Daniel reveals why entrepreneurship may just be the right thing for you. He says its a great time to be in business as a young person now.
Young entrepreneurs can be seen everywhere. They could be seen on the streets, selling lemonade from stands to operating successful web shops. Many entrepreneurial teenagers often have entrepreneurial parents, its а trait that seems to run in families, including mine. From the young entrepreneurs that I have met in my time, I have found that it’s often the case that when an entrepreneurial parent or both parents work from home, children often receive far more attention and flourish. Of course that’s not а hard and fast rule, young entrepreneurs appear from every situation and from every country under the sun.
One of the great recent inventions which has led to the increase in young entrepreneurs is the advent of the Internet. The possibilities for us are endless. There are thousands of bright young people already earning substantial incomes that will get through college and university financially stable and graduate debt-free, with the added advantage of knowing how to run а business effectively. It is often the case that many young business people learn the real skills of operating a business effectively, not from what they learn at university but by doing it yourself.
We’re entering into every aspect of the Internet, from network and affiliate marketing, blogging, graphic design and software engineering. It’s often the case that we have the added advantage over other people already in business because we are usually much more aware of all that’s new on the Internet and in the world of technology.
We make and produce videos, create content and efficiently navigate social media. New software and hardware doesn’t give us the slightest problem and social media networking is second nature.
It’s an exciting future for young entrepreneurs, with millions of great opportunities to start and run their own business without ever having to start working for a company where we start in menial positions, earning minimum wage. This is especially true during the recession. A master’s degree doesn’t mean a thing if there isn’t a job available for you.
Some teenagers have come through the recession with their parents, and may have watched the effect that unemployment has had on household budgets and may have watched relationships between parents deteriorate due to poor financial situations. This has proven to be the motivation for many successful modern day entrepreneurs.
While some older people may fall into the trap of thinking that everything possible has been done or invented, young entrepreneurs are entering competitions with robotic creations, creating next generation of game software, inventing innovative products and looking in to the future.
In today’s world we regularly use many things which have been invented by young entrepreneurs, possibly without knowing it:
Mark Zuckerberg’s (27) Facebook, currently valued at around $75 billion.
Blake Ross (26) and David Hyatt’s (39) Mozilla, valued at around $3 billion.
Matt Mullenweg’s WordPress, which distributes content now available all over the Internet.
All of these guys were in their teens and early twenties when they came up with these innovative ideas. They focused on the idea in the beginning, and the money came later. This is a great lesson we can all learn from them. Too often, we try to start our businesses focused on the money and not the business, then fail.
Many young entrepreneurs are not hobbled by suffocation 9 to five jobs, children, mortgages and responsibilities like older people often are. We’re free toy use our minds which are uncluttered by such concerns and therefore we see the world differently, without thee encumbrances.
It’s a great time to be a young entrepreneur!
Daniel Johnson is a an enthusiastic and passionate Young Entrepreneur. He is currently at Sixth Form and is considering doing a business degree at university. Daniel’s main website is http://theteenagemillionaire.co.uk where he shares business related articles and interviews for other young entrepreneurs.
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