Why are young people more likely to become businessmen?
You are young and strive to enter the business scene. You have a cool idea, and you are sure that this proposal cannot be missed. While there is no guarantee that you will actually succeed in business as an entrepreneur, your youth does provide many benefits. What you lack, in view of the lack of experience, you can compensate for your enthusiasm and energy. If you are ready to make an effort, your youth can very well help you win.
Social Media Experience
Although many Baby Boomers adapt social media as a necessity, you, as a young man, are likely to consider social media as a necessary part of your existence. You do not need to learn how to use Facebook and YouTube – you grew up with these tools. Social media has repeatedly demonstrated that the right content sent at the right time has the potential to “become viral,” that is, to become widespread almost exclusively through electronic word of mouth. And because you understand and use social media so freely, it is more likely that you will be able to use social media marketing accurately and efficiently to promote your company’s products or services.
Decades ago, developing entrepreneurs relied on word of mouth and social as well as family ties to make a major breakthrough. This is no longer true; young entrepreneurs can make a direct, effective and lasting impression on their target market and colleagues using social media constantly.
Easier to exceed expectations.
You may have heard the phrase “promise less – do more.” As a young man, you may find that it is easier for you to live up to this statement as an entrepreneur, because most have lower expectations for young people. In comparison, many older entrepreneurs present themselves as subject matter experts or skilled professionals with decades of experience. They sell themselves as an essential aspect of their firm, which creates huge expectations among observers. As a result, older entrepreneurs who encounter failures are often criticized by outsiders who make statements in the spirit of “she should have known better,” or “he took too many risks.”
The concept of branding and “matching the image of who you are, in your words” is incredibly important in business, before and now. However, younger entrepreneurs start from scratch with full control over how target markets and peers perceive them. It is a little easier to exceed expectations as a young businessman, with the majority of the public understanding the notion of a “learning curve” and experience contributing to better performance.
For every Steve Jobs or Bill Gates who are promoted as entrepreneurs, there are thousands, if not millions, of students who choose a time-tested route to find work that already exists in long-established and successful companies. There is nothing wrong with this, but competition among potential young entrepreneurs is much less. You can start as an important person on a local scale, and pave your way up to become a large fish in a very large body of water, in the creation of which you were the main one.
Do not get it wrong, many ambitions can be found among today’s youth; however, use your youth to your advantage by seeking paid and free internships. Target those who are superior to you and those who are interested in an area that attracts you as well; Experienced people can significantly accelerate the understanding of a younger person on a particular topic with a simple conversation.
Less economic pressure
As a young man, you can live with your parents or in a college dorm. If you live on your own, you can find roommates. One way or another, your expenses are much lower than those of potential entrepreneurs about thirty or forty years old, with a mortgage, married children and car payments. You have more freedom to take risks, because you need less money to stay afloat.
Many young people are also attracted to business models that do not require large capital injections. Creating an innovative application that can capture the market requires serious technical knowledge, but not so much money. In contrast, many older entrepreneurs are focusing their efforts on offline business, which requires significant pre-invested financial resources.
In addition, younger entrepreneurs, without the requests of experienced workers.