Teen Entrepreneurs: Be your own Boss!




Do you want to earn your own money but you are too young to qualify for a part time job? Do you have the drive to earn money through hard work and perseverance? Would you rather prefer to be your own boss and earn your own money? Then you surely have the raw ingredients to become a successful entrepreneur. These are the beginnings of an entrepreneur: a good business idea, a desire to make good money, an aspiration to become your own boss. Successful businesses grow from these seeds. If you have these, then you should consider becoming an entrepreneur.





Steps to becoming a Teen Entrepreneur





Entering the world of entrepreneurship is not an easy endeavor. It requires a lot of thought and careful thinking. The first step is very important: you must understand and know yourself and what kind of entrepreneur you can be. Evaluate yourself and find out what interests you; what are the things that are most fun to you; what stuff do you know most about. From your answers to these questions, you can find many excellent ideas to start your own business. You should also ask yourself how hard you are willing to work to make your business a success.





Great Ideas for a Teen Entrepreneur





Being a teen doesn’t mean you can not think up a great idea for business. Think creatively and innovatively, explore different possibilities and solutions to problems, observe the latest trends – from these you can surely spot an excellent business idea you can start on. You can also get great entrepreneurial ideas from friends, family, teachers, library research and the internet. Afterwards, you can start researching about your business idea. Strive to know and understand the ins and outs of your prospective business. You should understand that business essentially involves “buying” and “selling”. Some understanding of the law of supply and demand will go a long way.





Got a great business idea! What now?





Now that you’ve found an excellent business idea, ask yourself the following important questions: Is it practical? Will people take notice of it? Will it fulfill a need? Do you have the capability to realize this business idea? Can you deliver high quality products or services? Is there a substantial demand for your business? If not, can you create that demand? Where will you get the capital to finance your business? All these questions must be addressed before you start establishing your business.





Business Ideas for Promising Teen Entrepreneurs





With the huge array of business ideas that are available for the budding teen entrepreneur, finding the one right for you may be a daunting task. Here are some promising business ideas that promising teen entrepreneurs like you may find interesting.





Teen Entrepreneur Idea # 1: Candle Making





Candles are very popular as home d├ęcor and accessories nowadays. You probably have a decorative candle in your bedroom or living room. Why not create your own personalized candles and sell them to your friends and acquaintances. Learning how to make candles is actually quite easy. This makes candle making an excellent idea for money-making. You can start by learning how to make candles and where to buy your materials.





You can find candle making resources and materials from craft stores, community centers and candle-making studios. If you already have family and friends who make candles as a hobby, you can ask them to teach you the basics of the craft. Just be creative and display your artistic nature in the candles you make. Afterwards you can sell your personalized candles to your friends, family members, neighbors, flea markets, bazaars, farmers’ markets, etc. You can also sell your candles through internet malls and eBay.





Teen Entrepreneur Idea # 2: Run Errands





If you like moving around, keeping busy and multitasking, then running errands for other people for a fee can be a good idea for business. As we all know, today’s fast paced lifestyles means that many of the people you know might not have the time to do simple chores such as buying groceries, walking the pet, mowing the loan, washing the car, etc. Why not start your own service business by offering to do these errands for a fee. Ask around your friends, neighborhood and even family members to see if they need someone to do their errands for them. You can also post brochures and flyers that advertise your services.





These are just two of the many business ideas that teen entrepreneurs like you can consider. Just remember that any business endeavor requires hard work and perseverance to be successful. With the right mindset and the right dose of enthusiasm, you can surely start your own business and make money in no time at all.



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Famous Entrepreneurs: The Business Aside Comes Personal Development




If there were one thing central to doing business, that would be towards developing your self. And that exactly what famous entrepreneurs go through.





Well, it's only between them and themselves after all. The battles they have to get through and the risks they needed to confront to be able to get from square one to the second juncture of your business will all pour down as instruments for their own self-realization.





Since personal development is different from one person to another, we cannot give an actual characterization or pattern for various stimulus (e.g. risk taking, failure of business transactions, lack of funds, etc.), even as we see them unfolding for famous entrepreneurs.





If you want to be like them, it would not harm if you follow these guidelines.





Discovering where you are good at is one of the earliest stage in becoming an entrepreneur of your own business. Knowing your forte and turning it into productive means will not only produce a good source of income for you but will also extensively nurture you as a person. There is no telling how much you would improve once you become the founder of a business you decided to take.





As many of us would agree, getting the most of life's lesson will only be possible if you are taken at the center of all the challenges. That way, you would get to experience things first hand. And you would learn to cope up with the pressing problems in ways you thought would have been impossible if you were not the captain of it all.





In a sense, venturing into business entrepreneurship does not only mean that you'll get better (or worse) financially. It also requires you to develop yourself full-blown depending on your reactions to specific risks and problems you would have deal with.





Operating a new enterprise or embarking on a new operation you have not done before is surely a thing that would create developments in you. Before you do you must know the risks and be able to prepare yourself with the possible failures that are their eternal parts. The way you would handle them will be able to test your limits and will be used as boundary points when similar undertakings come in the course of your business. You must know that you alone is accountable for all your decisions in attempt to make your own business grow. You must understand that it is not those who labor for you or those who share the capital with you who will spell the success. It is you, as the entrepreneur will decide what courses to take. Thus you'll either lead your group to success or failure.





With each trials you have, you and your group will meet new changes that will require you to go with the flow or to go beyond it. Both ways, you will hone yourselves. Both ways, you will learn to cope. And both ways your personalities will be taken into newer heights. Thus you will develop.





Therefore, personal development in the business world is largely dependent on how you manipulate factors.





Chances are small that you would not grow, even if your business fails. The fact that you have taken responsibilities on things that only few take is reason enough for you to consider as a pathway for self-realization.





Business entrepreneurs are specifically knowledgeable of the opportunities that lay in their paths. They are keen to various chances in pursuing growth in areas like professionalism and personal development.





Some may not actually realize the extent of their progress. Nevertheless, once something is changed in them and that something has changed towards good, there is absolutely a degree of productive change which whether they choose it or not, will be applied to other things important to wholesome living.





As we have repeatedly implied, the opportunity for personal development is high in the business world. Business entrepreneurs, to be able to meet success, should have a good combination of attitudes, skills, beliefs systems and training. All these would work together towards extending product services to those that need them.





People who have been through extreme hardships are those who are most beautiful. They have learned to take risks and turn those risks into opportunities. They have learned to compromise their present leisure in exchange for future growth. They have learned to welcome failures and prove other people's doubts wrong. They have learned through their everyday business battles that it is always too late for giving up.



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Famous Filipino Entrepreneurs: How to Lead the Philippines




We are left way behind now. And we'll continually slipping unless some people take their parts in rebuilding a country that has once promised an "empire".





Some years back, we were at par with countries that has now formed the "greats" of Asia. Now, we are struggling to tap the way back while all of them has already reached their glory days.





With widespread need to globalize and get into the game with the BIGS and the POWERFULS, many Filipinos are quite skeptical if we'll even make it. Well, we need to wake up and reunite our paths back to the course it had before. And with barriers falling on us, it is easier to assume that we need to work harder, harder than what we have first imagined.





In the new trends, Filipino entrepreneurs will have to invest their money on things that need immediate support. This does not necessarily mean that we must act as saviors of our country. Nevertheless, it is common sense to focus on things that are most lucrative.





Famous Filipino entrepreneurs, despite the doubled risks of not getting through still have mustered the will to take them.





It is not easy making business here in the Philippines. With frequent economic fluctuations and inconsistent growth and failure, it easy to give on the first storm that comes. But those people, who have made themselves great risk takers still forced their eyes open to invest in a country that is slipping down. To save it? Probably. But it is more like really finding the hidden potentials that the country has to offer. And they are not few. Only they are hidden.





Famous Filipino entrepreneurs were all once young people with dreams. They tapped the idea and grabbed all opportunities that will shed light to that thought. They all took the initial risks, they even have probably enjoyed the beginner's luck. But that first streak of luck was only temporary. Then came the risks that almost broke them down. Then they willed themselves to set aside comforts in exchange for hardy lives that later became the foundation of their business.





The businesses that became the inspiration for other young entrepreneurs to follow and the businesses that gave hope to those who were once hopeless. The jobs that they have produced are so extensively effective that they sparked new hopes to budding entrepreneurs.





Famous Filipino entrepreneurs are not famous because their names are published on magazines or they were invited in talk shows and the likes. They were famous because they reached lives through providing jobs.





Jobs are the vehicles for making other Filipinos feel their worth and their self-esteem. These create more productive individuals useful in rebuilding a country. And the jobs that they were able to produce paved ways for making our country worthy of becoming a player in the world market again.





Famous Filipino entrepreneurs developed the power to harness creativity from the people and modify their talents to achieve mutual benefits. They sparred the country to move forwards.





The progress may be slow, and it is really slow. With some exceptions, almost everything aren't new. In fact, the moguls are still those who elated themselves to the pedestal before the war.





The capitalistic community of the Philippines may not be as strong or as refreshed as those that may be found in other states. We may be weak. We may be left behind. But the thing is, despite every hurdle that we encounter, including those that are pulling us behind, young entrepreneurs are still hopeful in making business in the Philippines.





Famous Filipino entrepreneurs were the once who have toughed the tides. They were those who believed in revolutionizing things and in innovating systems that are adapted to our conditions.





They may be formed from the classic story of being once a son or daughter of poverty who happened to had the will to take the risks and embark into the unknown. They mastered themselves along the way and mastered other people. Thus, they succeed. That may be the formula for becoming a famous Filipino entrepreneur but it can be seen in many ways possible. Central to such stories though is the willingness to be a risk taker and to take the leadership to lead oneself and to lead other people for your common good.



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Tips on How Entrepreneurs Start a Home Based Small Business




There are many ways by which entrepreneurs get on the road to success. Some entrepreneurs choose to take advantage of franchise opportunities and from there, move on to greater glory.





There are a lot of things that can be said about franchising. For one thing, franchise opportunities let you penetrate the market with an already-established brand name. People already know the product or service so you won't have to go through the trouble of making a name.





Of course, you have the responsibility to make a name for your business and not just the product. This means you'll have to sell yourself. After all, people can get the product or service from other franchises, so what makes you any different? You'll have to show them that you are different from other businesses even if your products are the same. You'll have to do your best to convince people that getting the product from you is the best decision that they can make.





If you don't think that taking advantage of a franchise opportunity is the thing for you, maybe you should consider starting a small, home based business.





A lot of budding entrepreneurs put up small home based businesses for different reasons. Here are some of them:





1) Lack of funding - most entrepreneurs have small home based businesses because of the simple fact that, as a beginner, most do not have the funding to rent office space.





When you think about it, a small home based business is perfect for a budding entrepreneur. He or she actually gets to save money on the rent of commercial space. We all know how hard it can be to manage finances when you are starting a business, so saving all the money you can is a very good idea.





2) Convenience - for entrepreneurs, small home based businesses can be very convenient. When you think about it, they can stay at home all day and still make a living.





Entrepreneurs find small home based businesses convenient in other ways as well. Much legality is eliminated when you base your venture at home. Getting a lease on a commercial space may sometimes prove too complicated, as compared to having your business at home.





3) Customer base - some entrepreneurs start small home based businesses because of the fact that they may already have an established client base there. Some restaurants, for example, get started because of a person noticing that his or her cooking is very popular around the community.



Now, by starting a restaurant in the home, he or she would already have a customer base, willing to pay her for her cooking.





Many people know just how hard it can be to start your business as an unknown. By basing your business at home, you know that you will already have established connections and you know that people will find it more convenient to go to you for their needs.





Remember that you need to plan properly. Most entrepreneurs' small home based businesses fail because of poor planning. You need to learn how to separate your business finances from your home finances, and learn how to record each correctly.





In order for you to be able to properly handle your business, you might want to consult three people: an Accountant, a lawyer, and an advisor. Between these three people, you can get the big picture of what to expect when running a small home based business as an entrepreneur.





You have to be strong. Many people can tell you that business and personal life don't mix very well. But history has shown that entrepreneurs with small home based businesses often succeed at becoming globally competitive.





Three nerds in a garage have as much chance at succeeding in a business venture as an executive in an office with a view. Technology today has made possible that all resources be within your grasp. All you actually need to do is find the will to take the first step.





There you go: those are just some tips to get you started on that first step. By remembering to take calculated risks, you should be fine in getting your small home based business of the ground, entrepreneur.





What are you waiting for? Go!



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Famous Entrepreneurs: The Business Aside Comes Personal Development




If there were one thing central to doing business, that would be towards developing your self. And that exactly what famous entrepreneurs go through.





Well, it's only between them and themselves after all. The battles they have to get through and the risks they needed to confront to be able to get from square one to the second juncture of your business will all pour down as instruments for their own self-realization.





Since personal development is different from one person to another, we cannot give an actual characterization or pattern for various stimulus (e.g. risk taking, failure of business transactions, lack of funds, etc.), even as we see them unfolding for famous entrepreneurs.





If you want to be like them, it would not harm if you follow these guidelines.





Discovering where you are good at is one of the earliest stage in becoming an entrepreneur of your own business. Knowing your forte and turning it into productive means will not only produce a good source of income for you but will also extensively nurture you as a person. There is no telling how much you would improve once you become the founder of a business you decided to take.





As many of us would agree, getting the most of life's lesson will only be possible if you are taken at the center of all the challenges. That way, you would get to experience things first hand. And you would learn to cope up with the pressing problems in ways you thought would have been impossible if you were not the captain of it all.





In a sense, venturing into business entrepreneurship does not only mean that you'll get better (or worse) financially. It also requires you to develop yourself full-blown depending on your reactions to specific risks and problems you would have deal with.





Operating a new enterprise or embarking on a new operation you have not done before is surely a thing that would create developments in you. Before you do you must know the risks and be able to prepare yourself with the possible failures that are their eternal parts. The way you would handle them will be able to test your limits and will be used as boundary points when similar undertakings come in the course of your business. You must know that you alone is accountable for all your decisions in attempt to make your own business grow. You must understand that it is not those who labor for you or those who share the capital with you who will spell the success. It is you, as the entrepreneur will decide what courses to take. Thus you'll either lead your group to success or failure.





With each trials you have, you and your group will meet new changes that will require you to go with the flow or to go beyond it. Both ways, you will hone yourselves. Both ways, you will learn to cope. And both ways your personalities will be taken into newer heights. Thus you will develop.





Therefore, personal development in the business world is largely dependent on how you manipulate factors.





Chances are small that you would not grow, even if your business fails. The fact that you have taken responsibilities on things that only few take is reason enough for you to consider as a pathway for self-realization.





Business entrepreneurs are specifically knowledgeable of the opportunities that lay in their paths. They are keen to various chances in pursuing growth in areas like professionalism and personal development.





Some may not actually realize the extent of their progress. Nevertheless, once something is changed in them and that something has changed towards good, there is absolutely a degree of productive change which whether they choose it or not, will be applied to other things important to wholesome living.





As we have repeatedly implied, the opportunity for personal development is high in the business world. Business entrepreneurs, to be able to meet success, should have a good combination of attitudes, skills, beliefs systems and training. All these would work together towards extending product services to those that need them.





People who have been through extreme hardships are those who are most beautiful. They have learned to take risks and turn those risks into opportunities. They have learned to compromise their present leisure in exchange for future growth. They have learned to welcome failures and prove other people's doubts wrong. They have learned through their everyday business battles that it is always too late for giving up.



This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Peter Burns Entrepreneurship in Action




Have you heard of the name Peter Burns? If you are familiar of him as one great entrepreneur, then your guess is right! Peter Burns is an acclaimed millionaire and entrepreneur who also teaches the subject Entrepreneur 101 in ASU’s Barret Honors College for over a year.





There are likewise news that circulates that he may team up with the Grand Canyon University this coming May for its launching of the College of Entrepreneurship. Asked as to why he preferred to team up with another school instead of ASU, it appears that Peter Burns first suggested the idea to the ASU but the school seemed uninterested. It was Grand Canyon University who took interest to launch the said proposed degree program.





It appears that Peter Burns is not at all disappointed with ASU’s decision but who knows what really plays on his own mind? He further stressed out that ASU’s decision is right. After all, he knows for a fact that it is not the sole endeavor of a business school.





Out of the reputation harnessed by Peter Burns pops up several other endeavors from other colleges to particularly enhance the students’ capacity to do business. More and more trainings and seminars on entrepreneurial management are coming out here and there in the whole of America. This only shows that the Americans have finally realized the value of molding a potential entrepreneur. And they have visualized that it may be started upon within the confines of the schools.





Imagine yourself being the boss. You control the business. Moreover, you own the business! In fact it is everybody’s dream—to be the owner of the business and to be your own boss! A lot of American people do not want to be lorded over by somebody. And throughout the crowd of college students, being one great entrepreneur is one of their wildest dreams ever.





Being an entrepreneur yourself will allow you to bring into your own pockets tons of handsome income. More than ever, incoming college students already foresee themselves as successful entrepreneurs in the future that is why when they step into the portals of the university, they often take up business-related courses as one stepping stone towards their dreams.





It is without a doubt that Peter Burns’s entrepreneurship ideas are influencing the minds of the college students. More so, the schools administrators have already awakened to this kind of scenario and benefit for their students.





So why are students more inclined into becoming successful entrepreneurs in the near future? Among the reasons are as follows:





There are several colleges that now offer programs which are related to entrepreneurship whether inside or outside of the business schools so as to achieve the goal of preparing their students in their dreams of starting their very own companies in the near future.





More and more students are getting serious with their chosen fields as inspired by personages such as Bill Gates, Walt Disney, and Michael Dell who are all successful businessmen in their own rights.





There are a lot of people who are surrounded by family members who are business owners themselves therefore all the more motivating them to become one.





The students of today’s generation are more conscious that wealth can only be gained if you know how to work with investments and profits.





They are likewise very much aware that with only a little capital, business can already be put up and just to be expanded when the fruits seem to be advantageous.





To date, the number of enrollees in entrepreneurial degrees is escalating and is foreseen to still commit to a higher growth in the coming years. When asked about the factors that influence them to become entrepreneurs, students make mention of their parents, relatives, idols, and mentors. That is why in these days, it is no longer a shocking news to know that students immediately start building their own companies right after graduation. Some of them even team up with pals and former classmates in getting on with the business.





The education about entrepreneurship that is inculcated into the young minds of the students motivate them to always strive for the best and be open to all the angles and possibilities of the business industry.



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Why it is Vital for an Entrepreneur to Get a Network of Business Opportunities




The best and successful entrepreneurs will simply give out the advice that communication is very vital when starting up with any business opportunity at hand. The image of the business opportunity needs to be boosted up and will be a sort of positive guide to come up with networking. In such manner, the business will gain a good reputation as its image is being built up. Moreover, networking will provide your business with a good shot particularly for the benefit of the target consumers you are eyeing on. It will be best to read up for some guides on how to start things up.





So how should you get on with networking? How do you start? Where do you start? Before you release a dollar from your pocket, you first must consult the experts. Take some time to investigate and research. Go to the library. Surf the internet. Simply bear the words research, research, and research in your mind and discover if entrepreneurial opportunities are fit for you and learn the ways to deal with the trade the successful way. Furthermore, evaluate and analyze your own self as honestly as possible. Do not entertain biases.





First things first. Make a list of all the pros and cons regarding your business ownership venture. What are your characteristics and personal qualities that you think will make you a potential entrepreneur who will be successful in the craft? Is your financial position stable and tough to be able to manage the impeding competition? Do you possess the needed management and technical skills? Remember that you cannot be the most perfect entrepreneur there is in the field but you can always strive for the best. Therefore start up conceptualizing how you would market your business through networking.





Some of the Basic Steps to Deal With





Come up with a feasibility study of your proposed business. Don’t forget to include and describe the typical customers you are targeting on, the product you will be marketing, the percentage of the competitors that you will be sharing the floor with, the product suppliers that you will be negotiating with, and the rate that you will be charging for your product.





Draft the complete list of the business plan intended for your company utilizing the data that you’ve gotten from the feasibility study that you’ve conducted. This must include the description of your business, its missions, objectives, and goals, the competitors, the type of target crowd in the market, all of the financial data needed, and lastly, the manner on how your goals will be materialized.





Set up a definite plan to stabilize your finances. Think about securing loans, making use of credit cards, or any of your personal savings.





Decide on the structure of your company. Will it be a sole proprietorship, incorporation or partnership?





Carefully decide on the name of the company and ensure its availability. As tested by many, the name itself influences the flow of the business and the outpour of the customers.





Decide on how you want your company to be registered. Will it be federally or provincially?





Contact the necessary agencies that will process your business registration. Secure the important documents and licenses as well.





Think about the materials that you will need for networking and marketing purposes such as company stickers, identity packages, press kits, and the personal company website. The identity package will have to include your business cards, logo, and letterhead. The press kit includes in line the press releases, letters of introduction, biography sheets, brochures, and articles. Today’s age is technologically-operated so printed materials would not suffice. It pays off to put up a website.





Purchase the needed insurance. For your business and employees’ benefits, there are several kinds of insurance to choose from. Insurances are needed for security reasons.





Make a system of keeping track of your finances and bank accounts. This will likely make the record-keeping stable and convenient.





Decide on the location of your business. Will you be leasing? Or is it your own property? Where will you locate it?





After you’ve learned of these steps, better get up now and start working on their realization! Remember that any business opportunity must be well-thought of and carefully carried out.



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