Millennials are digital natives, risk-takers and have no qualms in pursuing their passion, and that is what makes so many youngsters to follow their entrepreneurial dreams, early on. e-Commerce Entrepreneur and CEO Sam Jacobs is all of 18 and is leading the Drop-Shipping game with his obsession, speed and hard work. With 79.5K followers, the young Instagrammer has made over $1.5 Million through his three e-commerce websites in less than one year’s time. He’s used social media in creating a loyal base of customers as well as budding entrepreneurs who want to follow his footprints.
Twenties or even early, as is the case with Sam Jacobs, is the right time to adopt the new technologies. Early entrepreneurs have an edge over their olden counterparts in learning new tools, adopting new platforms much more faster. They are open to exploring new avenues and experimenting with newer ways of generating more business.
In Sam Jacobs words, early entrepreneurs are people who see themselves as ‘Future Successes’. They set the self-doubt and doubters aside. At very initial stages of their entrepreneurial journey they learn that their everyday ‘Hard-Smart Work’ will pay off and success is bound to follow. Sam’s plunge in entrepreneurship was not without doubters, however, he had his goals clear and effort just in place.
As per Sam, early movers have better success rate as they can devote their 100%. Millennials have the potential to change their life by breaking through their past and aiming for the next level. The zeal to live a lifestyle of their choice and be their own boss is key driver for young entrepreneurs. Sam is an advocate of giving ‘All In’ to succeed at what you do and states, “Day by day coming and going, and whether or not you are using every second of it will decide how the rest of your life will look like.”
Entrepreneurship is exciting, however, it has its own set of ups and downs. The risk-taking ability of millennials gives them an upper hand to benefit from risk-reward aspects of business. Perseverance and passion are other two traits that help early entrepreneurs stick to their plan and succeed eventually.
Early entrepreneurs are growth hackers and want to see results soon. They do not hesitate to learn the tricks of the trade from people who’ve been there and done well. These people are open to learning and take lessons from failures of others, without burning their own capital with ‘trial and error’. Energy and enthusiasm is another factor that makes young entrepreneurs achieve success. “Work till your results speak for themselves,” sums up Sam who’s worked tirelessly till 4am on most nights early in his entrepreneurial stint.
Lastly, gone are the days when businesses were run solely with the purpose to earn money. Today entrepreneurs want to make an impact on the world around them and that’s what makes them successful as the run up is not for money, but for real-world problem solving.
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