One good thing about being young 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 and ideal.
A big advantage that teenagers have is less responsibilities and more time to waste. Unlike adults who are stretching their 24-hour life thinking on how to make a living. Although the risk would be immense with lack of experience and knowledge, a teenager can start with what he knows…being young.
New entrepreneurs aging 16-21 are showing more vitality and perseverance to engage in a profitable market industry. Growing adolescent minds develop as fast as mobile companies introduce new breed of mobile phones. An ideal teenager can earn as much as $50 a day. Now, are you paying attention?
Think Young
Majority of our population is composed of teenagers with curious mind. 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. Look at the path where they trod.
Extract it 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. Pacify the masses with what’s essential.
But don’t settle to what is traditional and basic. Instead, add up to what’s already there. Invent. Awake you innovative mind. Improvise. Water would always be water. But when you mix minerals and electrolytes, wham! an energy drink is born.
Be a Techie
Information before is wired up to a tube. But now, it flies with the wind. Computer technology is becoming a must among everyone. 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 clicking on one of them? You never know when it might interest you.
Count Your Savings
A penny for your thoughts? Nah, keep your thoughts, I’ll keep my penny. Putting up a business is a tough deal 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 convincingly to your parents or your close relatives and try to make them understand that you are old enough to run your own business and 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 would come through. Business firms allowing enthusiasts to accumulate a certain kind of amount plus interest. Lending companies as we call them. With determination, you could see your money rolling.
Fine a cure for teenage immaturity. Engage yourself with what you’re made of. Don’t be satisfied sitting at one corner reading your notes. Being small doesn’t mean you have to aim and act small. Live to conquer. Start with something.
Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts
The Next Entrepreneur
An entrepreneur does many wonderful things. In fact, many people are amazed with how the entrepreneur's mind works. How does an entrepreneur become successful? And most importantly, do you want to be a successful entrepreneur too?
Firstly, an effective entrepreneur should have great ideas. You have to research if your business idea is feasible. After gathering all the needed information, you can now decide if you will pursue the business idea or simply file it and do it in the future. For instance, you decide to pursue the idea. The next thing that you would have to focus on is generating the capital needed.
The projects undertaken by entrepreneurs are done in a very careful manner. Demand research is a very important aspect to determine if a business is feasible or not. Saturated and established markets are a big no for entrepreneurs because their aim is to earn more money. With this kind of market, the business that they are about to put up is suicidal because of the extreme competition.
If you want to become a successful entrepreneur, you have to work on some concepts such as ROI or return on investment, compounding capital, economy of scale, speed of business returns, and many others.
You can't work your way to success if you don’t know these concepts. So you have to study and continue your learning. If you can study a business related course, do so. Having the proper educational background will help you a lot in succeeding in the business world.
According to many expert entrepreneurs, education is not enough. As an entrepreneur, you must have the right attitude and qualities. Now what are these attitudes and qualities? Firstly, you have to be hard working. You have to be willing to work many hours of the day or night especially if you're a beginner.
Almost eight percent of your time will be allotted for encouraging customers or subscribers. In the case of an internet business, you have to attract a lot of traffic to your site otherwise, your business will fail.
The second is to be a risk taker. Most entrepreneurs are not afraid to take risks. This does not mean that entrepreneurs enter the market with their eyes closed hoping for success. Entrepreneurs are willing to take risks especially if after a careful study they can see high chances of success.
Not many individuals are willing to take risks because they are afraid to fail. But you see, an entrepreneur learns a lot from past failures. It's all part of life and so you should not be scared.
The third one is to be organized and you should know how to deal with different kinds of people. If you can build good will and you can win the trust of your customers and subscribers, your business will surely succeed.
If you have these qualities, then you're on your way to becoming a successful entrepreneur. You can choose between online internet businesses or you can start by putting up a business in your local area. If you choose the second option, you would have to study your local market and make sure that there is a need for your business.
If after awhile you feel that it is time to expand, you may do so because you will earn more profit from it. The first option is often the most chosen at this point in time because there are many opportunities waiting for entrepreneurs online. Choose now.
Firstly, an effective entrepreneur should have great ideas. You have to research if your business idea is feasible. After gathering all the needed information, you can now decide if you will pursue the business idea or simply file it and do it in the future. For instance, you decide to pursue the idea. The next thing that you would have to focus on is generating the capital needed.
The projects undertaken by entrepreneurs are done in a very careful manner. Demand research is a very important aspect to determine if a business is feasible or not. Saturated and established markets are a big no for entrepreneurs because their aim is to earn more money. With this kind of market, the business that they are about to put up is suicidal because of the extreme competition.
If you want to become a successful entrepreneur, you have to work on some concepts such as ROI or return on investment, compounding capital, economy of scale, speed of business returns, and many others.
You can't work your way to success if you don’t know these concepts. So you have to study and continue your learning. If you can study a business related course, do so. Having the proper educational background will help you a lot in succeeding in the business world.
According to many expert entrepreneurs, education is not enough. As an entrepreneur, you must have the right attitude and qualities. Now what are these attitudes and qualities? Firstly, you have to be hard working. You have to be willing to work many hours of the day or night especially if you're a beginner.
Almost eight percent of your time will be allotted for encouraging customers or subscribers. In the case of an internet business, you have to attract a lot of traffic to your site otherwise, your business will fail.
The second is to be a risk taker. Most entrepreneurs are not afraid to take risks. This does not mean that entrepreneurs enter the market with their eyes closed hoping for success. Entrepreneurs are willing to take risks especially if after a careful study they can see high chances of success.
Not many individuals are willing to take risks because they are afraid to fail. But you see, an entrepreneur learns a lot from past failures. It's all part of life and so you should not be scared.
The third one is to be organized and you should know how to deal with different kinds of people. If you can build good will and you can win the trust of your customers and subscribers, your business will surely succeed.
If you have these qualities, then you're on your way to becoming a successful entrepreneur. You can choose between online internet businesses or you can start by putting up a business in your local area. If you choose the second option, you would have to study your local market and make sure that there is a need for your business.
If after awhile you feel that it is time to expand, you may do so because you will earn more profit from it. The first option is often the most chosen at this point in time because there are many opportunities waiting for entrepreneurs online. Choose now.
Indostats
Links
www.finderonly.com
