Obsidian Launch | I’m Not Old Enough to Start A Company

I’m Not Old Enough to Start A Company

There is an age related excuse, preventing many young people from launching a company. I have had a few aspiring entrepreneurs say to me that they realize they are too young to start a company. They don’t have the real world experience. They won’t be taken seriously. Plus, they have their entire life ahead of them anyway. They elect to wait.

I believe that is a mistake. A tragic mistake. There is no time better to start a business then when you are young. There is no better time then now. I could go on and on here with a list of benefits of starting young, but I’ll save that for my book.

Instead I want to tell you about an organization called Alex’s Lemonade Stand. Alex, a child who was diagnosed with cancer prior to her first birthday, set out on a mission at the ripe old age of four to find a cure for cancer. She held her first lemonade stand and raised $2000. She made this an annual event, recruited family and friends, and by the time of her passing at age eight had raised over $1M dollars.

I don’t give a crap how young you are, or how old you are. If you believe in your cause, if you relentlessly commit to its success, no obstacle can stop you. Not even cancer at the age of one. Pursue your passion, and don’t let the excuse of your age get in the way. Thank God, Alex didn't decide to wait until she was older.

Posted by Mike Michalowicz

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Posts: 6

New
Reply #6 on : Mon December 07, 2009, 01:46:09

In legal parlance, the owners of a company are normally referred to as the "members". In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include "[[segregated portfolio company|segregated portfolio companiested purpose companies.

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Posts: 6

Might be
Reply #5 on : Mon December 07, 2009, 01:44:53

Commonly used where companies are formed for non-commercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise they have no economic rights in relation to the company. This type of company is common in England.

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Posts: 6

nice
Reply #4 on : Mon December 07, 2009, 01:43:32

A company is a form of business organization.

In the United States, a company is a corporation—or, less commonly, an association, partnership, or union—that carries on an industrial enterprise."[1] Generally, a company may be a "corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent, for any of the foregoing."

In English law, and therefore in the Commonwealth realms, a company is a form of body corporate or corporation, generally registered under the Companies Acts or similar legislation. It does not include a partnership or any other unincorporated group of persons.

Daniel Penner
Posts: 6

The Time Is Now!
Reply #3 on : Fri July 17, 2009, 17:10:32

This last post struck a heart chord. I never heard the story of Alex's Lemonade Stand and I'm really inspired by it.

When I read the "four hour work week" by Tim Ferris I was also inspired because I spent a great deal of my life thinking that when I was done such in such than maybe I could do this or that. I, like Tim now call most of that stuff goal avoidance. When the coals are hot throw the wood into the fire - so to speak. I don't regret starting my business last year at the age of 21. It wasn't a financial success but I've gained a million bucks in wisdom, determination and courage! I've learned more in 1 year of real life in your face business experience than had ever thought imagineable.

My new adage is the earlier you can fall the earlier you can rise! If you can get it right the first time great, for the majority of us you have to make a few mistakes, better to do it while you're young than when you're old.

- Daniel Penner -

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