Young Entrepreneurs Face Higher Hurdles
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.
Jeff Chavez on April 3rd, 2007 9:33 pm
Young or new entrepreneurs can significantly increase their chances for funding if they get a solid introduction to the potential investor. Is this what you are referring to in point #2 Partner Up or #3 Hire the Connections?
Jeff
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