Advice For Teenage Entrepreneurs
Episode Stats
Words per minute
226.3635
Summary
It's important to know that you have an edge over 30, 40, and 50-year-olds in business and life. You have the ability to say, "I don't know" and have the stamina to win. The other thing you have going for yourself is that you don't have a fancy degree. The older you get, the harder it is to answer the question, "What do you know?"
Transcript
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Teenage and young entrepreneurs, it's important for you to know that you have an edge over
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30, 40, and 50-year-olds, and here's what it is.
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I don't think most know about it, but you ought to know about it, and here's what it
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Look, when I was 18 years old, 19 years old, in the Army, we would party Friday night till
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3, 4 o'clock in the morning after a full day, after I woke up at 4 o'clock to go to formation,
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and we would stay up till 3, 4 o'clock at night in the morning.
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We'd wake up the next day, come back, go hit the gym, party again the following night,
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Saturday till 3, 4 o'clock in the morning, come back, go hit the gym, and then boom, Sunday
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night I would go party at a club in Nashville that was a country music club, and I would
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come home at 2 o'clock, formations at 4, 5 o'clock, going on 2, 3 hours, and we're working, running,
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and you know, 5 miles, 4 miles, and then working on Hummers and trucks, and then coming back,
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hitting the weights, and then going to sleep at night, and I did this for years, and years,
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So when I got out of the Army, I understood as a 20-year-old, I had an edge, because I
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knew I had stamina that was my edge over some 30, 40, 50, or 50-year-olds that maybe didn't
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have that kind of a stamina to compete, so you have that stamina going for yourself.
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The other edge that you have going for yourself is the fact that the older you get, 30-year-olds
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who have a degree, fancy degree, or 40-year-olds and 50-year-olds who maybe are like director
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or vice president, whatever they may be, they have a hard time saying, I don't know.
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Because they have hard times saying, I don't know.
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Which what that does is, to everybody that wants to teach you their secret sauce that
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they typically wouldn't teach to everybody else, the idea of saying, I don't know.
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Gets a person from this to guards down because you're no longer a threat.
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So they're willing to really teach you the deeper element of winning in business or whatever
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Versus the 30, 40-year-olds like, I know too much.
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Which means they're not going to ask the questions.
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Which means they're not going to be as curious because they have a degree.
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Or they read 50 books or they read the right articles or whatever they have.
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You as a teenage entrepreneur and a young entrepreneur, you have the stamina going for yourself.
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The opposition is willing to have their guards come down, that they're willing to share the
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real deep insight with you on what it takes to win in any kind of an industry.
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And then the other one that you have going for yourself at a young age is the following.
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Look, when you're 35 and you're married, one day you wake up with a woman next to you,
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And you got two, three kids that are screaming and saying, mommy, daddy, waking you up in
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And most parents from that moment on, rather than using the kids as a motivation to go out
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there and win, use the kids as an excuse to say, well, you don't understand.
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Which is right, they didn't get any sleep last night.
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But most people, it takes to their mid-30s and 40s to realize when you have a baby, you'll
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You could have all this time gone with four to six hours of sleep for many, many years.
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But you didn't know you could because you partied hard.
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You slept through eight to 10 hours and you wasted your 20s.
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You wasted your teens because you partied constantly.
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This is coming from a guy that did plenty of it.
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I figured this part out at 24 years old, 25 years old.
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And it gave me an edge if you think about it because I had a five-year edge.
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You're watching this, you're 15 years old, 16 years old, 17, 18, 19, 20, 21, 22, whatever
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I'm not telling you to go be square and boring.
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All I'm saying is be very aware that you have so much energy that you don't even know you
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It's not like it's worth a million dollars or $10 million or a billion dollars.
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Any 60-year-old would do anything to exchange their energy with yours of what you had at
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So if you use that, use the power of I don't know.
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You use the power of bringing people's guards down where they're willing to share with you
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And you have the power to sit out there and work where you don't have to worry about
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the kids' liability, responsibility, pressures, all this other stuff.
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But to learn at 35 years old that you have a different gear that you can tap into, that
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the only time people learn that they can tap into is when they have a kid and they realize
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there are nuts, you can only get two hours, and you're still going to have to go to work.
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Now I'm about to go through the phase again in the next few months, right?
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You're going on two and a half hours of sleep because every hour and a half or two hours you woke
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up because a kid was sick or whatever happened, drooling, all this.
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That's the stuff where you say, oh my gosh, I'm capable of doing so much more.
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So teenage and young entrepreneurs, if you watch this, I can give you 20 more things that
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So for the right person watching this, if a parent shared this video with somebody else
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that's that age and they're sitting there saying, oh my gosh, I never thought about it
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If you do it the right way, your future looks bright.
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And by the time you're 25 years old, 30 years old, if you find the right person in your
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And you start getting caught up in this whole thing about passion.
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You get caught up into the right person to shadow.
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You can go buy a nightclub or restaurant and call it after your name if you wanted to because
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You maximize the era of being a teenager and a young entrepreneur and how much value there
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If you watch this video and you want to know a little bit more about a message like this,
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I did a video years ago titled, The Biggest Mistakes I Made My First Year As An Entrepreneur.
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If you've never seen this video, it's an old video, go watch this video.
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I share with you the biggest mistakes I made as a young entrepreneur.
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Having said this, have a great week, everybody.