and self-belief to overcome these challenges. They must make use of tools like company incubators and mentoring programs. They also need to network and establish connections with others who can support their success.
In the end, young women can innovate, start enterprises, and make money, even though it can be challenging. Young women can succeed in business if they have the correct mindset, commitment, and drive. And I know this because I am a young Latin woman.
- Public Relations (e.g. branding/marketing strategy, social and global media)
- Technology (e.g. software or hardware, web development/design)
Our platform seeks to give people the resources they need to launch their own enterprises. Starting a business offers the entrepreneur not just financial prospects, but it can also have a good rippling effect on other people's lives. Entrepreneurs can improve the quality of life and enable people to sustain their families by giving them a means of income through the creation of jobs. Consequently, the neighborhood becomes livelier and more prosperous.
Additionally, starting a firm can create a wealth of opportunities for both the entrepreneur and the people they hire. It offers a way to achieve financial security and independence as well as the chance for development and advancement. We are enabling people to take control of their own futures and contribute to the expansion and improvement of their communities by enabling them to launch their own enterprises.
Additionally, entrepreneurs give individuals the option to create meaningful professions and raise their standards of living by offering employment possibilities. As a result, their kids have a better opportunity in life since they can get a good education and have access to the tools they need to succeed. By offering these chances, we want to start a cycle of development and prosperity that will help not only people and their families but also the whole of society.
In conclusion, our platform is made to support people in realizing their business aspirations. We enable people to generate jobs, open doors, and enhance the lives of others around them by giving them the tools they need. We think that by assisting small companies, we are leaving a lasting impression that will help future generations.
One-year goals:
50% more companies will be launched through the platform.
1,000 new employments will be created by firms that are launched using the platform.
Approach to achieving the one-year impact objective:
Improve the platform's tools and assistance for business owners, such as by creating new training courses and workshops.
To reach a larger group of entrepreneurs, expand the platform's reach and visibility.
To increase the platform's influence, work together with regional business associations and economic development organizations.
5-year impact goals:
Use the platform to launch 10,000 new businesses.
50,000 new employments can be created by firms that are launched using the platform.
Approach to achieving the five-year impact objective:
Using technology, extend the platform's reach to new areas and communities, giving entrepreneurs easier access to resources and assistance.
Create collaborations with regional authorities, academic institutions, and businesses to promote entrepreneurship and employment creation.
To continually enhance the platform's resources and entrepreneur assistance, invest in research and innovation.
- 1. No Poverty
- 2. Zero Hunger
- 3. Good Health and Well-being
- 4. Quality Education
- 8. Decent Work and Economic Growth
1. Number of enterprises launched: This covers the number of companies founded as a result of the platform's resources.
2. Jobs created: This gauges how many positions have been added as a result of the businesses that have been launched using the platform.
3. Entrepreneurial feedback: This comprises surveys and interviews with business owners who have utilized the platform to launch or expand their enterprises. This feedback sheds light on how well the resources and assistance were used.
4. The number of entrepreneurs who have gotten finance as a result of utilizing the platform and its services is measured by the increase in access to capital.
5. Economic impact: This gauges the extent to which the enterprises established through the platform have had an influence on the local economy, including their expansion and the generation of new jobs.
6. Entrepreneur satisfaction measures how happy entrepreneurs are with the platform, including how they feel about the help they received and how it has affected their company.
Our solution assists job seekers in creating or joining a business, which benefits those who are out of work and struggling to obtain employment. The website offers articles and tools on how to launch a successful business, as well as a forum where business owners may exchange experiences and suggestions.
Additional assistance is available through the Development Program, including a workshop for developing company proposals, an investor database, and a business incubation program. This program can help entrepreneurs locate investors, develop their business abilities, and accomplish their objectives.
Additionally, the website offers a forum for business owners to discuss their concepts and get input from partners and investors. People can also give and receive comments on business recommendations, which is useful for individuals who wish to better their financial status while also assisting others.
Overall, by offering assistance and resources to people who wish to launch or join a business, our solution addresses unemployment. We want to reduce unemployment and open up new job opportunities by supporting entrepreneurs in their initiatives.
The suggested solution is an Entrepreneurship and Business Development Platform (ECDU), which uses a combination of knowledge, assistance, and community-based resources to assist people in establishing and expanding profitable businesses. A dynamic website, a blog with articles and resources, a business incubator program, an investor database, and a forum for entrepreneurs to exchange experiences and advice are all part of the platform's core technology. The portal also features an area for publishing and receiving feedback on ideas, as well as a section for business recommendations where users may get input from investors and partners.In the educational section there will be an algorithm that recommends courses, videos plus the ones that we will have according to the person's business, choices, and personality. This is his plan to be with an AI. The other parts are made with HTML, and CSS.
- A new application of an existing technology
- Artificial Intelligence / Machine Learning
- Software and Mobile Applications
- Not registered as any organization
For all entrepreneurs to have equal access to resources and opportunities, the answer must incorporate diversity, equity, and inclusivity. The platform's entrepreneurs' demographics may be studied, and the representation of underrepresented groups can be frequently checked. Future activities and programs targeted at fostering inclusivity and encouraging diversity can then be guided by this knowledge.
Furthermore, it is critical to provide a secure and inviting atmospheres for all entrepreneurs, regardless of their background or identity. This can be done by putting in place rules and regulations that forbid discrimination, encouraging civil discourse and conduct, and offering resources and assistance to underrepresented groups.
Additionally, having a broad group of partners, mentors, and investors who each contribute their own viewpoints and experiences can help to create an environment that is more inclusive and open up more chances for all entrepreneurs.
Overall, the solution's strategy should include ongoing efforts to assess and enhance the platform's approach to diversity, equity, and inclusivity in order to guarantee that it is available and helpful to all entrepreneurs.
The business model is built on offering assistance and support to business owners. To help entrepreneurs get started, the Development Program offers training, an investor database, and business incubation services. The website provides advice and tools for beginning a business, as well as a blog with articles and a forum for networking and experience sharing among business owners. There is also a place where business owners may post their ideas and get feedback from partners and investors.
Charges for transactions made with investors, together with a 10% share of the company, might be a source of revenue for the firm. We would also rely on grants and partnerships with other organizations. Additionally, there will be premium services that may be purchased, such as assistance in creating a customized business plan, access to a wider network of investors, or additional training courses. The business may also generate income from collaborations with other companies and organizations or from advertising. In order to choose the most efficient method of revenue production, it is crucial to conduct research on the target audience and comprehend their wants and preferences. The company wants to support entrepreneurs in being financially and socially successful so that the company may become financially viable.
- Individual consumers or stakeholders (B2C)
Our system would be financially sustainable through a combination of ongoing grants and donations, sales of goods and services, and service agreements with governments. The primary website and the blog are free to visit, however the Development Program and the Business Incubation Program charge for deals done with investors, plus we receive a portion of the business (ten percent) of any company made due to our help. Governments and organizations that encourage entrepreneurship and job growth are the target market for our services.
In addition, we will continue to look for grants and donations from foundations and charitable groups that promote business and job development. With the money from these sources, we will be able to expand the number of entrepreneurs we can help and enhance the services we provide.
Our objective is to develop a self-sustaining paradigm that aids entrepreneurs in building prosperous businesses. We think we can build a sustainable future for our solution by adding value to entrepreneurs and fostering prosperous firms.
As previous mention it is a concept for now.