I started my first business at 19 years old and thought I knew it all. The business quickly grew to $500,000 in gross revenue with five employees in three states. Business was good, but because I didn’t learn how to manage my business, things quickly got out of control.
Six years into the business, because of mismanaging the finances, I was $100,000 in debt. My dream of entrepreneurship had turned into a nightmare. This experience taught me some lessons that young entrepreneurs need to know.
