Setting up a business, starting a musical or artistic project, or taking up a new hobby. What should a child do if he/she wants to be a young entrepreneur while studying at high-school or college?
Lemonade Stand, a revolutionary digital platform for kids and students, shares some useful tips to help you work on and achieve that idea you have in mind. Keep reading to know how you can start and become a successful entrepreneur.
1. Start with What Excites You
Antonio says that the first thing you should think about is whether you are really interested in what you are going to start. That may be a hobby, a business, and even a professional activity.
If you’re just doing it for the sake of doing it or accomplishing something, you start to lose track of where you’re going. Hence, it is necessary to do something you feel comfortable with. The reason is that your effort and attention to the project or hobby depends heavily on it.
2. Determine the Purpose of Your Project
Another aspect that you should take into account, according to the expert, is to define the reason why you are starting your project.
So, it is good to define what your project will bring you, whether it is an economic, social or emotional benefit. It is one of the significant things you should do.
By being clear about your goals and what you want to achieve, it will be very difficult for you to become disheartened despite criticism or questions.
3. Assess Your Strengths and Prepare for What’s Ahead
No one knows you better than you. It means you need to be honest about the strength (your knowledge and skills) you have. And beyond this, plan how to use them in your new project and succeed.
According to Antonio, knowing your preferences, interests, and capabilities is one of the first and most important steps to starting something, like a business.
4. Age Shouldn’t Be a Factor – Ignore It
There may be some obstacles when undertaking a personal project and one of them may be your age.
Sometimes people may uncertain whether you have the experience when studying your degree, but you shouldn’t get discouraged.
Sometimes you may not believe in what you are doing, and the reason behind this is your age or maturity. However, you have to be consistent in your approach and take advantage of the opportunity to succeed.
5. Identify What Inspires You
Whether it’s on videos, blogs, or even social media, looking for stories from people who have done things similar to what you want can inspire you. However, you can also find the source of inspiration in your family members or surroundings. Business networking is also beneficial that can open up new opportunities for personal development and motivation.
Remember that you shouldn’t be discouraged by stories of people who are more successful than you. Instead, you need to understand their stories and learn from them.
In fact, there will always be someone in life who is ahead of you. So, you don’t need to focus on catching up with them, but you need to move at your own pace.
6. Maintain Firmness and Stay Steady
As mentioned earlier, consistency in your approach to a business or anything is the key to success. Otherwise, it can be easier for you to get discouraged.
You can hear stories of people who undertook personal projects and turned them into successful ventures. You will definitely find that such people are firm, consistent, and determined – the best aspects of their personalities that make the difference in their lives.
7. Become a Risk Taker and Shine
Another aspect that the expert mentions is taking the risk of starting your new project or venture in quest of someone who will support you.
You can be a risk taker by preparing yourself mentally from the very beginning. You are guaranteed not to win at the start, but once you find your nerve, you will have a world of smart opportunities. So, take the risk and succeed.
8. Remember Sacrifice is Part of Success
Depending on your project, the expert says there may be times when you need to set priorities for your tasks and resources.
For example, if you want to learn something you will have to dedicate a few quality hours of your day to it. Likewise, when starting a business, you have to save and invest.
It doesn’t mean you have to suffer and struggle, but that there will be, for example, social activities with friends that you won’t have.
9. Contribute to Your Community Whenever You Can
Some projects or hobbies can be supportive to the people around you, encouraging you to engage in community building. So, we suggest seeing the need that exists and complementing it with what you want to do.
For example, we know young children who started personal projects out of necessity: some made antibacterial gel to help people in the community during the pandemic. As a child, you can do another thing to contribute to your society; you can start a business to sell a product or service and charge too less than it is available in shops and marts.
10. Relish the Experience and Your Journey
Despite the barriers you may face, Antonio says starting to do different activities, even those you normally do in your professional career, can give you benefits.
It opens up a wide-angle view for you. Think big and also think about what else you can do. Enjoy the experience and your journey!
We hope this post will help you understand and follow steps mentioned earlier and undertake a business venture while studying. To make this game a breeze, you can join Lemonade Stand – which is not only a business but also an educational platform for kids. By embracing the app, you can get a safe haven to explore real-life job opportunities right in your neighborhood. Download the app and start your entrepreneurial journey right now!
