Best Advice For Young Entrepreneurs From Successful Business Owners

Being a young entrepreneur is really tough. Not only do you face a lot of the same challenges online ordering other entrepreneurs do, but you are also unexperienced and quite often overlooked by others.

Mix all this together and it may end up being a recipe for disaster. Instead of hitting the panic button and jumping off the ship, you should take some time to learn from other successful entrepreneurs.

Not only can these people mentor you to become a better entrepreneur, but they can really shape your perspective. I decided to find some of the most successful entrepreneurs who started young and asked them to share their best piece of advice for young entrepreneurs.

Many entrepreneurs did not respond, while a few others did. Even from the ones that did respond, I decided to take the advice that I felt would be most helpful for young entrepreneurs.

The Advice

Amber Rae – @HeyAmberRae

“To experiment boldly is to try and err. To fully throw yourself into something simply to experience the answers and lessons. It’s to embrace uncertainty, to live for the question of what’s possible, and to experience the answer. It’s about thinking less, taking action, and being okay with fucking up along the way.”

Nihal Mehta – @NihalMehta

“Find your passion, what i define as ‘what you think of before you go to sleep, the same thought that you have when you wake up.’ This is the hardest thing to do, people often live their whole lives before finding out what they are passionate about.”

Suraj Sodha – @SurajSodha

“My best advice to young entrepreneurs is to build a passionate team around you as quickly as possible who share your vision and goals for your business. Trying to do everything yourself and being over-protective of your business makes it harder for you to grow and expand your business. It’s always a good idea to have other people around you to share ideas with and who can do certain tasks better than you can.”

James Tudsbury – @JamesTudsbury

“Advice for young entrepreneurs – unproven ideas and people are okay, stick to proven business models though.”

Corey Kossack – Sprouter Profile

“Talk to everyone you can about what you are doing and ask for help. Don’t be guarded with your idea. You need input from everyday people as well as more experienced entrepreneurs who can help point you in the right direction.”

Ben Huh – @BenHuh

“Be honest and open about your successes as well as struggles. And communicate consistently without the flowery marketing lingo we’re all sick of hearing. But most of all, create a product or service your users can love.”

Paul Kedrosky – @Pkedrosky

“Why me? Why now? Why this? Entrepreneurs get bolloxed up in a billion other things, when those are the questions investors are asking themselves as they listen to the pitch.”

Bob Davis – @BobDavisHCP

“Do your work – once inspired do your research, be sure you understand the market and the competitors, be sure you understand the capital costs to succeed and be sure you have the team necessary to prevail.”

Bonus

I thought I’d share my best advice for young entrepreneurs in addition to the responses provided by everyone else on this article.

Jeet Banerjee – @TheJeetBanerjee

“If you’re passionate about something and are willing to put the work in, go for it! Do not let the fear of failing stop you from trying to build the business of your dreams. Take small steps, find help, and turn your dreams into a reality through hard work.”

Conclusion

There you have it! These are what other successful entrepreneurs think play an important role in the success of young entrepreneurs.

Here is a great video that shares some more tidbits and advice for striving young entrepreneurs. If you have any advice for young entrepreneurs yourself, feel free to share it below.

photo credit: Fernando X. Sanchez via photopin cc

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