Pros and cons of being a young entrepreneur

There are advantages and disadvantages to everything in life. Being a young entrepreneur is no different. This does not mean you shouldn’t explore being an entrepreneur. However, it helps if you are aware of the opportunities, as well as the challenges and how best to handle them when they come. Here are some pros and cons of being an entrepreneur at a young age:

 Pros

1. You’ve got time: Being a young entrepreneur affords you time to be adventurous, so you try out new things for your small business and learn from your mistakes.
2. Fewer responsibilities: You’re young and just starting out. You have fewer responsibilities, so you can put in more financial resources, time and effort into your business. When you are older, this is not the same, as you have so many responsibilities on your shoulders.
3. You’re full of ideas: Younger minds tend to have more ideas and creativity than older entrepreneurs. Their innovative minds and the ability to keep up with trends help churn out ideas faster.

Cons

1. Lack of experience: It’s one thing to be full of ideas and another to execute them well. Effective and efficient execution comes with experience which isn’t an attribute of many young entrepreneurs.
2. Lack of capital and investments: Younger entrepreneurs often face the challenge of getting the required funding for their small business. Fortunately,  you shouldn’t have to worry about that when you have a Flexx account. Flexx gives you exclusive access to our programs such as #FlexxYourCreativity and Entrepreneurship Masterclass, which provide funding and necessary training/mentorship resources to young entrepreneurs.

Open your Flexx account here in just 4 minutes if you don’t already have one.