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What Can Seasoned Entrepreneurs Teach Millennial Entrepreneurs?

I had a blast doing talking to Jerry Jao who is CEO of Retention Science and a contributor to Forbes.  Here is an except below and you can read the rest of the post……  

Previously, I’ve written about what a Millennial entrepreneur can teach you about business. To better myself as a CEO, I continue to seek advice from other seasoned entrepreneurs. Experience matters and having mentors who can share their learning with you will help us, the Millennial entrepreneurs, save time to not make the same mistakes.

I had an opportunity to connect with Matt Hulett, the CEO of ClickBank. I asked for his advice on how to motivate a team, how to deal with hiring mistakes, where does he get advice from, and more. Below are Matt’s sage thoughts. I hope you learned as much as I did.

What do you think that more seasoned entrepreneurs can teach Millennial entrepreneurs?

Enjoy the journey. Too many millennial entrepreneurs feel success and happiness come from raising the next round of funding, reaching profitability, getting acquired, going public, etc. But happiness is in the journey and success should be measured through the many steps along the way instead of just the few big rocks.

Don’t be afraid to fail. Most entrepreneurs go through several failures before becoming successful; the key is to make sure you learn from each twist in the road.

Of course, the seasoned entrepreneurs have time and experience on their side and the ability to contextualize situations with past experiences. That said, be conscious of how you’re learning from your mistakes and don’t take mistakes personal. They are there to make you stronger, wiser and ultimately more successful.

In the end, each generation emanated from a social rebellion of sorts. Entrepreneurs that stemmed from the Baby Boomer generation were a departure from their parent’s conservative values; they wanted to build something new, carve out their own path. Millennial entrepreneurs were born in the Internet generation; they seek to understand how much they can impact the world. Millennials have a wonderful gift of living in the now, however, it’s key not to lose sight of the relationship building stage. Seek out your seasoned compatriots for lessons and advice along the way.

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