Dr. Onyeka Chiemelie Mmaduabuchukwu is an entrepreneur and a brand expert who breeds young entrepreneurs financial sectors of their lives, he recently posted about the powerful lessons young entrepreneurs should learn at a very early age and apply.

He wrote;

According to recent studies, the number of people under 35 starting their own businesses has increased by more than 70 percent since 2006. Young people are more entrepreneurial than any previous generation, and many are achieving great success at a very early age.

One of such entrepreneur is Rachel Gutierrez, a 28-year-old Mexican-American entrepreneur living in New York City. She is the founder and owner of Via Bom Dia–a company that offers coffee flavored exclusively with natural ingredients.

The following is Gutierrez advice for young entrepreneurs, and here are 10 of the most important lessons she learned.

1. Chance favors the prepared mind
Success is not determined by luck. Persistent actions, dedicated mindset, and proper preparation will take you much farther than luck.

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