First Generation Entrepreneur

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1st Generation Entrepreneurship | Dr. Vikrant Bhujbalrao | TEDxSeasonsStreet
TEDx Talksยท 2025-08-08 15:06
Challenges for First-Generation Entrepreneurs - First-generation entrepreneurs often lack deep understanding and support from their families due to the family's unfamiliarity with entrepreneurship [4] - Ideas may not be commercially viable, and first-generation entrepreneurs may lack access to expert opinions for validation within their family circle [5][6][7] - Securing funding and resources can be difficult due to the lack of family support and understanding of the business [8][9] Solutions and Strategies for First-Generation Entrepreneurs - Acceptance of their unique position as a first-generation entrepreneur is crucial, recognizing their potential and power [11][12][13] - Building an external support system by connecting with second or third-generation entrepreneurs, mentors, and investors is essential [14][15][17] - Continuous learning and self-improvement are necessary to compensate for the lack of inherited knowledge and resources [18][19][20] - Creating a supportive environment within their own family for future generations to encourage entrepreneurship [21][22]