Young Business Entrepreneur
Nowadays, more and more young men and women are getting inclined towards entrepreneurship. Gone are the days when management students used to take up class assignments and college papers with casual indifference. Interestingly, in the past few years, many American business students have set examples for all other young minds to start thinking innovatively by setting up their own ventures, amazingly sophisticated ones. |
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As an example, a 20 years old student from the Pittsburgh University’s Katz Business School has started his own successful business of die-making, while another one from the same college is earning considerable amount of money by selling the advertising space available in the public restrooms!
Young business entrepreneurs, beaming with great confidence, are undoubtedly re-writing the conventional rules of business nowadays. Directed by self-made rules, learnt out of experience and enthusiasm to innovate, these young business leaders are on their way to churn out fortunes for themselves and change the American way of doing business. The factors that are backing their success as entrepreneurs include new, rapid advances in technology, especially the internet, capital galore, globalization, and a flourishing world economy. Thus, these fresh entrepreneurs have realized that the present decade is the ideal time in the history of world economy to plan their independent course of business.
In the present scenario, young business entrepreneurs are increasingly taking on the important function of venture capitalists by cashing-out of their own start-ups. For instance, 27 year old Alfred Lin and 26 years old Tony Hsieh started their own internet venture called ‘LinkExchange’, which offered websites a common platform to use barter system to exchange banner advertising. They sold off this business to Microsoft Corporation in 1998 at a huge price of $265 million. With this amount, they started the San Francisco based ‘Venture Frogs’, which is actively involved in venture capitalist operations. There are many such examples in America and also in other countries across the world. Young business entrepreneurs are thus creating an insightful stamp on the existing business culture.
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