To start your own business at young age is not easy, in fact, age can trigger societal stereotypes. As the result, you are seen as liability instead of asset. Starting your own business is already challenging. Added with these conflicting social attitudes can put you under stress. Surely, it can be pressuring. However, it doesn’t mean young entrepreneurs cannot become big. In fact, starting business at young age can open more opportunity for you to reach your goals. Your age should not discourage you to start. To reach the success, the way you navigate the obstacles in your ways are what matter the most.
Most common obstacles experienced by young entrepreneurs
Studies show that young generation put particularly high interest to start their own business. Even though not all of them become a successful entrepreneurs, their spirits are admirable. When you decide to start your own business at young age, you may need to be prepared of challenges you most likely to face in the future:
Age stereotypes are inevitable sometimes when you are young entrepreneur. There is high possibility that older people see you as unreliable, irresponsible, or lazy. Sometimes they just refuse to give you their trust just because you are young. However, you can fight against the stereotypes by maintaining professional conduct. In addition, treat everyone with respect no matter what age people are you encounter with. Assert your ability confidently so your passion and quality will be shown without speaking too many words.
Money issues are common obstacles most young entrepreneurs face especially in the beginning. It’s even worse when you are posed by student loans. You have little option so you cannot do much more to make better financial decision. However, you can improve your financial setting through excellent business plan. However, always remember to set realistic expectation and don’t expect profit at unrealistic amount. Success in business doesn’t happen overnight.
Rejection from people around you especially family is also one of the hardest obstacles you most likely to face as young entrepreneur. People even who have been close to you might not understand why you choose to start your own business. Family members often see uncertainty of business because many things can go wrong. They worry over you too much and doubt you in the end. To fight the feeling of rejection or isolation, you can connect to other young entrepreneurs. You can share your experiences both personal and business with them so you will stay motivated and encouraged.
Stress and self-doubt may sound easy but it is one of the hardest challenges most young entrepreneurs experience. There are many moments born when you own a business. Stress and self-doubt often creep in your mind like poison. Unsteady income, financial crisis, and unsupported families or friends can add to your stress and anxiety. It can result in discouragement that often make you want to give up. To overcome this obstacle, you have to review and revise your goals and task list to be more realistic. Navigate your way to positive things. Regular exercise and meditation may help as well.