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Young Entrepreneurs Mean Business

Adam Groff

May 26, 2015

If you're about to embark on a small business venture, then you might want to take a look at how some young and successful entrepreneurs got their businesses up and running.

Besides, following the footsteps of success could lead you in a fruitful direction.

Here are just a few ways you can learn from young entrepreneurs when starting your small business:

Young Entrepreneurs Making it Big

Learning from success is one of the best ways to start a new business and there are plenty of young, successful entrepreneurs to take notes on.

From tech companies to retail products, the entrepreneurial spirit is sweeping the nation….

• Benelab - Seattle teen Jack Kim created a search engine that solely generates donations for charities and non-profit organizations. Benelab donates the revenue its search engine traffic generates to various causes. Kim's young startup has already generated $100,000 and it's not slowing down.

• Codie - Adam Lipecz is only in his 20s, yet he is already CEO and co-founder of the Codie Robot. The robot teaches teens and preteens how to write code, which is helping create future computer programmers. Codie is already popping up in classrooms all across the country.

• Wristify - Athletic merchandise is a huge industry and 22-year-old Sam Shames is entering the market in a big way with Wristify. This little piece of wearable technology allows athletes to track their body temperature while exercising, which helps them avoid overheating and exhaustion. Wristify is already sweeping the sports wearables industry.

Now that you have a better idea of the kind of startups that take off, it's helpful to know what young entrepreneurs are doing to get the ball rolling.

Long Hours at the Start

Starting a small business requires dedication and long hours at the beginning. That's just part of the recipe for success.

The article “A New Architectural Design for Young Entrepreneurs” mentions business owners living in the same place they work in order to increase productivity.

You don't necessarily have to do this, but taking your work home with you is something you'll likely need to do at the beginning. Investing time upfront will pay off with a successful business in the end.

Practice Frugality

Money is tight for businesses of all types, especially those just starting out. That's why it's important to not just budget your finances, but err on the side of frugality whenever possible.

There are always ways to cut back on business expenses, so find them and take advantage of them.

Whether you need to reduce postage costs or find a more affordable vendor for your office supplies, being frugal will help your business grow in the long run.

Staying Productive Means Staying Healthy

Sure, your business is important. However, what any young entrepreneur will tell you is your health is way more important.

No matter how busy business life gets, make sure you get plenty of rest, eat healthy, and exercise. By staying in good health, your productivity levels will soar.

When you're ready to embark on a new small business, keep in mind the pointers and entrepreneurs above.

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