Young entrepreneurs can be seen selling lemonade from stands and working alongside their entrepreneurial parents, it’s a trait that seems to run in families and it’s a fact that if an entrepreneurial parent or both parents work from home, children receive far more attention and flourish. Of course that’s not a hard and fast rule, young entrepreneurs appear from every situation and from every country under the sun.
With the advent of the internet, the possibilities for young entrepreneurs are enormous. There are thousands of bright young people already earning substantial incomes that will get through college and university financially stable and graduate debt-free, with the added advantage of knowing how to run a business effectively.
Young entrepreneurs are entering into every aspect of the internet, from network and affiliate marketing, blogging, graphic design and software engineering, and they have the added advantage over older people because they are usually much more aware of all that’s new on the internet and in the world of technology.
They make and produce videos, new software or hardware doesn’t give them the slightest problem and social media networking is second nature. Their Fans and Friends lists are enormous already, and the perfect basis for a small network marketing business. They text rapid messages from their up-to-the-minute personal communications devices and understand perfectly what all the latest tech-speak means.
It’s an exciting future for young entrepreneurs, with millions of great opportunities to start and run their own internet-based businesses without ever having to start working for a company they don’t like, in menial positions, earning minimum wage. A Master’s Degree doesn’t mean a thing if there isn’t a job to accommodate you.
Teenagers who are now entering their early twenties have come through this recession with their parents, and may have watched the effect that unemployment has had on household budgets and may have watched relationships between their parents deteriorate because of bad financial situations. If they’ve had to live frugally, many have said, “screw this” and started their own businesses online.
While older people may fall into the trap of thinking that everything possible has been done or invented, young entrepreneurs are entering competitions with robotic creations, creating the next generation of game software, inventing innovative products and looking to the future, while we look back and sigh.
We use many of things these young entrepreneurs have invented, every day, possibly without knowing it:
- Mark Zuckerberg’s Facebook, valued around $800 million
- Chad Hurley’s YouTube, valued around $300 million
- Blake Ross and David Hyatt’s Mozilla, valued around $120 million
- Matt Mullenweg’s WordPress, valued at $40 million
All of these guys were in their teens and twenties when they came up with these innovative ideas. They focused on the idea in the beginning, and the money came later, which is a great lesson we older folks can learn from them. Too often, we try to start our businesses focused on the money and not the business, then fail.
Young entrepreneurs are not hobbled by suffocating eight-to-five jobs, children, mortgages and responsibilities like we are, they are free to use their minds uncluttered by such concerns and they see the world very differently, without the encumbrances.