What are the benefits of starting your business at a young age?

1. Starting Early
Why You Should Build Your Business While You Are Young

2. This is the homepage of
Ollie’s Shop. An online
store specializing in gift
items.
Its founder, Ollie
Forsyth, opened it when
he was only 13 years old.
Ollie Forsyth: Kid Entrepreneur

3. Ollie earns several thousand pounds monthly
from each of his ventures.
(He has several.)
He is now in his late teens and is still looking at
ways to expand his empire.
Ollie Forsyth: Kid Entrepreneur

4. Ollie might be an extreme example of a
successful young entrepreneur.
But there is something to be learned
from what he did.

5. Get a Headstart
A successful online store takes time and hard
work.
Starting early means becoming successful earlier
if you do it right.

6. It is difficult to come up with an ‘average
growth rate’ for an online business due
to the number of players and variety of
circumstances.

7. HOWEVER

8. In 2015, RJ Metrics has found that top
ecommerce companies surpass their
competition by almost three times
within six months.
https://rjmetrics.com/resources/reports/2015-ecommerce-growth-benchmark/

9. In three years’ time, top ecommerce
companies have around four times more
monthly orders than competitors and
are earning a majority of their income
from repeat purchases from loyal
customers.
https://rjmetrics.com/resources/reports/2015-ecommerce-growth-benchmark/

10. It could take years before you become successful
or even earn your investment back.
If all goes well, you should be stable financially by
your 30’s if you start in your 20’s.

11. Lower Risk
The risks are much lower if you start younger
because you have less responsibilities.

12. Most people in their 20s are single with no kids
whereas older counterparts often have families to
take care of.
It is easier to bounce back financially if your
business fails while you are young.

13. And if you fail, you can easily start your next
venture.

14. But isn’t starting a business early difficult?
Where will the capital come from?

15. These days it is much easier to start a business
because of ecommerce.

16. The overhead costs of an online store are much
lower than a physical shop.
This makes it highly possible for young
individuals to start businesses.

17. Take your small idea, put it up online, and it might
be the next big thing!

18. www.shopfrontpro.com
Start and build your online store for free at