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Obstacles young business owners face?

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  • Obstacles young business owners face?

    Here is an interesting view of what young business owners face. What would you add to the list?

    Business owners in their 20s meet big challenges - Young business owners face two key obstacles

    According to Don Bol, chairman of the local chapter of Score, young entrepreneurs face two significant hurdles in getting a business off the ground: lack of capital and lack of management skills.

    Bol said Score, a volunteer group of retired small-business owners loosely affiliated with the Small Business Administration, encourages entrepreneurs to start out by writing a business plan.

    “If you are going to take a trip, you need a map to show you where to go, and that’s what a business plan does,” he said. “We find that a lot of young people have not really thought through what they want to do, and that’s what a business plan does.”
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