The young entrepreneurs in Dhaka : reasons to be an entrepreneur & hurdles to overcome as an entrepreneur

Abstract

This study highlighted several aspects of young entrepreneurs. It aims at presenting the profile of young entrepreneurs, identifying the major reason to start their own business at younger age and pinpointing the foremost obstacles they faced in doing the business. The study was conducted on 50 young entrepreneurs of Dhaka city. The profile of the young entrepreneurs presents the information related to their age and marital status when they started the business, academic profile, career plan, and, types and ownership status of their business. The study identified that positive motivations such as independence, higher monetary return, creativity, etc. played major role to start their own business at younger age. It also reveals that young entrepreneurs face several youth-specific problems in starting and doing their business such as, lack of access to capital and credit, lack of trust among supplier and customers, lack of family support, lack of experiences and skill, etc. The findings of the study have some important implications for the researchers in the area of entrepreneurship and the policy maker.