How do young entrepreneurs build a successful StartUp?
RenB is always happy to hear about Generation Y taking things into their own hand. The number of 20 something’s wanting to build something of their own is rising with each day. With the right mix of passion for product, and passion for money, they can actually be successful.
Being a 20 something, you’re either still studying or might have just finished your course. This is an optimistic time for you. We don’t want to rain on your parade, but we’d like you to know that starting a business is hard work.
There’s a famous quote by an entrepreneur that wanted to move to the U.S. to come up with his own StartUp.
“Before I moved to the U.S., I heard that the streets are paved with gold. When I got here, I found out 3 things :
1.The streets were not paved with gold.
2.The streets were not paved at all.
3.I was expected to pave them.”
This quote is a famous one that has been used by many entrepreneurs as a mantra. Why? Because it perfectly depicts what starting a venture is like.
Here are some statistics you should know as a YOUNG entrepreneur.
95% of successful entrepreneurs have a higher education. In fact 70% are married when they DO launch their first StartUp. What does this tell you? – Building something big requires two Ex’s (Not Ex- Girlfriends or Ex-Boyfriends, but we’re sure the rule applies with relationships too *wink*)
It is hard for young entrepreneurs to have bundles of these two ex’s because these take time. Here is where – HELP comes in.
When we started the RenB StartUp program, we realised HOW many young entrepreneurs like you, needed our help. So we would suggest you join the program. Take help building what you want to build. Validate your idea. Have professionals HELP you solidify your business models. Help is a good thing.