Millennials may get a bad reputation in the business world these days, but some of the younger set have become extremely successful entrepreneurs. Here are five tips from j2 Global on becoming a successful start-up owner, even if you're from Generation Y.
1. Don’t let student loans rain on your parade: The federal government’s Student Startup Plan allows millennial entrepreneurs to defer their loans or lower their interest rates to help them jump-start their business.
2. Don’t let the lack of experience bring you down: The successes of Facebook’s Mark Zuckerberg and Tumblr’s David Karp show that experience is not always a key factor for success. Resources abound on the web to help millennial business owners learn from others and become long-lasting entrepreneurs. More information here.
3. Lighten your load with technology: Millennials are learning that launching a business today takes far less cash than previous generations required. Cloud-based tools, like virtual phone solution eVoice®, let small business owners convey the image of a larger, professional enterprise for a fraction of the cost of a traditional business phone system; and online fax services like eFax® help entrepreneurs receive, annotate, sign and send faxes by email, including from a mobile phone or tablet. All of which helps entrepreneurs preserve precious early capital as they get their new businesses going.
4. Avoid all work and no fun: Being a small business owner requires hard-work and dedication. According to a press release on a 2012 eVoice® survey, more than 40 percent of small business owners juggle at least four roles for their organization. While it’s crucial to work hard, it’s also important to have a balanced work-life style in order to effectively manage your staff and run your business. The good news is that 60 percent of millennial SMBs said they plan to take a vacation this year.
5. Keep calm and carry on: The holidays will be around the corner, and for millennial small business owners who are trying to capitalize the holiday hustle and bustle, it’s important to keep yourself together to win your staff’s respect. Discuss ways to remain calm and prepare for problems that may come up.
For more information, visit http://www.prweb.com/releases/2013/9/prweb11134682.htm