Use Your Youth Advantage

You are just a kid now, concentrate on studies. For business you need experience. Blah blah
blah… People will have numerous reasons for why you shouldn't start a business, all out of good
intentions only.
But before you gulp down all that, think for a while about Bill Gates who left Harvard to start
Microsoft, Michael Dell who left the University of Texas to start Dell, Milton Hershey who opened
his first candy shop when he was 18, Fred Smith who, while attending Yale, received a "C" on his
Fedex business plan and decided to start his business anyway, Steve Jobs who left Reed
University to start Apple, William Hewlett and David Packard who started HP out of a garage after
graduating from Stanford or the thousands of other young people who have started a business
and been successful.
What would have happened if they were convinced about these lame arguments and backed
from their business plan?? We will have to live without a Dell, a Microsoft, an HP, a Hersheys, a
Fedex or an Apple… oh! Horror horror!!!
Best ways to tip the card in your favor:
Adults expect less from young people and it can be used to your advantage. It's OK if you're not
perfectly polished. It will take less effort to please clients and make a name for yourself with the
media.

Becoming an Entrepreneur

To become a successful entrepreneur you need good ideas, a little luck, money and lots of hard work. 90% of successful people fail, which means to gain something (profits, equity etc) you must first lose something (your initial investment). Phat-farm is a multimillionaire company whose owner Russell Simmons lost 10 million dollars in the first five years. A lot of experience and resources is not required but to become a successful entrepreneur you need to have passion and persistence. Turning everyday ideas into business is what makes an ordinary entrepreneur extraordinary. This talent or gift is what makes them unique. Most start with very limited resources and go ahead of their competitors through personal effort. The moves have to be fast and good decisions needs to be taken to gain share in the market and move forward for bigger competitors.
They differ in age, sex and race but it’s easy to spot an entrepreneur and their business. They
might grow richer with their ideas but the start up point is to look for areas not being served and
change the way things are done. A good idea is not the same as an ideal opportunity.
Understanding the distinction will save your time, effort and money.
The entrepreneur creates a vision and pushes the company through ups and downs towards
fulfilling that vision. Becoming an entrepreneur is at the same time scary, thrilling, worrisome, yet
an exciting experience. But before you become one you have to understand the concept of
entrepreneurship first. There are many types of entrepreneurs such as social, home based,
virtual, traditional etc.