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.
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