Chapter 5: Teen Entrepreneurs: Be your own Boss!
There are a lot of youngsters who cannot get into a job as they are not old enough for that but they wish to earn their own money.
For them here are a few questions which they need to reply to themselves.
If the answer to the above questions is in affirmation then you have the quality to be an entrepreneur who can definitely succeed. To start a business, you need to have an idea for it and the zeal to earn money on your own. Along with this, your goal must be to be the boss. These are seeds for the tree that make you a successful entrepreneur.
Here are a few ideas that can guide you to be teen entrepreneur. It is one of the toughest attempts that one can go ahead with to try the entrepreneurship. One ought to think carefully. You have to determine yourself on what sort of an entrepreneurship you can handle with success.
Also, what you like to do and what all catches, your attention the most. Which is the field you have most knowledge about? The answers to these questions will lead you to the ideas of your business. Along with this you also ought to commit yourself to business to make it a success.
Ideas for teen entrepreneurship
It is not always true that a teen cannot get the ideas for a business. To get an idea for the business you only need to think ingeniously and productively. Along with this search for the best solutions to the problems in the present time and keep and keep an eye on the changing trends.
You can also ask people in the family and amongst your friends or search in books or ask your mentors for the ideas. Try your best to find out all the pros and cons of the business that you wish to take up. The basic thing that is to be clearly understood is that business is exchange. Also, you need to understand the law of demand and supply. This law goes along at every level.
What is the next step after the idea?
When you get the idea think that whether it is practical or not? This must be such which people notice. Some or the other kind of need must be satisfied to make the idea work.
You must determine whether you can bring the idea to floor or not? If the demand is not there it can be created. Arrange for the finance, which is the most important thing. Before you finalize on starting the business you must get the solutions to all the things discussed here.
A couple of the ideas for teen entrepreneurs: