Billionaire CEO Steve Schwarzman: Don't start a business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Billionaire CEO Steve Schwarzman: Don't start a business. via CNBCMakeIt

div > div.group > p:first-child"> The CEO and co-founder of private equity firm Blackstone says it's not smart for younger workers to break away from major corporations to start their own businesses. Especially not in the finance world.

"It's not for 22-year-olds or 26-year-olds," he says."I've watched over my career really gifted people who are 26 saying, 'I want to go out and start my own business.' And I said, 'You haven't seen enough bad things yet. You don't have a really sophisticated understanding of risk and things that can go wrong that could really hurt you.'"

But Schwarzman isn't the only successful entrepreneur cautioning being a founder is not for everyone. Marcus Lemonis, a self-made millionaire and the star of CNBC's"The Partner," warns that many would-be business owners don't understand the work and sacrifice it takes to go from idea to reality.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt Schwarzman another catholic billionaire

MakeIt 'dnt be ur own boss or be financially independent be a wagecuck for life' 'business bad wagecucking good!' fcking kek finrekt 🤣

MakeIt What to say its a BAD NEWS

Ireland Ireland Latest News, Ireland Ireland Headlines