With Entrepreneurship programs flourishing in Universities, we are seeing more and more young entrepreneurs walk through our doors.  All entrepreneurs face similar challenges, but young entrepreneurs may face an additional one: a credibility gap.

A recent Kiplinger article points out that wth limited work experience, minimal or no credit history, and a skimpy resume, young entrepreneurs may find it more difficult to be taken seriously. 

The article offers six steps young entreprenuers can take to reduce your “credibility gap”.   Some of the advice is similar to that we give to virtually every entrepreneur that walks through our doors, some is very helpful to younger entrepreneurs. 

The six steps are listed below.  If you are a young entrepreneur, or are thinking of becoming one, the full article offers some very solid advice.

Young Entrepreneurs Six Steps to Starting Your Own Business

1. Get some experience
2. Build a winning team
3. Fight inexperience with advice (from NEOinc, perhaps?)
4. Write a bulletproof business plan
5. Raise money
6. Follow the money

Best of luck to you in your new venture.