They youth is wasted on the young.
(article continues below)
Many young entrepreneurs, however, know that the earlier they start a business, the earlier they will gain the skills and attitude necessary to be a successful entrepreneur.
In his latest book, Young Guns: The Fearless Entrepreneur's Guide to Chasing Your Dreams and Breaking Out on Your Own, author Robert Tuchman takes a look at young entrepreneurs and examines what it takes to start a business and succeed.
To be sure, Tuchman says, the best time to start a business is when you are young, bold and have little to lose.
He knows from his own entrepreneurial experience. At a young age, he started his own company, with no startup money and no investors. Within two years, his company was named to the annual Inc. 500 list of America's fastest growing privately held companies. Ultimately, he sold his firm to a larger company for millions of dollars.
In his book, Tuchman shares lessons learned from his own experiences as a young entrepreneur. He also shares advice garnered from many other entrepreneurs under the age of 35. Their stories are chronicled in an engaging fashion that keeps the reader riveted, offering a constant and seemingly unending source of tips and encouragement for those who aspire to become an entrepreneur.
If you're looking for nuts and bolts advice on how to start a business, you won't be disappointed. Tuchman teaches young entrepreneurs how to come up with a great business idea, assess their strengths, develop an effective business plan, and get out and meet the right people. There are also some great tips on how to capitalize a new venture and market a business in a crowded marketplace.
It's not the case that reading this book will lead you to avoid every possible entrepreneurial mistake. No book could do that.
Tuchman takes it as a given that entrepreneurs will fail occasionally. No one's perfect. But Tuchman offers some great entrepreneurial advice on how to learn from mistakes. The company will come back stronger each time because of them.
To succeed, Tuchman says, you have to be able to pick yourself off the mat when you get knocked down. The key is to possess resiliency, persistence and a strong sense of purpose.
All in all, this is a great book for new entrepreneurs.
If you're looking for a great gift book to buy for a friend or relative who wants to start a business, Young Guns is a must have. If you yourself are thinking about going for the gold and becoming an entrepreneur, you'll definitely want to get a copy.