Young Entrepreneurs Face Higher Hurdles

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March 21, 2007 by Rich Whittle | 1 Comment

Startup Journal:

Young entrepreneurs are again taking the startup plunge. And why not? It took only 21 months for two twentysomethings to launch and sell YouTube for $1.65 billion.

Still, before the big payoff, many start-ups struggle to find enough funds or clients to get going.

“Money is one of my biggest concerns, says Josh Smith, a 20-year-old junior at the University of Maryland in College Park who recently created his own record label called Indie Street Records.

For all the YouTubes, thousands of young entrepreneurs like Smith face the daily frustration of having a business idea but the inability to get a foot in the door with potential investors or decision makers that can turn a business idea into a reality.

Here are five strategies that may help you increase your odds of success when pitching a business idea to a new client or investor.

1. Be persistent

2. Partner up

3. Hire the connections

4. Stand out from the crowd

5. Launch it anyway

Photo by picturequest.