Echo boomers – a/k/a baby boomer kids or Generation Y’ers – are pretty savvy young folks, especially when it comes to business. This fun loving generation is enthusiastically embracing the notion of free enterprise that has been threatening to bubble over the edge of corporate America for years. Armed with brainpower, optimism, and moxie, these young entrepreneurs are forging ahead in greater numbers by creating jobs that fit around their lifestyles and passions by developing a work-life balance their parents didn’t have.

Young entrepreneurs bring many things to the table including fresh ideas, innovative strategies, and energy – lots of positive, re-vitalizing energy. They are also learning that inexperience is not necessarily a risk factor.

When Foodzie (www.foodzie.com) was just an idea for an online marketplace to help small food producers, co-founder Emily Olson (25) said that a mentor told them they were lucky to be young enough to have no idea how hard getting started was going to be. However, Olson thinks that experience can sometimes get in the way of taking the risks you need to take in business. “Young entrepreneurs often dive in and then innovate along the way to try to make something new work,” she says. Today, Foodzie is successfully continuing their mission to help change the way people eat by connecting consumers with small artisan producers and growers across the country.

Young entrepreneurs also show us how to dust off and breathe new life into old concepts. “We make your ideas SOAR!” is the tagline for Dinosoar Studios (www.dinosoarstudios.com) recently started by Travis Woodward (15). His company makes short videos companies can use to provide customers with information about their businesses and/or products. In addition to using social networking as a way to grow his business, Woodward says that word-of-mouth has been his best marketing strategy. “To get new customers I asked my friends and family for their support – and to refer ten of their friends, family and business people to me,” he says. The results were immediate!

This older-than-dirt form of networking is undoubtedly the most reliable and powerful method of promoting your business. The more you can get people talking about you and your business the better this form of viral or buzz marketing can work. And it doesn’t cost a thing. To prove this over the fence third-party endorsement still reigns supreme, there is even a Word-of-Mouth Marketing Association (www.womma.org) where members can learn how to use this skill more effectively.

Jared O’Toole (23), co-founder of Under30CEO (www.under30ceo.com), created to inspire Gen Y’ers to live their dreams, also believes in buzz marketing and thinks that all press is good – even when it’s bad. He feels entrepreneurs should not only welcome negative publicity, comments, or tweets, but also promote it. “Toss the negativity up in the air and let people engage and join sides,” he advises. “Not everyone will agree with you, but the point is people are talking about your business.” O’Toole believes the key is staying involved and gaining respect by presenting your side of the issue in a professional manner. And the people who end up aligning themselves with you will become more loyal to your brand.

However, if the thought of criticism still sends you in a tailspin, just remember the old adage: “If the dogs are barking at your heels, you know you’re leading the pack.”

Rock on!

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Copyright 2009 Charlene Davis. All rights reserved. Links to articles on this site are welcome; however, articles may not be used, reproduced, or reprinted without permission.