How Business Owners Under 30 are Different from the Rest
What difference is there between a young founder and an older one? Results, mostly...plus maybe an edge on physical energy. The great thing about our expanded online marketplace is that business owners under 30 can enter and compete with seasoned pros.
Whatever age or old you may be, you have a chance to succeed. Take a look back at your youth. What number of kids were the owners of their own lemonade stands or even walked a dog?
Today, it appears like entrepreneurs get older each year. Generation Y like Mark Zuckerberg have made it trendy to be a tech-savvy leader even at an early age. A lot of seasoned titans, like Bill Gates and Richard Branson also achieved success before the age of 30.
So...how do the young entrepreneurs fare against the veterans of their field of work? Here are some benefits and distinctions that explain how young business owners can are ahead of the curve.
To begin young entrepreneurs typically have less responsibility. Families, children bills, etc. much more are all still in the future.
Yes, they're in college and must pay a few expenses however, this is the best time for entrepreneurs who are just starting out to gain an edge in their field through conducting research and networking. A lack of risk may make it easier for entrepreneurs to take on more risk. That could end up being the exact reason why a company is created and becomes successful.
Willingness to Be Naive
The lack of knowledge can be an benefit. Young business owners are in a position where they aren't aware of the definition of what "normal" is in their industry or what the norms are.
They don't have a clear understanding of what the proper and wrongs are, and what you can or cannot do. The majority of them already are able to think outside the box and are willing to push the boundaries. This naivete is usually the key to becoming an effective entrepreneur in the age group of 30 and under.
Entrepreneurs who are younger than 30 usually are more productive. They have time to develop and acquire more knowledge.
For instance, former Kobe Bryant started playing basketball at the age of 3.
It also means that younger entrepreneurs are more likely to recover should they fail. If an 18 year old fails in their venture, it's just because they have more time to make the right solution. It's a far simpler transition than one in middle age.
Willingness to Learn and Do More
Entrepreneurs under the age of 30 possess a constant desire to improve their skills and discover more. This drives passion to run through the organization, transforming into competitiveness and a major factor that can be nurtured the right manner.
The desire to grow and learn creates an opportunity. Start with a small amount and gradually move up the ladder. It will help you gain an opportunity to gain experience, develop skills as well as networking and new connections.