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Home Economy

Young Billionaire Points out 3 Common Business Mistakes of the Millennium – Small Business Big Business

Ursula Curtis by Ursula Curtis
May 17, 2022
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Young Billionaire Points out 3 Common Business Mistakes of the Millennium – Small Business Big Business
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young english businessman Samuel Leeds, 30 years old, became owner of a lot of money with a company real estate investments in the UK. He says he has noticed a series of behaviors common in his generation that prevent them from growing, in his opinion.

start; Young; Millennials. Meeting; Layout (Image: Canva Studio / Pexels)
Millennials want to change the world, but the author’s vision lacks strategy (Photo: Canva Studio/Pexels)

On Entrepreneur articleLeeds notes that not because a person was born in a certain period will have the same behaviors as others. Despite this, there are some aspects that are prevalent among young people, which can be observed in the same light – such as awareness of their own influences on the world, for example. He writes, “However, there are some common behaviors that limit generation in the business world.”

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Check out the three points advocated by the entrepreneur:

1. They work hard but without strategy

Leeds says that working more strategically means replacing yourself whenever possible in your business. However, some millennials have been taught to view hiring employees or being self-employed as “exploitation” rather than a mutually beneficial activity. He argues that it’s important to get over this mental programming and feel free to assign someone to do your work while you’re planning your next move. For example, even when starting your own limited liability company – a lot of people tend to want to do everything themselves, although there are many professional services that can do all the legal paperwork and do the process for a very attractive price. So why would you try and waste your own time?

2. They only rely on traditional education

You have one College It is necessary if a young man wants to become a doctor or a lawyer, for example. However, to be an entrepreneur, it is necessary to go beyond traditional studies. This may include acceptance Careers At a lower pay level for learning the specific skills you need, attending special training courses, or paying for mentoring,” says Leeds.

3. Forgetting that changing the world takes money

The young man writes that one of the common points of the generation is the desire to change the world. But for that it is necessary to have the money. “I’ve been on humanitarian aid missions and that has been a lot of fun. The work done is very important. But the most effective thing is to have the means to fund the business.” He states that a portion of his profits go to social work, which reaches “more people than if I volunteered on my own”. Leeds adds that one of the best things to learn to change the world is how to make money.

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Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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