MindFrenzy

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Young Entrepreneur Dilemma

December 10th, 2008 · Comments · Entrepreneur, Networking

So I have been working on a big project Under30CEO.com which is a place for young people to come together who want to change the world. Now on the project there is a huge focus on the college population. We are trying to work closely with college entrepreneurship and business groups across the country. However I have found there to be a huge dilemma when it comes to engaging this kids throughout the country. Big dreams but lack of commitment!

I think there are a few reasons for this which in order to be successful my team and I will have to find the answers to.

1. College is the best days of your life

Now this is the classic saying that I have been told many times in my life. I can’t say its completely false. The experiences you have in college will be hard to replicate whether its dorm life, partying any day of the week, or just simply being surrounding by thousands of other people under the age of 23.

So I think a lot of kids have trouble stepping up and trying to get really involved in a network like Under30CEO.com or their business club. They have the dreams but they also don’t want all that extra responsibility that might take time away from the college experience.

2. Confusion

They aren’t sure how to go about starting a business, a blog, or how to simply start effectively networking. It’s amazing to see how all these kids who use facebook everyday get put into a business network and are lost. I can’t say I was any different in college. It’s definitely a huge challenge for anyone trying to harness college kids.

3. Don’t think it’s what they should focus on

I’ve found that many kids are obviously focused on their grades in school and getting a job upon graduation. They say how they want that security and then they will go after their dreams on the side but will have that job to fall back on. Many kids don’t think starting a business is really possible right out of school and think it’s something they will start when they have the money from a “real” job.

4. Lack of time

I think all the other points come together to lack of time. Kids want their social life at school and when they are on breaks at home. They don’t want to spend the time to figure out how to do things that they don’t necessarily need at the time. The also obviously have work and a lot of commitment to their classes and it is tough to try and focus on other things while succeeding at all that. Also entrepreneurship is simply not heavily promoted as a real alternative to working for someone else.

So I have found those reasons to be the biggest factors that hold kids back from pushing forward with their dreams at young ages. Making a successful network for college kids definitely has to somehow combine fun, strong reasons for it while teaching and achieving things in as little amount of time as possible. Not to say these things don’t need to be in other networks or projects but I think college kids don’t grab the opportunity as well as someone who is out of school and actually trying to pay the bills each month with what they are doing.

It’s an interesting challenge right now and I’ll be making more posts about the success and failures of trying to harness all of these factors.

Any Ideas?

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  • Jared
    I agree with Greg that one goal could be to prep them for when they graduate and are ready to go. Possibly laying a simple foundation while in school that allows them to take off in whatever direction they want after graduation.
  • I think you hit on a few good topics. There are a lot of idea entrepreneurs and not a lot of get in the dirt and start digging entrepreneurs at the college age. I am slightly out of that demo (26) and have found that working with college students they have a lot going on, from school to social life to their friends and family to video games, gym, sports and so on.

    Getting the focus down and the I am going to do this attitude will be a challenge.

    A more attainable goal would be to prep them for the day they are ready. So when the light bulb goes off and you are ready to put on the boots, you have a blue print of other like minded people in somewhat similar situations.
  • I think this dilemma comes from what we like to call 'societal normalization'. Pressure from professors, parents and other non-entrepreneur friends to get your safe secure job with good benefits after school does not help. When people get excited about an idea, unless they are surrounded by entrepreneurial minded people they have no support group to go to. Going out on your own at any age is tough, but when your young people look at you as "young and stupid." It's a self fulfilling prophecy, if you think that your lack of experience is going to be a huge problem in achieving your entrepreneurial ambitions, than it will be. If you believe that your ready to take on the world, harness a tribe and execute-- THEN YOU WILL.

    Support yourself with people who believe in you, who won't shoot down your BIG DREAMS and keep your eye on the prize.

    If this goal is really your end all be all, you'll get over the fact you might not have as much time to party, will get critcized by your friends making base salary right out of school and your parents saying "when's this kid going to get a job". Don't let anyone squash your dreams.

    --Matt Wilson

    @ZaggedEdges last blog post..What are you working towards?
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