2 answers
kardye
Student
Lafayette, Indiana
1
Question
Asked
273 views
how do i start making a lot of money at my age?
i would love to have my own business one day
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2 answers
Aisha Taylor
Mortgage Closing Specialist
454
Answers
Detroit, Michigan
Updated
Aisha’s Answer
Hello Kardye,
You have a world of opportunities to kickstart your own business. Whether it's crafting unique products to sell on Etsy or launching a YouTube channel that attracts thousands of weekly viewers, the possibilities for young entrepreneurs like you are limitless.
Here's a step-by-step guide to make your business dream a reality:
1. Brainstorm Your Business Concept: Let your imagination run wild and think of a unique business idea that you're passionate about.
2. Draft a Business Plan: Outline your goals, strategies, and financial projections in a detailed business plan.
3. Decide on a Business Structure and Register It: Choose the most suitable structure for your business and get it officially registered.
4. Establish Your Business Operations: Set up the necessary systems and processes to run your business smoothly.
5. Understand Your Legal Obligations: Get familiar with the rules, regulations, and taxes related to your business to avoid any legal issues.
6. Learn to Sustain Your Business: Acquire the skills and knowledge needed to maintain and grow your business over time.
7. Never Stop Learning: Keep learning from others' experiences and stay updated with the latest trends in your industry.
Remember, the journey of entrepreneurship is a learning process. So, take one step at a time and enjoy the ride!
You have a world of opportunities to kickstart your own business. Whether it's crafting unique products to sell on Etsy or launching a YouTube channel that attracts thousands of weekly viewers, the possibilities for young entrepreneurs like you are limitless.
Here's a step-by-step guide to make your business dream a reality:
1. Brainstorm Your Business Concept: Let your imagination run wild and think of a unique business idea that you're passionate about.
2. Draft a Business Plan: Outline your goals, strategies, and financial projections in a detailed business plan.
3. Decide on a Business Structure and Register It: Choose the most suitable structure for your business and get it officially registered.
4. Establish Your Business Operations: Set up the necessary systems and processes to run your business smoothly.
5. Understand Your Legal Obligations: Get familiar with the rules, regulations, and taxes related to your business to avoid any legal issues.
6. Learn to Sustain Your Business: Acquire the skills and knowledge needed to maintain and grow your business over time.
7. Never Stop Learning: Keep learning from others' experiences and stay updated with the latest trends in your industry.
Remember, the journey of entrepreneurship is a learning process. So, take one step at a time and enjoy the ride!
Lauren Gallant
Manager, Technical Support Innovation
17
Answers
Plymouth, Michigan
Updated
Lauren’s Answer
Hi Kardye!
I am not sure of your age but as a youth, you will want to kick start learning more about your desired career path as soon as possible. If you are interested in owning your own business, I would suggest looking into business administration courses or degrees. It may be difficult to make money at first but once you have some business skills and learnings under your belt, you will be able to achieve new heights. Always remember that you are in charge of you and your progress!
I am not sure of your age but as a youth, you will want to kick start learning more about your desired career path as soon as possible. If you are interested in owning your own business, I would suggest looking into business administration courses or degrees. It may be difficult to make money at first but once you have some business skills and learnings under your belt, you will be able to achieve new heights. Always remember that you are in charge of you and your progress!