Opinions

Under 30? You're More Likely To Succeed In Business

People starting a business below the age of 30 have some natural advantages, says one young entrepreneur

Share this article

Share this article

People starting a business below the age of 30 have some natural advantages, says one young entrepreneur

Opinions

Under 30? You're More Likely To Succeed In Business

People starting a business below the age of 30 have some natural advantages, says one young entrepreneur

Share this article

If you’re an entrepreneur under the age of 30, there’s a strong chance you will be successful – just look at the founders of Facebook and Snapchat!  I know these guys are the exception and not the rule but they are changing lives from their bedrooms and college dorms.

Evan Spiegel is the 28-year-old entrepreneur behind Snapchat and according to a recent report in Forbes, is now worth a staggering $2.3bn.

As one of the world’s youngest billionaires, Spiegel is clearly super bright, innovative and business minded but in my humble opinion, one of his strongest assets is youth!

I take huge inspiration from the young Silicon Valley guys and I hope that one day, I can be even half as successful as they are.  One thing that stands me in good stead, like Evan hopefully, is age.

I launched We Buy Cars Today at 22.  Fast forward seven years and my business is about to turnover £9m.  For a 29-year-old “del boy” from Hertford, that’s quite an achievement but trust me, I have grafted HARD to get here.

Apart from having bundles of grit and determination to build a business from scratch, I think youth has played a massive part in my success.

No Commitment

Being a young business owner without a wife and kids to worry about frees me up to work as hard as I want to.

A typical working day starts at 5.30pm and can finish at 11.30pm.  Don’t get me wrong, I’m not stuck in meetings or at my desk the entire time, but a big part of my day is dedicated to work - and my French Bulldog!

The beauty of being a young entrepreneur is that I can invest all my time and energy into making my company successful.

I try to book a holiday every 12 weeks, even if it’s just for 7 days – to recuperate and refocus my vision. Luckily I have a really strong team at We Buy Cars Today and the business can run without me.

Energy

Unlike older entrepreneurs, who I massively admire, I have a different kind of energy and maybe this goes back to being committed.

My mind is sharp and focused and I have an insatiable appetite to learn! Motivation

Like most entrepreneurs, I have a never-ending willingness to do and learn, and seeing what I’ve built already just makes me more motivated.

Inevitably, the older I get, the less energy I will have, so while I’m chomping at the bit to grind as hard as I can, I’m going to embrace it!

Thomas Delgado

Thomas Delgado launched We Buy Cars Today at the tender age of 22.

Risk

In the early days of launching We Buy Cars Today - which is now the UK’s third most used online car buying company - I didn’t have too many overheads and I was lucky enough to stay rent free at my Mum’s.

The support from my family meant I could save money and also take a few risks, which I’ve learnt is important if you want to grow your business.

Also, unlike older entrepreneurs - who may have run several businesses, experienced bankruptcy or liquidation and are naturally more risk averse – I’ve always taken chances.

It might sound naïve but I personally think it’s a big advantage. The larger the risk the larger the potential return and that really excites me!  It’s a big part of the reason I’ve managed to grow this company so quickly.

As a young entrepreneur building his first empire, I am learning as I go and that means having no preconceived ideas of how I should and shouldn’t run my business.  I’ve got plenty of common sense which stops me from making blatantly bad business decisions but really, I’m free to run things as I see fit.

I don’t want to tempt fate but on the eve of turning over £9m, I can’t help but think, this young entrepreneur is doing something right!

Thomas Delgado is CEO of We Buy Cars Today.

Related Articles
Get news to your inbox

Under 30? You're More Likely To Succeed In Business

Share this article