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You do not have to be an adult to start your own business. In fact, there are many different business opportunities that teens can use to get started on their entrepreneurial journey. With all the great entrepreneur ideas for teenagers, it is not surprising that there are so many successful young entrepreneurs who are learning on the job and making sure they have established businesses running after leaving school.
Most people do not look beyond the nose and follow the well-trodden paths that they are told about by their parents. Getting an education, getting a job, establishing yourself, getting married, children -so painfully familiar to us. But there are also teens who refuse to live their lives in this way and in their young years itself, they start thinking about their own business and how to become successful in this life.
Anyone can be an entrepreneur but not everyone has the courage to try it. These days, with all the fabulous business ideas available for kids, we often hear of young children who are running their own businesses already at age 9 and 10.
We hear of teenagers who battled at school but became a millionaire because of some innovative idea. Entrepreneur ideas for teenagers have seen some of them making a fortune from weird socks and lemonade, and so can you.
Maybe you fancy yourself as an inventor? When it comes to full-time or part time business ideas for teens, nobody can be really sure where your inspiration for some useful invention will come from – from TV, a friend, in a magazine, or even from reading a book.
Whatever product or service you offer, it should also be something that other people are interested in too and are looking for to make their lives easier and more comfortable. People are looking for things that are smaller, bigger, quieter, safer, more environmentally friendly, more comfortable, more attractive, something cheaper, useful, and durable.
Business Ideas For Teens
Entrepreneur ideas for teenagers are simply endless, but it should essentially be something that you are skilled in or have an interest in. The stories of youngsters who grow from college dropout to tech millionaire are everywhere.
You just have to check out the Internet and you will find many stories of young teen entrepreneurs and their stories might well be able to provide you with some entrepreneur ideas for yourself. Just some business ideas for teens include among others –
- Handmade soaps
- Jewelry maker
- Beekeeping and honey
- Car repair services
- Garden services
- Clothes maker
- Furniture maker
- Child care
- Pet care
- House sitter
- Computer repair
- Music lessons …and much more
Some of these young entrepreneurs come from wealthy families who helped to set them up but many looked at becoming an entrepreneur because their parents found themselves without a job and they wanted to step in and help. These are children who realized that they could not be lazy and just sit back and hope that their situation would change.
Many Entrepreneur Ideas For Great Business Opportunities
The first question every teen will need to ask is what can they do? Before you start an entrepreneurial business you need to have a good idea about what you can do. When you have a few ideas about what you can do the next step is considering how you can turn something into a business opportunity. It goes without saying that if you are going to spend a number of years doing this job, you must enjoy it, otherwise it just becomes a burden to you. There are many entrepreneur ideas for teenagers. You just have to choose one that arouses your interest.
Will you decide to operate your own business in producing your own unique product and selling it?
Maybe you fancy the idea of buying products from someone else and then selling them at a profit. Or maybe you fancy providing a service to the client. Maybe you like the idea of a laundry service, catering- or maintenance. That leads you to consider the equipment you will need to run your business; Do you want to buy new equipment, 2nd hand equipment, or hire the equipment you need?
Entrepreneur ideas for teenagers go beyond deciding on the business and equipment you will need. An important aspect of any business for a teenager is finding out how to make a particular product. It could be you are looking for a certain recipe or wanting to know how to cut wood or cut stone or something else. You will need to know where to look to find this information. You could get your information from private people who can show you, from the library, the Internet, or even trade journals.
Small Town Business Ideas – Big And Small Towns Have Entrepreneur Opportunities
There are some people who wrongfully assume you have to live in a big town to make it as an entrepreneur. Obviously, some entrepreneurial ideas will be better suited to city life and others can be hugely successful in a small country town.
Small town business ideas can be massively successful. Think of a small beach resort and how well an ice cream outlet would fit in there. Or what about a coffee shop in a small town that lots of travelers passing through would love to stop over at? If the town is on an important route to a popular holiday destination, stopping over at such a coffee shop for a time of refreshment can be big business for you.
Small town business ideas are out there for sure and it is quite possible that the town could do with a pet grooming salon or natural medicine outlet. Entrepreneur ideas for teenagers and anyone else for that manner are a-plenty.
Part time business ideas are also better than not having a business at all. Covid-19 has taught us that it is no longer good enough to only have one business going because if that flounders, you need back-up. While you are still busy at school, part time business ideas are an excellent idea because you can be earning, studying, and saving your earnings.
If you are a teen, you do not need to study to become an entrepreneur but a good educational background can certainly help. For example, if you wanted to be in business related to information technology, it would be a good idea to be super good at technology at school or to go later on for a degree in technology.
Yes, most teens are tech- savvy but useful entrepreneur ideas for teenagers can mean pursuing additional courses once you finish school. There are always one or two courses that can be beneficial for you in your business that can help you increase your sales, such as marketing.
Whatever entrepreneurial business you start, a short course in it can be beneficial. The best entrepreneur ideas for teenagers include a website and social media links. Social media is everything and your business has to be on social media because this way you can share your business with millions of users every day.
Teenagers who are clued up on how to become an entrepreneur will know that a business plan is required. The purpose of the business plan is just simply to act as a guide for you. It describes what you intend to do and how you are going to go about achieving your goals.
Before you plunge into anything, you at least want to know that there is going to be some form of success. The business plan must be a guideline about how your entrepreneur business will start and run.
Another important reason for a business plan is that it will help you pinpoint the strong and weak points of your idea.
Entrepreneur ideas for teenagers must include funding, needed for marketing your business, paying for raw materials, and delivery services.
Maybe you are going to be producing goods from your parent’s garage and you need to mention that and where you intend to sell your products. You will also need to add in some projections of what your expected turnover will be. When you read through your business plan the whole idea for it is to act as a guiding light to you and prevent you from running around in circles, just wasting your time.
With a good business plan, you would not forget the important things that could affect the successful operation of your business.
The Life Of An Entrepreneur
The life of an entrepreneur is exciting, but it can be filled with concern too. But even if it is a failure, the life of an entrepreneur is one of getting up again and learning from the experience. And to start over again if it is your true passion.
It is only through experiences like this that the teenage entrepreneur can learn some hard lessons in life. When you fail in business, you can’t let it get you down. When something goes wrong with your business, with the life of an entrepreneur, they look at the situation and then decide what the best option will be to follow.
All entrepreneurs are going to have hurdles as they think of opening and one of these is to find the capital for this new business of theirs. When it comes to bank loans, you are required to have a good credit history, but this may not be possible with a teenager.
Entrepreneur ideas for teenagers may require you to find your funding elsewhere. You may want to look at applying for a grant. There are a number of small business grants that are dedicated to young entrepreneurs. It will, however, require a bit of research to find the right grant but they can be a great source of funding for your business.
There are also lots of entrepreneur awards and scholarships for young entrepreneurs too. You can also ask your family to invest in your business. Venture capital firms too also look for young private companies to help with funding.
Then again you can also use a credit card to get funding. It is not a good idea to use your credit card to pay for business expenses but sometimes you do not have a choice.
When you get to marketing, it can be quite scary wondering how to market your products. The way you choose will depend on the product and the type of person who you think will buy.
If you are starting up a service that will involve everyone in the community, good entrepreneur ideas for teenagers can include drawing up a simple advertisement on a large piece of paper and having a number of these printed or photocopied.
Flea markets provide another good means for selling home craft products you make. A flea market can be the ideal outlet for woodwork items for instance. Of course, there are also a few traditional ways to advertise your products but these ways can become quite expensive such as brochures and magazines.
With any entrepreneur ideas for teenagers, you will need to develop expertise, as people would not tolerate any slapdash offerings. Marketing and sales, financial skills, and keeping your promises to customers are all things that you will have to perform expertly. You cannot afford to be lukewarm about your products and services as your lack of enthusiasm will rub off negatively onto your customers. Keeping your promises with your customers will be all-important and if a job does become too big for you then it will be better to turn it down as opposed to not delivering on time.
Customers are all too sick of big businesses not delivering on time and not keeping their promises and they want to support a business that does. If you promise delivery on a specific date, then that is what is expected of you.
The Main Function Of The Entrepreneur Is To Deliver On Your Promises
Also, you have to remember that with entrepreneur ideas for teenagers, just because you are a teenager you can’t get away with not delivering on your promises. You can’t sell your product to a client and then leave them to sort out all the details for themselves.
If they can’t get a thing working, then you will have to make provision for them to call you and have you explain exactly how it is done. You must be willing to help your customer get full satisfaction from the purchase they made.
The main function of the entrepreneur is to be a total success so that people wonder how they ever got by without your business.
By following some simple business principles, entrepreneur ideas for teenagers can possibly be the start of a full-time business. After all, the main function of the entrepreneur is to start small and end up happy and successful and where you want to be.