Kennysplash
Verified member
Business ideas are very popular among teenagers. However, most don't understand what type of business they should own. Most businesses involve working for someone else; this makes it difficult to earn money and manage your finances. Parents should help their children decide what to do before they dive in feet first. That way they'll learn critical life skills and make wise decisions.
First of all, teenagers need time to decide what they want to do with their life. They're still figuring out who they are and what makes them happy. Starting a business doesn't have to conflict with this process- in fact, it can help. However, it's important to understand that different types of businesses appeal to different personality types. For example, some like to work hard and focus on their product or service first. Others like to find a niche market and build something for that specific group of people. Only after deciding on a approach will teenagers be prepared to start a business.
Next, it's important for teenagers to focus on one area of business before expanding. This way they have time to learn the basics and build a customer base before any income comes in. It's also a good idea to gather as much information as possible before starting your business. This includes reading business books, contacting business owners and getting references from family and friends. Doing this will help you know what you're getting into and ensure your product or service is decent enough for customers to buy from.
Finally, parents should help teens find a business by showing them options and helping them pick a niche. It's difficult to start a business without any experience or contacts- which means your child needs help finding an idea no one has thought of before. This is especially true for young adults between the ages of 18-22 years old. Young adults often move out of their parents' homes and establish their own lives outside of your household environment. They'll want to make sure that life outside the family home interests them enough that they'll want to return home daily after work.
Also, focusing on one aspect of business helps them learn the ins and outs of running a business.
First of all, teenagers need time to decide what they want to do with their life. They're still figuring out who they are and what makes them happy. Starting a business doesn't have to conflict with this process- in fact, it can help. However, it's important to understand that different types of businesses appeal to different personality types. For example, some like to work hard and focus on their product or service first. Others like to find a niche market and build something for that specific group of people. Only after deciding on a approach will teenagers be prepared to start a business.
Next, it's important for teenagers to focus on one area of business before expanding. This way they have time to learn the basics and build a customer base before any income comes in. It's also a good idea to gather as much information as possible before starting your business. This includes reading business books, contacting business owners and getting references from family and friends. Doing this will help you know what you're getting into and ensure your product or service is decent enough for customers to buy from.
Finally, parents should help teens find a business by showing them options and helping them pick a niche. It's difficult to start a business without any experience or contacts- which means your child needs help finding an idea no one has thought of before. This is especially true for young adults between the ages of 18-22 years old. Young adults often move out of their parents' homes and establish their own lives outside of your household environment. They'll want to make sure that life outside the family home interests them enough that they'll want to return home daily after work.
Also, focusing on one aspect of business helps them learn the ins and outs of running a business.
