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Entrepreneurship is perhaps one of the most challenging adventures in life especially for young people. This is owing to the fact that it requires the investment of capital, something that most assume to be very elusive. Besides, most young people have been oriented to believe that getting a decent employment is the only way to success. With the emerging trends of reducing job opportunities and more and more people losing out on getting jobs, the load of unemployment is fast weighing down on the economies. Entrepreneurships are the only option out of this yoke. ENTICING ENTREPRENEURS In a bit, deal effectively with this heavy burden of gross unemployment, most governments has resorted to entice ambitious entrepreneurs whom they view as their compatriots in creation of jobs. A good example of such an enticement operation is the shell cash reward scheme. THE SHELL CASH REWARD SCHEME This is an ambitious program being run by the shell company that aims at implanting and nurturing the spirit of entrepreneurship among the youth. This program, dabbed the livewire program me, puts the spot light on young people aged between sixteen and thirty years with ambitious entrepreneurship ideas which they wish to turn into reality. THE LIVEWIRE 1000 POUND REWARDS This shell livewire reward scheme comes with a reward bounty of different natures. There is a monthly prize of 1000 pounds given to the most realistic and ambitious entrepreneurship idea from the targeted youths. It is given as a kick off capital for the winning idea and often goes a long way into not just making another young person self reliant but creating jobs for many others.
In addition, the shell livewire reward scheme has set aside a total of seventy thousand pounds for awards this year. Sixty thousand pounds of which is reserved for the one thousand pound per entrepreneur monthly reward and the other ten thousand pounds for winner of the annual Young Entrepreneur of the Year Contest. LIVEWIRE COVERAGE The shell cash reward livewire scheme has grown over the years. Currently this scheme is run in 20 countries. Beneficiaries of this scheme enjoy an enhanced communication and website up dates on business and entrepreneurship trends. This website can also be accessed by other entrepreneurs who may not have stemmed from this program but would like to improve their entrepreneurship skills. It also invites successful entrepreneurs to share their skills on this web for the benefit of the ambitious young upcoming entrepreneurs. GOVERNMENT GRANTS Getting government grants to boost entrepreneurship ideas and ambitions is not one of the easiest things to achieve but not impossible and the government has no apologies for making it that way. It is a deliberate strategy adopted by the UK government to test the applicants need for the grant. A lot and patience and perseverance are thus very necessary if this grant is anything to dream of. LOCATION AND THE GOVERNMENT GRANT The location of ones firm is another factor to look at as far as allocation of a government grant is concerned. Firms located within an assisted area have a higher probability of getting selected for grant schemes not to mention the possibility of larger grants.
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