What advice do you have for an aspiring young entrepreneur?
Hi! I'm Jean Chloe, 17 years old. Since the 10th grade, I've been really interested in entrepreneurship. My family has faced financial struggles so I've always planned to immerse myself in work and start my own business as soon as possible to help support my family. Any ideas on how I can get started (preferably online)?
Everything is highly appreciated, thank you!
Three tips from me:
1) I will highly recommend to first create a detailed business plan.
Without careful planning and calculating your expenses and potential revenue your chances to succeed are not too high.
2) Also, think of how you can implement your talents.
3) If you want to build a business in something you better know the ins and outs of the domain.
Overall, any business takes a great deal of dedication and risk-taking. Good luck with your future venture!
I believe you should never think of giving up and focus. And also, you need a continuous study on the entrepreneur template you choose. Lastly, spend wisely. You should spend to generate a result and not lose both
Passion and knowledge are the two things that will help you always. First, you must develop love for your business. Second, you must invest time in research, learn skills, analyze competitors, develop strategies and be fearless to market your business.
I'd like to quote Rusell's, the owner of Clickfunnels sayings:
"People buy the same product for a high price, packaged in a different way"
Do not forget to implement it in your business.
One of the biggest lessons I learned building my business? Patience.
Everything marketed towards us today is all about immediate rewards. Whether it be playing Candy Crush, eating fast food, or watching the news, companies try (and succeed) in getting consumers ‘hooked’ on their product.
Our attention spans are under attack, so our ability to hold our attention on a venture and be patient to let it grow is very powerful today.
It takes companies YEARS to become successful. Going against the grain of immediate pleasure is challenging, but I think it is necessary for entrepreneurs in this day and age.
Becoming successful in business is more about your mentality, psychology and determination than it is about finding little tips, tricks, hacks, and exploitations in the marketplace. I suggest you going through this article https://www.ryrob.com/start-business-advice/. Here you can find top 60 entrepreneurs sharing their business advice and tips to gain success.
Here is a very informative guide for starting a house cleaning business but can be applied to any service business.
Hope this helps!
Find something you're passionate about and look at ways to monetize that passion. You're still at an age that you're going to make mistakes (in business) and now is the time to do that.
Consistency in whatever you do is key, I've seen 19-year-old kids make a million bucks doing what they love, but they stuck with it.