No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
Want to know why we put a 13-year-old entrepreneuron the cover of this magazine? There’s the simple reason, of course: We want to celebrate youthful achievement and inspire others.
But there’s a deeper reason, aimed at anybody old enough to rent a car. If that’s you, go take another look at Zollipops founder Alina Morse on our cover. She looks like she’s having fun, right? So carefree! Her whole life ahead of her! But make no mistake; she and her peers are coming to replace you. They are smart -- trust us, we’ve interviewed them, and they are frighteningly smart. They see problems with fresh eyes, unencumbered by the calcified logic that blinds those with more experience. They’ve watched you, and seen you fail and succeed, and absorbed the lessons. They’re savvy. They’re ready.
Many people don’t see this. They say young people are lazy or entitled. They say “millennial” or “Gen Z” as if it’s an insult. And when they do, they partake in one of the world’s oldest traditions. “Self-admiring, emaciated fribbles” is how the young generation was described in 1771. “So full of self-conceit and admiration of their own dear self” is how a writer in 1853 put it. “A whole 10 years of experience?!?! They must be geniuses by now” is what some dope tweeted at me in 2018, when I described millennials as leaders.
If any of this were true -- if at any time across history, the next generation were truly worse than the prior one -- then society would have ground to a halt. Innovation would have ceased. But it did not. We dismiss today’s youth the same way you and I were once dismissed by those older than us. It was never true, what they said. Not once. And it’s not true now.
If you condescend to the youth, you only blind yourself to danger. You won’t get destroyed by the competitor you watch closely; you’ll get destroyed by someone you never saw coming. That girl on our magazine cover? That’s who’s coming.
But this shouldn’t be a competition. Entrepreneurship isn’t a zero-sum game. It’s a community built on shared wisdom and mutual respect. So really, I write the above as a way to say this: We all benefit when we let these young entrepreneurs in. Respect them as they respect you. Learn from them as they learn from you. Then you’ll take part in another, grander tradition -- of paying it forward.
Consider the story of Jeff Lopez. In 2007, when he was 16, he wanted to start a marketing company but was too young to legally sign the paperwork. So Sadie Clayton, the coordinator at his after-school program, stepped in -- filing the articles of incorporation and other documents, and helping him build his company into something real. Then she continued to help him as he wrote for the local paper, which set off a crazy series of events: A fan of rapper Chris Brown read one of Lopez’s stories, then asked if he’d help develop a fan page. The page became so big that Chris Brown himself hired Lopez. (This was before Brown’s legal troubles.)
“If it wasn’t for my mentor being by my side,” Jeff tells me, “no one would have taken me seriously.” But today, major Hollywood studios take him plenty seriously. His company GLOOB works with them regularly; recent projects include Wonder Womanand Mad Max. Sadie and Jeff are still in touch. “I have learned more about myself through mentoring Jeff than I could have ever imagined,” says Sadie, now admissions director at Camden Center for Youth Development. “I learned patience, understanding and that everyone has their own path.”
That’s it right there! When we recognize talent in whatever form it takes -- any age, any background -- everyone benefits. All we must do is shift perspective. Because, yeah, you could look at our cover and say, “There’s a 13-year-old girl on the cover of Entrepreneur.” Or you could just say, “There’s an entrepreneur on the cover of Entrepreneur.” Both are true. But the second one is more useful for us all.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…
We were just about to start our meeting on what next to post when one of our colleague came in with Forefront magazine and showed us this very inspiring story about overcoming problems in life. Here is the content of the story.
As hard as it may be, more problems might actually mean a
closer window of opportunity. There is a saying that every single thing happens
for a reason and whatever does not kill us makes us stronger. A story by Alijo Sylvester.
The story goes like this: A young woman went to meet her mom to tell her about her life
and how things are so hard for her. She was about giving up and had no idea how
she was going to make it. She was fed up of fighting and struggling. She complained
of how after a problem, straight comes another one. Her mom called her to the kitchen. She filled three pots with
water and put them on fire. The first pot, she placed carrot, the second she
placed egg and the third she placed ground coffee bean. She let them boil without saying a word. In abou…