The mindset of a young entrepreneur can either make or break you. Many are faced with fear and doubt that can potentially derail them from their personal path to achieving their goals. Jay Yadon, CEO and co-founder of a revolutionary online start-up in the hospitality and travel industry, knows exactly what it’s like to ride the rollercoaster of entrepreneurship. At a young age, Yadon knew his dream was to work for himself, not someone else, and was aware the beginning of any journey can be difficult, but the outcome of achieving that goal can be incredibly rewarding. Now at thirty-two years old, he recognizes everything he did in his twenties laid the much needed groundwork for his success today. Below, Yadon shares simple and effective advice to any young entrepreneur beginning their journey to success in 2016.
- Show up, suit up and don’t give up. At the risk of sounding cliché, not giving up is the single most important piece of advice I can offer. After frustrations and heartbreak in the field, I dusted myself off and tried again.
- Try not to let “failures” overwhelm you. Instead of regretting your mistakes, recognize that most are extremely valuable if you come to understand and accept them. Don’t think of your mistakes as failures, think of them as life lessons. Turning mistakes into learning experiences will help to form your personal and professional development.
- Take calculated risks. When the idea for my current company was presented to me by a close friend, it was a risk. I knew it was a good idea, but would it make a viable business? After conducting market research I immediately dove in, head first. For me, taking this risk was natural, but for some people, risks can take a toll. Be sure you are ready for the ride before you take the plunge.
- Nothing happens overnight. I have never been impatient when it comes to business. Both my recycling business and the start-up grew over a period of years and it took a lot of cultivation, not to mention sweat equity. If you’re assuming your business idea will be an overnight sensation, become conscious of your own impatience.
- Network. I networked until I was blue in the face. I found out who the key players were and made sure they knew my name. Be sure to make those vital connections with industry leaders. Those connections will come back to haunt you… in a good way.
- Keep your eye on the prize. I could have quit a few times over, but I refused to do so. To the young entrepreneur in their twenties, I say, when times get tough, bow you head towards the wind and walk forward. It’s the only choice you have.