By Joyce Wilson
Have you thought about starting your own business but are unsure if you can because you are a teenager? It’s possible to run a business of your own even if you’re not out of high school.
Working for yourself can come with many benefits, including learning how to manage money and teaching you about investing in your company, and it can give you an idea of what type of career you want to pursue in the future.
The Benefits of Working for Yourself
Working for yourself can teach you many helpful habits when it comes to money management. You can learn about setting aside money to reinvest in your company and estimating how much you’ll need to get started. Building your own business is easier if you have low overhead, or don’t have to spend a lot of money to get set up and run your company.
For individuals who are trying to build upon their commerce skills, this can be a useful way to solve problems (such as filling a need for your community), showcase your creativity (creating or designing something that people will buy).
Budgeting and Saving While Running a Business
After you have identified what type of business you want to create, set up a budget for your company, planning on how much you will spend. According to experts, this will help stay within spending limits and help you avoid spending too much money before your company has had a chance to take off.
Saving money is important because you’ll want to reinvest earnings into your company. You’ll want to identify what your profits and losses are, and use this information to tweak changes to your company so that you can ensure you are earning as much as possible.
Potential Work in Animal Care
Are you wondering what type of business you could set up as a teenager? If you love animals, consider working with them and setting up a company that caters to their needs. You could become a dog walker or offer pet sitting services either in your home or the home of the pet’s owner.
This business model wouldn’t cost much to get started since you’d only need to focus on marketing efforts, and you could take on as many clients as you felt comfortable managing. If you want to stand out from the competition while marketing, try using an online logo maker so you can make custom logos instantly and easily. Select a style and icon, choose the text you want, and you’ll be able to view different logos in a variety of colors and fonts.
Working with Children
Babysitting can be fun for individuals who like to work with children. Much like pet sitting, you can set your own hours and work as much or little as you would like. You might take care of children for a few hours or a majority of the day. Your efforts will mostly rely on marketing and word of mouth to help you find customers, thereby keeping your costs low and making this a worthwhile venture.
Even if you are still a teenager, there are plenty of ways to build a business of your own. This can teach you valuable skills that can help you in college and beyond, no matter what you choose to pursue later in life.
Joyce Wilson is a retired teacher and enjoys sharing lesson plans, resources, and teaching tips on Teacher Spark. Her website is a compilation of practical resources that will inspire student engagement and instill a love for learning. By tapping into a student’s natural creativity and curiosity, Joyce believes that they can take their education to a new level.
The Girlpreneur Expo is Back!
Are you a girlpreneur or aspiring young entrepreneur in the Detroit area? If so, join us on Saturday, August 13 for the Girlpreneur Expo, hosted by the T-Rose Foundation. The event is free for attendees. Register via Eventbrite or visit www.t-rose.com/girlpreneur. Empowered Flower Girl will be there with information about our workshops and programs, including how you can get featured in our She’s EmPOWERed column and attend our Be the Impact Summit this fall.