What are the benefits of starting a business if you are in the 20?

Often you don’t have a family that depends on you. You can often make longer days more easily and you have more energy yourself.

And if your company does not succeed then you have all the time to apply the lessons learned later.

Naivety.

You think too simple, simple and comfortable, especially about things you need purely experience to understand.

You learn this precisely in these years, so your respect grows for knowledge of others, but you are still naive enough to try things in a different way anyway.

You also learn to better cope with the output financially, you learn some costs and that turnover says nothing about a company.You all learn things you didn’t know yet, or partly, but you’re still super naive in everything you come across. Making you easier to help (with the right people around you).

When you have been in the profession for years, you will be faithful a little good on your own intuition, while this can give your company a head start in a new market or smaller sales so you can temporarily generate cash flow.

Of course, chances of you not having a full family build up is smaller, financially you probably have fewer commitments.But your biggest advantage is your other look at elements. The younger you are, the dumber your comments. The more valuable for a well trained ear.

I would say that the biggest advantage is that you have slack to make mistakes.Dare to think outside the box, and take risks there. The older you get, the more significant the consequences of the mistakes you make. One of the best teachers is self-reflection. Learn from the obstacles that lie on your way and train yourself to recognize them and tackle them effectively. You may find this interesting: a letter to my 21-year-old self-AVirtual.A successful entrepreneur who writes to his 21 year old himself a letter with advice.

There is relatively little pressure on you to be successful.The chance that the first company you start immediately becomes successful is small. The best thing you can do is take action and learn as much as possible. If you are in the 20 you have (I think) still no family that is financially dependent on you for example.

The simplest reason, in my opinion, is that you don’t have much to lose and you can restore your economic position.

The downside is that you may not know enough to make a business successful.

Original question I answered: What are the benefits of starting a business if you are in the 20?

There are several reasons:

  1. In Most situations companies can take a long time to succeed.

So when you start in your 20s you have time to adjust.

  • If you’re not married yet and no kids yet you can give more time, money and resources to your business.
  • You will learn a lot about businesses, life, the community and the world and Hat will help for the rest of your life.
  • (Pardon my Dutch because it is certainly not smooth yet but I want to learn.)

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