How to Launch A Business in Your 20s

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August 2, 2006 by Dane Carlson | 0 Comments

Startup Journal:

Starting a business at any age takes nerve. Unless you’re thick-skinned, motivated and willing to take major financial risks, you’re probably better off working for someone else.

But building a business as a twentysomething has its own special challenges. On the one hand, you have decades to recover financially if the business goes bust. And you’re less likely to be tied down with big financial commitments, such as kids, that often scare older people away from self-employment. On the other hand, you may lack the money, life experience and connections that are crucial to make a business work.

But there are ways to compensate for these challenges.