Guidelines for Teens Who Want to Thrive as Entrepreneurs - Lucille Rosetti
As adults, we tend to discount the capacities of youth, yet the fact remains: today's teenagers are creating lucrative startups. Sometimes, they even make more money than those founded by their more mature counterparts. The appetite of newer generations for entrepreneurship is also enormous. According to a survey from researchers studying youthful business orientation, 60% of teens say they would prefer running their own business rather than working as an employee.
From Basic Counseling Skills, here's what adolescents need to know about getting their start as entrepreneurs.
Benefits of Teens Starting Businesses
There are plenty of good reasons for starting a business early in life. Besides teaching life lessons, it also supports the growth of time-management skills. Further, it helps develop communication abilities, teaches responsibility, and infuses a sense of self-worth into young businesspersons.
Starting a venture on the younger side comes with certain advantages. For one, failing is less likely to be a tragic setback. Since dependents do not have living expenses, they can financially recover without much struggle. Adolescents are also full of energy and highly creative, giving them a distinct advantage over older folks set in their ways.
Ideas for Teens Starting Businesses
There are a million ventures appropriate for younger citizens. Pet walking and lawn care businesses are two popular options. Car detailing and housecleaning are good alternatives for teenagers with a natural compulsion for tidying up. Not every venture requires traveling to customers. Many run entirely on video chat software. Instrument lessons and academic tutoring are two examples.
Crafty teens can sell handmade items through their websites by using Shopify. Items they should consider selling include greeting cards, custom artwork, and homemade soaps or candles. Making these products doesn't require a factory, nor does inventory take up much space. A relatively clean bedroom is all a blossoming industrialist needs.
Settling on a business path can be tricky. The right decision often comes with matching the person's skill set. Another strategy is following one's passion. Parents and teachers can serve a valuable role in helping figure out what direction they should take.
Best Practices for Teens Starting Businesses
Getting any venture off the ground starts with a business plan. Having one vastly increases the odds of success, and teen startups are no exception. Comprehensive blueprints describe everything about a company, including the delivery of products and services. They also explain the reasons for chosen business structures, detail financial projections, and explore what funding is necessary.
No teen entrepreneur knows how to start a business their first time out, however if they’re ready to start a new company, a guide can be helpful. A good guide will provide a list of all the major steps they’ll need to take to get their business off the ground. They may also find it helpful to work with a formation service to handle the registration paperwork.
Teen businesspersons should implement invoicing software. These programs help make sure the books are accurate, in addition to speeding up client payments. The best software solutions let customers pay online and send alerts the instant customers receive and fulfill invoices. Likewise, they offer the ability to schedule recurring payments, thus reducing the possibility of collections falling through the cracks.
Finding the first set of customers is often challenging for any startup. Spreading the word is vital. Teenagers are especially adept at social media and getting messages to go viral. Another strategy is to try to find local investors who are willing to help get the business going.
On social media, video is king when it comes to driving engagement. If you’re concerned about the size of video files you want to share, you can convert videos to GIFs for free in order to get similar results with smaller files. You can even adjust the aspect ratio, length, and file size to meet your needs. Once you’ve made your edits, you can download your new GIF to use as you like.
The world is eagerly awaiting the next wave of teenage entrepreneurs. Use these resources and guidelines to find success in your new venture.
Image via Pexels
From Basic Counseling Skills, here's what adolescents need to know about getting their start as entrepreneurs.
Benefits of Teens Starting Businesses
There are plenty of good reasons for starting a business early in life. Besides teaching life lessons, it also supports the growth of time-management skills. Further, it helps develop communication abilities, teaches responsibility, and infuses a sense of self-worth into young businesspersons.
Starting a venture on the younger side comes with certain advantages. For one, failing is less likely to be a tragic setback. Since dependents do not have living expenses, they can financially recover without much struggle. Adolescents are also full of energy and highly creative, giving them a distinct advantage over older folks set in their ways.
Ideas for Teens Starting Businesses
There are a million ventures appropriate for younger citizens. Pet walking and lawn care businesses are two popular options. Car detailing and housecleaning are good alternatives for teenagers with a natural compulsion for tidying up. Not every venture requires traveling to customers. Many run entirely on video chat software. Instrument lessons and academic tutoring are two examples.
Crafty teens can sell handmade items through their websites by using Shopify. Items they should consider selling include greeting cards, custom artwork, and homemade soaps or candles. Making these products doesn't require a factory, nor does inventory take up much space. A relatively clean bedroom is all a blossoming industrialist needs.
Settling on a business path can be tricky. The right decision often comes with matching the person's skill set. Another strategy is following one's passion. Parents and teachers can serve a valuable role in helping figure out what direction they should take.
Best Practices for Teens Starting Businesses
Getting any venture off the ground starts with a business plan. Having one vastly increases the odds of success, and teen startups are no exception. Comprehensive blueprints describe everything about a company, including the delivery of products and services. They also explain the reasons for chosen business structures, detail financial projections, and explore what funding is necessary.
No teen entrepreneur knows how to start a business their first time out, however if they’re ready to start a new company, a guide can be helpful. A good guide will provide a list of all the major steps they’ll need to take to get their business off the ground. They may also find it helpful to work with a formation service to handle the registration paperwork.
Teen businesspersons should implement invoicing software. These programs help make sure the books are accurate, in addition to speeding up client payments. The best software solutions let customers pay online and send alerts the instant customers receive and fulfill invoices. Likewise, they offer the ability to schedule recurring payments, thus reducing the possibility of collections falling through the cracks.
Finding the first set of customers is often challenging for any startup. Spreading the word is vital. Teenagers are especially adept at social media and getting messages to go viral. Another strategy is to try to find local investors who are willing to help get the business going.
On social media, video is king when it comes to driving engagement. If you’re concerned about the size of video files you want to share, you can convert videos to GIFs for free in order to get similar results with smaller files. You can even adjust the aspect ratio, length, and file size to meet your needs. Once you’ve made your edits, you can download your new GIF to use as you like.
The world is eagerly awaiting the next wave of teenage entrepreneurs. Use these resources and guidelines to find success in your new venture.
Image via Pexels
