IJSSER

Title: RISE OF YOUTH ENTREPRENEURSHIP DURING COVID
Authors: Bhav Khanna
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Bhav Khanna Vasant Valley School, New Delhi
MLA 8 Khanna, Bhav. "RISE OF YOUTH ENTREPRENEURSHIP DURING COVID." Int. j. of Social Science and Economic Research, vol. 7, no. 7, July 2022, pp. 1846-1852, doi.org/10.46609/IJSSER.2022.v07i07.008. Accessed July 2022. APA 6 Khanna, B. (2022, July). RISE OF YOUTH ENTREPRENEURSHIP DURING COVID. Int. j. of Social Science and Economic Research, 7(7), 1846-1852. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i07.008 Chicago Khanna, Bhav. "RISE OF YOUTH ENTREPRENEURSHIP DURING COVID." Int. j. of Social Science and Economic Research 7, no. 7 (July 2022), 1846-1852. Accessed July, 2022. https://doi.org/10.46609/IJSSER.2022.v07i07.008.
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ABSTRACT: The COVID-19 pandemic has shifted the pace of business in a variety of ways. The abrupt halt in global economic activity forced global business to either fluctuate or change direction entirely. Despite the fact that this has affected and continues to affect many businesses, owners, and working populations, young entrepreneurs have seized this opportunity to begin educating themselves about financial security and independence. Since the beginning of the pandemic, small firms and start-ups have been rising, and it appears that there is no preventing the young entrepreneurs from taking over the economy. Many of these firms were able to adjust to the pandemic and continue operating. Using techniques such as transitioning to an online service model, changing business strategies, engaging more with stakeholders, and decreasing costs, these youth businesses were able to stay afloat during the pandemic. Policymakers can undertake measures aimed at boosting knowledge of these prospects, particularly in businesses that tend to be more resistant to COVID-19, such as technology intensive sectors, which have higher postentry employment growth and contribute disproportionately to job creation. These policy interventions should attempt to provide the necessary conditions and incentives for innovative start-ups and future entrepreneurs, as well as to increase their potential and competencies to seize opportunities. Reducing barriers to entrepreneurship, such as administrative burdens, providing incentives for start-ups and entrepreneurs, ensuring that funding is available, and boosting entrepreneurial potential and training could help speed up the recovery by limiting the negative employment and innovation effects of a missing generation of new firms.

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