Businesses are fun. Yes, they can be a lot of work, but there is great satisfaction in having complete control of your own business, selling/providing things that you and your customers love, and making money. In this post, I’m going to give you all the basics of becoming a young businesswoman! It's a bit long, but I hope it will be a valuable resource for you. :)
1. Decide what kind of a business you want to start. To come up with ideas, try thinking about what you’re good at, what you enjoy doing, or what problems in your neighborhood need solved. You can also check a kids’ business book, look online, or ask friends and adults for ideas. Make sure that there is actually a market for what your business is offering (i.e., that people are willing to buy your product or service).
2. Then, try to price your goods appropriately. You can look at competitors and see what they’re charging to help you decide. How is our service different than your competitor’s? Do you have more or less experience than they do? These things can help you pick the appropriate price.
3. After that, it’s time to design your marketing! Print up flyers, create a website, or ask your parents for permission to set up social media accounts for your business if you are over 13. B and I both love the design software Canva for making advertisements and social media posts.
Taking it Further
Take your business knowledge a step further by reading some business and money books! They offer tons of great advice on being a business person that I just can’t cram into this post. Here are three of my favorites:
The Everything Kids Money Book
Image courtesy of Barnesandnoble.com
Image courtesy of myubam.com
Image courtesy of friends.kanemiller.com
Words of Advice
I think that running a successful business a tween or teen is entirely possible! One thing that I recommend to help you get customers is to be professional. Go the extra mile and be so prompt and knowledgeable that you will surprise your customers with how young you are! You've got this, tween-preneur!
What other questions do you have about being a young businessowner? Please share them in the comments!