Andrew Banks from NEWS.com.au contacted me last week with an extraordinary story which I found to be eloquent to what I have experienced myself lately doing interviews with entrepreneurs on www.entrepreneurship-interviews.com. More and more young entrepreneurs start a business while still at school, finding innovative business ideas and taking the plunge in times where seasoned entrepreneurs are holding back.
From the NEWS.com.au site:
“MIKE Jarocki is 19. Last month, he made $25,000 from the business he started less than a year ago. Alana Maybus started an online gift store when she was 10 “just for something to do”. She now has customers across Australia. And 16-year-old Mathew Carpenter might be studying for the HSC, but that hasn’t stopped him from starting his own consumer electronics business.
They are among a driven group of young Australians setting up their own businesses before they hit the big 2-0.”
Crisis or no crisis, young entrepreneurs find their way to deal with tough business environments and are the best candidates for creating the tomorrows big empires and fortunes. If they manage to be successful now, there is a big chance that they will follow a path of explosive development as things will get better.
Here is the rest of the story.
The young have what it takes to be successful which are motivation, dedication, energy, inspiration, and innovation. As young, they have the motivation to do it in their own. They tried their best for a success on a starting career. Dedication comes it way when their family are involved in the process. It is the cost of living for them to work harder than having to be dependent for some other reason. The energy might be their common factor to undergo in some circumstances they will be facing. In the modern times, they have the idea or knowledge in putting up a business. They have to search for the success and maintenance of the said company. For the next generation, they could have a greater chance to know what really the importance of having a business in an early age.
Good post. Younger entrepreneurs tend to take more risk than their older counterparts. So I’m not surprised to hear that seasoned entrepreneurs are holding back than all those graduate students taking the plunge. Keep up the good work!