%0 Journal Article %1 decker2024impact %A Decker, Blossom Onike %A Kamara, Santigie Abu %D 2024 %J International Journal of Recent Innovations in Academic Research %K development jobs unemployement %N 3 %P 80-89 %R https://doi.org/10.5281/zenodo.10938027 %T The Impact of Small and Medium-Sized Businesses on Employment Prospects: Case of Water Resources Industry in Sierra Leone %U https://www.ijriar.com/docs/2024/2024-march/IJRIAR-09.pdf %V 8 %X Sierra Leone is a country in West Africa with extremely high unemployment rates, especially among young people. SMEs, or small and medium-sized firms, are widely credited with creating jobs and driving global economic growth. Small and medium-sized enterprises (SMEs) are vital to Sierra Leone's economic development, employment generation, and reduction of poverty. In developing nations like Sierra Leone, Small and Medium Enterprises (SME) play a vital role in employment creation and economic expansion. On the specific effects of SMEs on employment possibilities in the Sierra Leonean setting, however, there is a dearth of thorough study, especially with regard to the Grafton Water Company, Bokum Water Company, and Family Life Care Water Company. Although SMEs have the potential to eradicate poverty and create jobs, underemployment and unemployment are still significant problems in Sierra Leone. Representing the nation's water sector is the Grafton Water Company, Bokum Water Company and Family Life Care Water Company; this is extremely pertinent as it could promote economic expansion and job generation. The water sector utilizing Grafton Water Company, Bokum Water Company and Family Life Care Water Company as a case study was another wise choice. Understanding the potential and particular issues facing Sierra Leone's water-related businesses can be gained by observing a SME in the sector. Every nation's development depends on the water business. This material may be helpful to policymakers, regulators, and businesses who want to enhance private sector participation, enhance water services, and boost the water sector's sustainability. The study's conclusions may lead to the implementation of programs and policies that support SMEs and promote the creation of jobs in Sierra Leone. In addition to providing targeted solutions to overcome those obstacles, it can highlight the unique challenges faced by SMEs in the water sector. The research also identifies effective tactics and components that can be copied or adjusted for application in other SMEs and sectors across the country.

@article{decker2024impact, abstract = {Sierra Leone is a country in West Africa with extremely high unemployment rates, especially among young people. SMEs, or small and medium-sized firms, are widely credited with creating jobs and driving global economic growth. Small and medium-sized enterprises (SMEs) are vital to Sierra Leone's economic development, employment generation, and reduction of poverty. In developing nations like Sierra Leone, Small and Medium Enterprises (SME) play a vital role in employment creation and economic expansion. On the specific effects of SMEs on employment possibilities in the Sierra Leonean setting, however, there is a dearth of thorough study, especially with regard to the Grafton Water Company, Bokum Water Company, and Family Life Care Water Company. Although SMEs have the potential to eradicate poverty and create jobs, underemployment and unemployment are still significant problems in Sierra Leone. Representing the nation's water sector is the Grafton Water Company, Bokum Water Company and Family Life Care Water Company; this is extremely pertinent as it could promote economic expansion and job generation. The water sector utilizing Grafton Water Company, Bokum Water Company and Family Life Care Water Company as a case study was another wise choice. Understanding the potential and particular issues facing Sierra Leone's water-related businesses can be gained by observing a SME in the sector. Every nation's development depends on the water business. This material may be helpful to policymakers, regulators, and businesses who want to enhance private sector participation, enhance water services, and boost the water sector's sustainability. The study's conclusions may lead to the implementation of programs and policies that support SMEs and promote the creation of jobs in Sierra Leone. In addition to providing targeted solutions to overcome those obstacles, it can highlight the unique challenges faced by SMEs in the water sector. The research also identifies effective tactics and components that can be copied or adjusted for application in other SMEs and sectors across the country.}, added-at = {2024-04-10T04:01:14.000+0200}, author = {Decker, Blossom Onike and Kamara, Santigie Abu}, biburl = {https://www.bibsonomy.org/bibtex/2e482f1d4334df87fbb5075ff776f1685/ijriar_journal}, doi = {https://doi.org/10.5281/zenodo.10938027}, interhash = {63bb7d0d56656249b02930936300975a}, intrahash = {e482f1d4334df87fbb5075ff776f1685}, issn = {E-ISSN: 2635-3040; P-ISSN: 2659-1561}, journal = {International Journal of Recent Innovations in Academic Research}, keywords = {development jobs unemployement}, language = {English}, month = {March}, number = 3, pages = {80-89}, timestamp = {2024-04-10T04:02:32.000+0200}, title = {The Impact of Small and Medium-Sized Businesses on Employment Prospects: Case of Water Resources Industry in Sierra Leone}, url = {https://www.ijriar.com/docs/2024/2024-march/IJRIAR-09.pdf}, volume = 8, year = 2024 }