By Mike Cheney, AME Program director
First, we should start by defining entrepreneur.
According to Google, “entrepreneur” comes from the 13th century French verb entreprendre, meaning to do something or to undertake. I think of the term as referring to someone who takes responsibility and authority over an enterprise and its results – usually someone who owns a business.
I don’t believe everyone has been called to start or own a business.
That said, I do believe there are 3 reasons your young adult should consider if they may be suited to be a business owner or self employed.
- Their responsibilities are fewer and the consequences of failure are lower when they are young, rather than later on when they have a spouse and children depending on their livelihood.
- Young people generally have more available time and energy to devote to the start up and early development of a business. It is my experience that business ownership generally requires significantly more time and energy on a consistent basis than maintaining a job. Other business owners tell me the same.
- The more years we have invested into a job the less likely we are to step out and take on the risks of starting a business. The older we get the more we tend to avoid risk even if the potential rewards are great. I think most of us have those “what if” thoughts periodically- “What if I would have tried ______ when I was younger?” Stepping out and having time and energy and the capacity to change direction and recover easily from setbacks are some of the benefits of youth. It would be a shame to waste them.
Above all, we should encourage our children to seek God’s leading in the way they should go.
They will thank us later for directing them to fear the Lord and seek after the knowledge and understanding, which are the beginning of wisdom.
About the Author: Mike Cheney
Mike and his wife, Roxie, have been blessed with two children, Annie and Corey, whom they have home educated since birth. They are entrepreneurs and believe in developing multiple streams of income to keep family economies strong, vibrant and able to weather economic difficulties for present needs as well as those of future generations. As a realtor, Mike works with real estate investment, brokerage, and property management. As the director of the national AME Program and of Family Economics for Generations with Vision, Mike has a passion to share a vision for discipleship in all kinds of businesses. He is a founder and teaching elder at Covenant Love Fellowship Church in Parker, Colorado.