Navigating Constraints and Unleashing Potential

An Indepth Analysis of the Challenges Faced by Young Entrepreneurs in Informal Trading in Chinhoyi, Zimbabwe

Abstract

The study's goal was to document the difficulties that young unregistered traders in Zimbabwe's
Chinhoyi town confront. The lack of focus on the difficulties encountered by young informal
merchants by local and national regulatory bodies served as the impetus for the study. Since
this study draws on the everyday experiences of young informal traders and their navigation
of the complex issues they face, we feel it broadens our knowledge of the challenges these
individuals face. The study, which used a qualitative research approach and focus groups, in
depth interviews, and documentary analysis as data generation tools, discovered that young
informal traders face a number of difficulties, including a lack of funding, harassment from
local authorities, a lack of mentorship, and competition from more established traders. Thus,
the study found and came to the conclusion that young entrepreneurs use a variety of survival
techniques in this challenging environment, including borrowing money from friends and
family and depending on a wide range of mentorship and coaching programs from diverse
sources. The report suggests that the public and private sectors shoulder the burden of
fostering these budding entrepreneurs.