“Age doesn’t matter” is applicable nearly everywhere—almost like a broken record, so to speak. But clichéd as it may be, the truth that its compatibility across many topics is undeniable. For instance, many inspirational or business self-help articles use it to encourage older people to start a company; or perhaps they push young people to kickstart their lives early. So, proving its veracity is like telling us something that we already know. Thus, this article brings the conversation to the extreme. Here, we discuss remarkably young talents who opted to go “adulting” even before hitting 18. We then extract the business insights from CEOs relevant across all ages.
Expert Insight: Numbers reveal that the younger generations are 188% more likely to consider small and medium-sized enterprise (SME) formation. Out of this staggering number, 48% say their venture stems from the desire to bring their passion to the proverbial business table. Furthermore, their decisions are also widely influenced by wanting to dismantle the traditional hierarchical corporate workplace by creating a flat organizational structure.
Despite the facts, global surveys indicate that a fifth of the entire population is currently Not in Employment, Education, or Training (NEET). Regardless, the figures should not dissuade anyone from taking valuable business insights from the younger generations of CEOs. After all, unemployment is a reality brought about by a wide range of interconnected factors. UAE law firm Managing Director Abdulrahman Abounaja weighs in on the issue through an open letter to the youth: