BENEFITS OF STARTING YOUR BUSINESS AS A YOUNG PERSON

  Current cofounder CEO of Adsence media shares the benefits of starting your business as a young person

I started young. Really young. I tried my first real business idea at 12 then tried again pretty much every year until 15. At 15, I was able to generate a few thousand dollars per month in profit for myself when I felt like it. I was young & stupid until 17 when I realized I should build a business to consistently grow profits. So, I’m 27 now and have 15 years of business experience. I’m on a whole different level than your average 27 year old.

To me, the benefits are clear:

1. You don’t have to worry about bills usually. Your parents usually worry about this, or you can get by on very little if you’re in a less privileged circumstance. So, you can take risks without worrying about feeding your wife/husband & kids. You can even work a job, go to school, and spend a few hours on the side. There is plenty of ways to make money without starting with more than $50.

2. You build experience while continuing your education. This is huge, most people go to school then enter a career. If you do both at the same time, you increase your career trajectory exponentially while applying your education in real time. If you don’t hit big success, your experience will likely land you a better job with higher pay more early in your career.

3. Failing isn’t the end of the world. You’re young… there is usually a soft landing for failing and people celebrate you anyways for trying. You can also keep trying until you do. Success is usually a process of failing multiple times.

4. You have more time. Hard to argue.

5. If you are successful, you build wealth faster. Again, you usually don’t have a lot of bills to worry about nor have you accustomed yourself to a better lifestyle like almost everyone does as they get older. Even if you contribute to your family, your personal overhead is low. You do have to be careful not to squander your wealth on stupid things at a young age. Invest it a young age and you’l be set for life with a growing earning potential in what you do as well.

THERE IS NO BETTER TIME TO START THEN WHEN YOU ARE SUPER YOUNG. If you aren’t super young, there is no better time to start than when you are young (<30 before life commitments go up). If you are older than that, there is no better time to start than now.