Failure as a Stepping Stone in Entrepreneurship
Year: 2025
Type: article
Abstract: This paper examines the high failure rates of start-ups led by young entrepreneurs, highlighting both internal and external factors that contribute to their challenges. It explores how inexperience, poor financial management, and leadership gaps often hinder the success of these ventures. External pressures such as market competition, economic instability, and regulatory barriers are also identified as significant obstacles. The paper emphasizes how failure, rather than being a setback, can serve as a valuable learning opportunity, drawing on examples of resilience and adaptability from figures like Steve Jobs and Bill Gates. The role of mentorship, experiential learning, and supportive policies is discussed as essential for helping young entrepreneurs navigate these challenges. The paper concludes with recommendations for creating a more supportive entrepreneurial ecosystem, including enhanced educational programs, better access to funding, and targeted policy reforms to enable young entrepreneurs to turn failure into a stepping stone for long-term success.
Author: Mohit Nayan Golamari
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6968611818
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