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How do you begin if you want to start building a path to buisness ownership? Why is it important to know this? Is it easy? Hard? What age can you begin?
Owning a business is a big dream of mine and want to know more on how I can begin a successful journey, realizing what may happen, as a senior in high school it's the last year and I want to begin my career
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Angella chepchirchir
SEO, MARKETING, ANALYST , psychologist
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Angella’s Answer
Hi Juliana,
Starting a path to business ownership is a very wise decision, that is achievable.
Some if the steps towards achieving this includes;
1. Identify your interests and passion: Find out what you are passionate and interested about; Being in a field you are passionate of will motivate you and increase your success story.
2. Conduct market research :
3 Find a business plan: this will give your more strengths and challenges your business might fall into.
4. Secure skills and knowledge in the business
5. Find source of funds: This will give insights of what is possible and welcome investors if the funds are not sufficient.
6. Build network for your business.
7. Start up.
It's important to note that starting and running a successful business requires hard work, dedication, and resilience. It can be both rewarding and challenging, so it's crucial to be prepared for the ups and downs that come with entrepreneurship.
As for the age to begin, there is no specific age requirement for starting a business. Some people start their entrepreneurial journeys at a young age, while others do it later in life. As a high school senior, you can begin exploring your options, gaining knowledge and skills, and taking steps towards entrepreneurship. Consider pursuing further education, such as business courses or a degree, to enhance your understanding of business principles and practices.
Remember, entrepreneurship is a lifelong learning process, and starting early gives you the advantage of time to learn, grow, and build experience. Be open to learning from others, taking risks, and adapting.
Thank you for choosing Career village as your career advisor.
Regards
Angella chepchirchir Career village advisor.
Starting a path to business ownership is a very wise decision, that is achievable.
Some if the steps towards achieving this includes;
1. Identify your interests and passion: Find out what you are passionate and interested about; Being in a field you are passionate of will motivate you and increase your success story.
2. Conduct market research :
3 Find a business plan: this will give your more strengths and challenges your business might fall into.
4. Secure skills and knowledge in the business
5. Find source of funds: This will give insights of what is possible and welcome investors if the funds are not sufficient.
6. Build network for your business.
7. Start up.
It's important to note that starting and running a successful business requires hard work, dedication, and resilience. It can be both rewarding and challenging, so it's crucial to be prepared for the ups and downs that come with entrepreneurship.
As for the age to begin, there is no specific age requirement for starting a business. Some people start their entrepreneurial journeys at a young age, while others do it later in life. As a high school senior, you can begin exploring your options, gaining knowledge and skills, and taking steps towards entrepreneurship. Consider pursuing further education, such as business courses or a degree, to enhance your understanding of business principles and practices.
Remember, entrepreneurship is a lifelong learning process, and starting early gives you the advantage of time to learn, grow, and build experience. Be open to learning from others, taking risks, and adapting.
Thank you for choosing Career village as your career advisor.
Regards
Angella chepchirchir Career village advisor.
Angela, thank you much this is inspiring and helpful!
Juliana
Always welcome, feel free to post more questions.
Angella chepchirchir
Updated
Deena’s Answer
There's no one-size-fits-all route to owning a business, as everyone's journey is unique. Take my husband, for instance. He's a business owner who shares his venture with a partner, and their paths to this point couldn't be more different.
My husband started off in the banking sector, working for larger corporations. This gave him valuable experience in various aspects of business, such as leading teams, interacting with customers, crafting and executing plans, and so on. His partner, on the other hand, has always been his own boss. He started his business from scratch but realized he needed a partner to help it grow.
Together, they make a great team as co-owners, each bringing their unique set of experiences to the table. So, it's really up to you to decide which path suits you best. Would you prefer to gain some experience working for others before starting your own venture, or would you rather dive straight into entrepreneurship?
There are plenty of useful tips in the other responses here on how to build a business. But don't underestimate the value of work experience. It can provide you with invaluable preparation for owning a business.
My husband started off in the banking sector, working for larger corporations. This gave him valuable experience in various aspects of business, such as leading teams, interacting with customers, crafting and executing plans, and so on. His partner, on the other hand, has always been his own boss. He started his business from scratch but realized he needed a partner to help it grow.
Together, they make a great team as co-owners, each bringing their unique set of experiences to the table. So, it's really up to you to decide which path suits you best. Would you prefer to gain some experience working for others before starting your own venture, or would you rather dive straight into entrepreneurship?
There are plenty of useful tips in the other responses here on how to build a business. But don't underestimate the value of work experience. It can provide you with invaluable preparation for owning a business.
Updated
Bill’s Answer
If you're dreaming about running your own business one day, why not think about studying Entrepreneurship at a university? It's a great idea to get some hands-on work experience too, before you strike out on your own. There's this super interesting podcast called "Acquired" that dives deep into the history and analysis of really successful companies, including their beginnings. You might find it both enlightening and a lot of fun to listen to!