As a Delegate of the United States for the G20 Young Entrepreneurs' Alliance, this is a recurring question. Young entrepreneurs require a great deal of support and entrepreneurship must be seen as a valid and respected career option for young individuals who are studying in a liberal arts education. At the G20 YEA Summit, the US ranked as number one in entrepreneurship culture compared to the other G20 countries. As a delegation we discussed that despite the ranking, we as young entrepreneurs face numerous issues from innovation and technology, age and gender equality and the perception of entrepreneurship being a sustainable occupation. In innovation and technology, we must bring young minds to more traditional industries as innovation is outperforming our ability to execute. Young individuals are not learning the necessary skills in time with the rate of growth and technological advancements.
Regarding your question, I believe that young entrepreneurs often have a lack of confidence when they are just getting started. They are risk-averse and this leads to the idea of failure. Failure is sometimes inevitable for businesses and young entrepreneurs must understand that. Reaching out to successful entrepreneurs and hearing their stories is crucial. I would love to continue this conversation with you by offering a call for follow up discussion.

Answered 7 years ago

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