As a young entrepreneur, eager to take the plunge but uncertain as to exactly how cold the water would be, I sought out successful millennial treps in which to draw advice and inspiration from as I trailblazed my own self-employed career.
Recognizing that others’ experienced guidance could help me avoid some not-so-cool entrepreneurial potholes, I drank up their tips and tricks like a dry sponge.
Over the past few years, I’ve had the opportunity to interview millennial entrepreneurs from a wide variety of industries and walks of life, sharing their inspiration, their passion, and their entrepreneurial pursuits with our readers on The Motivated Millennial blog. Today, we’re sharing a few particularly noteworthy responses to the question, “What advice do you have for today’s aspiring entrepreneurs?”
It’s my hope you’ll find their experienced expertise helpful on your own entrepreneurial journey.
What advice do you have for today’s millennial entrepreneurs?
Learn as much as you can from others before jumping in and starting your own business. It’s not as glamorous as current news sources would have you believe, but if it is your calling, then there’s no better place to be. Don’t be afraid to work at another startup or two before launching your own business either, I know it sounds like a drag to not get immediately started on your own thing, but learning in someone else’s school house is preferable to learning on your own when the stakes are much higher. It’s a long life and the experience you gain in your field of interest maybe what you need to spot the hole in the market that your idea could fill. – Adam Rivette
When I first decided to start my own business I won’t lie, I was scared. If I didn’t have my family, my husband there to support me and be there for me I don’t think I would have gone through with it. Be sure to have a strong support system in place so that you have the confidence to make the right move. Have a passion for what you do because that’s what will keep you going even at the harder points. Finally, don’t be afraid to ask for help and to seek out advice from other entrepreneurs in your field, it can truly be your greatest resource. – Justine Santaniello
Everyone has ideas, few are willing to execute them. They are scared or have the wrong idea about entrepreneurship. The startup mentality of “go big or go home” is misleading and leads to more failures than success. The mentality of starting with an idea that you can build with the least amount of capital today that can start generating revenue quickly is one that produces real results and success for entrepreneurs that I know frequently. It helps you build specific knowledge, capital, a track record, and ultimately confidence that you are capable of building something even bigger the next time around. Entrepreneurship is a journey so we should treat it like one. – Fehzan Ali
Read. Find a great coach/mentor. If you have a service based business, make sure that the service you’re providing comes naturally to you. Starting your own business is not easy. The fun part is the service! If you do something that comes naturally to you and is fun your life is going to be so much more enjoyable. Not that it will always feel fun and easy; we all have days when we just don’t feel like doing much of anything, but generally speaking, if you like what you’re doing, it will be worth it to figure out the business or any other challenging aspects. – Crystal Marsh
Have good stomach lining. You will experience high highs and low lows, but keep going. Your friends and family will have opinions. Look for the bit of truth in their worries and concerns. Know that well-meaning and wonderful friends and family members may not be the best business advisors. – Grace Van Cleave
It’s your life. The easiest thing is to live according to someone else’s plan, but don’t do it. Find what you want and go for it. – Sean Graber
Understand that entrepreneurship functions on an expedited timeline, and the fact is that none of us have an unlimited amount of time to create an impact. Ensure that you give yourself appropriate time to complete tasks, but recognize that a sense of urgency is vital to success in this rapidly changing and highly competitive landscape of business-building. In case of doubt, always refer to your unique and differentiated value proposition, because while the market for new offerings, products, or services in any area is fairly saturated, if your value is truly different, you will face markedly decreased resistance or increased receptiveness to your idea. – Shinjini Das
Keep an open mind and test every assumption or stereotype you’ve ever heard about careers and entrepreneurship. Starting a business is never as risky as people make it out to be because you don’t have to quit your job to do it! If you want to do something, talk to other people who’ve done. Go straight to the source. Don’t take advice from anyone unless you’d be willing to trade places with them. On a very simplistic level, don’t take advice from someone about fitness if they’re not a fit person. Apply that same thinking to your career. – Jason Bay
Whatever you want to do – begin it, but be wise. Put effort into developing good judgment. As important as it is to do your homework, you can’t know everything beforehand. Prudence is more important than knowing the facts. – Brianna Buch