-Vivek Krishna.K
Entrepreneurship is the practice of starting new organizations, particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking, as a majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities.
Young Entrepreneurs Have Challenges
Today India is producing business minds in mass numbers. However, a large pie of this portion is contributed by those aggressive teens, who face the barrier of being an young entrepreneur. Ideas which might change the way India looks, ideas which may catapult India to become a superpower, are all shattered due to hurdles. But we have the power to defeat those hurdles.
Every business involves challenges. And if a young entrepreneur does one, needless to mention the hype around it. Many people assume that a younger entrepreneur is less capable and responsible. But we are not. There are very common problems that young entrepreneur needs to overcome. Some of them are listed below.
Common Problems Young entrepreneurs face:
1. Something that pretty much all young entrepreneurs face with starting a business or running one is problems with age discrimination. 2. Getting the respect of potential clients and employees is the most common problem mentioned by entrepreneurs who started heading up their own businesses while still in their twenties. 3. The biggest problem is finding a good idea. 4. Dedication and focus. Most young people were raised in the instant gratification age, and tend to get sour when they discover that business is like a seed. A business must be nutured and allowed to develop.