Starting a business too soon is not a recipe for success. According to a Harvard University poll from 2019, 90 percent of young people in Asia do not graduate at an early age. It's no coincidence that nine out of ten new entrepreneurs fail. Startups eventually come to a halt/ dead end due to immaturity, inexperience, and a lack of cash. Passion is required to establish a business. Passion, on the other hand, is insufficient. Participants in start-ups must be aware of their own and their colleagues' talents, as well as if the traits are truly suited for becoming an entrepreneur. Although beginning a business at the age of 18-20 will allow us to have daring ideas, young individuals do not have the experience to operate and expand their ventures in the long term. There are far too many major companies in the market with millions of dollars in capital that have reaffirmed their market position. We will not be able to manage the impulse in our own thoughts if we start a business too soon. The financial condition, on the other hand, was not stable enough. So, while it's excellent to have an early desire to start a business, you must select the proper moment to do so, based on your "maturity" in both awareness and capacity.
Starting a
business
too
soon
is not a recipe for success. According to a Harvard University poll from 2019, 90 percent of young
people
in Asia do not graduate at an early age. It's no coincidence that nine out of ten new entrepreneurs fail. Startups
eventually
come
to a halt/ dead
end
due to immaturity, inexperience, and a lack of cash. Passion
is required
to establish a
business
. Passion,
on the other hand
, is insufficient. Participants in
start
-ups
must
be aware of their
own
and their colleagues' talents,
as well
as if the traits are
truly
suited for becoming an entrepreneur. Although beginning a
business
at the age of 18-20 will
allow
us to have daring
ideas
, young individuals do not have the experience to operate and expand their ventures in the long term. There are far too
many
major
companies
in the market with millions of dollars in capital that have reaffirmed their market position. We will not be able to manage the impulse in our
own
thoughts if we
start
a
business
too
soon
. The financial condition,
on the other hand
, was not stable
enough
.
So
, while it's excellent to have an early desire to
start
a
business
, you
must
select the proper moment to do
so
, based on your
"
maturity
"
in both awareness and capacity.