20’s seems to be very fascinating age. We think we will earn handful of money and spend lavishly. But that’s not true when you are going to start on your own.
If you are willing to come up with your own start up in your 20’s, these are the 10 Commandments that you have to follow.
- Learn to the maximum
While you will be working for an company learn everyone’s job. This is necessary because when you beign with your start up you will be the one who will be handling all the jobs for a while. And once you start monitoring the works it will be easy for you to figure the mistakes and problems as you already know how everything works. So observe your bosses juniors and colleagues job while you are working for others and remember that learning never ends.
- Being young is beneficial
Entrepreneurship at this age may seem too early but its actually good. You can figure within 3 to 4 years whether you are good at your business tactics or not and you will be still not so old to fetch yourself a job. If your feel you are going good that means you have more time to build up the way you want.
This is the key factor of 20’s. You have less factors of concern and commitment which makes you flexible. The more the flexible you are, the better is your decisions. Flexibility also allows you to handle the problems easily.
- Spend if necessary
Once you start earning at the early stages it is necessary to save that money, because that is not for your lavish life but for your Companies growth. Don’t get carried away instead think of your profits as an investment of your further goals. Before spending on something think twice about whether is it necessary for now.
- Let them overlook your age
The main problem you will face is that all would question about your age. Brush your skills and be so good that they won’t mark you by age instead mark you by your ideas and skills. Now you will be dealing with your age issues and in the near future with your competitors.
Having someone to assist you is never bad. Choose a perfect fit for you who has potential and willingness to help you and also finds interest in what interests you. Ensure that you choose correct one because wrong partnerships can cost you waste of time, money and efforts you have put in.
- Work hard
While all your friends are settling down on a permanent job with fixed incomes you will be striving hard on your projects. Work work and more work is the only thing that you have to do. You will be happy doing that because what you will get in reward is the fruits for all your work.
- Plans don’t work
Don’t ever think that all your pre planned sets of solutions for a problem are never going to work because each problem is unique. You will be fighting, struggling and stressed all the time and if this is so that means your plan is working.
- Cash flow is king
Ensure that there constant income and expenditure for your company. Ensure that you get paid once you complete a task. Because that is going to be your staff salary and other expenditure lined up.
- Love what you do
Once you have started you need to dedicate yourselves for that. This means you must love what you are doing, because with love comes interest and compassion towards your work.