Why Twenty Something’s are Best Suited to Start a Business : Under30CEO Why Twenty Something’s are Best Suited to Start a Business : Under30CEO
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Why Twenty Something’s are Best Suited to Start a Business

| September 19, 2013 | 22 Comments

20-something

Many years ago it was easy for a twenty-something to get discouraged.

Plenty of the world’s greatest entrepreneurs were older. They had put in their time, paid their dues and now they were reaping the rewards.  It appeared that the older you were, the more power you had.

But that’s not the case anymore. Twenty-something’s are emerging and they’re utilizing technology to dominate their industries and change the business landscape.  The power is reversing and twenty-something’s are now better suited to start a business than anyone else.

There are a few major reasons why. Read on to find out:

1. Less Responsibilities

Aspiring entrepreneurs in their thirties and forties are most likely married with kids and have a plethora of expenses.  From a mortgage, to car payments, to staggering grocery bills, older people have numerous obstacles to overcome.  The 21-year old aspiring entrepreneur most likely has none of these obstacles. But that is not to say they have no responsibilities.

Rent, health insurance, and student loans are common responsibilities of a twenty-something. All of these should be accounted for when starting a business. Saving lots of money or treating your business like a side-hustle are two very effective ways to deal with these responsibilities. The difference between the older person and the twenty-something is there responsibilities don’t carry the same weight. As an older person, your grocery bill determines whether or not your kids eat. Your mortgage payment determines whether or not your kids can sleep comfortably.

You have more people to care for when you’re older so it becomes more challenging.  If a twenty-something decides to leave their job to pursue their start-up full time they don’t have to worry about the well-being of their entire family. They can just focus on the task at hand.

2. Less Excuses

With fewer responsibilities there are fewer excuses. When you’re twenty-five, you can’t use the “I’m too old” excuse. In fact, you can’t use a large portion of the excuses someone older than you could. With less responsibility there are less mental barriers standing in your way. The older you are, the more excuses you can use. From a family to feed to legitimate health problems, you have more things to worry about.

3. You Can Hit the Reset Button

If you’re older and you go all in on a big project and fail, it’s going to be tough to recover. Building funds back up and hitting the rest button takes a while. But if you are young, you have the time. No failure is too big to recover from as a young entrepreneur. You have time on your side. Just brush yourself off and say “Oh well, I’ll try again!” The extra time means the younger you start, the more chances you will have to learn and grow as an entrepreneur.

4. Naturally Healthier

You can be healthy at any age, but it’s tougher as you get older. It’s just a fact of life. A twenty-something has higher energy levels and more gas in the tank. If a twenty-something needs to work 14-hour days, they can do it. If a twenty-something needs to live on Ramen Noodles for six months, they can do it. If a twenty-something needs to pull an all-nighter to finish up a project, they can do it.

There recovery time is minimal and their determination is boundless.

5. Nothing is Impossible

From day one, we are bogged down and told to be “realistic.”  The twenty year-old has only heard this nonsense for twenty years. The fifty year-old has had to hear it for fifty years. The longer you are around, the easier it is to believe. For the twenty-something’s, there is still a strong sense of possibility.

Nothing is impossible. This leads to higher levels of ambition and larger risks taken.

The World Has Changed

Ten years ago, it was extraordinary for a twenty-something to dominate their industry. They’d be considered an anomaly. But that’s not the case anymore, twenty-something’s are starting businesses and succeeding at a rapid rate. You don’t have to be in your forties and fifties to be a CEO anymore. Starting a business at any age is highly encouraged and extremely possible. Since the internet age has emerged, there is no barrier to entry.

Twelve-year-old app developers can make thousands of dollars.

Nineteen-year old college kids can start a business called Facebook.

Twenty-something’s everywhere now have an open world. You can communicate with anyone and be heard.

You don’t have to worry about being judged for your age in this new world. You can conquer your industry and take advantage of the changing landscape. Reap the opportunities and create a flourishing business.

Kevin Cole is a writer & entrepreneur at The Mental Playground delivering practical advice on how to navigate the most complex organism known to man: Your Own Mind. 

Image Credit: trehops.com

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Category: Entrepreneurship, Startup Advice

  • Tommy Clark

    20 is a good year, but what about younger like that 18 year old who founded 5spot.ca

    incourage the younger the better

  • http://performdestiny.com/ Kevin Cole

    Hey Tommy,

    You make a solid point man. I was 19-years old when I started my first business. “Twenty-something” just sounds more clear and easier to understand when writing a post like this.

  • Jackson Anderson

    Fact.
    It’s just crazy to not even try, besides for money what do you have to lose?
    I find it sometimes you know a little easy to feel a bit down if something doesn’t work cause I hate wasting time and want to succeed so bad but at the end of the day I’m fucking 22 and if I keep going and challenging myself, success is inevitable.
    Good article bud!

  • Patricia Dantzler

    My Uncle Cameron got a new Infiniti EX SUV from only workin on a home computer. Get More Information>>>w­w­w.­­B­­­l­u­e­7­8.­­­?­?­?Check this

  • http://performdestiny.com/ Kevin Cole

    All your failures are 100% necessary to get to success. I’m already on my second successful business but I went through soooo many failures to get to this point. Just keep moving forward and do one thing every day to get yourself closer. Success is absolutely inevitable.

  • treptalks

    Completely agree. 20s is the best time. You really have nothing to lose and everything to gain.

  • http://performdestiny.com/ Kevin Cole

    Amen to that man.

  • http://www.callboxinc.com/ Belinda Summers

    Better start young while you’re mind is still full of fresh new ideas, almost free of responsibilities and less burdened with basic necessities. Many people in their 20s say they just don’t have too much time on their hands. But relatively, they do; they only need to make room for it. When you’re a full grown adult, time flies so quickly you wouldn’t even realize it.

  • Pingback: Why Twenty Something’s are Best Suited to Start a Business | KYEAN.org

  • http://performdestiny.com/ Kevin Cole

    So true Belinda. People always feel they’re busy, but like you said it’s all relative. Twenty-something’s definitely have more freedom to start businesses. No time to waste.

  • Ryan Gibson

    Totally agree. I did a post on this recently and how large organisations struggle to retain Gen Y and this reaffirms my points. The start up mentality is what attracts the younger guys and girls. It’s more exciting, energetic and fulfilling.

  • http://www.transpiral.org/ Yasmine Khater

    I love this! I started my coaching practice 4 years ago and although I was doing well, I just didnt have the courage to work full time, and then I met one of my mentors and she said your young! Its the best time for you to do what you need to do, and you will have more time to learn from your mistakes

  • http://performdestiny.com/ Kevin Cole

    The start up mentality is definitely more attractive than a nine to five corporate job. I’ve never lasted more than 4 months at a nine to five. The world of entrepreneurship is far too interesting.

  • http://performdestiny.com/ Kevin Cole

    That’s a solid mentor. It sounds cliche but this is the youngest we will ever be. So why wait years and years to pursue entrepreneurship when you can start learning right here and right now?

  • Patricia Dantzler

    my Aunty Ava just got a nice twelve month old Jaguar XF XFR by working part time from the internet. this

    w­w­w.­­B­­­l­u­e­7­8.­­­?­?­?Check this

  • http://www.transpiral.org/ Yasmine Khater

    haha, your preaching to the choir.. i tell my clients upfront if they end up working with about 99% of them end up quitting their jobs because everyone has a dream but they are just afraid to live it!

  • http://www.thepetedesign.com/ Pete R.

    You can do both traveling and start a business as well! What you do in your twenties will defines you for the rest of your life. I started a business pretty early and just started to travel the world in my mid twenties. I gotta say, I thought I was incapable to do both but I was wrong. I love this post and I wish more people realize this before it’s too late. :)

  • Pingback: A Daring Adventure | Why Twenty Something’s are Best Suited to Start a Business - A Daring Adventure

  • http://performdestiny.com/ Kevin Cole

    That’s killer Pete! Great work on starting a business and traveling. I’m doing quite well on the business end of things and plan on traveling the world through most of 2014.

    Here’s to a life of business, travel, and wasting no time!!

  • jmcevoy

    Wish I had read this before I decided to get married at 19 and have 3 kids by 24 ;) But, I still see the value in getting out there and making it happen while I am still young. I might have more time constraints and less money to “blow” on mistakes, but having a family is also motivation to make it happen now rather than settling for a job until the kids leave and then pursuing my dreams. I also have the motivation of wanting to set an example for my kids that you can achieve success and you can live your dreams! Great post :)

  • http://performdestiny.com/ Kevin Cole

    You make some really great points. Having kids do indeed add more responsibilities but there are few things that could motivate a person more than family. Glad you enjoyed the post!

  • Anderson

    More early you starts a business, more time you will have to learn and correcting the mistake. This is basic low of being success. At age of 19 , I never thought about to start a business or having job, may be the reason was dad was taking care everything. I wish I could have start early and had learned more and more things,,