10 Benefits Being a Young Entrepreneur

3421 Words Oct 7th, 2010 14 Pages
10 Advantages of Being a Young Entrepreneur
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Starting your own business and being an entrepreneur is a wonderful experience at any age. However, I often find young people shying away from starting their own businesses because they think they lack the experience required. Although experience helps, being young still does not limit your capacity to be happy and successful in business. I have been involved in various entrepreneurial ventures since I was 13 and can say that running your own business is a wonderful experience. Here are 10
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By creating a business that is in alignment with your own sense of inner purpose, you can live your life completely congruently. Instead of your work being something you do to meet your basic survival needs, it can be something you love and an outlet for self-expression and contribution.
4. Failure is not a big deal
The primary obstacle to starting a business for many people is the fear of failure. People are afraid of what it would mean to their financial if the business flopped. This is especially true if they have a family to support. The risks associated with entrepreneurship and the prospects of financial failure are too much for many to start their own business. Most people can handle letting themselves down but the idea of letting people they care about down is simply too much.
However, as a young person who has responsibility only to yourself, the fear of letting other people down who are counting on you does not come into effect. Even if the business turned out to be a total flop, the only thing wasted would be your own time and money. At the same time, however, you would have been able to experience the tremendous growth associated with becoming an entrepreneur.
So as a young entrepreneur, the downside is your business fails and you are left in a poor financial situation.