Starting your own business at 18

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Avatar for Danny2000
4 years ago

As we all know,the journey to financial security and stability isn't a very smooth one,rather its filled with huddles and series of challenges.

While many young adults view age 18 to 24 as a time to have fun,and enjoy whatever life throws at them,you can take the bold step and set on the path to financial security by growing your own business.I admit its on easy,I mean considering all the distractions that plague teens at this age,some might say growing a business is almost impossible,but deep down we all know that's not the case.Growing a business is very doable and I must confess in the long run the benefits will be massive if the process is followed diligently.

  1. First off,you need to get the right idea.Growing a business is a process, its marathon not a sprint.You have to tame your mind so as not to jump into this race hoping to see an immediate change or breakthrough in your financial situation,that's not always the case.Growing a business needs consistency, planning and experience.This experience is born through series of experimenting and failures.So rather than quit when things get ugly,see the situation as being a part of the process.

  2. abcidimg on what business venture that suits your standards.Don't just start a business because you heard about it somewhere and you heard about how much it pays.What you fail to realise is that,it took time,patience and dedication for that business venture to get to where it is today so don't be fooled,it's not all that easy.Make sure whatever business venture you embark on appeals to your strengths,and character.That way,managing it wouldn't be too tasking.

  3. Start a side hustle.Every business needs funding in order to for an effective kick off,thus the need for a side hustle.A side hustle helps you in coming up with funds for your business.It also helps in honing your strengths and capabilities, thereby improving your character and qualities preparing you for the tasking job of running your own business

  4. Start as soon as possible.Delays sap you of the zeal and energy required to start up a business.Once all the parameters are in place,try as much as possible to start.Keep waiting for the right time and you'd one day fond yourself out of time.

  5. Be patient with it.Just like all other endeavors, there'll always be challenges in the course of running your business,and so patience and diligence can never be overemphasized. Most youths in this digital system are just too impatient,and expect results like yesterday.According to Bill Gates

    "Most people overestimate what they can do in one year,and underestimate what they can do in ten years"

  6. Make money.This is the most part,we're all in business for the money.Like I stated earlier,we're in the path to financial security. Once the point of running a business if you're not generating revenue.Try as much as possible to be innovative.Market your products to the best of your ability and always remember,people don't buy products,they buy emotions.Always bring something new to the table,find a bettger way of presenting things and you'd be shocked how far your business can go.

    I'd love to end this article here.And always remember,every penny is very important when starting a business.Don't just work hard,work smart.

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Avatar for Danny2000
4 years ago

Comments

I believe in "the sooner the better"

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4 years ago

Early stage yields to better results later

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4 years ago

Very true

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4 years ago