I am 19 years old and I want to start a business. I am highly motivated and hardworking, yet I just can't find a good business idea. Any advice or suggestion?

Updated on : December 8, 2021 by Ahmad King



I am 19 years old and I want to start a business. I am highly motivated and hardworking, yet I just can't find a good business idea. Any advice or suggestion?

The first thing to understand is "what is the core of a company?" the answer is "sell something."

A business is a collection of assets and people who work together to grow and sell more profitably.

So your basic question should be "what should I sell?"

Most people sell their time, this is a self-employment opportunity, not a business. Selling your time has no scale, so you want to sell someone else's time or a product ideally later.

If you are going to sell a product, the question is what product should you sell? It helps to start with something easy and the easiest.

Keep reading

The first thing to understand is "what is the core of a company?" the answer is "sell something."

A business is a collection of assets and people who work together to grow and sell more profitably.

So your basic question should be "what should I sell?"

Most people sell their time, this is a self-employment opportunity, not a business. Selling your time has no scale, so you want to sell someone else's time or a product ideally later.

If you are going to sell a product, the question is what product should you sell? It helps to start with something easy and the easiest thing to sell to someone is something they are already buying.

Now, it's not enough to sell them something they're already buying, you need to be able to do it profitably, which means you need to be able to buy it for substantially less than what you're selling it for. In theory, you could do this with anything, but the easiest way to start is to sell something you already know to people you already know, so take a look at the people in your social circle and see what they buy.

What kind of clothes?
Media?
Entertainment?
Electronics?
Furniture?
Vehicles
Food?
Etc.

These people should be your first customers that you can get market feedback from.

Now, based on which of these things you already know or are interested in, start investigating how you can get the products for much less than what people are already paying for them. (All things being equal, you can sell to people you know things they are already buying for less than they will buy from you and you will benefit from the difference and start growing your customer base as well as everything you can sell to your customers).

That is a basic starting point that will allow you to earn money quickly and have a base to grow on.

I hope that helps.

Michael Rosmer
www.richucation.com

If you don't have a business idea, do nothing and save money for startup capital until you do. Because, to be frank, I can hire an illegal alien outside of Home Depot and they will work very hard. In business, hard work is not a special skill, it is the bare minimum of what is necessary, because almost everyone who competes against you also works hard. To be successful, you will need an edge over the competition. If you don't know what that advantage is, you probably don't have one.

One of the best ways to start a business if you are focused on work rather than ideas is to buy a franchise. Franchises start in a few thousand and go up to hundreds of thousands of dollars.

The best way is to partner with someone to do this. Gather your friends to buy the business together. You take a salary and they earn with the profitability of the business.

From this, you can learn the skills to run a business.

Which skills do you have? The most successful companies in history have in some way appealed to the particular skills of their creator. Your only option is to evaluate what you are good at.

Never start a business. Be the business.

1. Don't be original
Picasso said "good artists copy, great artists steal". Find the most successful people in what you want to do and learn about them. Read his books, read his autobiographies, watch his keynote speeches. Imitate everything good. Make a list of the 10 companies and the 10 people that inspire you the most, and KNOW THEM MORE THAN THEMSELVES. Imitate him and pretend until you make it. Only then can you allow yourself to be original and build from there.

2. Stop reading what's relevant
Find articles about industries you know

Keep reading

Never start a business. Be the business.

1. Don't be original
Picasso said "good artists copy, great artists steal". Find the most successful people in what you want to do and learn about them. Read his books, read his autobiographies, watch his keynote speeches. Imitate everything good. Make a list of the 10 companies and the 10 people that inspire you the most, and KNOW THEM MORE THAN THEMSELVES. Imitate him and pretend until you make it. Only then can you allow yourself to be original and build from there.

2. Stop reading what's relevant
Find articles on industries you don't know about and educate yourself. One day I'm reading about the app industry, the other about the porn industry, the other about the oil industry. Even if you do nothing about it, you will learn from each field, and when you find your direction, your knowledge of learning multiple disciplines will make you an outlier in your profession.

3. Focus on failure instead of success
Stay away from books that focus on success. They will fail you. What you need are books that study both success and failure. If failure is the way to learn, then how can you improve with books that focus on success?

4. You succeed when you learn less.
Do you know how I learn? I read a book that teaches me everything about a certain topic. Then I go to Amazon and look for related books. I read them too and learn less. I learn less with each new book. When I start to have a de jau vu and read about the same things only explained from different perspectives, I know that I have started to learn, because like a puzzle I have finished all the extremes and now when I have the basic framework, I can go deep and focus. in the real.


Invest in yourself to get the best return on investment. Make self-improvement your 1 # business. That's why I said never start a business, because everything you will do in your life: a new company, a website, a market position, it all depends on you. And since you are a business, all you do is not the start of a business, but a continuation of it. And that's why you should never start a business, but build the one you already have, which is you.

I want you to understand how exciting this moment is for you. Never in history have there been more opportunities for you to start your own business. I went from 1 source of income to 5 (!) In a year ... and I have more to come ...

But let's dig deeper and start by defining your question (as it is in two parts): either your emphasis is on building a business or your emphasis is on generating ideas.

Warning! This answer will definitely not be popular as it is not a cool story with a nice quote and an amazing joke. And yes, it will not be voted on by thousands. Why? Be

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I want you to understand how exciting this moment is for you. Never in history have there been more opportunities for you to start your own business. I went from 1 source of income to 5 (!) In a year ... and I have more to come ...

But let's dig deeper and start by defining your question (as it is in two parts): either your emphasis is on building a business or your emphasis is on generating ideas.

Warning! This answer will definitely not be popular as it is not a cool story with a nice quote and an amazing joke. And yes, it will not be voted on by thousands. Why? Because most people want to know the "secret". "What is the secret of your success?" They ask.
The answer: plan. To carry out. Feedback. Review the plan. Do it again.
And yes, it requires some real work. If you agree with that, you will love the result you will get from my advice.

I will assume that your goal is to create a business. If so, follow this process:
A) Make a list of the following:
1. What you are good at
2. What you like to do (your interests)
3. What you don't like to do

The purpose of this list is to raise awareness about you and your situation. It will help with the next step. Don't skip this. Take it seriously ...

B) Look for the problems that people and companies are having. Don't think about what you can offer right now. Just focus on the problem these people are having and the result they are looking for. Trust me, do this and you will find a lot of ideas. You will also discover that good ideas cost a dime a dozen. What happens next is the hard part.

Side note: remember the ABM (newly invented) rule: Nobody cares about Attribute, they care about Profit, but more important is Meaning. Example: HD-TV (attribute) -> higher screen definition (benefit) -> more pleasant TV experience (meaning)

Still with me? Nice! Let's go...

C) At this point you should have a list of people and companies with problems and results they are looking for. Now create the basis for your business and your sales pitch. Answer these questions:

1. Who is it for?
Don't just say dry cleaners. Explain why.
Example (short version): companies without IT staff.

2. The why, how and what (Courtesy of Simon Sinek)
Perhaps the most important thing you do. This right here separates the business of "I earn a decent living but I have stress" and the business of "I buy a Ferrari for my cat."

Why: Why are you in this business? What is the problem out there?
Example (short version): the websites are too complicated. We wanted to create websites that everyone could use.

How: What separates you from the other people who do this? Don't just say, "Through consultations, seminars, etc., etc." It does not differ in any way.
Example (short version): Creating websites on a drag and drop platform that eliminates the need for coding.

What: What exactly do you do and give to customers?
Example (short version): fully functional, ready-to-use websites that do not require prior computer skills.

This also becomes his elevator pitch ...

3. What are the benefits?
Remember the ABM rule and use it here.

D) Start helping people. They won't find you, so you have to look for them.
Ideas:
1. Put a simple Facebook plugin where you offer people free suggestions that they can implement. Also give them an alternative where they pay you to do everything for them.
2. Go to your local businesses. Focus on the value you can bring and the result. Don't talk about yourself or what you've done before.
3. Open any newspaper. Look at the ads. Call the right companies. (They are already looking for more sales)
4. Go to groupon. The same here. look at the ads. Get in touch with customers.

E) Scale.
Once you get up and running and connect with more and more customers, your business will grow. You will find out the rest later. So don't worry about the paperwork just yet. Get started with these steps and get that first customer.

Summary:
Aaah, I love this !! You could go on talking about tactics, how to build an automated business and get a steady stream of customers, but you haven't done that yet. Get started with these steps and you will see great things happen.

And remember: there are no secrets.

Please let me know if this was helpful.

/Said

I was you I am now 67 years old and I own a business worth around $ 5mm that I started from scratch from home with $ 75 about 15 years ago. We employ about 10 people and sell hearing protection products.

Here are the principles I would tell you to follow:
First, become a business professional. You can learn yourself, or you can go to school, but you must learn the principles and practices of business or you will fail in any endeavor you make, no matter how good an idea you have. The basic elements of the business are, roughly in order of importance:

  • marketing
  • Finance
  • operations

Marketing cannot be contracted. If I

Keep reading

I was you I am now 67 years old and I own a business worth around $ 5mm that I started from scratch from home with $ 75 about 15 years ago. We employ about 10 people and sell hearing protection products.

Here are the principles I would tell you to follow:
First, become a business professional. You can learn yourself, or you can go to school, but you must learn the principles and practices of business or you will fail in any endeavor you make, no matter how good an idea you have. The basic elements of the business are, roughly in order of importance:

  • marketing
  • Finance
  • operations

Marketing cannot be contracted. If you want to be a business owner, you must be the marketing expert for your business. You can easily hire finance and operations professionals, but you also need to understand these disciplines to avoid being misled or misled.

Second, keep it simple. There are four general types of businesses:

  • You can choose to make a product (very difficult)
  • provide a traditional offline service (easier to get started, but harder to grow)
  • create a digital product or service (almost impossible unless you are properly positioned as a programmer and connoisseur)
  • you can become a reseller (easier to start and grow)

You can combine these four in a number of ways, but each time you do, it will generally make your business less likely to be successful. Focus will win the day. It hardly matters what you decide to do in business. Examples of successful people abound in all of these types. I have tried all four and the only one I have been successful with has been as a reseller. We do not do anything. We buy in bulk from manufacturers (those who make the products) or larger resellers (called distributors or traders), then we sell in small quantities to end users or smaller resellers. By using an e-commerce store based on the Yahoo Store platform and focusing on the basics of our business, we make a lot of money in a solid and reliable company, day after day, year after year.

Third, look for the invisible opportunity. A banker once told me that "everyone thinks they can have a restaurant or a clothing store." As a result, these two types of businesses (the restaurant is a service business and the boutique is a reseller business) are always highly controversial and almost always fail. I once knew a guy who rebuilt gas pump nozzles. He had 4 employees and was making a lot of money. He had no competitors because his was an unconventional business. Open your eyes and your mind to look for the unusual business.

We sell earplugs and are the only specialty earplug store in North America. Look for the problems that people and companies have, to find the hidden opportunities that you can turn into a business. Do you need to clean your grease traps? How can a homeowner clean their blinds? Who do you call when you need a babysitter on instant notice?

I suggest starting service companies, especially dirty work companies, because you can do them right away. Start looking and doing. Don't worry about making money in the beginning. Get the jobs and do them for free if necessary. Think of this as training and learn what it is worth to your clients. Get them excited and ask for referrals. Then, as your service business grows, look for related reseller opportunities. If you're having trouble finding enough cleaning rags or special tools that you need to get the job done, others will likely do too. That could indicate a reseller opportunity. You can continue to operate your service business while trying to launch a separate reseller business. Don't combine the two or you risk ruining both.

Whatever you do, continue your education to become a true business professional, so that when you find your opportunity, you have the knowledge to manage it.

Good luck. Keep trying and you will succeed.

Be okay ... and do the right thing.

Thomas

Wow!

First, make sure you really want to start and run a business, which is a matter of risk, effort, and time, rather than simply being an entrepreneur, which is a matter of status. It's like asking if someone who wants to be a rock star really wants to play music (which is mostly practical), or someone who wants to be an athlete really wants to play sports.

Being in business for yourself is a lot more work, with more risk, less guidance and less support, than working for someone else, or if you are lucky enough to have a lot of money, more work than sitting down or spending your money. , or wit

Keep reading

Wow!

First, make sure you really want to start and run a business, which is a matter of risk, effort, and time, rather than simply being an entrepreneur, which is a matter of status. It's like asking if someone who wants to be a rock star really wants to play music (which is mostly practical), or someone who wants to be an athlete really wants to play sports.

Being in business for yourself is a lot more work, with more risk, less guidance and less support, than working for someone else, or if you are lucky enough to have a lot of money, more work than sitting down or spending your money. , or with apologies to my investor friends, more work than investing your money in someone else's.

When I was young I wanted to be an astronaut, an architect, a musician, a computer programmer, and a writer. Probably some other things too. It's so much easier when you're young, older people love to help you figure things out. So my parents arranged for me to spend a couple of days in an architecture office observing and helping. I sat in my father's oil office and accompanied him to the drilling rigs. I met some artists, I spent a couple of weeks in a computer store helping them.

If you're not that young, people might not be that excited about you dating, but they will if you can be helpful. Anyway, what you would do if I were you would be to explore a lot of other people's businesses before starting your own. Do you have friends in a business or do you have any skills? For example, if you can build a table, most restaurants would love if you could come in and fix all of their tables. If you know accounting, many people would be happy if you could help them prepare their books. Ask if you can help, visit, practice. Explore many different businesses, a restaurant, a retail store, a bank or insurance company, a construction company, a consultancy. See what makes them work, what the working conditions are like. Is it okay to be in a tall office building in front of a desk all day? Do you want to interact with customers? Is it important to work with your hands, be creative, travel or be outdoors?

Eventually you will settle for something that you are good at and that you are passionate about, that makes some money, that is in demand, where you enjoy the people you are working with and the actual tasks that you do every day and the environment in which. what do you do . Something that makes you want to wake up in the morning earlier than you would. Also, the broader mission, what are you doing for the world? All of that depends on job satisfaction, whether you are the boss or anyone else.

Let's replace the word "Company" with "Family". So your question becomes “I am 23 years old and I want to start my own family. I don't know anything about starting a family. How do I start a family? Well, how to "start a family" is similar to how to "start a business." At 23, you've likely never worked at a company, never known much about a particular trade or industry, never started a business before, and never made too much money from clients. Therefore, it is difficult for anyone to say this, but the only way to "start a business" is to "improvise", or just DO IT. You will learn by

Keep reading

Let's replace the word "Company" with "Family". So your question becomes “I am 23 years old and I want to start my own family. I don't know anything about starting a family. How do I start a family? Well, how to "start a family" is similar to how to "start a business." At 23, you've likely never worked at a company, never known much about a particular trade or industry, never started a business before, and never made too much money from clients. Therefore, it is difficult for anyone to say this, but the only way to "start a business" is to "improvise", or just DO IT. You will learn by making mistakes, you will correct them and you will live another day.

"Starting a business" is a lifestyle, not an action or plan. Either "you start a company" or "you work for someone's company." There really is nothing in between.

If someone tells you "don't do it", they are right. If someone tells you "do it", they are also right. It is YOUR LIFE, and you are free to decide whether you want it to be a "starter life" or a "comfortable and regular life". The rewards are different. In the life of a startup, you become wise and mature quickly, but you will never feel comfortable. In a "normal" life, you will never worry about the next month's paycheck, but you will never be exposed to so much knowledge.

Visit my website Seven Parallel Consulting | Helping Startups Succeed | Chicago if you want some clarity.

There are two cases where you ABSOLUTELY MUST NOT start a business.

If you suspect that building a business is COOL, then don't do it.

If you want to be rich, don't do it. These are the two absolute cases where you should NOT start a business. Starting a business is not great and it will not make you rich in the vast majority of cases. Just like playing basketball is a dead end career for most talented players, even if Michael Jordan is cool and rich.

Thanks for A2A.

Okay, it's great to know that you want to start your own business.

There are many options. Let's see some.

  1. Affiliate marketing

Affiliate marketing involves having your own site and sending your traffic to someone else's site to purchase their products or services. For every sale initiated by a link from your site, you will get the percentage of the sales commission. This is one of the best business ideas for women.

How to Start an Affiliate Marketing Business: Detailed Guide

  1. Blogs, e-book writing

In today's world, blogging is the most powerful way for both individuals and businesses to connect.

Keep reading

Thanks for A2A.

Okay, it's great to know that you want to start your own business.

There are many options. Let's see some.

  1. Affiliate marketing

Affiliate marketing involves having your own site and sending your traffic to someone else's site to purchase their products or services. For every sale initiated by a link from your site, you will get the percentage of the sales commission. This is one of the best business ideas for women.

How to Start an Affiliate Marketing Business: Detailed Guide

  1. Blogs, e-book writing

In today's world, blogs are the most powerful ways for individuals and businesses to communicate information distinctively online. Blogging is one of the best home business ideas for women. If you like to write and know the technique of making e-books, e-book writing is one of the best business ideas for women. You can start selling these e-books from your website, blog, or from amazon too

3. Boutique Store, Fashion Design, Fashion Design Institute

With the growing awareness of fashion and trends, the market opportunity of the boutique store has increased rapidly. The boutique store is one of the great potential clothing business ideas for women.

Women who have knowledge and experience in fashion design can start their own business with a moderate capital investment.

The fashion design institute business opportunity is perfect for entrepreneurs who have sufficient subject knowledge, artistic mind, and adequate course experience.

4 CRAFTS STORE

Setting up a craft store is one of the most profitable business ideas for women. Getting the craft items from the artisans and selling them in your own store is always a self-rewarding business.

A basket weaving business requires careful planning and a high level of creative mind with a talent for design.

The candle making business can be started with a small initial budget and at home. The popularity and consumer demand for scented and decorative candles creates a great business opportunity.

The business idea for making greeting cards is perfect for those who enjoy creativity and want to turn their creative minds into a successful company.

The glass etching business is an artistic and lucrative business idea that can be started from home. A creative-minded entrepreneur with a passion for etching can start this business with a small capital investment. The custom glass etching business includes products such as gifts, awards, and decorative items for domestic and corporate commercial clients. The glass etching process is simple and you can try various methods to get an elegant and beautiful etched item.

Soap making

A person with a passion for craftsmanship can start a home soap making business with a comparatively low capital investment. You can start making decorative specialty soap and start selling to your local community or online as a gift.

5 .Clixsense

How to make money; It goes without saying that there are some areas in which a person can earn money without any limitation. Through Clixsense, you can earn at least 5,400 / - per month by spending just 3 hours a day on your PC or smartphone.

Clixsense review: step by step guide to make money online

6. Beauty salon

The beauty salon business opportunity requires adequate knowledge and skills. This business can be started on a small scale with moderate capital investment.

7.Consulting

If you are an expert in a specific field and you like to help others, then business consulting is perfect for you. The consulting business is one of the best home business ideas for female entrepreneurs and can be started at little or no cost.

8. Nursery

The number of working women, workers and business owners has increased rapidly. And this creates an opportunity for the business of convenience services like a daycare. One of the highly profitable business ideas for women entrepreneurs and can be started from the place of origin.

9. Gym

The gym business opportunity requires careful planning and research. It is an industry that continues to be a lucrative market opportunity for small businesses and entrepreneurs globally.

10. Interior design

Having knowledge and experience in interior design, one can start this company from a home location with a low capital investment.

11.Photography

A knowledgeable and passionate photography entrepreneur can start this business from a home location with just a camera and accessories. Photography is one of the most profitable business ideas.

12. Tourist guide.

There are many women who could be the best tour guides. And the tourist would prefer a female tour guide over a male guide. With a low investment and incredible exposure, it could be for you.

13. Online tutorials

Many people share their knowledge and experiences online on YouTube. For example, ROMAN Saini helping students prepare for civil service. Or you can give fashion tips, beauty tips online.

14.Translate

Translation is fast becoming a web-based business of great potential that offers opportunities to earn money online. With increasing network connectivity and globalization, knowledge and understanding of other languages ​​have become extremely vital in keeping pace with society.

15.Web design

The web design business opportunity is perfect for those who are expert website design professionals and have basic knowledge of HTML coding, graphic design, and copywriting. The different areas of the web design business include graphic web design, interface design, user experience design, web development, and search engine optimization.

16. Wedding planning, shaadi mubarak

The wedding consulting business can come naturally to someone who is organized and focused on the details. In the last decade, the need for professional wedding consultants has grown exponentially. Today, people are often too busy juggling the demands of their professional and personal lives to oversee the details required to create the wedding of their dreams. In fact, that has created a huge opportunity for an entrepreneur considering entering the wedding consulting business.

17. bakery: bake breads, pizza dough, cakes, cookies at home and sell them online or at some stores near your home. I desperately want to do that as I love to bake. You should try it.

I must warn you that you should not limit yourself to the above ideas. There are no gender biases in the business ecosystem. If you feel confident, you should try any business project you believe in.

The best way to get started is to find a mentor for a specific business you may want to start. A must-have criteria for a mentor should be someone who has done it and done it well in that particular business.

Now you might ask, what if you can't afford a mentor? To be clear, most business owners are now willing to give free advice to someone who wants to start a business. They may offer some free courses and webinars so you can get an idea of ​​where to start.

Another way to get information from them is by subscribing to the newsletter and report. Most of these subscriptions are free.

Now I hig

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The best way to get started is to find a mentor for a specific business you may want to start. A must-have criteria for a mentor should be someone who has done it and done it well in that particular business.

Now you might ask, what if you can't afford a mentor? To be clear, most business owners are now willing to give free advice to someone who wants to start a business. They may offer some free courses and webinars so you can get an idea of ​​where to start.

Another way to get information from them is by subscribing to the newsletter and report. Most of these subscriptions are free.

Now, I highly recommend starting an online business. These are the reasons:

  1. Low or no cost
  2. Global access, open 24 hours a day, 7 days a week and throughout the year, through automation.
  3. Flexible - you can start anytime, anywhere

Here are some profitable online businesses that you can start with little to no money.

  1. Dropshipping: If you love physical products to sell.
  2. Affiliate Marketing - Selling other people's digital information products, such as tools, software, e-books, audio files, and video files.
  3. Blogging: if you have experience or interest in a certain topic. One way to monetize blogs is through ads posted on your blogs.
  4. Online Video: There are many tools for video editing that you can use even if you are a newbie.
  5. Information Products: You can create e-books, audios and videos on a certain topic, how to guide and content for another company.

I hope that helps..

At 18, I think the best thing you can do is join a startup that is in the earliest stage you can find. Find a place to fit in and be among the top 5 employees.

You will learn a lot about what is needed and have the opportunity to learn from the founders. You will form opinions on marketing and fundraising, on hiring practices and interviews, etc.

You have the first part nailed: assume you don't know anything. From here, understand that you will never know everything there is to know about any topic. If you feel like the smartest person in the room, you are in the wrong room.

Ask questions

Keep reading

At 18, I think the best thing you can do is join a startup that is in the earliest stage you can find. Find a place to fit in and be among the top 5 employees.

You will learn a lot about what is needed and have the opportunity to learn from the founders. You will form opinions on marketing and fundraising, on hiring practices and interviews, etc.

You have the first part nailed: assume you don't know anything. From here, understand that you will never know everything there is to know about any topic. If you feel like the smartest person in the room, you are in the wrong room.

Ask questions when the time is right. Don't ask when they occur to you; instead, make note of your questions, do some research, see if you can figure out why you think the answers are. When you have a few saved up, ask them over a meal or a drink with the founders.

Pick the right founders to work for. If they don't want you to be successful enough that they're investing in your startup someday, keep looking.

Read. Read more. There is very rarely One Right Answer.

Finally, the biggest lesson you'll learn working in someone else's startup is how to make the trade off between how you want things to be and how they need to be for now in order to move things forward. That's a hard lesson, and one best not learned on your own fledgling startup.

Learn all this in the next 3-4 years, and you'll have a tremendous advantage over others in your age group who thought they'd learn what they need to know about entrepreneurship in college. You learn this stuff on the job, period.

Good luck!

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