5 Reasons to Start a Business In Your 20s and early 30s

5 Reasons to Start a Business In Your 20s and early 30s

15 August 2017

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<p dir="ltr">I&rsquo;m sure you&rsquo;ve heard stories of multi-billionaire founders who started their startup at a very young age and conquered the business world such as Google, Apple, Microsoft, and Facebook just to name a few. Ever wondered what&rsquo;s their secret to success? Well, we all know there&rsquo;s no single solution to that but starting a business at a young age would definitely give you an edge over others. &nbsp;</p>

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<p dir="ltr">According to venturebeat, many venture capitalists rather fund youthful founders as compared to those in their mid 40s but why do they look out for young entrepreneurs and startups?</p>

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<p dir="ltr">1. Tolerance for risks</p>

<p dir="ltr">Not all startups may succeed, but while you are young and blessed with the time, it&rsquo;s safer to take the risk. You might have a rocky start, but you can learn from the mistakes to perform better onwards. The more experience you have as an entrepreneur, the better long-term returns you&rsquo;re going to see.</p>

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<p dir="ltr">2. Resourceful and Updated</p>

<p dir="ltr">Being part of the generation who grew up with the fast-paced technology, you are more Internet savvy and technology proficient, which makes you more competent than older generations. Moreover, you are familiar with the latest trends and happenings in society which will inspire you to identify better on what is demanding in the present market.</p>

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<p dir="ltr">3. No past burden</p>

<p dir="ltr">If you&rsquo;re young, and just starting a business, you don&rsquo;t have to worry about the risks if you quit your current job. Because you don&rsquo;t have to think about house expenses, paying bills, and you can focus to invest your time and money in the business. &nbsp;</p>

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<p dir="ltr">4. Early Experience</p>

<p dir="ltr">Learning to be a successful young entrepreneur is not just about the short-term gains. It will teach you responsibility, decision making, and leadership and how to balance them all at once. It will help you to prepare you for bigger challenges in both your personal and professional life that you may face as you get older.</p>

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<p dir="ltr">5. Flexibility Time Management</p>

<p dir="ltr">While you are young, most likely you won&rsquo;t have to think about marriage, family and other home responsibilities. You can stay late at work, or even work on weekends. This flexible time management will give you the opportunity to learn new ways to attract clients, market your company or improve your projects without being distracted.</p>

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<p dir="ltr">From the reasons above, it&rsquo;s better to start your business as soon as possible. If you&rsquo;re young, and once had the thought of building a business, don&rsquo;t write it off as a dream. Dig into some research, explore your ideas and make the most of your youth by driving your energy and time into a business.</p>

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<p>In EV Hive Coworking Space in Jakarta, the majority of our members are mostly young entrepreneurs in early 20s focusing on building their startup. Besides that, we provide events, classes and workshops each week that will give you insights from technology, arts, and even fin-tech.&nbsp;EV Hive is the perfect place for you to broaden your business opportunities and network.</p>

Category: #entrepreneur #startup #startyoung #benefitsofstartingyoung