Today, information arrives directly on the computer and is accessible to everyone. This information allows us to access the latest updates, such as those presented at CES Las Vegas from January 9 to January 12, 2024. If one wants to venture into a domain or a sector, it is easy to find opportunities or risks. Many famous entrepreneurs today, such as Bill Gates, Richard Branson, or Mark Zuckerberg, started their businesses when they were very young, and it’s not a coincidence. Several attributes explain why being young when launching a business can be a real advantage.
1. Absence of Fear and a Taste for Risk
The ability to take risks is an essential quality for an entrepreneur. When facing a challenging decision that can profoundly change and revitalize your business but comes with significant risk, one must not falter. This lack of fear, typically found in young entrepreneurs, helps them make such decisions. This can be easily explained; they often start their businesses with limited funds, especially in the online realm. They do not find themselves in the position of someone who has invested all their savings, supporting their family’s needs, and keeping that in mind with every decision.
This (relative) lack of fear in young entrepreneurs is not solely linked to a greater taste for risk. Instead, they conduct an objective analysis that leads them to believe that if the business project fails, all is not lost. Financial losses will be limited. They don’t yet have a family that could bear the consequences. It is possible for them to find salaried employment. Furthermore, if the business is launched concurrently with studies, there is no loss of time.
2. Desire to Innovate
The world is currently changing much more rapidly than in previous centuries. Today’s youth is faced with perpetual movement and constant innovation, and they often desire to be part of this change. In general, young entrepreneurs are not afraid to attempt to change mindsets and lifestyles. Their mindset has significantly expanded compared to previous generations. Of course, there is no age limit for innovation. However, it must be admitted that the new generations possess a stronger sensitivity to innovation.
3. Passion
The possibility of starting a business is increasingly on the minds of many people. The original environment and diploma obviously play a major role. However, the era where one was almost destined for a specific profession is over. New generations are less willing to do work that does not please them out of obligation. Again, this desire is nuanced by labor market constraints and the impact of the crisis. This phenomenon increasingly encourages people to launch and create a business related to an activity they are genuinely passionate about. Guided by their passion, they significantly increase their chances of success.
there’s no need to say, “I’ll wait until I’m 30 or 40 to start; I’ll have more experience.” If your project is solid, your youth can prove to be a formidable asset for success!
