Mental HealthMoney Matters

Tips for Young Entrepreneurs from the Experts

By December 19, 2016 No Comments

The age-old rule that our parents told us is that you have to study before you are able to get a full-time, well-paying job… but what if you could actually do both without having to worry about working specific hours, missing lectures or not earning enough cash?

The truth is that with a big idea and a dash of enthusiasm, all of this is possible. We’re talking about becoming an entrepreneur and starting your very own business! Just look at Andrew Aphane – he started building his own business at the young age of 10, and continued to nurture it throughout his years in school / university… and beyond.

To help you along your journey, we have gathered some helpful tips from the experts:

Do What You Enjoy – Malcolm Gladwell (journalist, author and speaker). There is no point in starting a new business if you, yourself, don’t believe in what you are doing or aren’t passionate about it! The trick is knowing what you love to do and then brainstorming the best ways in which to capitalise on it. As Facebook founder, Mark Zuckerberg, once said, “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.”

Stick with it – Justin Kan (internet entrepreneur). A new business isn’t going to make thousands of rand within the first few months of opening its doors. Ultimately, the only way to build it up is to keep at it and to learn from your mistakes.

All Business is Personal…Make your Friends before You Need Them. – Robert Johnson (founder of RLJ Holdings and BET). There is no reason as to why you should start your own business, and then keep it going, all by yourself. Chat to your friends and family about your plans – you never know who might be able to lend a helping hand when you need it most, even if only in the form of advice.

Be Flexible – Tristan Harris (designer and philosopher). We live in a world where everything is changing all the time. This means that entrepreneurs need to be flexible. What works today might not work tomorrow, so it is important for every young entrepreneur to remain unafraid of trying new things, brave enough to keep adjusting tactics and smart enough to continue evolving along with his / her surroundings.

So there you have it. Looking at the tips above, it becomes clear very quickly that the secret to a successful start-up lies in passion, determination, flexibility, planning and a solid support structure. It’s time to get out there and do it – why wait until you finish your studies when you can get started NOW?

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