Scott Gerber On 10 Principles For Young Entrepreneurs - Views - Portfolio.comBeing 64 and an "Old People", I so believe this to be true and these points have been long a mantra of mine.
In fact, I often encourage young folks to pick up the chant and go forth. Be I damned or forgiven, as I seen the "benefits" of education years ago, I also seen the down side as I traveled the world.
1) Wages went down
2) Unnecessary division, strife, and competition were pushed hard by upper management to control the work force that no longer was strongly organized, either by Unions or Common Goals and Environments. Greed became the motivator and as new entries came on hire, it was either board the vessel or stay on the dock.
3) And now, since I am on the subject the Medical Profession also contributed to this strife, falling wages, and soon having grads pondering where they went wrong.
4) There is always a need for entrepreneurs and blue collar workers in the world. Someone has to find a need for progress (it is usually a blue collar worker, by the way), someone to design and manufacture it, and someone to make it work.
5) One of the new mantras is to start a company doing what you are good at or know best. I think this may be wrong, because doing what you like should be an outlet for stress. Perhaps what you know best should be included in the relaxation category.
6) So, what do you do? Look around every where for needs, a better or cheaper way of delivery a service you yourself might use.
7) then, you do not need to go it alone, surround yourself with knowledgeable people of all ages who you can share your concerns and future profits with.
8) Facebook and Google type things are rarer than Ruthenium, as are "professional athletes" (That always strikes me as a conundrum).
9) Now, you need to think slow and steady, pump money back into the business, out in those on godly hours that the young can do (I still frequently work 80 plus hours for weeks at a time to satisfy a client), live modestly, do relax and socialize, and constantly look for the new opportunity. I have found them, as I still do in some of the most unusual conservations, news articles, and situations.
10) Don't forget what you may perceive as low tech; those businesses have been around for ages, always will be, and you will find a lot more young entrepreneurs entering those fields.
11) Go forth and succeed, I have faith in you!