Being a Young Entrepreneur - some hot tips
Being young has many advantages – one is the opportunity of exploring beyond your boundaries with a good excuse of “because we’re young”. And this is what makes young entrepreneurship fun.
Another advantage is less responsibilities and more time on their hands. Unlike adults who are stretching their 24-hour life thinking of how to make a living. Although the risk can be immense when you lack experience and knowledge, a teenager can start with what he knows…being young.
New entrepreneurs age 16-21 are today showing more vitality and perseverance to engage in a profitable endeavor. Growing adolescent minds develop as fast as mobile companies introduce new breed of mobile phones. A teenager can earn as much as $50 a day, not that this should be seen as the limit. Now, are you paying attention?
Be a Young Entrepreneur - and Think Young
A large part of our population are teenagers with curious minds. Introducing a new line of clothing that looks like a blast from the past would not catch their attention. When you think of putting up a business intended for the youth like yourself, is should coincide with their heart’s desire.
Take Your Cue From Reality
Practical people always go for what they need instead of buying what they want. Recognize the difference?
Something you want wouldn’t turn out as something you need. You would want apple juice to quench your thirst but all you need is water. Yet something you need would always be something you want. Meet the demand of the masses with what’s essential.
But don’t settle for what is merely traditional and basic. Invent. Awake you innovative mind. Improvise. Water would always be water. But when you mix minerals, vitamins and electrolytes, wham! an energy drink is born.
Be a Techie
Information traditionally was wired up to a tube. But now, it flies with the wind. Computer technology is becoming a must. It has successfully improved the lifestyle of business establishments, big or small. If you try to dig into the internet, billions of advertisements flood your screen. Why not click on one of them?
Count Your Savings
A penny for your thoughts? Nah, keep your thoughts, I’ll keep my penny. Putting up a business can be tough especially when you don’t have the appropriate amount of money to fund it.
But where would a kid like you get it when your piggy bank has been used up? If you’re 13, talk to your parents or your close relatives and try to make them understand that you are old enough to run your own business. Don’t let them think that you’ll just use the money for a video game.
If you’re 16, you could borrow it from your friends or significant someone. The moment you turn 18, more opportunities to borrow money or capital could come through. Business firms allow enthusiasts with a sound business plan to obtain a reasonable amount of funding at an established interest. Lending companies as we call them. With determination, you could see your money raised.
Find a cure for teenage immaturity. Engage yourself and show what you’re made of. Don’t be satisfied sitting in a corner reading your notes. Being small doesn’t mean you have to aim and act small. Live to conquer. Do something.