CHALLENGES FACED BY YOUNG ENTREPRENEURS AND HOW TO OVERCOME THEM

Abstract

The youth experience various barriers in their business which include; access to capital, appropriate role models, and channels. aditionally, psychological barriers like stress, and questioning the self. Such barriers are significantly offered in developing locations as there are superior infrastructural hurdles as well as restricted business environments. This paper aims at identifying some of the major challenges experienced by young people intending to engage in entrepreneurship, and discuss how challenges could be overcome with interventions such as mentoring, networking, and tailored support initiatives. The current study asks the following questions: What are the most important concerns for young entrepreneurs aged 18-24? This research provides recommendations for overcoming challenges in helping these young adults succeed. The implications help to explain how it is possible to create an effective intervention package that will support a young person to turn a threat into strength.