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How do you get started with entrepreneurship? What do you have to do? What things do you have to set up?

#entrepreneur
17 years old, junior in highschool
#entrepreneurship

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

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Nada’s Answer

Hello Bernae!

It's exciting you're considering the entrepreneurial path right out of school! It takes courage, creativity, and a whole lot of hustle, but the rewards can be immense.

Here's some guidance to help you on your journey:

1. Nurture the Entrepreneurial Mindset:
* Embrace Curiosity: Always be learning, questioning, and exploring new ideas. The world is full of opportunities for those who are curious.
* Become a Problem Solver: Entrepreneurship is about finding solutions to problems. Train your mind to identify needs and think creatively about how to address them.
* Cultivate Resilience: Setbacks are inevitable. Develop the grit and determination to bounce back from challenges and keep moving forward.
* Embrace Risk (Smartly): Calculated risks are part of the game. Learn to assess potential downsides and make informed decisions.
* Build a Strong Network: Connect with other entrepreneurs, mentors, and potential collaborators. Surround yourself with people who inspire and support you.

2. Essential Skills to Develop:
* Sales and Marketing: Learn how to effectively promote your ideas and persuade people to believe in your vision.
* Financial Literacy: Understand basic accounting, cash flow management, and how to make smart financial decisions.
* Communication Skills: Master the art of clear and persuasive communication, both written and verbal.
* Time Management: Learn to prioritize tasks, manage your time effectively, and stay organized.
* Leadership: Even if you're starting solo, develop leadership skills to inspire and motivate yourself and others in the future.

3. Taking the First Steps:
* Identify Your Passion: What are you truly passionate about? What problems do you want to solve? Your business should align with your interests and values.
* Validate Your Idea: Don't assume your idea is great just because you like it. Talk to potential customers, get feedback, and refine your concept.
* Start Small, Think Big: You don't need a world-changing idea right away. Focus on solving a specific problem for a specific group of people.
* Create a Simple Business Plan: Outline your goals, target market, revenue model, and marketing strategy. It doesn't have to be a formal document, but it helps to have a roadmap.

4. Resources for Young Entrepreneurs:
* Mentorship Programs: Seek guidance from experienced entrepreneurs who can offer advice and support.
* Small Business Development Centers (SBDCs): These centers offer free or low-cost counseling, training, and resources for small business owners.
* SCORE: This nonprofit organization provides free mentoring and resources to entrepreneurs.
* Online Courses and Communities: Platforms like Coursera, Udemy, and Skillshare offer a wealth of knowledge on entrepreneurship.
Important Reminders:
* Continuous Learning: The business world is constantly evolving. Stay curious, keep learning, and adapt to new trends and technologies.
* Embrace Failure as a Learning Opportunity: Not every venture will be successful. Learn from your mistakes, adapt, and keep trying.
* Believe in Yourself: Entrepreneurship is a journey with ups and downs. Believe in your abilities, stay persistent, and never give up on your dreams.

Starting your entrepreneurial journey right out of school is a bold and exciting move. With passion, dedication, and the right mindset, you can achieve great things. Good luck!
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Amrutha Sarvani’s Answer

Being a successful entrepreneur is about taking advantage of every opportunity that comes your way. You have to be creative and find different ventures that can generate revenue, even if it's for a limited amount of time. Moreover, diversifying your efforts will help increase your chances of success without necessarily multiplying your workload.

Because mobile devices and technology have become the norm, there are now dozens of different business ideas you can start either for free or for a very small investment. Not only this, thanks to the available tools, these can help you generate revenue without requiring much work on your behalf.

These ideas will help you start and grow are :
1) Choose a business idea that you are knowledgeable and passionate about.
2) Before starting a business, determine if there is a demand for what you want to provide.

In the beginning stages, keep it simple, advises Hadeed, starting with an online ad for your services. From there, the opportunities should flow.
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Michael’s Answer

Hi Bernae, that’s great you want to become an entrepreneur! i’m assuming you have studied up on this and know what that actually means, it can have many different meanings! first off you have to have a vision! What kind of company do you wanna have? Do you wanna have employees, etc. You will need a business plan/model!

Figure out what your strength and passion is! This will take you in the direction you need to go for success. Be relentless with your work ethic and treat people the way you want to be treated! Good luck!
Michael
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Shak’s Answer

Love what you are about to do. Everything after that falls in place. Build the right team that sees the same vision you have. Make your new company a fun place to work at. Set values for your company. This will help customers and people who want to work for you a better understanding and who you are and what you stand for. Make time to give back.
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