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Obstacles young business owners face?

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Old 08-17-2006, 11:45 AM
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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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