Starting a business is by no means easy or a quick process. Some of the world’s most famous businesses took years to even become profitable. Take a look at Amazon, who in 1999, despite having revenues of $1.6 billion, still managed to lose $719 million. Jeff Bezos finally turned a profit in 2003 – 9 years after starting the company in his garage and has managed to become one of the most successful businesses in the world. If you’re a young entrepreneur looking for a few pieces of advice, you are in the right spot!
Here are a few pointers to get you on your way:
“There’s no minimum age for success.” – Brendan Cox
Your age doesn’t define your chances of succeeding. Especially in this digital era we are living in, a person can be successful at any point in their life.
“Thinking of an idea is easy, making it happen is hard.” – Brendan Cox
Action over words. Learn to normalize taking actionable steps compared to talking about your ideas. Remember, words will remain only words until action brings your words to life.
“An idea without execution is destined for failure.” – Brendan Cox
Execution in the business world is essential in putting your ideas into motion. As Shark Tank’s Chris Sacca once said, ”Ideas are cheap, execution is everything.”
“Competition forces you to work harder.” – Brendan Cox
Healthy competition is an important component of every successful business. View your competition as someone to keep you in check and encourage your business to develop and improve over time.
“Succeeding in the business world has so much to do with making connections. It’s more about who you know than what you know.” – Brendan Cox
Networking is critical to your success in the business world. One meeting, connection, or phone call could change everything.
Connect with me on Twitter, Instagram and LinkedIn. Are you an aspiring entrepreneur? Check out my new book: Strictly Business: How to Crush it as a Young Entrepreneur.