The obstacles presented to young entrepreneurs today are immense both in scale and volume. Most of these problems however are manageable. All that it takes is a little bit of applied experience and knowhow. Empowering young people with access to these skillsets will make their experience less daunting and more achievable. All entrepreneurial startup attempts share common problems getting started. Although this list is not an exhaustive one, it does point out the main problem categories: (1) Creating a functional structure – Creating a business requires a degree of setup which is all too common. A budget, a roadmap, facilities, expenses, a presence (both legal and marketing wise), these are but to name a few of the activities that these young entrepreneurs will need to engage in. Getting the right advice and a boost in the right direction will allow these young people to gain a fair advantage; (2) Avoiding the Startup Graveyard – A great idea can end up unnoticed and unsuccessful. Quite often this is due to lack of access to business and technical knowhow, as well as access to the right resources.
We’d like to propose an idea to combat the startup problems young entrepreneurs are facing though the establishment of ‘Yubiz’. We believe it’s about getting a fair chance and young people in an economic crisis environment get a lot less than that. Yubiz is a novel web–based platform that offers a collection of tools and services designed to help young entrepreneurs to create their business, promote their ideas, find support and establish relationships. Its purpose is to offer these young entrepreneurs the basic building blocks required to run their business. In short, Yubiz, will enable young entrepreneurs to enlist, register their idea and business and gain access to a wealth of services, tools and facilities that include but are not limited to: real people consultations, collaboration tools, talent and partner sourcing, and funding.
Development of the platform will be put forward by a group of talented people already backing the Yubiz idea and with a great deal of experience in startup business, crowd funding and web platform design. This team will be enriched with the contribution of young people across the affected communities. It will be a multiphase development process with the first phase consisting of focus groups setting the high level requirements. These focus groups will involve people from multiple disciplines and industries as well as involvement from young entrepreneurs. The second phase will involve the built of a prototype system that will allow us to re-engineer the roadmap into a more specific and solid set of requirements based on more accurate feedback across volunteer users/testers. Finally the third phase will involve the development and deployment of the Yubiz system as a first release.