Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,166,387 members, 7,864,760 topics. Date: Wednesday, 19 June 2024 at 06:03 AM

Why Your 20s Is The Best Time To Start A Business - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Why Your 20s Is The Best Time To Start A Business (315 Views)

How To Manage Money As A Nigerian In Your 20s / Reasons Why Your 20s Is The Best Time To Start Your Business / Reasons Why Your 20s Is The Best Time To Start Your Business (2) (3) (4)

(1) (Reply)

Why Your 20s Is The Best Time To Start A Business by insidifyguru: 11:56am On Aug 29, 2017
As Kelly Holt, founder of Austin Phoenix points out, "If you think about it, this risky and blindly ambitious state of mind is what your 20s are all about: finding your way, trying new things, having the wild post-graduate ambition to change the world."

Now, here is my message to anyone in their 20s with an idea: If there is something you want to create, to change, or to start, there is no time like the present! Don't look at your age as a disadvantage. Instead, look at it as an opportunity.

Here are four reasons why you should start a business when you are young:

1. The timing will never be perfect.

If I had a dime for every time someone told me that they ultimately see themselves as an entrepreneur but now's not a good time, I would probably be able to retire by now. The reality is there will never be a perfect time to take the plunge into entrepreneurship. You will never have enough experience, resources, or money. Jamie Walker, CEO of SweatGuru and Fit Approach, explains, "It's not about having years of experience. It's about ambition, passion, and creativity. If you want it, you will figure out how to build it."

No matter how much education or training you have, you can only learn how to be an entrepreneur by doing it. Each business is different, so there isn't a one-size-fits-all manual for how to make it work. There will always be a learning curve no matter your age.

2. Being an outsider can lead to innovation.

Sometimes when you look at an industry from the outside, you can clearly see the flaws. "If you have the vision and the ambition, you don't need the experience to make it work," Walker says. "A fresh perspective and creativity are often just what the industry needs and how innovation takes place." Like anything else, when you have been doing something for a long time, you get caught up in the status quo. Change is hard!

Having an inexperienced prospective can be valuable, especially when trying to disrupt an industry.

3. Now is the time to be selfish.

In your 20s, it is OK to be selfish. Starting a business will take a financial and mental toll, so it makes more sense to do when you probably don't have a spouse, mortgage, or kids. As Daniel Lieberman, CEO of Cory Vines, says, "Starting a business requires 110% of your time. In your 20s an individual usually has fewer responsibilities, and it can be a time when an entrepreneur can focus on themself and building their career."

In the beginning, there will be a lot of ups and downs. It is a lot easier to survive this when you only have to worry about yourself. Then, hopefully, by the time you do take on more responsibility, your business is in a more stable place.

4. There is still time for reinvention.

Carol Han and Alexandra Weiss, cofounders of CA Creative, left stable jobs in the middle of a recession because they thought they were onto something. Han says of her decision: "The thing about being a bit heedless and following your dreams/instincts/brilliant ideas to start a business in your 20s is this: Even if you do fail, you have time to make up for it."

"And if you did have the moxie to take the sort of leap it requires to start your own thing," she continues, "you're probably enterprising and intelligent enough to not only recover from it if it happens to fail, but to figure out a way to do it all over again in another form, or to take a step back and get a job that is more fulfilling than the one you left. Either way, it's all good. There's not much to lose."

https://discovery.insidify.com/why-your-20s-is-the-best-time-to-start-a-business

lalasticlala
mynd44

Kindly share this post if you found it useful

(1) (Reply)

Equity Market Begins Extends Bearish Run To Two Days / S & P Affirms Nigeria’s Ratings As Stable / How To Make N45, 000 In Two Weeks, Profitting From Another Man Sweat(affiliate)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.