Are you young and inexperienced?
No worries. You can succeed as an entrepreneur even if you are young and inexperienced. Young people around the world are launching early-stage businesses, and a good number of them are succeeding at a tender age. Youngsters are seeing entrepreneurship can create opportunities for them unlike any other career path, including scribes under the age of 18 who have been seeking untraditional ways to share their written word with the world.
Mark Zuckerberg founded Facebook at age 20. Today Zuckerberg is one of the wealthiest people in the world valued at more than $30 billion. British entrepreneur Carl Churchill started his first Web design business at age 12 and is now expected to generate a net worth of £100 million by 2020. Mac Bowers, 15, self-published the 112-page “Running Scared” through iUniverse in February of 2012. The hardcover sells for $17.52 on Amazon. Even Steve Jobs and Steve Wozniak founded Apple Inc., one of the most successful tech companies in the world, at 21 and 26 years respectively.
The list of young and successful entrepreneurs can go on and on. And it is awe-inspiring to think about how early these entrepreneurs got their start. According to a survey by the Kauffman Foundation, the plan to start a business over other careers has risen for young adults, ages 18-21, from 19% in 2007 to 25% in 2010. In the US, alone, almost 5.5% of Americans, ages 18-24, were launching early-stage businesses in 2010 and making good progress, according to The Global Entrepreneurship Monitor that tracks early-stage entrepreneurial activity.
So, you can indeed succeed as an entrepreneur even if you are young and inexperienced. However, to succeed as a young entrepreneur you must beat the odds stacked against you. And you need all the advice and inspiration you can get from those who have been there and done that because the odds are, honestly, not in your favor.
The advice in this video may seem simple to some, but it is something that is a must know for any up and coming entrepreneur no matter which industry you are involved in. Find yourself mentors, put yourself in situations that encourage growth, and take yourself seriously even in the face of opposition.
Watch, learn and enjoy!
Spotlight book of the month
by Daymond John
If you are a fan of great stories about how entrepreneurs have risen from humble beginnings to start successful businesses from scratch, The Power of Broke is a must read.
Shark Tank star and Fubu Founder, Daymond John embodies this in true form through his origin story and inspiring rise to fame narrated within The Power of Broke.
This motivating business book will give you a boost, and help you scrape, hustle and dream your way to the top.
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