Youth face barriers to entrepreneurship in the areas of social attitudes, lack of skills, lack of work experience, under-capitalisation, lack of networks, and market barriers.

The GUESSS (Global University Entrepreneurial Spirit Students' Survey) study conducted in Lithuania in 2021, in which 2154 students from higher education institutions throughout the country - 12 universities and 17 colleges - participated, showed that:
1) Lithuanian students feel the lack of practical skills that can really help to establish and manage a business. The concept of "learning through experience" could help to solve this problem;
2) almost half - 40 percent. - Lithuanian students would like to start a business, but postpone it for the further future, i.e. for at least five years after graduating from high school;
3) Lithuanian students lack courage and self-confidence;
4) students, when assessing opportunities for business management, rate lower their product development, innovation management or general business management abilities.

Experiential learning is especially needed for entrepreneurial students.

The data of the GUESSS survey are valuable in the preparation of entrepreneurship promotion measures. One of the measures intended for young people is the "Laboratory of business development and ideas for youth (up to 29 years old)", which will be opened in 2023. it is planned to be implemented through the Public Enterprise "Innovation Agency". The laboratory is dedicated to ensuring the continuity of the development of entrepreneurial competences of young people, encouraging them to create their own businesses and testing business ideas (hypotheses). This measure will extend from 2021. the 9-12th grade schoolchildren's entrepreneurial competence development program is being implemented, as young people will be encouraged to continue creating their own business, test their business ideas, and secure the opportunity to work independently in the future.

It is very important to promote the partnership of Lithuanian business enterprises and educational institutions, because in this way students and teachers get a feel for real business life, see real examples of how a business idea is implemented, its development stages and results. Only by effectively educating secondary school students will we be able to wait and enjoy their achievements in business.

In March 2024 research/survey published Youth entrepreneurship trends in 2023. There is a growing need for help in overcoming bureaucratic and administrative hurdles, while information and assistance in starting a new business is more abundant than ever. In addition to business consultants, accounting companies and financial literacy specialists, organizations such as "the Innovation Agency" and cooperation centers "Spiečius" also play an important role. Despite economic uncertainty and prevailing geopolitical tensions, young people remain the most positive group of society in terms of willingness to start their own business in the near future. Among respondents aged 18-29, 27% of respondents plan to start their own business in the near future (this year or in the next 1-3 years), among respondents aged 30-39 - 20%, in the age group 40-49 - 14%, among older respondents there were less than 10% of those planning to start their own business in the near future, according to the data of the entrepreneurship survey of the residents of the Baltic countries conducted on behalf of SEB bank.