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| Shuttlestock |
Starting a business young means you have time on your side, and that’s one of the most positive things to take from this. As a potential young entrepreneur, you can develop your ideas whilst studying, and you shouldn’t want to become a millionaire overnight.
We believe it’s never a bad
idea to think about starting your own business. You might think you’re too
young; however, if you’re a driven, passionate and responsible person,
entrepreneurship might just be for you.
Starting your business
could be a great way to make money on the side, or over the summer. There are
more opportunities for you to consider than ever before.Most people who start
businesses are not as young as you might think. It doesn’t hurt you to get
started on your own enterprise at a younger age. In fact, it might
help. Some benefits of starting early are:
• You stand out–if you are young, you stand out from the crowd, and
people will remember that about you. People tend to remember kids doing amazing
things that even though adults can do better. Imagine a 10-year old boy in your
school building a mobile browser launcher, that skill/expertise will drive him
to fame because he’s outstanding.
• Mentors–nobody wants
to mentor a washed up 50 year old entrepreneur, but which successful businessperson
doesn’t want to show the ropes to a youngster? It’s easier to bend a stem when
wet that dry. As a matter of fact, mentors give their time to youngsters than
the older entrepreneurs because they believe in their crazy ideas as they
haven’t been marred by cultural/economical bias.
• Technology–let’s face it, we know how to use it. The older generation didn’t
grow up around it and therefore didn’t invent Google, Facebook, YouTube or
anything else cool.
• Opportunities in
your school– as a young entrepreneur, you might need some facilities to blow up
your little business, but you really might not need to purchase these things
because you can easily access them in your school, especially if you inform the
person in charge. Things like state of the art libraries, meeting facilities,
computers, printers, copy machines, even customers (the staff of the school,
parents of your colleagues might end up being your customers). What more does
an entrepreneur need?
• You have your family
as unpaid staff–Leverage on people around you as your first staff. Your mum,
your brother, your sister, your cousins and everybody around you can come in to
assist while you still retain your proprietorship. You don’t need to pay wages
for them even though you may return the favour in kind. This, you get free of
charge; the older ones don’t get this benefit.
• Enough time for
mistakes–as a youngster, you have so many years ahead of you to keep trying. If
for any reason, your business is not catching people’s attention or you are not
getting it right, you can always reset. Going back to the drawing board may be
difficult for older entrepreneurs. It’s okay to fail at a young age. Don’t
reside inside that failure, try again. When you fail again, still try again.
Keep trying till you get it right.
• You’ve
got nothing to lose–house? car? facilities? Name it! Because you are in
relatively free zone, you can’t lose anything if the worst comes. Whatever you
lose in the process will quite be insignificant to consider as a loss, so keep
moving! You have no worries!
• Maybe free
rent and meals at home while you are bootstrapping your business. You have
a conducive environment to do whatever it is you are doing without having to
pay dues or rent because you are already covered. We understand that you may be
hungry as you are doing your business, don’t worry, you are still daddy and
mummy’s child, your food is readily available.
• You’ll get to laugh
at your friends working their 9-5 hating life, while you live the
lifestyle you want working for yourself. In the future, you’ll be so
comfortable and independent than your friends who are under the control of
people or government. You’ll have time for yourself and your family because you
are not time-bound and not working for someone else.
Your Age is your leverage in marketing- the more reason why people will
buy from you (with good marketing skills) is because you are so young. The
older ones (who are mainly your customers) are passionate about kids who run
their business. Even if they don’t really need whatever you are selling or
producing at that moment, they don’t want you to feel bad or discouraged, they
will be forced to buy your products. The bigger ones don’t get this; they need
technical skills and strategies to convince people to check their stuff out.
In summary, starting a
business is a great way for kids to learn real life skills and build
confidence. If all these are attained at the start of their lives, the future
is definitely now.
Please don’t
forget to share us with your friends on social media and drop your comments to
help us serve you better.
.jfif)
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