CHALLENGES AND BARRIERS OF EUROPEAN YOUNG ENTREPRENEURS

Difficulties faced by young entrepreneurs across European Union - such as youth unemployment - remains important, and there is increased awareness for European Union policy makers about the economic and social consequences associated with them. Considering the high potential of entrepreneurs to create jobs and sustainable development, promoting youth entrepreneurship and making Europe more entrepreneurial has become in the last years a priority on the EU policy agenda. Entrepreneurship is not a miracle solution for solving the youth unemployment crisis, as only a minority of young people have the right skills, ideas and personality traits. However, making Europe more business-friendly and helping young people transform their creative ideas into successful business plans by removing the barriers to entrepreneurship has many potential benefits, including direct and indirect job creation and the development of human capital and new skills.