Younger entrepreneurs can meet with a number of challenges due to their age. Along with all the stress and difficulties of developing a new business, young entrepreneurs may encounter biased attitudes or be branded as a stereotype by older people they have to deal with. This can form additional barriers to becoming established and respected in the business environment. Here are the top 7 challenges you're likely to face as a young entrepreneur.

When you hear the word psychology, what comes to mind? An asylum filled with raging lunatics and a man in a white coat walking around, nonchalantly jotting down info on a sheet of paper?