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10 Things Successful Young Entrepreneurs Do Differently

10 Things Successful Young Entrepreneurs Do Differently

Generation gaps are getting more and more severe and, when you think about it, it’s really no surprise. The rushing technological development of humankind that sprang in the 20th century and is still going strong in the 21st has been the catalysts to mark this gap so severely.

Truth be told, if I was born somewhere in the 40s or 50s, I would most definitely have a lot of trouble understanding the lives of youngsters these days. It is very challenging to even filter all the information that we now have access to, let alone put it to good use. I mean, I’m not terribly surprised by the look of bewilderment on my mom’s face when I show her my Twitter profile. Heck, even I get lost in there sometimes.

These years have been marked by the success of the generation of people popularly named the millennials. People born between the beginning of the 80s up to somewhere in the mid 90s can consider themselves a part of this group. There are some things distinct about this particular age group that makes them capable of achieving success very early in their lives. Here are some of the traits & tricks these young entrepreneurs boast about and rely on when making decisions.

1. Mark Zuckerberg: Be dedicated

(1) Mark Zuckerberg

    “Are you willing to make sacrifices for your passion?”

    As the owner and founder of Facebook, Mark Zuckerberg is one of the most successful people in the world, let alone among the millennials. Dedication to work and innovation have set this 30-year-old genius apart from the competition, and his wealth is estimated somewhere around $33.1 billion. According to Mr. Zuckerberg, you should devote yourself to what you are doing and if this means missing a few nights out then so be it.

    2. Aden Levin and Rob Tominey: Know your market

    (2) Aden Levin and Rob Tominey

      “Essentially, we want to become the number one company for inexpensive but high quality travel.”

      Millennials are quite aware that the majority of their generation loves to travel and these two young entrepreneurs, being that they are a part of this generation, found it as an ideal place for investment. The broader message here is to be aware of the time that you live in and give the people what they want, don’t try to convince them into what they need, in other words, there words do your market research thoroughly.

      3. Jamie Dunn: Choose your friends wisely

      (3) Jamie Dunn

        “Surround yourself with positive people who believe in you.”

        As a 20-year-old who managed to put his own company together at that age and ended up hitting major success, Jamie Dunn definitely has natural talent for entrepreneurship. When he was asked what he found most difficult through his rise to success, he replied that the biggest problem was breaking out from that circle of people who claimed he would never make it. Encouragement is a big part of success.

        4. Ben Weissenstein: Start at the bottom

        (4) Ben Weissenstein

          “Everything started as nothing.”

          Mr. Weissenstein’s career started when he was helping his mother organize a garage sale at the age of 14. At the age of 19 he had already started a company with a couple of friends with no knowledge of how to run a business. He claims that their organization was rather simple in the beginning but, gradually, they learned and got more organized.

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          5. Amelia Humfress: Enjoy diversity

          (5) Amelia Humfress

            “You get to dive straight into the interesting challenges and do something different every day, rather than just making the tea!”

            In her first year as an independent coder, Amelia made a turnover of £408,000. Today, she holds Humfress’ coding, which has the flattering title of one of the best places to code in 2014 and currently offers classes in many types of coding, web design and much more. She claims that her motivation comes from the fact that her job always has to offer new and interesting challenges.

            6. Sheel Tyle: Find your inspiration

            (6) Sheel Tyle

              “Finding your motivation and drive that will not go away”

              The youngest on the Forbes 30 under 30 finance list in 2013, Sheel Tyle is an associate NEA at a venture capital firm and a young entrepreneur. He ties his greatest inspiration to an event he witnessed on the streets of Mumbai. Apparently, he witnessed a man haggling a price of his purchase from 20 to 19 rupees (which is somewhere around 2 cents) and this kind of devotion inspired him to start his own career.

              7. Sheryl Sandbergs: Keep the ones you love close

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              Clinton Global Initiative Annual Meeting In New York

                “Remember to find some times for the ones you care about”

                A woman that managed to get Facebook’s shares up 140% works hard but doesn’t only focus on work. Outside of work, she has an active life with her family and friends which is something that is generally considered a priority by millennials across the board.

                8. Steph Parker: Know your SEO

                (8) Steph Parker

                  “Learn about social media and modern marketing.”

                  As one of Forbes’ Top 30 under 30 Marketing and Advertising, her career has really been a diverse one. One of the crucial things that helped her move forward was her experience and understanding of how SEO works which helped her discover how content actually reaches people. If you want to be a modern entrepreneur, you have to use the right SEO tools in order to allow people to reach the idea you want to present them with.

                  9. George Burgess: Be a problem solver

                  (9) George Burgess

                    “Finding solutions to problems you have and then capitalize on them.”

                    As a student, Mr. Burgess had trouble finding any useful apps to help him prepare for his A-Levels. The fact that there is a considerable number of apps out there and that none of them helped students get through their education struck him as an ideal place for investment and it appears he was right. Focusing on real needs is a must if you want people to take notice.

                    10. Jamal Edwards: Make your hobby into a profession

                    (10) Jamal Edwards

                      “Turning a hobby into an entrepreneurship ends up leaving you with work you love.”

                      At 15, he started amateur filming with his friends, just for fun and he uploaded his first video in 2007. In just 7 years, he has grown so much that he worked with some of the most famous Pop Stars out there and gathered a following of 400,000+ subscriptions on YouTube.

                      There is a lot to learn from these young people and I hope this helps you on your way to success. Remember, not every entrepreneur makes it as quickly as these guys, so don’t get discouraged and things will definitely happen for you.

                      More by this author

                      Ivan Dimitrijevic

                      Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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                      Last Updated on January 13, 2020

                      Is It Time for a Career Change? (And How to Make the Change)

                      Is It Time for a Career Change? (And How to Make the Change)

                      Are you challenged at work? Do you regret career decisions? Are you happy? If the answer to the questions leads to a negative feeling, it is time to determine next steps.

                      Many people settle for a career that no longer brings satisfaction. Most will respond by stating, “I am surviving” if a colleague asks them “How’s work?”

                      Settling for a job to pay bills and maintain a lifestyle is stagnation. You can re-direct the journey of a career with confidence by taking control of future decisions. After all, you deserve to be live a happy life that will offer a work-life balance.

                      Let’s look at the reasons why you need a career change and how to choose a career for a more fulfilling life.

                      How to Know if You Need a Career Change?

                      The challenges of dissatisfaction in a career can have a negative impact on our mental health. As a result, our mental health can lead to the obvious appearance of stress, aging, weight gain and internal health issues.

                      You deserve a career that will fulfill the inner desire of true happiness. Here are common factors that it is time for you to change your career.

                      Physical Signs

                      Are you aging since you started your job? Do you have anxiety? What about work-related injuries?

                      It feels amazing to receive a pay cheque, but you deserve to work in an environment that brings out the best of you. If the work environment is hazardous, speak to your boss about alternative options.

                      In the case that colleagues or your boss take advantage of your kindness, feeling the anxiety of fear of losing your job because of a high-stress environment may not be right for you.

                      Mental Signs

                      One out of five Americans has mental health issues, according to Mental Health America.[1] In most cases, it is related to stress.

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                      I remember working at a job in a work environment where harassment was acceptable. I had to walk on eggshells to avoid crossing the line with colleagues. My friends started to notice the difference in that I seemed out of character. It was then that I knew that changing a career to freelancing was the right decision.

                      Here is a list of mental signs of workplace unhappiness:

                      • The tension in your neck
                      • Difficulties with sleeping
                      • Unable to concentrate
                      • High anxiety
                      • Depression

                      If you start to feel your self-esteem is diminishing, it is time to consider if working in a high-stress industry is for you. The truth is, this negative energy will be transferred to people in your life like friends and family.

                      Are You Sure You’re Not Changing for the Wrong Reason?

                      Most people that feel they need a career are frustrated with their situation at work. Do you really understand your current situation at work?

                      The reason it is important to think about the work situation is some people decide to change career for factors that are insignificant. Factors that can potentially change if the person works in a different department or new organization.

                      Here is a list of unimportant factors to think about before you decide to make the transition:

                      Desire for an Increase of Salary

                      The desire for a higher income can persuade some to believe they are in the wrong career. The issue with this is more money requires more time in the office or taking on several positions at a time.

                      At times, pursuing a high-income role can be the complete opposite of what one is expected. It is what happens when a colleague leaves a company to a new one and returns several years later.

                      Overnight Decision

                      Let’s face it. We make overnight decisions when stressed out or disappointed with situations at work. The problem with a quick decision is the negative and positive points is overlooked.

                      Rejected for a Promotion

                      I have heard stories of managers that applied ten times for a position throughout a 5-year period. Yes, it sounds to be a lengthy process, but at times, a promotion requires time. Avoid changing a career if you do not see the results of a promotion currently.

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                      Bored at Work

                      Think deeply about this point. If you work a job that is repetitive, it is normal to feel bored. You can spice it up by changing the appearance of your desk, socializing with new employees in a different department, joining a leadership committee at work or coming to work with enthusiasm. Sometimes, all it takes is you to change jobs into a fun situation.

                      A career change can take time, networking, education and the job search process can be a journey. Here is a list of things to consider before making a final decision:

                      • How long have you worked in your career?
                      • What is the problem at work? Do you work well with the team?
                      • Do you receive recognition?
                      • Can you consider working in a new department?

                      If after reviewing your work situation and none of the above recommendations can help, then it’s time to make a career change.

                      How a Career Change Will Change Your Life

                      I have a friend that works in the medical industry. She was once a nurse working directly with patients in one of the top hospitals in her area. After five years, she started to internalize the issues with her patients to the point where she felt depressed after work hours. It impacted her relationship with her family and she almost lost herself.

                      One day, she decided to wake up and take control of her destiny. She started applying for new medical jobs in the office. It meant working on medical documentation of patients which is not an ideal career based on what society expects a medical professional to perform. But she started to feel happier.

                      It is a classic example of a person that was negatively impacted by issues at work, stayed in the same industry but changed careers.

                      A career change can fulfill a lifelong dream, increase one’s self-esteem or revive the excitement for one’s work.

                      You know a career change can be the right decision to make if you experience one or all of these:

                      • Working in a negative workplace: Don’t be discouraged. A negative workplace can be changed by working at a new organization.
                      • Working with a difficult boss: The challenges of working with a difficult boss can be stressful. All it takes is communication. You can address the issue directly with a manager professionally and respectfully.
                      • Feeling lost about what you do: Most people stay at their jobs and settle for mediocrity because of the fear of failure or the unknown. The rise to success often comes with working a tedious role or stepping outside of one’s comfort zone. If you fear the idea of being involved in activities that are new, remember that life is short. Mediocrity will only continue to make you feel as if life is passing you by.

                      How to Make a Career Change Successfully

                      The ultimate key to success is to go through a career transition step by step to avoid making the wrong decision.

                      1. Write a Career Plan

                      A career plan has a dead line for action steps that includes taking new courses, learning a new language, networking or improving issues at work.[2] A career plan should be kept in your wallet because it will motivate you to keep pursuing the role.

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                      You can learn how to set your career plan here.

                      2. Weigh Your Options

                      If you have a degree in Accounting, write down five positions in this industry of interest. The good news is diplomas and degrees can be used to a variety of roles to choose.

                      You don’t have to stick to what society holds a top job. In the end, choosing the right role that will make you happy is priceless.

                      3. Be Real About the Pros and Cons

                      It is time to be honest about strengths, weaknesses, opportunities and threats in the job market that are impacting the current situation.

                      A SWOT Analysis of a career can include:[3]

                      • Economic factors
                      • Direct competition: Is this role in high demand?
                      • Location: Do you need to move? If the goal is to work in tech and living in Cincinnati is not realistic, consider moving to San Francisco.
                      • Achievements: To stand out from the competition achievements like awards, committee involvement, freelance work or volunteering is a recipe for success.
                      • Education: Do you need to go back to school? Education can be expensive. However, online courses, webinars or self-study is an option.

                        A career blueprint is the first step to creating realistic goals. A person without goals will be disappointed without a clear direction of what to do next.

                        4. Find a Mentor or Career Coach

                        A mentor or a career coach that works in the desired position can share the pros and cons of working in the role. Here is a list of questions to ask a mentor:

                        • What is required to be successful in the role?
                        • What certification or educational development is needed?
                        • What are the challenges of the role?
                        • Is there potential for career advancement?

                        A chat at a coffee shop with a mentor can change your mind about the desire for a career change.

                        Find out how to pick a good mentor for yourself in this article: How to Find a Mentor That Will Help You Succeed

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                        5. Research Salary

                        Some people decide to change careers for a role that pays less or perks like benefits to make up for the difference in previous to potential salary.

                        It can reveal the cities throughout the country that offer a higher salary for those that have an interest in relocating for work.

                        6. Be Realistic

                        If your goal is to move up into an executive position, it is time to be honest about where you are in your career.

                        For example, if boardroom meetings, high-level discussions about financials or attending weekly networking events are boring, an executive role may not be right for you. If you are an introvert and working with people every day is nerve wrecking, you need to reconsider a job in sales.

                        Ask yourself if you can work in this role for the next five years of your life. If other benefits that come with the role are enticing, other roles are fit that will make you happy.

                        7. Volunteer First

                        A person that wants to become a manager should take on volunteer opportunities to experience the reality of the position.

                        Becoming a committee member to pursue a presidential opportunity can provide a perspective on leadership, maintaining a budget and public speaking.

                        Volunteer in a role until you are certain that it is the right opportunity.

                        8. Prepare Your Career Tools

                        I recommend asking a boss, colleague or mentor for career tools. If you prefer professional assistance, you can seek out resume writing assistance. Here is a list of things to consider when preparing career tools:

                        • Online search: Search your name online to see what shows up. I recommend searching images that are on Facebook, Twitter, Snapchat or other sites on a personal account. The last thing you want to realize is the job search is unsuccessful because there is unprofessional content you posted online.
                        • Be LinkedIn ready: Recruiters conduct a LinkedIn search to see if the work experience is the same on a resume. Remember to change the wording on LinkedIn from the resume, or it will appear there was no effort put into creating the profile.
                        • Portfolio: A portfolio of work is recommended for people that work in the arts, writing, graphic design and other fields. I recommend a portfolio online and one that is available in hand when attending job interviews or networking meetups.
                        • Cover letter: A good cover writer will always impress your potential employers. Here’s how to write a killer cover letter that stands out from others.

                        Bottom Line

                        It takes time to move towards a new career. Pay attention to the physical and mental signs to maintain your health. You deserve to work in happiness and come home stress-free. If you avoid the common mistakes people make, you will find a job and discover the role in a career field that is the best fit with your skillsets.

                        Master these action steps and changing career paths will be on your terms to make the best decision for your future.

                        More About Career Change

                        Featured photo credit: Pexels via pexels.com

                        Reference

                        [1] Mental Health America: The State of Mental Health in America
                        [2] MIT Global Education & Career Development: Make a Career Plan
                        [3] Creately: Personal SWOT Analysis to Assess and Improve Yourself

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