To become a successful entrepreneur you need good ideas, a little luck, money and lots of hard work. 90% of successful people fail, which means to gain something (profits, equity etc) you must first lose something (your initial investment). Phat-farm is a multimillionaire company whose owner Russell Simmons lost 10 million dollars in the first five years.
A lot of experience and resources is not required but to become a successful entrepreneur you need to have passion and persistence.
Young people have a fresh perspective on the world. This perspective helps them to see many opportunities that were till now not been exploited. The founders of Microsoft, Dell, HP, Hersheys, Apple and Forex will vouch for you.