Starting a business is not an easy task but, starting a business as a teen, now that’s a whole new ballgame. Business Teacher and former business owner, Michael Cramer states “80% of all businesses don’t last for more than five years.” Running a business takes someone who first comes up with the idea and then adds to that idea to create a business plan. Lucky for you, chances are you have made a business plan already. From a lemonade stand to a multi-million dollar corporation, anyone can start a business. Michael Cramer says for anyone starting up a business “expect to work hard.”
There are dozens of teens determined to start a business. For example, John Gray, a young student, has recently begun an electronic repair business “Ribbet Repairs”. As of today, Ribbet Repairs has been owned by a student at Kearns High School. They repair electronics such as game consoles and controllers, as well as cell phone screens and batteries. They also offer computer building and repair services. This student has started a business out of their garage and has grown it through word of mouth and social media. Today their business has maintained its growth. The owner of “Ribbet Repairs” states “It definitely has not been an easy journey, they’re are now ways of getting help and education on starting a business.”
As for teens starting a business, it is no different from an adult starting a business. It’s the process that varies with every business. You will always start with an idea or brainstorming. You’re asking yourself “What business do I imagine me running?”. Now that you have your idea you can start planning. The plan is to see if your idea would be a viable business using tools such as the marketing mix. If you believe your idea would work, you can get started with the beginning of the business. Depending on your business how you continue such as getting licenses, funding, education, and location. Michael Cramer states “No two businesses will go through the same process of starting a business”.Don’t think that it being difficult makes it impossible. There are multiple places to look for support in starting a business. For teens, it can be someone like Michael Cramer, the school’s business teacher. They’re also outside help like, “U.S Small Business Administration”, that can give you advice from past or present business owners.