Almost all of us think about starting a business at some point. The thought enters our minds when we come up with a creative way to stop an ice cream cone from dripping. Or we get a job and realize we want more control over our work. Or we hear about the multi-billionaires of the world and start fantasizing about making our own riches.
So, let’s get to it 🙂
Whatever your motivation, if you’re going to start a business, there’s an ideal time to do it — while you’re still in your 20s and 30s. Why is that? Well, time. You have time to try, fail, get up and try again.
It’s all about the money
Imagine for a moment that you’ve built a successful business. It’s profitable and stable and generates a nice six-figure salary for you. Assume that this setup can continue indefinitely and that you enjoy the work. Wouldn’t you want to reap the accompanying rewards for as long as possible?
If so, start your business as early as possible. Yes, it’s an optimistic scenario, but an achievable one, even if it takes you two or three tries to build a successful enterprise. The bottom line is, the more time you can spend as an entrepreneur, the better the long-term returns you’re going to see.
Energy and motivation
It takes a lot of work to run a startup, too. Don’t forget that. Though not written in stone, the general rule is that younger professionals have more energy, motivation, and enthusiasm than their elders.
Maybe you’ll be a youthful spirit for the next several decades, but the thing is, you can’t know for sure. What seems like a solid “maybe” idea now may become a “no way” idea in 10 years; and the work you throw yourself into now may be work you’ll avoid at all costs next decade. Start now!
Monkey see monkey do: Adaptability
As younger people, you tend to be more adaptable. Part of the reason is that you’ve had a shorter amount of time to be exposed to the norms and rules of the professional world, and are less committed to those entrenched ideals.
An even larger part of the reason is our unique technological age; we face major technological disruptions on a regular basis, and the only way for companies to survive is to adapt and integrate these new technologies.
In your 20s and 30s, you’ll stand a better chance of recognizing and incorporating these new technologies quickly; and as you get older, the rate of development for these technologies will grow even faster. So, start a business while you’re more nimble, 😀
Most entrepreneurs who truly love entrepreneurship end up starting multiple businesses, becoming serial entrepreneurs in their own right. It’s as if they were born to be entrepreneurs. And, for the most part, every new business these young people start is better than the last, thanks to their founders’ previous experience, growing list of contacts and broader perspective.
Starting your first business when you’re in your 20s or 30s sets you up for a longer period of time to start even more businesses; essentially, you’re maximizing the potential experience you can gain, and greatly increasing the number of businesses you can start. Don’t throw away that potential by waiting around. 🙂
Who is Chamisa Dynasty Media Moguls & why do I need them?
Chamisa Dynasty Media Moguls is an Online Presence & Digital Marketing agency in Port Elizabeth, South Africa. With our mission being to redefine the marketing industry and stigma through the use of technology and innovation. We aim to improve your sales, traffic, conversion rates, and control your narrative at a ridiculously affordable and low cost! We believe you don’t need to spend big to win big!
Disclaimer: Chamisa Dynasty Media Moguls is in no way advising you to take any action upon reading this article. This is merely an opinion and does not constitute any advice of any sort