Skip to main content

 

Michael Saltzstein: Young and Entrepreneurial

entrepreneur.com
 Age is just a number when it comes to success in business, according to Michael Saltzstein. The proof lies in the stories of entrepreneurs like Vera Wang, who didn't become a couture mogul until the age of 39. Then there's Reid Hoffman, who founded the world-renowned job placement site LinkedIn when he was 35. And how about Ray Kroc, who opened the first KFC at the ripe age of 51? These legends demonstrate no expiration date for achieving great things in business. With determination, grit, and a passion for their work, anyone can succeed regardless of age.

It's never too late to chase your dreams and become successful, but if you start early can certainly give you a head start. The benefits of beginning at a young age are numerous when starting a business. For one, you'll have more energy and enthusiasm to pour into your venture since you'll have fewer responsibilities and obligations. Additionally, you'll have more time to learn from mistakes and build up your skills and experience. Plus, starting young means, you'll be able to establish yourself and your brand earlier on, giving you a wider window of opportunity to grow and expand your business. So, if you're passionate about entrepreneurship, why wait? The sooner you start, the sooner you can reap the rewards.

inc.com
For starters, you have more time. This time can be spent learning more about the craft, gaining priceless experience, and making and learning from your mistakes. Michael Saltzstein emphasizes mistakes as the biggest brands profited in the billions after straightening out a series of mistakes.

Another reason you should start a business early is that the stakes are much lower. Imagine putting all your savings into an egg business when you are 55. Michael Saltzstein points out that recovering will be extremely difficult if that fails and you lose everything.

Entrepreneurs who do the same at half that age still have plenty of time to recover from the losses.

Finally, younger entrepreneurs can focus on building their businesses rather than their CVs. A great resume can land you a great job, but a business can potentially set you up for life.

According to Michael Saltzstein, building your brand can be a slow, daunting process. However, at the same time, if you ever need to go back to corporate work, having a background in business will look great on any CV.

Thank you for reading.

Michael Saltzstein spearheads global risk services, financial structures, multi-line claims, and strategic planning and enterprise initiatives. For more on Michael and his insights, click this link.



Comments

Post a Comment

Popular posts from this blog

Michael Saltzstein on Effective Recruitment Strategies

  Michael Saltzstein: Recruitment for the Modern Workforce images.pexels.com Hiring the right people for an organization is not just about filling open positions; it's also about finding the right fit for the job and the company culture. A good recruitment process helps identify and attract candidates who meet the qualifications and align with the values of the company. Effective recruitment and selection involve a thorough evaluation of job applicants to identify those who have the necessary skills and experience to function effectively in their role and can contribute to the overall success of the company. Businesses can increase their chances of finding candidates who are an ideal match for the job and the organization's culture by implementing a comprehensive recruitment process. Michael Saltzstein helps us get the process right. Provide what the candidates look for. With the rise of remote and hybrid work, people want to decide on their work environment and have better...
Post a Comment
Read more

Three skills all successful leaders develop

Image source: ft.com Michael Saltzstein firmly believes that most of the successful business leaders in the world have similar mindsets. One of these mindsets is the determination to acquire and develop new skills continuously. For this blog, Michael Saltzstein shares three crucial skills, which the most successful entrepreneurs have developed throughout their careers. Hiring and managing effectively : While hiring and managing people are skills that every entrepreneur should have before they even set up their first business, hiring and managing people effectively is a different matter altogether. A company goes through different stages in its existence, and develops many moving parts, knowing how to hire and manage people throughout these stages and in the various departments and teams is a key leadership skill.  Image source: news.blr.com  Utilizing the latest technology : Almost every business today is driven by technology. On the downside, so many co...
Post a Comment
Read more

Michael Saltzstein Discusses the Role of HR in Fostering Diversity and Inclusion

  Michael Saltzstein: The Critical Role of HR in Fostering Diversity and Inclusion Embracing diversity and inclusion (D&I) within organizations offers both moral satisfaction and a competitive edge. Human Resources (HR) plays a pivotal role in embedding these values into the organizational culture. Michael Saltzstein explores the critical role of HR in promoting D&I, the effective strategies they employ, the benefits realized, and real-world examples of successful implementations.   The Importance of Diversity and Inclusion   Diversity refers to the presence of differences within a given setting, encompassing race, gender, age, sexual orientation, disability, and more. Inclusion, on the other hand, is about creating an environment where all individuals feel valued and respected and have equal access to opportunities. When diversity and inclusion are effectively fostered, organizations can benefit from a variety of perspectives, which can lead to increased crea...
Post a Comment
Read more