Starting A Business Is A Difficult Task For Anyone, Despite Their Age

As we enter the 21st century, the world is full of opportunities for entrepreneurs. The opportunity is what many entrepreneurs chase after. Just the idea of starting a business excited them. Entrepreneurs are people who have characteristics of a high need for achievement, a willingness to take moderate risk, strong self-confidence, and a passion for the business. We all question what is the best age for getting started. There is really no simple answer to that question. Most businesses require some background knowledge. A certain amount of time is usually required to gain the education, experience, and financial resources of starting a business. According to the textbook “Small Business Management” by Longenecker,

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

First of all, why would you want to start a business in the first place? Most people think that the reason for starting your own business is so that you can make a lot of money and retire rich. This is a great idea but it is not the real reason that people take the risks of entrepreneurship.

With a plethora of new ideas, innovations, skills and opportunities, entrepreneurship has become a new trend in employment across the world. It is a good way to alleviate the pressure on employment. Entrepreneurship can improve economic efficiency, bring market innovation, increase employment opportunities and maintain employment levels (Shane, & Venkataraman,2000). Keeping this in mind, in the recent years, universities now focus their attention to promote entrepreneurship through education so as to instill motivation, confidence, interest and

Global Entrepreneurship Monitor (GEM), which provides an annual assessment of the national level of entrepreneurial activity (including research data from over sixty-nine countries), posits that one-third of the differences in economic growth among nations may be due to differences in entrepreneurial activity. Governmental units, society, and educational institutions worldwide have documented that the individual entrepreneur is critical in the development of new business ventures (Hisrich, Langan-Fox & Grant 2007). In contemporary times, uncertainty about economic stability is rising. As a result, students are “now faced with a wider variety of employment options, the probability of ending up with a diversity of jobs, more responsibility at work and more stress” (Henry, Hill & Leitch 2005) making entrepreneurship a more appealing options for future graduates. Entrepreneurship skills provide students with more flexibility in their career. They know that starting their own business at any point in their life is still an option due to economic crisis, downsizing or other events. This is also confirmed by the literature on Youth Entrepreneurship, to which Student Entrepreneurship belongs. As Henderson and Robertson put it, “young people are likely to experience a portfolio career consisting of periods of paid employment, non-work, and self-employment (2000). Additionally, according to the latest report from the Kauffman Foundation (2013) it is a global phenomenon: “Among young

The reasoning for young teens to consider starting their own buisnesses is a great idea. There are alot of teenagers who are smart, ambitious and are very much interested in becoming young entrepreneurs. There are already some teens who have turned hobbies or things they like to make or do into a way to earn cash. In several cases, not only have these ventures turned into more than wonderful ideas but also small buisnesses which became

From my upbringings inside my parents’ takeout restaurant to starting my own business, entrepreneurship was destined to not only be a scholastic interest but also my personal passion and life-long devotion. As I grew up watching my illiterate parents move to the United States and build their own small business, I learned the importance and value of engaged entrepreneurship. In high school, I began applying that knowledge in my own venture: an export company specializing in consumer discretionary. The experience fueled my love for entrepreneurship because it taught me how essential it is

Starting anything can be extremely difficult. Whether it be starting a new job, school, or even a family everyone has or will start something. In most cases, individuals learn best by experience. One cannot experience unless he or she starts. Because I love to start things that are generally chanllenging to others, I decided to start an online accessory company: The Purple Collar LLC (limited liability company). I have been told on several occasions that I am an old soul. I decided to take these words and utilize them to do something that I was interested in. I have wanted to be a CEO since I was in the 4th grade. I asked myself, “Why wait until you are old to be mature and do appropriate grown up things?”

We must be proactive making things happen instead of waiting to make things happen, but we have less risk than leaving things to chance. Starting your own business is a risk you have to believe in yourself and be will to take the risk even when things don’t seem to be perfect. There are two options if you fall on your face you can either learn from it and try again not making the same mistakes or give up.

secretary of education states that “high-quality education" that encourages "creativity, imagination, and ingenuity’”. It is true that thirty percentage of startup business failure reasons of “unbalanced Experience or Lack of Managerial Experience”, followed by “lack of Experiences in line of goods or services” is about eleven percentage. Interestingly, company competence occupied the highest rate of failure of 46% (Statistic Verification, Entrepreneur Weekly, Small Business Development Center, Bradley University, university of Tennessee Research). In addition, successful entrepreneur usually possess “highly motivated and willingness to take initiative to execute duties” and have appropriately responsible to their activities, decision, and company’s outcomes.

Every start-up needs financial support to achieve high aims. Global economy conditions have come up with some reality base difficulties for new start-ups but these difficulties cannot delay the establishment of entrepreneurial companies. On the other hand, challenges of globalisation are bothering mature companies to produce more innovative, environment friendly, qualitative and economic products or services. Automatically, it is a threat for new start-ups to be more sufficient and efficient for survival and then to be a mature company to gain marketplace. The notion of entrepreneurship varies according to the situation of the target market. New start-ups need delegation, resources and expertise to grow it and to follow different stages of business growth (Baron, 2012).

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees.

Many of us attending college at this time, attempting to gain an education, learning about business are likely aspiring owning a business in the future. Whether it’s a small business or large corporation overtime, it will likely have to start from the ground up. As start-ups, there are many obstacles new business owners may have to understand and overcome to have initial success.

There are two sides to every debate, and the "what makes an entrepreneur" argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students looking to be entrepreneurs. The truth is that both sides are right and it's time for a compromise: Entrepreneurs are born and made. Some people may be natural entrepreneurs and immediately open a business, others will have studied and