Necessity may be the mother of invention and in a job market that’s particularly tough on teens, it may also be the mother of a business. Who knows? With lots of luck, that business could be the mother of millions like Sean Belnick’s Bizchair.com, the office furniture supply business he began at age 14. Now 22, he’s worth an estimated $50 million.


While it’s likely not too many budding entrepreneurs will end up like Sean, with perseverance and a well thought out plan, a teen can take his or her place in the business world. Remember: teen entrepreneurs have a huge advantage over their older counterparts, because there is no risk involved at trying to start a business at an early age. Here are some time-tested tips to get them started.
Learn From Failures

Starting a business young is, of course, no easy feat to accomplish. Teen entrepreneurs should remember that even though their first attempts may fail, they must never give up on their dream. Learn from failure and make the necessary changes required to create a solid business.

Don’t Overlook Resources

Resources and opportunities may surround a teen without their even knowing it. It is a teen entrepreneur’s job to take advantage of such prospects and put them to good use. Teachers, professors, friends, family, and all of their connections offer potential opportunities to get educated and connected. Read up on material at the local library and use the Internet to gather valuable information.

Be A Joiner

Teen entrepreneurs should join clubs and groups that they are interested in and ones that are related to their business ideas. Clubs, groups and teams provide both useful connections and, hopefully, help as well in starting a teen’s business.

Spread The Word

A great way for teens to get their business’ name out is to create a professional logo and start putting it on things, such as T-shirts and hats, business cards and posters.


Make A Plan

One of the most crucial aspects of any business, especially a beginning business, is a financial plan. A young entrepreneur needs to know how much money is coming in and where that money is going. This step will be one of the most challenging for most teens considering that the average teen mindset is to spend money right after it has been earned.


Find Cheap Or Free Help

A teen starting up a business most likely will have very little capital and need to get peoples services for free as much as possible. Enlist talented friends and family members to lend a hand. You might be able to barter with them for design and other services you need to get started. Massive amounts of capital are not always a necessity in starting a business.


Don’t Waste Time

Time is precious and downright priceless in business, so don’t waste it. Having a daily planner or schedule is a helpful way to stay on task and also a place to job down thoughts or new ideas.

Seek Out Advice And Support

A young entrepreneur should know that starting a business solo is not a simple task. Rely on family and friends for support. Never be afraid to ask questions or favors of people. Remember that with age comes wisdom, so enlisting the help of someone older can be a great tool in starting up your business.

Don’t Fear Risk

Never be afraid to take on challenging tasks. Remember that there is nothing to lose and everything to gain. Teen entrepreneurs should attempt to challenge themselves by making an effort to raise their business to the next level. A business will never grow if a certain amount of risk is not taken.

Author Bio:
This guest post is written by Eric Nacul, a tech enthusiast who enjoys writing freeware reviews at BestFreeOnline.