Oguz han engineering and technology university of turkmenistan innovation economics faculty department of innovation economics

3.1 Problems of developing the entrepreneurial potential of young people in Turkmenistan.
Analysis of the development of the entrepreneurial potential of young people in Turkmenistan has shown that at present, in particular, the educational programs of higher and secondary specialized educational institutions do not contain a sufficient amount of theoretical and practical material for the development of entrepreneurial qualities among young people, in addition, state support for young entrepreneurs is also insufficient, which is often formal in nature, there are certain restrictions that do not allow young people, relying on the support of the authorities, to start a business.
At the same time, the factors hindering the development of youth potential in the field of entrepreneurship can be identified as doubts and self-doubt among young people, lack of financial resources, legislative difficulties that are difficult for young people to understand, lack of practical knowledge about doing business, and lack of readiness for long and hard work, which takes place at the initial stage when doing business, young people tend to give up in the face of difficulties, give up what they started, a high level of competition, negative changes in the country's economy, in the global macro environment. The reasons for the current situation are mainly macroeconomic, which are quite difficult to influence in the framework of regional management. At the same time, the problem is urgent, since the development of entrepreneurship allows you to provide employment for young people, get them material prosperity, people who have achieved success in their region of residence prefer to stay in this place, which means that this allows you to attract and retain people in the territory, preventing a decrease in the number and negative migration. Businesses established in a certain territory pay taxes to the local budget, pay salaries to local residents, and improve the quantity and quality of goods and services. Thus, the development of business activities has a positive impact on the state of the region.
Possible consequences of the identified problems are:
- decreased interest in entrepreneurship among young people,
- relocation of young people to other regions and major cities
- reduction of financial inflows to regional and municipal budgets,
- increase in youth unemployment,
- decline in the level and quality of life.
Let's consider ways to solve the problem in Turkmenistan at the moment.
In 2018, as a result of the implementation of measures to support youth entrepreneurship in Turkmenistan, 102,000 small businesses were created, 1057 people were trained, and 3184 people took part in events.
The Turkmenistan Entrepreneurship Support Fund is one of the most active in supporting young entrepreneurs. As part of its activities, the Foundation creates financial instruments to support start-ups and existing entrepreneurs; creates a territorial infrastructure to ensure equal access to support throughout the Sverdlovsk Region; provides training and advice to entrepreneurs and those who are just planning to start a business.
In 2018, Turkmenistan hosted the contest "Youth Plans Business" – one of the largest events for young people of Turkmenistan in the field of entrepreneurship. Young people share their business ideas, meet experienced successful businessmen at educational institutions, communicate with like-minded people and get involved in the business environment.
The results of the contest are:
- an opportunity to present your business idea at the regional level,
- the opportunity to personally communicate with successful businessmen of the region and discuss their business idea,
- communication with like-minded people and exchange of experience with aspiring businessmen,
- the opportunity to win the main prize for the best business idea and compete for leadership in 7 categories,
- the opportunity to visit the Government House at the final event with the participation of top officials of the region and business.
It should be noted that the disadvantages of the measures taken are:
- lack of financial support (free of charge) for young entrepreneurs,
− any measures related to monetary resources are developed and applied very poorly (benefits, subsidies, interest compensation, interest-free loans, etc.),
- forums for young entrepreneurs who have already achieved success in business are not being implemented (a positive, inspiring example),
− there are no programs to teach young people the basics of doing business.
Addressing the identified problems and their underlying causes can tap into and develop the entrepreneurial potential of young people in Turkmenistan.