Due to lack of work, more and more young people want to start their own business. While some succeed, others face obstacles. Before I start my own business, young entrepreneurs face new challenges! Will they know and cope? Believing that you are a company when you are young, are you an asset or a handicap? Lighting.
And is there an age to undertake?
If we stick to the essentials, the word undertake means “to take action”, to do something by oneself”. Young people are therefore particularly enterprising. The main thing is to be ready to take action and have an idea. In addition, young people have a taste for adventure, action, discovery of themselves and others. They also want to give meaning to their professional, personal and social life. So, of course, there is no age limit for entrepreneurship. On the other hand, to be well prepared to face all the difficulties and challenges, it is important to know all the opportunities available to young entrepreneurs. We must consider all avenues and clearly identify all possible needs and resources. It is also important to consider the choice of having partners or not.
The strengths of young designers
The strengths of young creators are numerous, but they must know how to take advantage of them. Young people are not only passionate, but also enthusiastic and creative. So they have everything to succeed and to get started. Young people also have fewer preconceptions and received ideas and generally do not yet have family responsibilities. Allowing them to better focus on their work. This also leaves them time to mobilize fully on their project and prepare it in the right conditions. Not to mention the recklessness and audacity necessary not to stall in the face of the risks involved, because they have less to lose than older creators.
As in all things, young entrepreneurs could also face difficulties. There are 4 main ones:
- The lack of professional experience and knowledge of the rules of the game: whether in the economic, administrative and social fields. Becoming an entrepreneur overnight is not easy. They could not bear all the responsibilities that this task invokes.
- Weak financial means: the problem is often encountered at the start because of the lack of capital. They may not have had enough time to save money, it will not be easy for them to convince a banker.
- Lack of preparation time: very often, these young people have not had enough time to be accompanied by business creation professionals.
- During the first months or even the first year of the company, they kiss to carry out a parallel paid activity.
Today, training in business creation is numerous and incubators, nurseries, incubators, etc. make it possible to acquire skills in a few months that are far from negligible. In addition, they can meet business angels and investors through this channel who can provide advice and sometimes financial support.