Important Lessons We Can Learn From Young Entrepreneurs

Young entrepreneurs have undoubtedly been the driving force behind some of the biggest changes the modern world (and particularly the last 40 years or so) has seen.

Photo: Richard Lorenzen is the CEO of Fifth Avenue Brands; Source: Courtesy Photo

Young entrepreneurs have undoubtedly been the driving force behind some of the biggest changes the modern world (and particularly the last 40 years or so) has seen. Staples of the modern business landscape — Facebook, Microsoft, Apple — were all started by young entrepreneurs who were willing to take a chance and follow their dreams.

Whether you are an aspiring entrepreneur, a seasoned business owner, or just a professional looking for some extra motivation, if you turn to young entrepreneurs and look at their attitudes and stories, you will find a number of inspiring lessons that can help you improve in your own endeavors.

Here are a few that stood out to the team at AchieveIconic.com



Making a Big Difference Requires Big Risk

One of the things about young entrepreneurs that inspires so many people is how fearless they seem. While some may say they are just not old enough to know any better, there is no denying that young entrepreneurs know a thing or two about taking big risks.

If you look at their success stories you will see that in order to make a big difference in their world, these individuals were all willing to take a risk with their companies, regardless (or perhaps because) of a lack of experience or funding.

Investing your life into a company at a young age is a big risk, but the idea of taking risks is what helps so many people find the success they have been looking for.


It’s Okay If You Don’t Know Everything

Most young entrepreneurs are faced with the same big obstacle: inexperience. However, so many of these individuals have proven that it is okay if you don’t know everything. In fact, sometimes it’s okay to jump right in and learn as you go.

Sure, these individuals experienced plenty of setbacks because they didn’t know what they were doing or didn’t have the experience needed to make certain choices. Despite those hurdles, they have all proven that it is acceptable (and sometimes necessary) to learn along the way.


Believe In Yourself and Your Company

The idea of a young person dropping out of college to start their own company may seem like a shock to some people, but that’s exactly what Bill Gates and Mark Zuckerberg did to make their dreams a reality. These two entrepreneurs are prime examples of what it looks like to believe in oneself and an idea; even when others questioned their actions.

While they took a less than traditional approach to their success, they proved that believing in yourself can give you the strength you need to ignore criticism from others.


Creativity Spurs More Creativity

One of the many reasons that so many business ideas come from college students is because young people are in an environment surrounded by other young and creative people. Being around like-minded peers in an educational environment is the ultimate example of creativity spurring creativity.

If you want to think of the next great idea, make sure that you are surrounding yourself with other innovators like yourself to create the perfect atmosphere for innovation.

While we may not all have the one great idea that can change our world, we can look at these inspiring entrepreneurs for some friendly reminders about how important our approach to reaching our own goals really is.


This article has been edited and condensed. 

Richard Lorenzen is the CEO of Fifth Avenue Brands, a public relations firm in New York as well as the co-founder of AchieveIconic.com. He has been featured on Forbes, Fox News, Huffington Post, Business Insider and others and speaks nationwide on entrepreneurship and branding. Connect with @rlorenzen on Twitter.


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