Launching a small business can bring big returns. But it’s anything but easy money. Running a firm takes stamina, creativity, discipline – and sometimes, even physical work.
For kids who want to get started right away, USA TODAY polled successful entrepreneurs and small-business experts for advice. Their tips:
– Don’t let shortcomings thwart you. Everyone – from those with learning disabilities to those earning national scholastic honors – has the ability to become an entrepreneur.
– Expand upon your interests. “Find a task (or) work you like and that is in demand.
– Scour for savings. Leanna Archer of Leanna’s Inc. surfs the Web to find the best prices on everything from ingredients to product containers.
– Price wisely. “Feel around and see what other companies are charging,” then price competitively.
– Don’t overinvest in supplies/equipment. “Allow your business to grow, and then grow your equipment into your business.
– Promote your business and yourself. “Seek business; do not wait for it to come to you.
Photo by USA TODAY.