The Challenges, Obstacles and Barriers to Start-ups amongst the Young Essay

The Challenges, Obstacles and Barriers to Start-ups amongst the Young Entrepreneurs in the twenty-first Century Enterprise - Essay ExampleHowever, the gap between the young and old entrepreneurs differs greatly non only in terms of their real-life experiences when it comes to managing a business but also in having a reveal chance of getting bank loans for their start-up capital (Muffatto and Giacon, 2012, p. 685). In most cases, the process of identifying and learning much close the challenges, obstacles and barriers that weed impede the potential of young entrepreneurs in starting-up a business can be considered as the first step towards narrowing the gap between the old and young entrepreneurs. Therefore, by learning more about the weaknesses of the young entrepreneurs, the UK government together with the community members and the local universities can play a of import role in empowering the young entrepreneurs with self-aw areness (Lorrain and Laferte, 2006). The young ent repreneurs are enterprising people below the develop of 35 (Kelley, Singer and Herrington, 2011 Lorrain and Laferte, 2006). According to Blundel and Lockett (2011, p. 5), entrepreneurs are those person who seek to generate value through the mental home or expansion of economic activity, by identifying and exploiting new prodcts, processes, or markets. On the other hand, sociable enterprises are organizations seeking business solutions to social problems (Thompson & Doherty, 2006). ... The young entrepreneurs are enterprising people below the age of 35 (Kelley, Singer and Herrington, 2011 Lorrain and Laferte, 2006). According to Blundel and Lockett (2011, p. 5), entrepreneurs are those person who seek to generate value through the creation or expansion of economic activity, by identifying and exploiting new prodcts, processes, or markets. On the other hand, social enterprises are organizations seeking business solutions to social problems (Thompson & Doherty, 2006). As part of ide ntifying and examining the challenges, obstacles and barriers that most of the young entrepreneurs in the 21st hundred enterprise are experiencing when starting-up a business, this study will purposely examine the situation of the young entrepreneurs in a public, private, and not-for-profit organization. In bear out of the main discussion, examples will be considered in determining how the young entrepreneurs can overcome these obstacles. Challenges, Obstacles and Barriers of the 21st Century Enterprise that are Affecting the Young Entrepreneurs A lot of past(a) and current literature tackles the issue with regards to the challenges, obstacles and barriers that can hinder young entrepreneurs from setting up their own business. base on the research study that was conducted by Lorrain and Raymond (1991), one of the major problems encountered by the young entrepreneur is the deprivation of credibility given by the business and government representatives, on account of their young a ge. Furthermore, support that young entrepreneurs will receive from their friends, family members, and the community as a whole can also simulate the professional