Challenges In Capital Acquisition For Young Entrepreneurs (KEY IJP************349)

• Ms.maria Joefi, Ms.nasrin Banu

Abstract

The critical financial factors influencing young entrepreneursaccess to capital, specifically focusing on types of capital, business plans, and credit scores. While entrepreneurs recognize the importance of various funding options such as equity, debt, and grants, many face difficulties in selecting the most suitable source of capital for their businesses. Additionally, a well-developed business plan is essential for attracting investors, but entrepreneurs often struggle to create plans that effectively convey their business strategies and goals. Lastly, credit scores play a pivotal role in obtaining traditional financing, and improving these scores can significantly enhance funding opportunities. This paper synthesizes existing literature on these factors, identifies challenges faced by entrepreneurs, and offers recommendations to improve their ability to secure funding.