Entrepreneurship, why young=win

Surely all of us have heard of big time entrepreneurs and many of us aspire to be like them (whether for monetary gain or not). What sets them apart is a keen ability to see an opportunity and take advantage of it. That, along with a lot of hard work, devotion, resolve, self-confidence and a motivation to take risks enable these entrepreneurs to not only succeed, but also to make it big.

Michael Dell saw a need for custom-made computers and was running a $6 million business while still attending school.

Mark Zuckerberg saw a need for a social networking site. By the time he was 23, he had a net worth of $1.5 billion according to Forbes magazine with 66 million active users for his Facebook.

Young entrepreneurs who became millionaires in their 20s and 30s seem to cross over all lines of business and come from all walks of life and educational backgrounds. The difference between the youth and adults is the amount of life experience they actually have. As adults, knowledge of consequences of a failed business scares them more than motivates them to take risks; experience tells them whether a risk is worth taking or not. However, a young teenager without experience/influence of life would only concentrate on the processes and the end goal rather than the risks involved. That, is the youth’s greatest strength in their journey to entrepreneurship. As emphasized by Bill Cosby.

In order to succeed, your desire for success should be greater than your fear of failure. – Bill Cosby

For those who are the younger generation (however you define that), it can be easy to think that because you are younger, people don’t expect as much of you. You don’t have to be a
professional because you’re young and people will simply write that off as being a part of who you are. However, while you are young, you are still expected to be professional. Thing with the internet is that you are only young if you admit it. People only focus on what you sell and what you say, not your age. Deliver what is promised, just with any site you visit. At the same time, because you are young, you probably do things because they seem like a good idea, which is a great attitude to have. Instead of sitting around and thinking every single stop of your business through. Sometimes you just have to take risks and do things that seem crazy to others, the craziest ideas often win.

There’re many advantages of being young. Firstly, you’re more energetic. Yes, those late nights are going to be much easier on you. You can stay up a few nights to get and important project done or to work with a new client. You are more productive because you have more energy.

You’re more in tune with new ideas and movements. You’re probably on social media more, so you’re hearing all of the good ideas that are brewing in the world. This allows you to create what you head and turn those ideas into something that hasn’t been done before.

Lastly, you can make mistakes and start over, even if you make a mistake or something goes wrong, you can start over and over and over again.

Success is walking from failure to failure with no loss of enthusiasm. – Winston Churchill

Being young and an entrepreneur is a combination that will take you far, but you still need to get started, stop talking and start doing what you love to do.