A little while ago I wrote about “starting your at entrepreneurship” and how at a young age I wrote my own business plan for a few ideas I had. The content also contained a description of something which happened over Christmas that I was really impressed by.
The content seemed to gain a little interest and Ashley Baxter posted the comment below;
I don’t think it’s wrong for young people to be entrepreneurs, and I definitely don’t think it’s generally seen that way? Look at The Prince’s Trust charity; they are actively encouraging and funding youngsters to get into business. It was likely a few small minded adults who looked at you oddly, but I very much doubt people think it’s wrong. Sure, these kids are so few and far between that they can’t help but be seen as ‘different’, especially as kids are more so inclined to have fun than dedicate their time and energy into a profitable business (even though that is fun).
Your last paragraph says you shouldn’t hold back if you have a great idea. I couldn’t agree more myself and think too many people sit on their ideas, but do you ever regret not giving any of your early ideas a whirl?
I’d like to thank Ash for her comment, I wanted to reply straight away but then wanted to take some time away and taken her comment in to consideration and possibly reply later when had thought more about it. After much deliberation I thought it would be better to actually write a new post as to why I did/did not follow any of my ideas along the way of my youth.
Never hold it back
Like I said in my previous post, it’s definitely not wrong for a young person to be an entrepreneur or have the ideas to enable them becoming one. I think it would be defeatist to restrict an entrepreneur whether young or old. It’s something that is in ones blood and should be left alone. One hundred ideas could go wrong and one could go right and of course it could only take one idea to make someone a very comfortable lifestyle for the future.
I do believe, just like Ashley, that many people hold back on their ideas instead of taking them forward. More so because of their fear of risk. Risk can be looked upon in many ways, however, I believe in most cases it would either be the fear of failure or financial instability that stops entrepreneurial ideas from taking places. You can look upon risk in another way and view it as the difference to either making a decision or not… I wonder how many entrepreneurs have thought “what if…” long after they held back on taking an idea forward.
I have a lot of regret and it’s something that I think about quite a lot. I generally come up with crazy ideas quite often, of which I’m working on one at the moment. Looking back at my previous post about the business plans I wrote then I was 15, the idea would have needed to start almost immediately as at the time there was a surge of broadband connectivity throughout the country and it would have only lasted for 2 years. In that 2 years had I made any money I would have more than likely invested it in something else. That particular time of my life when I wrote them wasn’t the part I have regret about, I thoroughly enjoyed sitting with my Dad learning about cash-flows, targets and foot-fall. I do believe in fate and that everything happens or doesn’t happen for a reason, had I produced those businesses I might not be where I am today enjoying everything I am doing.
The only area of my youth that I regret giving up on is nVmax, the two and a half years that Andrew and I spent on creating the community based around nVmax was amazing. I’ve never been able to really put in to words what it was like maintaining a site of such size, working with all of the gaming companies to receive preview and review material (hardware, software and games). Back then, 2001 to 2003 we were getting serious amounts of traffic and had we taken it further we may have been able to make something of it. When we were working on it there wasn’t as much revenue involved in advertising online that we knew of, however looking back on it now I think we would have been more than comfortable had we carried on.
That is as far as the regret goes, whilst I miss nVmax a lot as it did take up much of my life whilst I was working on it, it did give me such a lot of experience for what I now do everyday. I am more than sure that the experience I gained through working on nVmax all those years ago has enabled me to succeed in the things I’m working on now.
In essence I regret giving up because of what could have happened, however I don’t regret getting the experience. That experience has helped me out in more ways than I’ll ever realise.