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The young, the fast and the furious: a study about the triggers and impediments of youth entrepreneurship

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  • Willem Hulsink
  • Daan Koek

Abstract

Existing literature argues that young entrepreneurs lack the human, financial and social capital to establish a growing business. Since opportunity costs for them are low, there are also a few triggers for start-up entrepreneurship, which brings us to our research question: What are the triggers for starting a business at a young age and how do young entrepreneurs mitigate the lack of education, experience, knowledge and other critical resources in the start-up process? Twelve entrepreneurs younger than 25 were interviewed, although they clearly lack the human, social and financial capital needed to start a new business, they do not experience this as a disadvantage. Young entrepreneurs deal with these issues by using bootstrapping and effectuation mechanisms to accommodate financial capital constraints and mobilise social support from their parents and other entrepreneurial family members and friends. By taking part in all kinds of small-scale ventures and by being granted access to additional opportunities and introductions to new customers by senior managers of established companies on the basis of their originality, creativity and energy, young entrepreneurs acquire the experiences and the contacts they need for their next entrepreneurial step.

Suggested Citation

  • Willem Hulsink & Daan Koek, 2014. "The young, the fast and the furious: a study about the triggers and impediments of youth entrepreneurship," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 18(2/3), pages 182-209.
  • Handle: RePEc:ids:ijeima:v:18:y:2014:i:2/3:p:182-209
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    Citations

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    Cited by:

    1. Shirokova, Galina & Osiyevskyy, Oleksiy & Bogatyreva, Karina, 2016. "Exploring the intention–behavior link in student entrepreneurship: Moderating effects of individual and environmental characteristics," European Management Journal, Elsevier, vol. 34(4), pages 386-399.
    2. Ada Domanska & Robert Zajkowski, 2022. "Barriers to gaining support: a prospect of entrepreneurial activity of family and non-family firms in Poland," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(1), pages 191-224, March.
    3. Maha Aly & Galal Galal-Edeen, 2021. "Why is Germany less entrepreneurial? A behavioral reasoning perspective," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1376-1416, October.
    4. Alexander McKelvie & Gaylen N. Chandler & Dawn R. DeTienne & Anette Johansson, 2020. "The measurement of effectuation: highlighting research tensions and opportunities for the future," Small Business Economics, Springer, vol. 54(3), pages 689-720, March.
    5. Saavedra García, María Luisa, 2020. "El desempleo juvenil en Latinoamérica y el emprendimiento de estudiantes universitarios," Revista Tendencias, Universidad de Narino, vol. 21(2), pages 283-305, July.
    6. Bogatyreva, K. & Shirokova, G. & Osiyevskyy, O., 2016. "Intention-behavior translation in student entrepreneurship: An institutional perspective," Working Papers 6455, Graduate School of Management, St. Petersburg State University.
    7. Marian Holienka & Peter Gál & Zuzana Kovačičová, 2017. "Drivers of Student Entrepreneurship in Visegrad Four Countries: Guesss Evidence," Central European Business Review, Prague University of Economics and Business, vol. 2017(2), pages 54-63.
    8. Cirstea Petronela & Anagnoste Sorin, 2023. "Young, Wild & Entrepreneurial: Generation Z’s Affinity for Entrepreneurship," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 930-947, July.
    9. Ioannis Sitaridis & Fotis Kitsios, 2019. "Entrepreneurship as a Career Option for Information Technology Students: Critical Barriers and the Role of Motivation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 1133-1167, September.

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