How am i able to start my own business?
I'm asking this because someday i want to open my own buisness. #entrepreneurship
3 answers
Daniela Silva
Daniela’s Answer
Yasmine,
Here it is some tips:
Step 1
Name your business. Look in the phone book or other business directories to see what catchy names already exist in your industry before picking your business name. Business names should be easy to remember, help customers determine what kind of products or services you offer and establish a positive first impression.
Step 2
Purchase a wireless plan. Teens may have a cell phone belonging to the family’s wireless plan, but it’s likely that you’ll need to establish a separate number to field calls from customers and possibly employees. Shop around for a plan that doesn’t require a long-term contract, since the needs of your small business may change over time.
Step 3
Purchase equipment for marketing. Set up a business email address, keeping your private email address for friends and family. Purchase low-cost business cards with your business phone number and email address. If you’re using a land line, set up a professional-sounding answering machine to take calls when
Step 4
Establish procedures for running your small business. You'll want to determine procedures for handling payments, billing your customers and meeting deadlines. If necessary, ask an adult to accompany you to the bank when establishing a business checking account for depositing customer checks and other payments. Customers may take your billing processes more seriously if they're handled professionally, so purchase a receipt book or consider printing invoices that display your business logo using your family computer. Calendars or day planners will help you keep track of appointments with clients.
Step 5
Market your business. Small businesses can have small budgets, so brainstorm for marketing ideas that don't cost much money. Try walking around your neighborhood, knocking on doors to introduce yourself and explain your services. Distribute inexpensive copies of price lists, available hours and contact information. Some software programs help you build simple websites for online marketing and you can also use existing social networking sites to tell friends and family members about promotions, special offers or new additions to your services.
- Teens have the benefit of strong connections with peers and friends. Tap into that network when fielding ideas and strategies for starting your small business for feedback and constructive criticism. Use feedback to develop your own perspective.
Teens starting a small business can benefit from the knowledge and experience of veteran business owners. Reach out to the community to develop a relationship with a mentor for advice and support.
The best teen small businesses run independently, so if you don’t yet have a driver’s license, limit your business clientele to the neighborhood that you can access by walking, riding a bike or taking the bus.
Teens may struggle with juggling schoolwork, family responsibilities and the added responsibility of running a small business. Budget time carefully, allotting certain afternoons or mornings to schoolwork or business tasks.
In: http://smallbusiness.chron.com/start-small-business-teens-2214.html
Good luck with this project!
Cicily’s Answer
Entrepreneurship Yasmine is a pathway and it involves your:
Passion(s): what are some of things that you love to do?
Plan: what is it going to take to get there?
Purpose: What will your business do that no other does when it comes to your target audience/client etc.?
Product: Will your production last through the tests, and what can you do now to start working on that product so that every so often your able to recreate your creation. Is it here and gone, or are you inventing your time in something that's "built to last".
Get to thinking because honestly no one will drive you like you to get things done. Hope this helps, and I wish the very best for you Yasmine!
Here's a little something to get you started: http://www.payscale.com/research/US/Degree=Bachelor_of_Business_Administration_%28BBA%29%2c_Entrepreneurship/Salary
Gary’s Answer
Hi,
Good question, starting your own business is actually very easy...I would suggest visting sba dot gov for more information on how to set it up. The harder part is figuring out what type of business to start. This is totally a personal choice for you...people start business for many different reasons, they may already have the skills and experience, you can offer a service or create/sell a product. I would suggest learning as much as you can about what you want to do for your business, about your location and how to market your business...good luck!