When we think of entrepreneurs, we might imagine that people who have been employed for many years have improved in their profession, respectively. in their field and decided to do business on their own. However, a new global survey reports a somewhat surprising finding that people consider 28 as the optimal age to start a business. This information may conflict with common stereotypes about small business owners, but it makes sense when we consider that millennials are so different from previous generations and have all the prerequisites that giving up “nine-to-five work” is a smart decision.
a company Herbalife Nutrition He recently conducted a survey of more than 25,000 people between the ages of 18 and 40 in 35 countries around the world, with interesting results.
Among respondents interested in starting a business, more than half (51%) fear that they will not take them seriously because of their age – but at the same time see their youth as positive. As many as half of them said that their age increases their chances of success.
Digital literacy and technology skills matter
According to the survey, one of the advantages that young entrepreneurs enjoy, in particular, is their technical fitness.
- Six out of ten (61%) respondents said they are better at adapting to new technologies than other generations.
- 43% of respondents said they are more likely to have new, unexplored ideas.
- 29% of those who wanted to start a business said they were “less afraid of failure” than other generations.
The survey also found that younger respondents are less likely to support their families or pay off their mortgages, giving them a more adventurous and exploratory approach to running their business. This desire was also the main motivating factor mentioned by respondents who are eager to work, followed by the ability to fulfill their passion. And this passion is important, we also discovered from independent distributors who started a business in the field of nutrition.
Starting a Business It takes a certain amount of passion and courage. It also requires finding a balance between realizing the risks and the excitement of managing yourself and believing in your ability to be the driver of your success. Nearly 75% of survey respondents said they dream of becoming an entrepreneur. This only underscores how tempting it is to be your own boss, as well as the freedom to set your own working hours.
“I always recommend to young entrepreneurs that as they learn to deal with the day-to-day challenges of starting their own business, it is imperative that they surround themselves with a supportive community, including mentors and people who will constantly take them to the next community level. Not just the people who nodded at everything,” He says John de Simon, chief of Herbalife Nutrition.
The survey also found that 31% of adults see entrepreneurship as an opportunity for a career change. 26% of survey respondents said that starting a small business could help them increase their income after a pandemic that cut their working hours. Entrepreneurship is often seen as a way to give people more time to pursue extracurricular hobbies.
Experience is welcome
However, wanting to be an entrepreneur doesn’t mean respondents throw themselves into it – they believe one should have about five and a half years of experience before starting one’s own business. If the entrepreneurial pandemic has taught anything, it is that, regardless of age, the difference between success and failure often lies in the foundation of a good business, willingness to learn, adaptability and, last but not least, passion for their work.
“We are proud of our ability to work with entrepreneurs around the world – our independent distributors – to help their communities be healthier through nutrition. Small business owners value their independence, flexibility, and confidence in their work.” Add John de Simon.
Entrepreneurship is a great opportunity to gain more control over your life, and contrary to stereotypes, younger students have valuable skills to succeed. If you are considering becoming your own boss, it’s time to start pursuing your passion.
About John Desimone
As President of Herbalife Nutrition, John DeSimone continues to live up to the company’s philosophy and fully supports its unique value in helping people lead healthy, active lifestyles through personalized nutrition and business opportunities.
John DeSimone is responsible for managing the company’s regional management, which is responsible for growing the business in quality nutrition as well as increasing performance in 95 markets around the world. In addition, John DeSimone is responsible for supporting distributors worldwide, including marketing, promotion, sponsorship, business process support, events, and communications with Herbalife Nutrition’s independent distributors.
He has been with the company since 2007, and has held several senior strategic positions, most recently being Co-President and Director of Strategy. John DeSimone has over 25 years of experience in corporate finance. He holds a Bachelor’s degree in Corporate Management from Bryant University in Rhode Island, USA.
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