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is is helpful to start a business while still being in highschool?
many friends i know have their own business at our age/grade in highschool, and im also interested in having my own business also.
#business #entrepreneur
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5 answers
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Jason’s Answer
I only hesitate to say having a business while in High School can helpful because that word (helpful) means different things to different people.
If you aren't certain what you want to do with the rest of your life, starting a business now can help you realize what you might enjoy doing with your life.
Examples: you might find you are great at coming up with ideas for goods or services you could sell. Only to find out you don't enjoy the act of selling your goods or services to people. OR maybe you find you enjoy running the business finances more than building the business itself.
Just don't let other people 'influence' you to make a decision. Most people who talk about their great project are leaving out all the hard details of their work or leaving out the many misses they experienced until they hit it.
So just think about if you have a business idea you would enjoy pursuing. If you do, go for it. If not, you won't be losing out by deciding on another path.
If you aren't certain what you want to do with the rest of your life, starting a business now can help you realize what you might enjoy doing with your life.
Examples: you might find you are great at coming up with ideas for goods or services you could sell. Only to find out you don't enjoy the act of selling your goods or services to people. OR maybe you find you enjoy running the business finances more than building the business itself.
Just don't let other people 'influence' you to make a decision. Most people who talk about their great project are leaving out all the hard details of their work or leaving out the many misses they experienced until they hit it.
So just think about if you have a business idea you would enjoy pursuing. If you do, go for it. If not, you won't be losing out by deciding on another path.
Updated
Scott’s Answer
I agree and experience with a business is good experience. However, starting a business comes with a ton of responsibility. Here are a few:
-insurance, general liability and product liability
-city zoning and codes
-finance and cash flow (cash flow is a killer for a lot of start-ups)
-total capitalization needs
-legal support
-cost of acquisition, customers and goods
Just to name a few. The good news is the internet is full of good material you can study including business plan templates that will walk you through this stuff. Keep in mind it doesn't need to be a new product, just a better one that is already out there. Good luck!
-insurance, general liability and product liability
-city zoning and codes
-finance and cash flow (cash flow is a killer for a lot of start-ups)
-total capitalization needs
-legal support
-cost of acquisition, customers and goods
Just to name a few. The good news is the internet is full of good material you can study including business plan templates that will walk you through this stuff. Keep in mind it doesn't need to be a new product, just a better one that is already out there. Good luck!
Updated
Arti’s Answer
Hi,
It can certainly help you to gain experience/expertise, show leadership and entrepreneurial skills by starting a business while still being in high school. However, there are some very important caveats to keep in mind:
1) The line of business must be closely related to the field you wish to pursue in college
2) You should have knowledge about the business or have a mentor/subject matter expert who can guide you
3) You must be able to maintain good grades; that is table stakes! If you are already struggling to maintain good grades, I would not recommend starting a business as that will consume a lot of your time and attention
4) The business does not have to be something major; for example, if you are interested in exploring veterinary sciences, consider creating a profile on Rover.com where you can offer pet-sitting services.
5) Consider internship and volunteering instead of starting a business; they can be just as impactful or perhaps be even more impactful than a business!
Hope this helps. Wish you all the best!
It can certainly help you to gain experience/expertise, show leadership and entrepreneurial skills by starting a business while still being in high school. However, there are some very important caveats to keep in mind:
1) The line of business must be closely related to the field you wish to pursue in college
2) You should have knowledge about the business or have a mentor/subject matter expert who can guide you
3) You must be able to maintain good grades; that is table stakes! If you are already struggling to maintain good grades, I would not recommend starting a business as that will consume a lot of your time and attention
4) The business does not have to be something major; for example, if you are interested in exploring veterinary sciences, consider creating a profile on Rover.com where you can offer pet-sitting services.
5) Consider internship and volunteering instead of starting a business; they can be just as impactful or perhaps be even more impactful than a business!
Hope this helps. Wish you all the best!
Updated
Tim’s Answer
why not start early. learn from experience and follow your passion
Updated
Angela’s Answer
Experience is experience, and just like education, none of it is a waste.
So many "first" businesses fail, and getting your (possible) failure over with while still in HS makes a great deal of sense.
Others who have answered have given you some great food for thought.
I have tried and cannot think of a reason why you would look back after creating this opportunity for yourself, and regardless of the outcome wouldn't say, "I wish I hadn't done that". If NOTHING else, you will learn.
Good luck.
So many "first" businesses fail, and getting your (possible) failure over with while still in HS makes a great deal of sense.
Others who have answered have given you some great food for thought.
I have tried and cannot think of a reason why you would look back after creating this opportunity for yourself, and regardless of the outcome wouldn't say, "I wish I hadn't done that". If NOTHING else, you will learn.
Good luck.