Methods of stimulation of youth entrepreneurship in modern conditions

The article discusses the role of youth entrepreneurship in the sustainable development of the country’s economy and methods of encouraging young people to enter entrepreneurial activities. The purpose of the study is to identify effective areas for supporting youth entrepreneurship in the Russian Federation. Active and enterprising young people have a significant impact on the development of the economy of their country, in this regard, their potential must be developed and used. Youth entrepreneurship by itself cannot, of course, solve all the problems of today’s economy, but it can help reduce youth unemployment because job creation is a natural result of business growth. According to various statistics, today’s younger generation is interested in starting their own business, but when creating their own business, there are many different difficulties. Therefore, it is necessary to assist young people in this matter from the standpoint of informational, organizational, financial, communication and other areas of support. In the Russian Federation, the authorities are trying to provide opportunities for self-realization of young people in business and support young entrepreneurs using various incentive mechanisms, such as improving business education, providing financial support, simplifying legal procedures, etc., realizing that a contribution to youth is a contribution to the future economy of the country.