Friday, 7 October 2011

Under 30 and starting a business

Under 30 and starting a business


I once did a test online about something to do with what type of businessman are you? Something like that. Anyway, I was hoping that I would be told that I was a leader, or on route to do well, or something else equally positive and reassuring. No such luck. I was told that I was waiting and that what I was waiting for was other people, a partner. It went on to say I would never start a business.

Well, I'm proving that waste-of-time test wrong! Far from wanting to prove anyone wrong, the logic suggests that running a start up, certainly for a young person, is quite a good option (for those with a little bit of start up capital). The alternatives in the jobs market are things like

- Doing free work experience/internships
- Taking a pay cut
- Losing your job due to companies' tightening up their budgets
- Long term unemployment/state benefits
- Sit and pray that my investments triple in the next few years, leaving me with a pitiful dividend income.

Nope. None are these for are for me. I am a risk taker. And yes, I'll do it alone. Or will I?

It is not easy running a business, at any age. Being under 30 has its pros and cons.
Youth brings with it energy, dynamism and generally an appetite for risk. The older would be entrepreneur more than likely has more contacts, money and knowledge. However, from everyone I have spoken to, they are the ones that am saying I am brave.

In my other articles I go into more detail about life at a start up, the ups and the downs.

Other articles:

Pros and Cons of Starting a Business

Self employment in the UK part1

Should I start a business? Self employment part 2- freedom of location