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CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

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Page 1: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

CHALLENGES FACING YOUNG ENTREPRENEURS

- lack of experience

- lack of knowledge

- no credit history

- no collateral

Page 2: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

HOW TO GAIN EXPERIENCE

BENEFITS FOR YOUR FUTURE

BUSINESS

- part-time job

- summer job

- volunteer work

- school leadership positions

- learn about how to act in a business

- develop contacts

- networking

- savings

- firsthand knowledge

Page 3: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

STRATEGIES FOR ENTREPRENEURIAL SUCCESS

1. Think first – PLAN Your business idea

• Consider all problems from all perspectives. This allows you to anticipate and overcome obstacles before they arise

• Impulse decisions can be bad decisions

Page 4: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

• 2. Believe in Yourself

• Resist pressure to conform.• Be confident in your own abilities• Entrepreneurial insight is a unique

way to see opportunities.

Page 5: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

3. Enjoy the Challenges

a venture should be

- challenging

- allow you to be creative

- suit your personality

- be compatible with your goals

Page 6: CHALLENGES FACING YOUNG ENTREPRENEURS - lack of experience - lack of knowledge - no credit history - no collateral

The Summer Questions…

1. Where are you going to work this summer? Describe your job including the tasks that you will perform at that job.

(if you don’t have a job lined up, make it up – always lie when you don’t know)

2. Where do you see yourself working in 5-10 years? Describe that job.

3. Describe how you might use technology ie computers in a future job?