I suppose it makes sense to be completely truthful with you. If time travel existed, iHustle Academy wouldn't.
If I were able to go back in time and sit down with my younger self and coach him on all the things I know now, I would have no need to do this. But, I can't. So I will do the next best thing. Pass on a few of the lessons I've picked up over the years. Lessons I had to learn on my own, but wished I had learned earlier.
If you're reading this, and you're either in high school or college, know that you have the perfect opportunity to do some amazing things. Things that adults around you won't teach you about because they themselves don't know.
There is a world that is getting smaller, and desperately in need of your talents, your energy and your defiance. Don't let anyone strip you of these qualities. These are the qualities that will drive you to change the world.
For those of you who choose to do so, know that your Youth is the most amazing resource that you have working in your favor if you choose to tackle Entrepreneurship.
And regardless of what those around you who "know better" say, here are 7 reasons you should seriously consider starting your own business while you're still young.
You're a Risk Taker by Nature
Probably the most tragic thing about the 12+ years you'll stay in school is the fact that the only thing that you are taught that you will use in the real world is How To Conform.
Most "education" is simply shaping you to fit into the parameters of what is considered socially acceptable. And while "normal" people live "normal" lives, there is no greatness in "normal".
You see, you are at that point in your lives where the world hasn't yet drained you of your ability to see risk and still leap off your lily pad. So, instead of letting adults strip you of that ability, harness it and use it to your advantage. Starting a business is one of the biggest, non-life threatening risks you can take. But you have almost nothing to lose. And so much to gain.
You are at an age when you feel as if you can take on the world. So go for it. Tackle the issues that you care about. Embrace the challenge of shaping the world as you wish to see it.
You're Still Creative
This may come as a surprise, but most adults lack creativity. We weren't always this way. Most of us were once like you. We saw opportunity everywhere. But. Then. Life. Happened.
If you are so blessed to do so, you will have a long life ahead of you to think the same as everyone else. Don't waste the most creative years of your life being miserable.
If you have an idea about something that's never been done before, chase that dream. Don't let those who've given up on their dreams convince you to give up on yours. They're dream killers; they've killed theirs, and they will kill yours if given the opportunity.
Don't let them.
Despite what every adult you will deal with would have you believe, NOBODY has any idea what the world will look like when you're the adults.
The iPhone, which has revolutionized pretty much every industry, has only been around 8 years.
Let that sink in.
No one has any idea what issues YOU will have to be the ones to solve. Start honing your ability to think creatively NOW.
Picasso said it best, "All children are born artists. The problem is to remain an artist as we grow up."
Sir Ken Robinson does a very interesting TED Talk on the subject, Do Schools Kill Creativity?
It Will Provide Much Needed Experience
Its very likely you haven't experienced this yet, but you will. At some point, you will go out to apply for a job. It is during this process that you will hear an adult - who you will assume is intelligent - say something extremely stupid, "I can't hire you because you don't have any experience."
Which inevitably leads to this question, "How do I get experience if no one will hire me because I don't have experience???"
Simple. You CREATE your own experience. And why not? You will get to decide what you WANT to learn and then have the opportunity to further develop those skills.
Its Easy to Get Started
As the internet continues to mature and evolve, countless new opportunities present themselves daily. It is possible to start a small internet business with no more than an idea and some elbow grease. There are currently young people who are making good money on social media, or with apps, or with website development, or blogging. The list could go on.
The point is, the barrier to entry is extremely low. Pretty much anyone with an internet connection, or access to one, and a relatively decent computer can get started on an online business in almost no time.
Sure, you're only 15. But online, if you can show you have expertise and deliver value, you age doesn't matter.
Sure, you're still in high school. But if you have a technical expertise that is in demand, you skills will open doors.
The best part is, it is easier to develop the skills you need by simply taking an online course of watching a video.
Which brings me to my next point.
You'll Develop Much Needed Skills
Starting a business while you are still young will give you the opportunity to develop skills that you may otherwise not have the chance to improve. The best part is, YOU get to decide what YOU want to learn (so much better than that whole school thing).
So if you want to learn more about computers, or cars, or sneakers for your business, then by all mean, go ahead. You see, you get to determine what skills will help you to achieve the goals you set for yourself.
As an added bonus, these are skills that are easily transferable into the "real world". Many, such as computer coding or website development are in high demand.
Ultimately, you will be in control of your own development, which is so much better than having someone tell you what to do. Especially when you already know everything...
Actually Learn Life Lessons
Let's deal with the elephant in the room. What is currently labeled "Education" is doing a horrible job of actually teaching you the lessons you need to survive in the Real World. There are many reasons why, but at the base of it all is the simple realization that you are currently being educated in a 20th Century system to tackle the challenges of a 21st Century.
It is estimated that all human knowledge currently doubles every 12 months, and soon to be every 12 HOURS!!! Yet that textbook you are currently reading was printed at least a year ago. In many cases, information in your textbook is outdated by the time it reaches your hands.
THIS is the reality of the education you are currently receiving. And at a time when the gap between the haves and the have-nots continues to widen, it is to your disadvantage.
Starting your own business will actually teach you critical life lessons. You will pick up soft skills that are necessary to getting things done in the professional world. Skills that can't be measured by a standardized test.
You'll learn how to negotiate; think critically; analyze problems and solve challenges for which you don't already have the answers to.
Forecasting projections? Check.
Problem solving? Check.
Perseverance, resilience, patience and work ethic? Check, check and check.
This is a journey that will help you to develop the best version of yourself.
Earn Extra Money
Or just "Earn Money".
I often hear people say, "Money can't buy happiness."
And it is a true statement. Money, in and of itself, is not enough to make you happy.
But money, or rather, the LACK of money, can cause STRESS. And having the ability to make money BEFORE it becomes a significant stress factor cannot be discounted.
There are two reasons Making Money while you're still young is advantageous.
First, you don't actually NEED the money. This allows you to actually focus on learning and doing something you enjoy rather than just doing something for the paycheck.
Here's a secret: When adults say, "You can't have it all" they're lying.
The truth is, you CAN have it all. But you have to be willing to start early, and sacrifice.
Learning to make money doing something you enjoy in your teens plants the seeds for future success...and happiness.
The second reason is the Time Value of Money.
Our money loses value over time. So a dollar today is worth more than a dollar a year or two from now. The sooner you start making dollars today, the more those dollars are worth in the future.
A cool way to see this in action is to go to the US Inflation Calculator and put in $100 and your birth year. It will calculate the value of $100 then in today's dollars.
For the record, $100 back when I was born would be $391.12 in today's dollars.
What are other lessons our students SHOULD be learning? Let us know in the comments below.
Bartholomew J. Worthington III is an anti-establishmentarianist (yes, that's really a thing) with a disdain for the status quo. Author, Coach and Entrepreneurship Evangelist, he relishes spreading the Gospel of Business Ownership.
Connect with Bartholomew J. Worthington on Twitter, Facebook, LinkedIn or Google+.
You May Also Like: