E20 Model: How youth with little capital can start up a medium enterprise with 20 employees

All across the world, developed and developing, there are issues of unemployment, especially among youths. In developing countries, particularly in Sub-Saharan Africa, where illiteracy and structural poverty holds sway, unemployment turns itself into a hydra-headed monster fueling crimes, inter-tribal conflict, terrorism, militancy and worst of them all, brain drain. The only educated few are forced to migrate to other parts of the world, dashing any possible sense of hope for the future.

The good news is that many youths in these countries are currently jilting the usual 9-5 jobs in a bid to build their dreams through entrepreneurship. But the bad news has always been that they do not have enough capital or the connection to obtain such start-up capital. As Africa has few venture capital firms and angels, it's been near impossible for youths to obtain the seed capital necessary for starting up and monetizing their best ideas.

In a bid to solve this problem of obtaining seed capital for African youths desiring to open up businesses, I developed the E20 Model. This model is based on the premise that the youths of Africa are poor, but not penniless. It builds on the fact that the major income problem is not caused by unemployment per se, rather it's under-employment. Unemployment means simply that one has no source of income. On the other hand, under-employment means that one earns less than one is worth or one deserves. This is more of the case among African youths who work in firms where they receive meager salaries, engage in self-employment or odd jobs where they also receive meager financial rewards.

Again, fresh graduates who have no savings from their pocket money can also obtain the littlest amounts from family and friends. This means that these youths have some money, though this money alone cannot take such a person to anywhere in terms of starting up a business or even living a comfortable life. This model therefore aims to enable these youths use this little money they have and build a medium business which will employ up to twenty people in any economy.
This model solves that financial limitation through leverage and enables people achieve their goals in a united approach.

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