Why Young Entrepreneurs Are Important

In today’s society, enterprise and young people involved in enterprise is more important than ever. It seems to me that there has never been a time in history where young people’s skills and creativity have been required as much as they are today. Innovation and resourcefulness are at an all time high. From my experiences with my own enterprise, K.T. Clothing Co., here’s why I think that young entrepreneurs are so important.

1 Entrepreneurship Teaches You Valuable Skills Time Management, People Skills & Self-Confidence. All these things and more come through time. Unfortunately, more often than not these skills are learned through mistakes. It’s not the end of the world though, every mistake makes you more equipped to deal with the next problem your business may face.

2 Young Entrepreneurs Are Significant To The Economy Young people are incredibly innovative. Start-ups are continuing to show a strong economic performance and it is these new businesses that account for most of the job creation in the United States. We’re now doing jobs that didn’t exist in years gone by and we will do jobs in the future that don’t exist now, this is mostly down to innovation.

3 It Gives You A Thick Skin There’s no doubt that starting your own business is tough, at any age. But as a young person in business, I feel that some people can doubt you very easily just simply because your under 18! However, it allows you to build a thick skin that is extremely useful in all areas of business. I always say that resilience is the most valuable gift you get from setting up a business. No matter what it is you need to be able to get up, dust yourself off, change your perspective and try again.

4 Ability To Recognise Possibilities Almost every successful enterprise began with providing a problem with a solution. From my own experiences I have been lucky to see that, more often than not, young people are well able to solve problems. It is these solutions that create possible business ideas. The right amount of imagination and creativity makes successful entrepreneurs. And it is these successful entrepreneurs can tackle social change.

“To any entrepreneur: if you want to do it, do it now. If you don’t, you’re going to regret it.”

– Catherine Cook, co-founder of MyYearbook

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