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5 Reasons You Should Launch a Business in Your 20’s

Launching a business

If we wait for the moment when everything, absolutely everything is ready, we shall never begin. –Ivan Turbenev

1) More time

This is the first time you’ve been entirely free and completely in control of your own destiny. Take advantage of that! You’ll have more time to grow your client base, make genuine connections with industry professionals and further educate yourself (yes, even after graduation) on how in the world you’re supposed to own your own business. After all, the real learning doesn’t come until you’re out of the classroom.

2) Not As Many Financial Obligations

A mortgage? Kids? A Labrador retriever? Chances are you don’t have them in your 20’s and that’s okay. Now is the time to be unreservedly selfish with your money. You know the saying, “It takes money to make money?” You can start a business on a budget, but it becomes increasingly difficult as you get older and begin to acquire more expenses. Stash some of that grad money away and use it towards an incredible web designer, a kickass copywriter and a small budget for marketing. You may not be able to afford lavish meals at expensive restaurants but that’s not what your twenties are about. Go grab a beer at a dive bar like the rest of us, save money by calling it an early night, and go home and work on your website until your roommate stumbles in at 2am.

3) Less Responsibility

While we’re on the subject of being selfish with your money, let’s move this a step further and establish that you have less responsibility. Period. Launching a start-up is hard work and chances are, you’ll have late nights in your home office eating microwaved Chinese food for dinner and listening to Spotify while trying to figure out a tricky tax situation. Use these years to get the groundwork laid out and hit the pavement running with your business—you’ll be happy in your 30’s and 40’s when you can breathe a sigh of relief that you aren’t living in a 4th story walk-up.

4) Ability to Think Innovatively

You’re young and want to change the world; naivete is still instilled in most of us and that is a great feeling! Take it and run. Since you haven’t been burdened with others’ jaded beliefs about the world and your industry, you’ll be more able to look from the outside in and see the flaws that those older than you may not have noticed. The best part? You’ll be able to offer solutions to those flaws, create techniques to better your customers’ experience and in the end, make a more profitable business for yourself.

5) You Have Time to Completely and Utterly Fail

It’s liberating to know (really no matter what age you’re at) that you can fall down a few (hundred) times and continue to rise and become a more distinct version of the person you were meant to become. And in this case, establish the business you were destined to create. Take the words of George A. Custer to heart as you move forward, “It’s not how many times you get knocked down that count, it’s how many times you get back up.”

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6 Responses

  1. Completely agree.

    I started my business when I was 40. Three children in independent education, mortgage (and dog). As Kayli points out it creates both financial and emotional stress on your business.

    Starting in your 20’s means you can selfishly devote all your attention where it is needed: on growing the business.

    That said, all successful businesses need two things: hard work & determination. If you have that, you can start a business at any age (it’s just I wish I’d started mine earlier).

    1. Hi, Grey!

      Thanks for taking the time to read my article– it’s really appreciated. I also completely agree with you, living your dream no matter what age your at is possible. The only barriers you can’t tear down are the ones you convince yourself you can’t. 🙂

      Kayli

  2. So true and a must read for every twenty-something. My nephew sold used golf balls he collected in a field behind his house, took home, shined them up a bit and went door-to-door in his neighborhood selling them a four years of age. He’s now spearheading a great banking career. Being innovative is key.

  3. I’m eighteen right now, and I’ve spent this entire summer working on my blog and coming up with business ideas because it’s my dream to be a small business owner! These reasons really embrace my decision to start early, and they’re all so true! I’m trying to make the most of my time now, so that when I’m left with a lack of it, I’ll have something to work with! Thank you for sharing! 🙂

    1. Jessica, that is simply incredible! My consulting and social media management services actually all started when I created my blog at 17. 🙂 It can be difficult but the reward is so worth it! Stay motivated and keep shooting for the stars + if you ever need any advice, please feel free to contact me anytime: hello@thepassionpunch.com

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