Overcoming the Struggles of Being a Young Entrepreneur

“Twenty years from now, you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” – Mark Twain

There are no shortcuts to success. This has always been a cliché that successful businessmen and women alike will often quote especially to young entrepreneurs.

However, the young are no longer oblivious as of this time. the new generation is becoming smarter and wiser beyond their years brought about by the internet age – which elevates us a step higher than the older entrepreneurs.

There are still a few fundamental tips a young aspiring entrepreneur can gain from the veterans in the field.

 

Develop a can-do personality.

One downside of being young is being immediately branded as inexperienced. Often, you’re not taken seriously. But take it as a chance to prove them wrong. Earn a lot of experience as you can. As what they say, starting young is good as the young still has room for growth.

Get help.

When you’re starting a business, make sure to have a great circle of friends and supporters who’ll cheer you up in your entrepreneurial journey. Not only that, they can also help you increase your own circle of influence, give great advice when you ask for it and share with you important information that will be valuable for your business.

Get real with fund limitations.

Things just cannot grow alone. Whether or not you’re financially capable, please choose first a business that requires minimal capital. Start from there, and see where it will find you. To those who are financially challenged, you can always ask help from your family for funding, or get a loan.

 

Don’t be afraid to fail.
You’ve decided to become an entrepreneur because you think you have an idea that can solve a problem to help people. Just don’t expect that everyone will think the same. A business’ chances of success will always be 50:50. Though there are some things you can do to make you risk of failure lesser, that doesn’t mean you’ll not fail. Just be ready when that time comes and take it as a lesson learned. Next time for sure, you’ll do better.

 

Read.

Arm yourself by reading a lot of great books and resources to gain more knowledge and insight about what it is to become an entrepreneur and learn more information about your industry. Nothing beats being informed.

Build your network.

You can do this by attending events and seminars that will enable you to meet influencers and people in your niche.

Learn to have the time of your life, too.

Hey, you are young, remember that. Do not hang yourself on the shelf, go play once in a while with people who matters most. Things are going to be unpredictable every now and then but if you have a great support system, you know you will bloom.

 

SUMMARY

Becoming an entrepreneur is not a walk in the park. It’s not going to be easy, but you don’t have to make it more difficult. By following these simple steps, you can make your expectations more real.

 

Read also: Tips to Successfully Attend a Networking Event

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Article contributed by Startup Jobs Asia‘s Team.

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