The characteristics successful millennial entrepreneurs seem to have
In 2016, a record 80 companies were being born every hour in the UK. And, according to the latest Global Entrepreneur report from BNP Paribas, millennial entrepreneurs are launching almost twice as many businesses as baby boomers. Gen Y, it seems, are increasingly swapping the corporate world for startup adventures myself included.
But with youth comes challenges establishing yourself as a credible entrepreneur that investors, partners and customers can trust when you lack experience is no easy feat. Older employees may question your authority.
And, if you go straight in from education with no knowledge of the ins and outs of a business, itll be a steep learning curve to say the least with a lot of trial and error.
So how can you command confidence, and even use your age to your advantage?
Have a clear vision and goal
You don’t have years of wisdom on your side, so what you lack in background you need to make up for in energy and foresight.
Stick to your guns and don’t let other people call the shots even if they mean well and are trying to be supportive, it’s important you’re not pulled in multiple directions.
Think, for example, about being in a meeting with a group of potential investors passion, enthusiasm, purpose and a clear (realistic) goal are hard to dismiss. But if you waiver, you invite doubt and uncertainty you’re a deer in headlights.
People buy into people, so demonstrate a strong sense of self-confidence and eventually the crowd will follow. Look no further than Corbyn vs. May…
Make quick like a sponge
That said, remember that setting course doesnt mean ignoring the voices around you you’ve still got a lot to learn! Be prepared to roll-up your sleeves and get to grips with every function within your business.
it’s no bad thing to embrace the expertise in your midst and ask questions it’s only by having more information to hand that you can make better decisions.
In my case, my co-founder Omar has extensive experience in branding and company identity, and has been integral to nurturing the SPCE image. His unique insight has helped progress and shape the business in ways I wouldnt have been able to imagine beforehand.
Be ready to take risks
Mid-twenties? Chances are you don’t have a family or mortgage to worry about yet, so why not boldly go where no one has gone before?
you’re unlikely to have been conditioned to think in a certain way, making it easier to think outside the box? and come up with something truly innovative.
And if you fail? You have the time and resilience to bounce back. This won’t be your only/last chance to carve out your own path something that your older counterparts won’t necessarily be able to say.
LinkedIn, Facebook, Twitter, Instagram, Snapchat? bet you know how to use all of them.
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