Starting a business when young

Ephren Taylor, in the CNN video above, talks about starting a business. He started his first business at 12, became a millionaire at 17, and is now the youngest African American CEO of a publicly traded company. He’s written a book called, “Creating Success from the Inside Out.”

I like what he says about starting a business.  He says that college is the best time to do it, when you have no kids, no mortgage, tons of friends around you, and lots of expert professors.  He says that when you’re young, everyone wants to help you.  Man, he should’ve told me this fifteen years ago (when I was eighteen, and he was 11…oh wait, that was before he started his first business!)!

According to the CNN story, he has five tips on how to successfully launch a business.  They are:

1. Turn your disadvantage into an advantage
2. Be persistent
3. Read
4. Don’t over analyze
5. Recession = opportunity

Maybe one of you can find some inspiration and strategy in his story.

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