Economic development is one of the essential tools for national progress. A nation whose government prioritises national advancement must have a good economy. Entrepreneurship is one of the best drivers for economic development.
The Role of Entrepreneurship in National Growth
Entrepreneurship, the exchange of goods and services, remains the backbone of innovation, job creation and economic vitality within a nation. Its benefits to a state can never be overemphasized.
First, there is the creation of new jobs, thereby driving productivity and reducing crime rates.
Second, the provision of innovative solutions to problems and creation of local goods which reduce dependence on exports.
Thirdly, it leads to the nurturing of a resilient and innovative culture amongst citizens.
Global Rise of Entrepreneurship
According to data provided by North One, there are about 582 million entrepreneurs in the world today. Spanning both developed, developing and underdeveloped countries, the rise of the ‘4 Hour Work Week,’ knowledge of entrepreneurship giants such as Steve Jobs, search for financial independence and a genuine concern to solve the world’s problems have contributed to this spike.
In developed cities, easier access to funding and digital tools has reduced the barrier of entry into the world of entrepreneurship. Among the less privileged, entrepreneurship, particularly sole entrepreneurship, is the key to survival.
Challenges in the Entrepreneurial Journey
Despite the increase in entrepreneurial activity, challenges remain. According to the Bureau of Labour Statistics and Guidant Financial, about 20% of businesses fail within the first year, and 50% fail within the first five years. The commonest reason for failure is an absence of market for their product or service (42%).
Entrepreneurs across developed and developing nations face hurdles such as securing capital and funding, navigating regulations and unfavourable policies, managing cash flow and building strong teams.
The rise of artificial intelligence in business also leaves many entrepreneurs uncertain about the future. Furthermore, a significant number of aspiring business owners globally lack the technical know-how and financial support to bring their dreams to reality.
Introducing UPG Biashara: Entrepreneurship Training and Grants
This is where the United People Global Biashara program for entrepreneurs comes in. Targeted at aspiring entrepreneurs and those with existing businesses, UPG Biashara’s goal is to increase productivity by equipping entrepreneurs with essential skills and access to funding.
- It is designed for individuals aged 18 and above.
- It has impacted over 1,000 entrepreneurs globally.
- It provides mentorship, training, and business grants.
The word Biashara is a Swahili term meaning ‘Business, Trade, or Commerce.’ It embodies what UPG Biashara stands for: a global entrepreneurship platform providing the right tools to build innovative and profitable businesses.
The UPG Biashara Training Program
The program includes a 6-week intensive entrepreneurship training covering key topics such as
- Financial Management
- Managing Your Board
- Customer Relations
- Funding and Investments
- Pitch Your Business
- Marketing Strategies
- How Businesses Die
At the end of the courses, participants pitch their business models at entrepreneurship pitch festivals, where selected entrepreneurs receive business grants and long-term mentorship.
Through this, entrepreneurs gain the skills and knowledge needed to become socially responsible innovators while building sustainable businesses.
How to Apply for UPG Biashara
The next cycle for applications opens on 1st September 2025 and closes on 31st December 2025.
Application Steps:
1. Visit the official UPG Biashara website.
2. Click the “Apply” button.
3. Complete and submit the application form.
4. Check your email for confirmation.
5. Follow UPG on social media for updates.
Ready to change the world, one business at a time?
Get ready to apply for UPG Biashara and start your journey toward building a resilient, impactful business today.
