Home for the Holidays (and the Foreseeable Future): Seven Reasons Why Todays Boomerang Kids Cant Hack It in Business

The economy bears some of the blame. But also, the world has changed, and many young people haven’t developed the skills to compete.

Many young people will have to start their own businesses-or be able to demonstrate to an employer that they can think and work like a cash-strapped entrepreneur.

Houlihan explains why so few young people are prepared to survive in the Age of the Entrepreneur:

“Money squelches creativity,” Houlihan shares. “Bonnie always says she feels sorry for entrepreneurs with money, because it often keeps them from developing the most innovative and efficient processes.”

“The best way to achieve growth is to include others-employees, the community, suppliers, contractors, and so forth,” Houlihan says. “The more people who have a stake in the results, the more brains and hands you’ll have working to achieve your goals.”

“Barefoot’s first ‘office’ was the laundry room of a rented farmhouse,” says Houlihan. “And it took almost two decades of tireless work before we really felt established.”

“The ability to think outside of established parameters separates great entrepreneurs from merely good ones,” Houlihan confirms.

“I doubt Barefoot would ever have gotten off the ground if Bonnie and I hadn’t picked as many brains as possible,” Houlihan admits. “We avoided a lot of mistakes, and we got a fuller picture of the industry than many longtime professionals.”

“Parents, teachers, and mentors need to cultivate the qualities that will help kids reach their potentials, and nip in the bud those that will end up being barriers to success,” Houlihan concludes. “The way we work is changing, and our young people need to adapt to the new reality.”

SOURCE Michael Houlihan