Question

How can young, budding, entrepreneurs compete with older, more experienced entrepreneurs? Is it enough to have a novel business idea?

Answer 1

Answer:

yar do study please yar

Answer 2

The answers are as follows:

Explanation:

• Young entrepreneurs have the advantage of having lesser responsibilities on their shoulders as compared to older ones. This allows them to stay more focused on their startup.

• Youngsters do not have any preconceptions about what one should do or shouldn't. They do not bound themselves in any boundaries, they think outside the box and this gives them an unsaid advantage.

• Their willingness to take risks generally outdoes older competitors. Business is all about risks, and willingness to take them, at times proves beneficial.

• Young entrepreneurs have an upper hand when it comes to age. They have more years ahead of them to make amends and make their business more profitable.

• But certainly, having a novel business idea is not enough. Having knowledge and guidance is necessary. Keeping track of reality is much needed in the conduct of young entrepreneurs.