why you should start your own business at a young age


There are so many reasons why being
under 25 is a huge advantage when
entering the world of business. In fact,
the
benefits are so great everybody in the
age
bracket should give it a go. Here’s
why…
Image from gettyimages
Financial outgoings
Being under 25 is the time in your life
when
you are statistically most likely to
have the
least amount of financial outgoings
each
month. Think about it, no mortgage,
no
consistently large bills and no
children.
These things aren’t going to apply to
every
person under the age of 25, of course
not,
but it will to the majority. Not having
regular,
hefty financial outgoings is brilliant
when
starting a business as it gives you
freedom.
The lack of financial pressure will also
enable you to focus everything into
your
idea. Financial pressures, such as
paying a
mortgage, often put people off starting
a
business, even if they believe their
idea
could be a successful or profitable
one.
These people fall into the trap of
having to
work in order to pay a mortgage, and
their
real passion will go unfulfilled. Don’t
become
a slave to your mortgage.
The pressure of getting a ‘real job’
25 to 30 years of age seems to be the
time
when our parents and family want us
to
start doing grown up stuff; like getting
a
mortgage, settling down with a
partner,
thinking about marriage and having
children. It’s beyond 25 when
“working on
my idea” doesn’t cut the mustard
when
being asked “so what are you doing
for
work?” by your uncle who you see
once a
year.
Image from gettyimages
Family pressure is huge and deters so
many
people from becoming an
entrepreneur, if
you have a supportive family then it
makes
life so much easier. If you don’t, find
some
entrepreneurial friends that can be the
support mechanism for you.
“Working in a start-up will make you
value your time so much more”
Image from gettyimages
Valuing your time
This, for me, is the most important
reason.
Learn to value and appreciate your
time
before it’s too late. When we enter a
nine to
five job our employer tells us how
much our
time is worth and therefore, ultimately,
how
much that portion of our life is worth.
When
you think about the fact that we only
‘live’a
third of our life – as two thirds are
spent
working and sleeping – then the need
to
value time becomes even more
pertinent.
Working in a start-up, or having a go
at
starting a business, will make you
appreciate and value your time so
much
more. It will switch on the light bulb in
your
head which makes you more
conscious
about your decision making when it
comes
to deciding what you are prepared to
put
your time into, and more importantly,
what
you get in return for your time and that
portion of your life.
You are time rich
The majority of under 25s are either in
further education or working in a
graduate,
low-level role. I know, I’m
stereotyping
massively here, but this will apply to
most.
Whatthis gives those people is, more
often
than not, time. How we use that time
and
where we choose to invest it will be
critical
to our future.
Image from gettyimages
Outside of studying and working a
nine to
five job we have a large amount of
time to
dedicate to something, and in my
opinion,
that something should be a start-up.
The
time you can put into that seed of an
idea
means it could grow into something
big,
and if it doesn’t, that time would have
passed anyway. If nothing else, you
will have
developed some new skills that can be
used
elsewhere to further your career.
Image from gettyimages
Networks
Being under 25 is the time in our lives
that
we meet so many different types of
people.
If you study at University or college,
think
about how many skills there are on
that
campus. Tapping into those skills can
be
crucial for life beyond 25. Don’t stay
in your
circle of friends who study the same
things
as you, go and meet people from other
fields and develop relationships with
people
who have opposite and
complimentary skills
to you as they could be a great value
to you
and your future.
If you can’t start, then join
Not everybody will want to start a
business,
and that’s fine. For those who don’t
want to
start a business, I would recommend
you
join a start-up, whether that be as an
intern,
co-founder or part of the first group of
staff.
Working in a start-up will give you
exposure
to situations and develop key skills
that
working in a corporate or larger
organisation won’t give you. The
energy and
speed at which things happen, along
with
the excitement of a start-up, can’t be
replicated anywhere else and it’s
something
everybody should experience.
If it doesn’t work out, you have the
rest of
your life to do all the ‘grown up stuff’
that
society tells us that we should do.
Beyond
25, you don’t have to live your life by
what
society thinks we should do or have.
There
are many stories of very successful
companies being started by people
over the
age of 25. However the one thing all
these
people have in common is that while
under
the age of 25 they had a part-time
businesses, or entrepreneurial
experiences
that stuck with them through their
time in
employment, until their own great
idea hit
them. Iam on it working to get there i
see victory and sucess at end of the
road end.

Author: TheGoldendiamond

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