European guide for graduates interested in business

The financial meltdown and employment instability seem to stimulate young people to go into business.

A programme supported by the EU guides future entrepreneurs in Cluj and Bucharest, who learn how to make their first business plan, how to spot opportunities and markets, design products, set prices or choose partners.

Setting up your own business and the perspective to stand on your own feet are tempting for anyone.

Young people especially are using this method to face the hard economy.

The internet is among the most effervescent.

According to a young man who attended the classes for future businessmen, starting an online business does not require that big a capital, the only obstacle is market resistance.

‘It is easy and at hand for people my age. You don’t need that many resources. It depends on the quality of your site’.

‘Without any experience, though, it is hard to stay on the market. In this respect, authorities and the business world are making efforts so that future entrepreneurs understand how they need to approach a new business’.

Marius Ghenea, entrepreneur, says that the opportunity of a business must be carefully checked.

‘Most often, young entrepreneurs have interesting idea, but don’t check to see what their real business opportunity is’.

‘Moreover, they have to check to see to what level they can set up and develop a business with the resources they have, or can get,’ he also claims.

There are also the experience of the person that starts the business and their partners to consider.

Apart from that, young entrepreneurs often miscalculate the financial resources they have to see the project off.

Translated by: Gabriela Lungu
MA Student, MTTLC, Bucharest University