Some Great Lessons from Young Entrepreneurs

Any idea why organisations at times prefer to hire young and qualified people over experienced and qualified professionals? That’s because doing the same thing over and over again can sap the energy and exuberance with which the experienced professionals initially joined the work force. Young people bring in fresh ideas, are not afraid to take risks, accept difficult challenges with vigour, and do not let the external factors limit their efforts or control their passion. And young people, while they lack experience, can make great entrepreneurs if they channelize their overflowing energy in the right direction. So, here are some great lessons that can be learnt from young entrepreneurs:

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1.No excuses

So many times we people give up on our dreams because we ‘think’ it’s unfeasible. We would give ourselves innumerable excuses of why something would not work out. Some of the young minds, on the other hand, while keeping in mind the limitations, simply find a few strong reasons of why it would work. For instance, the concept of online shopping was ridiculed a few years back. But with faith and efforts of a few individuals, e-commerce websites have transformed the shopping arena.

2.Solving problems

With the removal of barriers, people do not hesitate to start their own business nowadays. While some manage to become the top competitors in the industry, some remain moderately successful, and the others are shut down because of constant failures. So what makes one successful and the other unsuccessful? Is it because the entrepreneurs have studied from the best business schools in India? Or is it something else? While the pendulum of uncertainty keeps on swinging over any new business undertaking, the business idea that originates to solve a problem that prevails in society has higher chances of success.

3.Team building

People come up with numerous analogies and examples to prove the power of united efforts towards a common goal. Even established organisations that have been in existence for decades face the problem of disunity. But those startups whose core members learn to work in harmony grow much faster than those whose leaders do not work as a team.

4.Creativity

As I mentioned earlier, young entrepreneurs do not hesitate to take risks. And if something doesn’t seem to be working out, they would find creative methods to achieve their desired goals. It doesn’t bother them if they didn’t study from the top MBA colleges in Delhi. Because of a clear goal, they make all possible efforts to make their dream come true.

If you wish to become an entrepreneur, the above-mentioned lessons would be of great help to you. Best of luck!

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