All young entrepreneurs possess big dreams. Some are executed and organized based on plans, but many dreams come about almost by accident.
It is a sure bet, however, that all young entrepreneurs have a big dream that pushes them along toward a solid, single goal.
Certainly, you need more than just a dream to become a successful young entrepreneur. If your dream is the cornerstone of your entrepreneurial effort, you still require plenty of thoughts and tools to make the cornerstone into something usable and solid.
First, what exactly is an entrepreneur? A quick check on dictionary tells you that an entrepreneur is defined an individual who directs and organizes a business undertaking, risking time, money and effort for the sake of profit.
Although this definition is true, it is not complete. There is more to being a young entrepreneur than directing, organizing, and assuming risk.
What Does It Take to Be A Young Entrepreneur?
- You will need knowledge and information, you will need money, and you will need boundless energy.
- You will need to be willing to dedicate inordinate amounts of time and effort, while putting aside and sacrifice a big part of your leisure activities.
- Not only that, you will need effective communications skills, a moderate amount of ego, and a solid reputation.
- You will have to work with diverse kinds of individuals and have the power to convince others about your dream.
- You will need enough self-confidence to ask people you hardly know, or complete strangers in helping to fund your dream.
- You will need even more self-confidence to stand behind and defend your dream when distrustful people question it.
- And you will need huge quantities of perseverance and persistence to keep on moving in face of seemingly insurmountable crisis.
Without a big dream, though, all those other resources and talents will not help you be a successful young entrepreneur. A dream is the spark needed to ignite your effort to be a young entrepreneur. Without it, your fiery determination won’t burn.
Anyone Can Be A Young Entrepreneur
People have a lot of different impressions on what it means to be a successful entrepreneur. Some people relate entrepreneurs with big conglomerates, and think of them as organizers and managers of gigantic business establishments.
Most people fail to understand that the young guy who owns a tiny hotdog stall is also an entrepreneur. The high school teenager who establishes her own babysitting service is also an entrepreneur, as is Mark Zuckerberg, the owner of Facebook, the leading social networking site.
There are absolutely no restrictions on who are allowed to join the young entrepreneur’s club, as long as an applicant is willing to devote time and effort to give the very best shot.
And with a big dream, BIG possibilities await you.
Image credit: Flickr
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What a great post! Even though I am 29, I am still 21 at heart and consider myself a “young” entrepreneur. I do have several of the qualities you listed but still need to work on a few of them as well. I will be printing this one out! Thanks!
Great article! I routinely give talks about entrepreneurship at local high schools and I am always amazed by their potential. Sure there are a few that just blow your message off but there are always a few that take it to heart which is great to see.
A key point I keep reminding them of is passion. You have to have passion for what you do because when you are moonlighting your business in the early stages you’ll need something other than the thought of money to keep you going.
Keep up the great work!
I like your post!
Great work!
Yes, one should focus on having joy too. The sacrifice of leisure time is a key point here and doesn’t exclude this. After all, one only gives it up to have more later down the road – being able to do anything you love to do.
I agree that money alone probably won’t suffice to drive you, because if it did you would seek regular employment and not entrepeneurship.
I think knowledge and information is by far the biggest factor and it begins with opening your eyes to how other people are succeeding. From personal observation, children encouraged by parents in that area seem to develop powerful skills. Observation of successful people provides both information and motivation!
wow what a article it is really very impressive article.thanks to write this one.
Lord of War, I found it motivational movie for young Entrepreneurs
Hear, hear Aron! I am slightly older than you still, but also like to embrace the term “young entrepreneur” as it pretty much suits me down to a T. This blog is inspirational, and dispenses wisdom beyond the years of the youthful authors.
I have some great ideas, I have a passion to be successful by being my own boss and creating ideas that will work for tomorrow’s future. Is there any place to network and share ideas, knowledge, dreams for the young Entrepreurs of today? I’m 21 and ready to find more people adventerous and spontanous like me ready to make it big and love to do what they do for a living. Thanks everyone
Is there an age restriction or do you mean young as in just starting out?