Issues and Challenges for young Graduates in Becoming Entrepreneurs: Economic and Personality based Perspective

This paper is designed to determine the entrepreneurial abilities and lacking of graduate students in Pakistan. This study is aimed to investigate the issues and challenges for young graduates for becoming entrepreneurs. The study considers both the economic and personality based perspectives. The fresh Business graduates and finale semester students who are or intend to become entrepreneurs of four universities of Karachi, Pakistan are being interviewed personally to determine their response. A comprehensive questionnaire on likert scale has been used to collect the responses. The responses are then statistically analyzed. The study concludes that graduates students possess basic skills such as team management and Entrepreneurial attitude; however, they are risk averse. The biggest challenge for them is lack of infrastructure and Governmental Support for new Entrepreneurs in Pakistan. Although funds are available in the market but there is visible gap between investors and New Entrant Entrepreneurs. Worsening law and order situation, corruption and poor economic conditions are unmanageable threats for new entrants. Above all, existing aggressive competition under the shelter of persistent inflation and effective pricing strategies are the basic challenges for new entrants.