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, ideal and challenging.
A big advantage that teenagers have is less responsibilities and more time to waste. Typical teenagers don't have 9-5s, unlike adults who are forever stretching their 24-hour life thinking of how to feed the kids and put food on the table. Although the risk would be immense with the lack of experience and knowledge, a teenager could soak up information as fast as you can say "Wow!". And when you have information regarding that specific topic, risk would be drastically reduced, or even eliminated. Do you think Warren Buffet carries huge risks every day of his life? Probably not, with his knowledge in his particular field.
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 introducing new breeds of mobile phones. An ideal teenager can earn as much as $50 a day, or even more and sometimes, surpassing their parents' paycheck.
Now, are you paying attention?
Think Young.
The 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 youths like yourself, one should coincide with their heart’s desire. Look at the path where they trod. Feel the place they feel comfortable in. Listen to what they talk and taste what they eat.
Reality Check
Practical people always go for what they need instead of buying what they want. See the difference? Something you want doesn't always turn out as something you need. You would want apple juice to quench your thirst, but all you actually 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. Think out-of-the-box. Water would always be water, but when you mix minerals and electrolytes, wham! An energy drink is born.
Be a Techie.
In the past, information is wired up to a tube. But now, it travels at lightspeed, literally. Computer technology is becoming a must among everyone. It has successfully improved the lifestyles 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 dried up? If you’re 13, talk convincingly to your parents or your close relatives and try to presuade them to understand that you are old enough to run your own business. Also, convince them that money in a 13-year-old's hand doesn't mean games and more games.
If you’re 16, you could borrow it from your friends or a significant someone. The moment you turn 18, more opportunities to borrow money or capital would come through. Business firms allow enthusiasts to accumulate a certain kind of amount plus interest - lending companies as we call them. With determination, you could see your money rolling, but not rolling out like other 18s, but rolling into your bank account like water from the pipe.
Shaun R Lee is a budding new entrepreneur. Visit his blog at http://startyourinternetbusinessnow.blogspot.com/ for more details on internet businesses.
This article can be used anywhere, as long as this information is not modified in any way and is being included along with the article.
Copyright(c) 2009. Shaun R Lee.
Posts
No comments:
Post a Comment