Posts Tagged ‘young and older entrepreneurs’

Entrepreneurial Spirits from Youngsters to Seniors

Monday, August 28th, 2017

Entrepreneurs usually start their own businesses because they see opportunities and needs in the marketplace that trigger their interests. Or, they work for an organization that values their entrepreneurial savvy and contribution to company goals.

The entrepreneurial spirit can also apply to individuals facing the business of everyday life. They see alternatives, take initiative, make sound decisions, create new strategies or techniques, and assume the risk of innovation when exploring approaches to life’s challenges.

Meet some entrepreneurs who reflect all ages and stages of life experiences, from pre-school motivated kids with ideas, to baby boomers and older who thought they had retired but then took new directions.

►Ready to Become an Entrepreneur?

“What’s the Best Age to Launch a Start-Up? Founders Young and Old Tell Us”

http://venturebeat.com/2013/04/09/whats-the-best-age-to-launch-a-startup-founders-young-and-old-tell-us/

►Are You an Entrepreneurial Spirit?

“Spirit of the Entrepreneur – These 5 characteristics will take you far as you start your business”.

http://www.entrepreneur.com/article/190986

►Entrepreneurial Kids & Finance Prodigies

“10 Successful Kid Entrepreneurs under the Age of 13”

https://www.fastupfront.com/blog/entrepreneurs/10-successful-kid-entrepreneurs-age-13/

“9 Young Entrepreneurs Who Became Personal Finance Prodigies”

 http://quicken.intuit.com/support/help/fun-with-finances/9-young-entrepreneurs/INF16221.html;jsessionid=HmlFgPi4k6yDT+Y1eNVJlA**.p39-2

►Entrepreneurial Adults

“ Older Entrepreneurs find new niches and potential in start-ups”

http://usatoday30.usatoday.com/money/economy/story/2012-03-11/older-entrepreneurs/53483890/1

“The entrepreneurs over 70 taking the business world by storm”

https://www.theguardian.com/small-business-network/2015/dec/16/entrepreneurs-over-70-business-world-by-storm

 

Do you have an entrepreneurial spirit? Share your story and experience on First Person Public Relations!

 

Rookie or Seasoned Pro – Time to Change

Tuesday, October 7th, 2014

I’m not a “rookie” (not young enough), but despite my professional experience, I regularly feel like a “newbie” in today’s ever-changing techie world. So, when I read Rex W. Huppke’s  I Just Work Here column on how to “Keep your edge with ‘rookie smarts’,” I identified.  Maybe you do, too?!

Read it for yourself — http://www.chicagotribune.com/business/careers/ct-biz-1006-work-advice-huppke-20141007-column.html — and here are some highlights.

“Your cluelessness may be giving you a competitive advantage. …That sounds silly, but consider the benefits of confusion. It prompts you to work harder to make sense of things. It forces you to ask questions, to always seek a foothold of understanding.”

“Consider,” Huppke suggests, “ this excerpt from Liz Wiseman’s upcoming book, Rookie Smarts.  … While experience provides a distinct advantage in a stable field – like the realms of bridge building, ballet, or concert piano performance – it can actually impede progress in an unstable or rapidly evolving arena. When the world is changing quickly, experience can actually become a curse, trapping us in old ways of doing and knowing, while inexperience can be a blessing, freeing us to improvise and adapt quickly to changing circumstances.”

If you’re looking for a competitive edge (college grad or seasoned pro), your ability to quickly adapt and a “rookie mindset” are definitely advantages and keys to ongoing success. (Notice that this blog post is shorter than I usually write?!)

If you would like to share your 1st Person PR rookie experience, I’m listening?

Small Business Success and Public Libraries

Monday, October 1st, 2012

If you want help starting and growing your small business, check out your public library.

Business plans and counseling services. Resources to identify and reach your target markets.   Programs to increase your business expertise.  Multi-media opportunities for prime time recognition.  Private rooms for business meetings or presentations. Much more and all for free!

“Our goal has always been to facilitate and partner in economic development,” says Carolyn Anthony, director of the Skokie Public Library inIllinois. “When the community thrives, we all thrive. We welcome the opportunity to respond to the goals and interests of business owners, the chamber of commerce and other development organizations.”

For example, the Skokie Public Library’s Business & Career Center has just added more meeting rooms for business purposes. If you need a projector or white board, want to make a Skype conference call or create a video during your meeting, Business Center staff will work with you. Committee meeting, networking group, presentation to clients or colleagues, the library’s meeting rooms and complementary services support your goals.

Like public libraries across the country, the Skokie Public Library’s Business Center and its online Business Portal offers dozens of resources to launch or grow your business.

Get Ready for Business  

  • Librarians will work with you – in person, online, by phone or email – to answer your entrepreneurial, business or career questions.
  • Schedule private, in-library sessions with SCORE/SBA counselors, and learn more by attending ongoing business programs and workshops.
  • Ask about market research and industry information on your industry or field, and check business directories and databases for market and competitive analysis.
  • What business plans (templates, books, video and other media), sample contracts, and legal forms do you need?

Build Your Business

  • Digital Media Lab staff will help you produce videos and screencasts to market your business. You can create them in the lab, or you can check out a flip cam, hard drive and tri-pod to use, on site, at your business.
  • Business Center staff can offer feedback on your website, podcasts or other digital media challenges, and you might Drop in at the Genius Bar discussions.
  • Attend business programs and networking groups. For example, several of the chamber of commerce groups hold their monthly meetings at the library: Small Office/Home Office (SOHO), Women in Business, Attorney Roundtable (and other industry-specific groups).
  • Work with a business librarian to develop your own databases and mailing lists.
  • Look for the books, magazines, newspapers, and diverse digital media on starting and growing a business. You will find resources on trademarks, branding, writing targeted business letters or news releases, and so much more.
  • Librarians can direct you to information on millions of companies, industry surveys, market analysis, and investment reports that offer new insights and possibilities.
  • While you’re at the library, connect via wi-fi, info-fax service, computers and laptops, and ask about the ongoing programs in technology and digital literacy.

 “We invite businesses to use the larger meeting room, which accommodates almost 50 people, for a training session or annual meeting,” Carolyn Anthony says. “Organizational committees may want to meet in the library’s Business Center’s Board Room. And, a smaller conference room is an ideal size for meeting with a client or collaborating with another business person.”

Because public libraries are so involved in their communities and are also on top of national resources and trends, they offer endless opportunities to develop your potential and achieve your business or career goals.

Whether online via the Business Portal — http://business.skokielibrary.info — or on site in the library’s Business & Career Center, it’s always time to pursue your possibilities.

Want to be an entrepreneur?

Monday, August 6th, 2012

The world needs you: you as a business starter-upper, or you as an entrepreneurial spirit. Your role models range from teenagers to those in their mid-90s.

Besides their new ideas, initiative, experimental natures, and ongoing direct connection with customers, entrepreneurs share several qualities in common (big bucks not necessary). But, before discussing their personality traits, let’s clarify the difference between the self-employed and the entrepreneur.

Self-employed individuals generally offer services on a contract basis for clients. They do the work themselves and frequently collaborate with complementary, self-employed colleagues. Entrepreneurs, on the other hand, build a system (including employees) and business assets for the marketplace that can work and continue without them. So, bottom line: entrepreneurs are “self-employed,” but not all self-employed pros are entrepreneurs.

 Entrepreneurial Traits

In a blog post, Jason Browser, discusses “8 traits of successful entrepreneurs – Do you have what it takes?  Jason explains that successful entrepreneurs possess similar qualities and asks if you share at least half of these http://www.mbda.gov/node/337:

  • Strong leadership qualities
  • Highly self-motivated
  • Strong sense of basic ethics and integrity
  • Willingness to fail
  • Serial innovators
  • Know what you don’t know
  • Competitive spirit
  • Understand the value of a strong peer network

All of these traits are important, but, as inspiration, most experts would agree that “willingness to fail” is a key to success. No “fear of failure” here; “learning from mistakes and moving on” is critical.

Older & Younger Entrepreneurs

We need more entrepreneurs offering innovation, fresh ideas and potential hiring opportunities for sluggish economies. Younger people, especially those in their 20s and 30s, are being encouraged to start their own businesses. We do, of course, know quite a few outstanding young entrepreneurs who have made mega-bucks by initially developing and introducing new products and services from their garages and kitchens or making high-tech tools more techie and user-friendly.

But, statistically, as two of the many articles discussing entrepreneurial spirits of all ages note, older entrepreneurs (generally, 40s through 60s) have the edge.

As Chris Farrell explains in a Business Week article, “Older Entrepreneurs Start Companies Too,” most studies show that “older people with experience have an entrepreneurial edge in a knowledge-based economy.” Furthermore, the U.S.“could be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it.”  http://www.businessweek.com/articles/2012-04-30/older-entrepreneurs-start-companies-too

Annie Lowrey’s article in Slate, “Grown-Up Startups,” discusses the importance and relevance of initiatives that encourage young entrepreneurs. However, older ones are “starting more and more new companies and might outpace younger entrepreneurs.” Their advantage comes from work and personal experience, leadership skills, possibly better credit histories and financial resources, and marketplace knowledge. http://www.slate.com/articles/business/moneybox/2010/12/grownup_startups.html

Never too young

Whatever our age, we’re never too young or old to consider our potential. Thus, here are “10 Ways to Spark the Entrepreneurial Spirit in Your Child” [or yourself] from Babysitters blog.

  •  Encourage her ideas.
  • Never tell him something won’t work.
  • Expose your child to other entrepreneurial kids.
  • Help with a lemonade stand.
  • Let your child make mistakes.
  • Teach your child about cost versus profit.
  • Figure out what she is good at.
  • Challenge him to make something.
  • Allow her to sell what she has made.
  • Let him enjoy the extra spending money he makes.

If you want to spark your own entrepreneurial spirit, you will find more and always relevant information for each point at:  http://www.babysitters.net/blog/10-ways-to-spark-the-entrepreneurial-spirit-in-your-child/

If you want to share your entrepreneurial experiences, let’s feature you on 1st Person PR….whatever your age.