The Golden Opportunity Of Starting Business At a Young Age

It pays to start your business at a young age as this is a period where a confluence of factors comes together to blend in for the most favorable environment that could bring out the best in you as a business owner.

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Many individuals in America and all over the world are successful today because they decided to start early in their entrepreneurship, gradually building on their enterprise until they have grown as individuals. Below are the factors that make this possible.

The energy of youth: As has been observed in many sports, teenagers seem to exemplify a heightened level of energy in whatever display of athleticism they have. It’s the same energy and enthusiasm that is applied in business, where everything can be turned into success.

The best time to make mistakes: Starting early affords the chance to make mistakes, in a period when the long road ahead provides many opportunities for redemption. This also enables one to make mistakes that quite likely won’t be repeated.

A good chance to build lasting connections: The entrepreneurial teen is quite ahead of his time. He makes a network of connections of people who are not into business practice yet. What he gains is a lot of mind share. When his contacts become professionals later on, he will have had a bigger enterprise and a lot of other trusted people he can work with.

You never know what you’ll come up with when you start early in business. While it provides no assurance of tycoon status later on in life, starting out early in entrepreneurship is worth a good try.

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Fred Barbara started as a young entrepreneur when he established his trucking business at the age of 18 and later on he turned it into a million-dollar enterprise. For more information on entrepreneurship, follow this blog.

The Drive For More Fuel-Efficient Trucks

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Some fronts are airing their concerns about the environmental implications of the high volume of fuel consumption of the trucking industry. But the glass-is-half-full people see this as a representation of an opportunity to drastically reduce worldwide consumption of fuel.

Passenger vehicles have faced regulations on fuel economy as early as the 1970s. The same cannot be said for medium- and heavy-trucks – until the Obama administration's efforts to require fuel economy improvements for these trucks.

The first greenhouse gas and fuel economy standards for trucks were agreed on 2011 and then took effect in 2014, requiring these large vehicles to reduce fuel consumption by 20 percent.

The second phase of these standards was lodged in 2015, necessitating semi-trucks, buses, large pickup trucks, and vans built from 2021 to 2027 to cut fuel consumption further to 24 percent.

Truck manufacturers, therefore, have around six years to make improvements in their vehicles that would help reduce the transportation sector’s carbon emissions by 1 billion metric tons and save $170 billion at the pump.

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And contrary to conventional knowledge, experts say that truck fuel efficiency refinement is easily achievable.

Existing and developing technologies include improved diesel engines, transmission system, aerodynamics, tires, regenerative braking, and hybrid technologies.

Beginning his entrepreneurial journey at the age of 18, Fred Barbara grew his trucking business into a $58.5 million enterprise with a fleet of 150 trucks, which he sold in 1997. To read more interesting articles about trucks and the freight industry, visit this blog.