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MenuHow to start entrepreneurship at just 17
Hy i am 17 years old and have always aspired and wished to be a succesful entrepreneur like Jeff Bezos, Elon musk and Bill Gates oneday but i dont know how to start with little or no financial support from anyone and i am also from a middle class family so please i need your advice
Answers
We all love Jeff Bezos but most of us won't be him. You must be the most successful version of you that you can be.
All small business owners are entrepreneurs. Find a need in your area and find a way to fulfill it. Perhaps there is a shortage of lawn care, brush clearing, or painting professionals. Buy the tools needed and fill the gap. Use profits you earn to hire workers and expand.
If you are an active small business owner you will see opportunities all around you. Hard work will help you succeed no matter where you fit in the market.
It's great that you're already thinking along those lines.
My advice would be start by buying and selling something that you're interested in. Whether that's sneakers, Pokémon cards, video games, whatever. Start flipping something - that's the essence of most business.
If you find you really love that, then strap in. Entrepreneurship is a long, sometimes lonely journey.
In the age of the internet, you can start something with no money. Find something you're passionate about and find a way to package that into something people can buy.
The most important thing is to start - find something you like then just start buying and selling. If you love the game enough to still be around in 3-5 years, you'll achieve things that surprise you.
As a teenager, there are many options and opportunities for you to enter the business world and be an entrepreneur. For instance, you can make an instagram page for any product you want to sell and work on it, make sure that your page grows as a result of which your business will be up and running in no time, you just have to put in some efforts. Than you can work with Amazon or if not Amazon than any national online shopping store. You can also advertise about the product you want to sell around your locality and produce products on demand and sell. You can become as successful as anyone it's just about the time and effort, you are putting in.
There is no age for starting entrepreneurship. You can start whenever you feel ready. In fact, your youth will give you more energy, and "ignorance" to get started since you may not know everything, but you'll still keep going. More importantly if you start young, you have an advantage compared to those who start late, because even if your venture failed (which it might), you still have more chances to give it a shot since you'd still be young! So my advice would be to just begin!
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If you are interested send me a note
when we talk about entrepreneurship there are a lot of things you should consider, and those things are not that much hard but consistency is very hard to maintain. I have divided these into points.
1. Put your idea on paper.
I remember having the best idea in the world thing about it and buff that's gone now because someone calls me and I had to explain to him I don't do a party(being entrepreneurs party just wasting your time where you could have work on next big idea). when we talk about the paper method we can actually see how the business ideas will work out, add some extra information, and boom you know that idea will not work. yes, a lot of time this will happen but that the beauty of this your not wasting a single sec on not so good idea. you just have it and after analysis, you have realized it will not work.
2.Build A Global Product And Let The Markets Confirm
i remember when the signal came everyone in the world wanted to be part of it. but it was exclusive because one tweet, yes that has happened one of the entrepreneurs said when a product is globally accepted that when you realize you are successful. always test your product 1st when you enter the global market sometimes its important for you to realize where you lacking before stepping into the market
3.The team can make (or break) a deal
when you work in a team you realize sometimes people fail and sometimes people save a big chunk of money for the team. the team is sometimes like tug war you being leader standing in front of the market and team support you, there will be a time when team member will fail and let go rope but you will always have someone to support you and help you reach that one place everyone wants.
You need a good idea that is properly executed, and then get really lucky... you are using the top 0.0001% of entrepreneurs as examples. Forget the money, you need to learn how to grow a business, and at 17 I'm sure you have no clue. Start networking, get a job, learn how business works in the first place before worrying about how to become the next Bill Gates (or just do what he did and steal someone else's software code to peddle as your own...).
I would also encourage you to look for better role models - yeah, these guys are rich, but by most accounts are horrible human beings. I can point you to a lot of successful entrepreneurs who are also good people. They might not be billionaires, but they are still starting and selling businesses worth millions.
Read Entrepreneur magazine - the September 2019 edition. The issue "Young Millionaires" was all about young business owners all under age 20. They were not all from wealthy families either. Most had an idea or solved a problem and started selling or promoting.
Feel free to reach out to me.
Hi,
I am the Managing Director of a $100m Technology company and I have recently written a blog which you may find useful:
https://www.mrgrowthmentor.com/post/20-years-of-business-growth-here-are-my-most-valuable-lessons
Happy to discuss your needs further at your convenience.
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What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKM
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