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Couple of decades ago, there was not much support from the families if their children wanted to start a business. This was especially true with parents who have worked for decades in a regular 9 to 6 job and do not have a business background. The fear of the unknown and how their children will manage their future made them think this way. The financial insecurity which comes with any business till the business starts and the unknown associated with making profits is also a major reason for families not supporting entrepreneurship as a career. As any business might collapse due to external parameters and people end up in debt, parent’s preferred their children to get a secure job. However, the trend has changed in recent times.
Survey suggests that youngsters, who pass out of either management or engineering college, have a passion for business. They want to be entrepreneurs and be creative. With innovative ideas for business and passion for the same, they refuse to settle for a normal job. Seeing their passion and drive for their business ideas, most parents encourage them to forgo regular job and try their hand in business. There are also different banks which support small scale businesses which provide loan for a feasible business idea. A good business plan can help in securing these loans.
However, nothing can compromise on the hard work and diligence that an individual has to put in to succeed in his or her business. The fact that more and more youngsters are moving in this highly risky path proves that youngsters are surely interested in doing business.