Why Your Early 20s are the Perfect Age to Start a Business.
There isn’t a lack of desire for the entrepreneurial spirit in our world; however, there is a small percentage of entrepreneurs. Why? Simple. It is scary to go into a world of uncertainty that owning your own business throws you into.
I have heard many people say, “I don’t have what it takes,” but neither does anybody else. The only difference is that a very small amount of people refuse to listen to that voice, but we all hear it. Yes, even the most successful entrepreneurs heard it, and they still do.
Now, I can understand why it is difficult to risk starting a business. You have a family to feed, bills to pay, a comfortable life, and many other responsibilities that come with age. The older one gets, the harder it is to throw oneself into that uncertainty. That is why starting a business in your early 20s is the best time to do so because of one very simple truth:
You can risk it all and lose nothing because you had nothing to begin with.
In your early 20s, you are not far removed from high school, you’re in college or have just graduated college, you most likely do not have a family of your own to feed, and you can still live with your parents without it being ‘weird’. You have everything lined up perfectly to be a failure and not lose a single thing. You can only gain because you learn so much more from your failures than your successes.
I had around $500 in total that I had been saving since I was 13. Birthdays, Holidays, and piggy banks helped amount to what I had saved. When I went off to college, that money sat in an old wallet case, losing value to the fight against inflation.
What did I spend it on? Starting a failed business and the one I own now, Overscore, a brand consulting agency. I am by no means successful, but I can tell you that those $500 are worth a bit more now, and if I were to lose everything, I would lose nothing while having gained a decade of experience. At the end of the day, it was only money that I was going to spend on my student loans, so might as well try making something out of it. Also, I do not have a family to feed and bills to pay so what do I actually have to lose?
If you have a passion, follow it and spend the little money you have to explore them because this is the perfect time in your life to do so. Do not be scared of losing the little you have, because even if you do, you’ll be just like the other 99% of 20-year-olds, but without the regret of not trying and all the experience and knowledge of failing. Now, if you succeed, then you’ll be living the life many people spend their lifetime searching for.
So find something you love, grab some money you have lying around, print out some business cards, and tell people about what you’re doing. Someone will tell someone who knows someone that is looking for somebody like you, and that someone will become your first client.
Liftoff! You have a liftoff!