What do you think is the biggest obstacle–either of their own making or not–that millennial entrepreneurs face?
HENRY ELKUS: Sheer density of entrepreneurs. The romanticized allure of 21st century entrepreneurship is great for the consumer but an enormous obstacle for millennials.
Because the digital age brought free enterprise to every geographic and socioeconomic sector, there are simply more entrepreneurs than ever before. Statistically, chances of success in this environment are slim. The cocktail of luck, proprietary design, networking-savvy and execution required of today’s millennial entrepreneurs is quite hard to achieve, and there is always someone else waiting to take your space if you slip.
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To read the original article: The Biggest Problem for New Entrepreneurs: There Are So Many of You - The Experts - WSJ
