Success can be achieved at any age, and it isn’t determined by how old you are. Consider those accomplished young entrepreneurs who amassed wealth before they could even order a drink at a bar. Regardless of your age bracket, the lessons from these influential individuals under 30 can be invaluable.
1. AGE ISN’T A LIMIT
Erik Finman, the youngest entrepreneur on this roster at just 16, took a gift of $1,000 from his grandmother in 2012 and invested in Bitcoin when it was practically unheard of. Remarkably, in just a year and a half, his investment surmounted to a whopping $100,000. Using this windfall, he established his own tutoring project and business. Finman shared on Mashable that age doesn’t matter; anyone can build whatever they desire on the internet which has no entry barrier.
2. STRIKE A BALANCE BETWEEN SUCCESS AND FAILURE
Juliette Brindak, a 25-year-old entrepreneur, launched her venture when she was just 10. She conceptualized amusing characters called Miss O and Friends, which culminated in a book selling 120,000 copies. The enterprise continues to thrive. She emphasizes the significance of treating success and failures equally and not being overly influenced by either. Her belief is that situations can change drastically in a matter of moments!
3. ACKNOWLEDGE THE VALUE OF MENTORSHIP
David Karp, 29, masterminded the popular website Tumblr.com. Worth an impressive $200 million, he consistently advises youngsters seeking guidance to find mentors, as they bring experience and can prevent you from making numerous mistakes. Karp believes that even if the mentors’ experience isn’t directly related to your pursuit, it can be incredibly beneficial due to their life experience.
4. SERVE AS YOUR INITIAL CLIENT
At the age of 23, Palmer Luckey, the inventor of the Oculus Rift and founder of Oculus VR, a device for immersive virtual realities, is already worth a staggering $700 million. Interestingly, he didn’t initially set out to create this product but instead decided to build it when he couldn’t find it on the market. His venture’s successful trajectory is a resonance of many prosperous entrepreneurs who identified an issue and leveraged their businesses or products to resolve it.
The underlying lesson is basic: if you wouldn’t purchase your product or service, why would others?
Whether you’re in your 20s or beyond, let these narratives of triumph inspire you. Understand that there’s no minimum age for success. Equally, know that it’s possible to succeed at any stage in life; it’s never too late.
Have you learned impactful lessons about success, failure, or independence in your 20s? What wisdom from other millennial entrepreneurs have you incorporated into your journey?
