On the one hand, there is no age requirement for Entrepreneur spirit.
On the other, not everybody is an entrepreneur.
Similarly, not everybody who joins SFI will be successful. There are challenges and constraints facing any home based business entrepreneur especially the young people who want to launch themselves in this field. School and entrepreneurship may pose of time conflict.
Most will be successful, if they work hard and keep steadfast at it. This is the summary of the answer to your question. These three aspects of success and lack of thereof are discussed below.
A. SFI is a Business Training Ground for Student Young Entrepreneurs
For those who want to learn entrepreneurship, SFI is a great opportunity for the young.
Many successful business people started very early, some of them in their teens
1. Before the age of the personal computers, young people started by delivering newspapers, young girls put up lemonade stands at street corners, girl scouts sold cookies, door-to-door.
Studies done in the field of business leadership show clear evidence of the dynamism of entrepreneurs, as young as 14 or 16, and the success they achieved. Some are millionaire before they reach the age of majority, or soon after.
Today, many High School students have developed and releasing Smart Phone Apps.
Among the Forbes’ list of billionaires are some started while in college. They were just little older than 18. The most preeminent are college drop out.
Microsoft, Dell and Facebook are cases in point.
These companies are among the initiators of (i) the high tech revolution that made the business world today, (ii) the widespread of information technology as a business tool, (ii) le development of social media as a sales and marketing instruments.
2. Young Student Entrepreneurs are well positioned today
SFI as a training ground on business management, can be compared to a technical community college where young adults learn practical skills in management,.
a. Leadership skills:
This is the most critical skill skills in business. Very few opportunities offer the potential for developing leadership skills as does SFI
b. Time Management:
At the age of 18, unless they drop out, young people are attending school, some finishing high school, some already in college. They are faced with great time pressure, dealing with many demands. This is the age where leaning to use time efficiently is of fundamental importance. SFI will help them learn that.
c. Technical Business Management Skills:
Advertising, sales, sponsoring, marketing, webpages, blogging, using social media effectively and responsibly are all necessary skills for success with SFI. When young people learn it early, they are well positioned to reach great achievements in their lives.
Here also, besides the highly expensive business schools and their admission criteria, very few opportunities offer young people this ability.
3. Challenges and Constraints Facing Young Entrepreneurs.
The most critical challenge is lack of maturity and ability to focus on goals. There are many distractions and obstacles to success: lack of focus is one of them that may distract young people.
Secondly, as mentioned above are issues of time management and competing demands from school work, social life and entrepreneur requirements. These constraints may lead young entrepreneurs to drop out of school as mentioned above.
Thirdly, the lack of sense of urgency: many young people have the tendency to think they have all the time they need, and nothing is really urgent, beside instant gratification in social life and the opposite sex.
If young people overcome these challenges, constraints and obstacles, they will do very well with SFI.
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