Tag: Entrepreneurs:

Young entrepreneurs: Starting a business advice and business ideas #top #business #schools

#entrepreneur ideas

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Young entrepreneurs

The young entrepreneur stories featured in this section show that you do not necessarily need years of experience to start a profitable business. Read the incredible accounts of teenage entrepreneurs such as David Carter, founder of The App Factory, and Bigger Feet creator Oliver Bridges and see how they achieved massive success at such a young age

Key topics

At 18, Jordan Daykin became the youngest entrepreneur to land investment in the Den. Today, his global DIY fixing business is said to be worth £14m.

Shining a spotlight on the UK’s brightest founders aged 25 and under, Startups reveals the business owners set for entrepreneurial stardom this year

The 25-year-old bringing a fresh, tech focused approach to digital marketing

The impressive female entrepreneur swapped reality TV for enterprise, creating a cult jewellery brand loved by A-list celebrities and the royal family

Determined to help people discover great things to try in London and beyond, 25 year-old Malin has built a website with thousands of daily readers…

The 21 year-old creating slip-on shoes worn by the likes of Tinie Tempah and Ryan Reynolds

The 17 year-old entrepreneur who’s built an online media empire from his bedroom

The 21-year-old on a mission to change the world through entrepreneurship by nurturing the next generation of business leaders

The 24-year-old founder of a personalised handwritten communication business on a mission to create employment for millions around the world

The brains behind a social media business which can make anything the number one trending topic on Twitter within 30 minutes.

The venture-backed duo helping teams, groups and charities raise money by connecting them to major brands

From a teenage eBay business to his current ‘on-demand selling service’, meet the serial business owner aged 24 with an eye for lucrative opportunities

Latest on Startups

To celebrate 10 years of its Business IP Centre, on September 27 the Library is holding a free day of workshops from the likes of Julie Deane OBE.

A professional musician who’s preformed alongside the likes of Lana del Ray and Beyoncé – Katie Sayles talks about her new pre-school members’ club

Research from the FSB suggests the introduction of the minimum £7.20-an-hour rate has led many small firms to increase prices and reduce staff hours

App which operates via Bluetooth connected handleba device backed by TrueStart, Seedrs, and mayor’s London Co-Investment Fund

Purple Cow ” rel=”bookmark”>The business book you need to read this month: Purple Cow

With a focus on ‘transforming your business by being remarkable’, entrepreneur Daniel Keighron-Foster advocates Seth Godin’s seminal book

Useful business start up tools

Forum post of the week

Want to run a more profitable business?

More from Startups





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Dallas Business Journal – Entrepreneurs for North Texas #business #supply

#dallas business journal

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Dallas Business Journal

Founded in 1977, Dallas Business Journal is the leading source for local business news, research, and events in the DFW area.

In addition to our weekly print publication, we also offer a digital edition, the annual Book of Lists, free Daily Email Update and other industry specific newsletters, and networking and awards events including the Best Places to Work, 40 Under Forty, Best Real Estate Deals, and Women in Business.

We are a division of American City Business Journals, the country s largest publisher of business publications. It is owned by Advance Publications, a private publishing company that also owns Condé Nast magazines and Newhouse Newspapers.

Related Staff

Anderson Trail produces and distributes The Original Premium Moist Granola. Their Original Recipe is a blend of almonds, cherries, coconut,

Catapult was formed in 2008 by Neil Waterman and a group of like-minded individuals who wanted to use their experience

BIOWORLD MERCHANDISING, INC. founded in 1996, is a leading design and distribution company of licensed and private label Apparel, Headwear,





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5 Small Business Financing Options for Startup Entrepreneurs #financing #for #business

#business financing options

#

5 Small Business Financing Options for Startup Entrepreneurs

Credit Cards

According to a 2012 National Federation of Independent Business (NFIB) study [click the image above for the full infographic], 79% of small business owners used credit cards to start or grow their business. That says a lot about the significance of using credit cards to capitalize a small business.

According to another study (PDF) conducted by Keybridge Research, the use of business credit cards to start or grow a small business has tremendous positive effects on the business and the economy as a whole. The study found that the expansion of credit card lending between 2003 and 2008 contributed to the creation of 1.6 million jobs and for every $1,000 of business credit card use, a $5,500 increase in revenue was experienced by the small business.

The bottom line is that about 4 out of 5 small business owners will be using credit cards.

Founders of Google, Larry Page and Sergey Brin, did it in the early days. Most other successful business owners have done it as well. It’s like anything else in that, you can use credit cards the right way or the wrong way. So plan this like you do your business.

I like what T. Boone Pickens says about planning. He said:

“A plan without action isn’t a plan. It’s a speech.”

Don’t make a speech about using credit cards, make a plan. Places like Lendio and NCH Capital help a lot of business owners learn how to use business credit cards to grow their businesses.

Microloans

Microloans are small loans typically issued to borrowers who are low income earners or have less than perfect credit and do not qualify for traditional bank financing.

According to the Microfinance Information Exchange, MicroBanking Bulletin Issue #19. nearly 74 million entrepreneurs across the world have microloans that are equal to a combined total of $38 billion U.S. dollars (as of 2009). Statistics vary but most microlenders report that between 95 99% of their loans are repaid. Kiva.org has over a 99% repayment rate this month alone.

Repayment rates suggest that small businesses have experienced a significant level of success as a result of obtaining microloans. Furthermore, according to a recent survey (PDF) conducted by Accion U.S. Network, 42% of survey respondents said their business income increased (between 2010 2011) as a result of a microloan.

Personal Savings

This is the #1 small business financing option for most people who find that they don’t qualify for credit cards, microloans, or any other type of “traditional bank financing.”

This is a great way to get started. If you don’t quality for things like business credit cards or traditional bank financing, then you may want to take the appropriate steps to correct any credit issues that may be part of the problem. We would all like to have more financing options in the future as we grow our businesses. If you’re like millions of other business owners with less-than-perfect credit, then do something about it.

Resources like Creditera are invaluable as it is currently the only credit monitoring platform that allows business owners to monitor both business and personal credit in one place.

The 3 F’s: Family, Friends and Fools

This is a great example of how the small business financing options are different for everyone. For some people, that list of possible investors from their friends and family is a long one. For others it’s, well, a short list shall we say.

Often times it is difficult to obtain financing from family and friends because they may not fully understand the business or believe it will succeed. You will really need to do what it takes to convince them the business will be lucrative and successful to get them to invest.

Entrepreneurs are famous for over-selling their cool ideas to their Uncle Louie and then seeing things not work out. If you do accept an investment from a friend or family member, then I suggest using something like ZimpleMoney. Whatever you do, be sure to treat your friends and family no different than you would a savvy angel investor. They deserve updates, communication and to be one of the first phone calls when there is a problem.

You should treat them as the partner you allowed them to become when you accepted their check. As for the fools I’ll leave that one alone.

Retirement Accounts

This small business financing option is highly popular for entrepreneurs who want to purchase a franchise. In order to use your retirement account to fund your business, you would use the Rollover for Business Startup (ROBS) Strategy.

This strategy is slightly complicated so you’ll want to consult with an expert such as Benetrends or Tenet Financial Group. It consists of forming a C Corporation and rolling your current retirement plan over to the new corporation’s retirement plan. It’s a relatively complex strategy. So don’t try it on your own and do your due-diligence. The term ROBS actually comes from the IRS ROBS compliance project.

ROBs strategies are common but are right up there as the most risky ways to finance a business along with Home Equity Lines of Credit and using personal savings. Again, in the event that your business fails, you likely lose your nest egg or whatever portion of it you “rolled over.”

I probably side with my friend Joel Libava, The Franchise King, on this when I say that I don’t think of franchisees as “full-fledged,” 100% entrepreneurs. I also cannot negate what my other good friend, Rieva Lesonsky, says when she argues, very respectfully, that franchisees take a lot of risk in buying a franchise. Especially a less established franchise.

When franchisees “roll over” their nest egg and start a franchise they totally get my respect and they clearly are taking a risk. I guess for me, I can’t get past the part about following directions and needing to get permission from the franchisor for many business decisions that an entrepreneur would not only make, but would make quickly, and he/she would laugh at the thought of needing someone’s permission.

Conclusion

Successful business owners all have one thing in common. They take action. They execute.

Mistakes and failures come with the territory, so learn your options, move forward, and accept that there will be lessons to learn along your road to success. Figure out which small business financing option is best for you and your dream.

Tom Gazaway is Founder and President of LenCred. His expertise is in helping small business owners who are in the first two years of business to properly obtain business financing that separates their personal and business credit while also protecting, preserving, and improving their credit profiles. Tom blogs on the LenCred blog, The Business Finance Lounge.

Latest Trending Business News

Editor’s Picks

Thanks for the mention.

I m 100% okay with folks using a PORTION of their retirement savings to buy a franchise.

They need to make sure it s done right, though. The paperwork involved must be perfect. And, several other things need to line up. the right age, enough back-up money, etc.

Great article, Tom

The Franchise King®

Thanks Joel. It s great to have you clarify your position on this.

I think the part I liked the most about your comments was when you said, make sure it s done right. When a franchisee or other type of small business owner works with a qualified representative from a reputable company like the ones I mentioned (or other company that meets those criteria) and uses a ROBS strategy then it can be an excellent way to bring your dream to reality.

Thanks again Joel.

I guess most startup entrepreneurs always go with the three F s or with loans. But then again, there are always the safe players who invests their existing savings. I would like to see some unconventional ways to generate some money for startup.





Tags : , , , , , , ,

5 Small Business Financing Options for Startup Entrepreneurs #business #supplies

#business financing options

#

5 Small Business Financing Options for Startup Entrepreneurs

Credit Cards

According to a 2012 National Federation of Independent Business (NFIB) study [click the image above for the full infographic], 79% of small business owners used credit cards to start or grow their business. That says a lot about the significance of using credit cards to capitalize a small business.

According to another study (PDF) conducted by Keybridge Research, the use of business credit cards to start or grow a small business has tremendous positive effects on the business and the economy as a whole. The study found that the expansion of credit card lending between 2003 and 2008 contributed to the creation of 1.6 million jobs and for every $1,000 of business credit card use, a $5,500 increase in revenue was experienced by the small business.

The bottom line is that about 4 out of 5 small business owners will be using credit cards.

Founders of Google, Larry Page and Sergey Brin, did it in the early days. Most other successful business owners have done it as well. It’s like anything else in that, you can use credit cards the right way or the wrong way. So plan this like you do your business.

I like what T. Boone Pickens says about planning. He said:

“A plan without action isn’t a plan. It’s a speech.”

Don’t make a speech about using credit cards, make a plan. Places like Lendio and NCH Capital help a lot of business owners learn how to use business credit cards to grow their businesses.

Microloans

Microloans are small loans typically issued to borrowers who are low income earners or have less than perfect credit and do not qualify for traditional bank financing.

According to the Microfinance Information Exchange, MicroBanking Bulletin Issue #19. nearly 74 million entrepreneurs across the world have microloans that are equal to a combined total of $38 billion U.S. dollars (as of 2009). Statistics vary but most microlenders report that between 95 99% of their loans are repaid. Kiva.org has over a 99% repayment rate this month alone.

Repayment rates suggest that small businesses have experienced a significant level of success as a result of obtaining microloans. Furthermore, according to a recent survey (PDF) conducted by Accion U.S. Network, 42% of survey respondents said their business income increased (between 2010 2011) as a result of a microloan.

Personal Savings

This is the #1 small business financing option for most people who find that they don’t qualify for credit cards, microloans, or any other type of “traditional bank financing.”

This is a great way to get started. If you don’t quality for things like business credit cards or traditional bank financing, then you may want to take the appropriate steps to correct any credit issues that may be part of the problem. We would all like to have more financing options in the future as we grow our businesses. If you’re like millions of other business owners with less-than-perfect credit, then do something about it.

Resources like Creditera are invaluable as it is currently the only credit monitoring platform that allows business owners to monitor both business and personal credit in one place.

The 3 F’s: Family, Friends and Fools

This is a great example of how the small business financing options are different for everyone. For some people, that list of possible investors from their friends and family is a long one. For others it’s, well, a short list shall we say.

Often times it is difficult to obtain financing from family and friends because they may not fully understand the business or believe it will succeed. You will really need to do what it takes to convince them the business will be lucrative and successful to get them to invest.

Entrepreneurs are famous for over-selling their cool ideas to their Uncle Louie and then seeing things not work out. If you do accept an investment from a friend or family member, then I suggest using something like ZimpleMoney. Whatever you do, be sure to treat your friends and family no different than you would a savvy angel investor. They deserve updates, communication and to be one of the first phone calls when there is a problem.

You should treat them as the partner you allowed them to become when you accepted their check. As for the fools I’ll leave that one alone.

Retirement Accounts

This small business financing option is highly popular for entrepreneurs who want to purchase a franchise. In order to use your retirement account to fund your business, you would use the Rollover for Business Startup (ROBS) Strategy.

This strategy is slightly complicated so you’ll want to consult with an expert such as Benetrends or Tenet Financial Group. It consists of forming a C Corporation and rolling your current retirement plan over to the new corporation’s retirement plan. It’s a relatively complex strategy. So don’t try it on your own and do your due-diligence. The term ROBS actually comes from the IRS ROBS compliance project.

ROBs strategies are common but are right up there as the most risky ways to finance a business along with Home Equity Lines of Credit and using personal savings. Again, in the event that your business fails, you likely lose your nest egg or whatever portion of it you “rolled over.”

I probably side with my friend Joel Libava, The Franchise King, on this when I say that I don’t think of franchisees as “full-fledged,” 100% entrepreneurs. I also cannot negate what my other good friend, Rieva Lesonsky, says when she argues, very respectfully, that franchisees take a lot of risk in buying a franchise. Especially a less established franchise.

When franchisees “roll over” their nest egg and start a franchise they totally get my respect and they clearly are taking a risk. I guess for me, I can’t get past the part about following directions and needing to get permission from the franchisor for many business decisions that an entrepreneur would not only make, but would make quickly, and he/she would laugh at the thought of needing someone’s permission.

Conclusion

Successful business owners all have one thing in common. They take action. They execute.

Mistakes and failures come with the territory, so learn your options, move forward, and accept that there will be lessons to learn along your road to success. Figure out which small business financing option is best for you and your dream.

Tom Gazaway is Founder and President of LenCred. His expertise is in helping small business owners who are in the first two years of business to properly obtain business financing that separates their personal and business credit while also protecting, preserving, and improving their credit profiles. Tom blogs on the LenCred blog, The Business Finance Lounge.

Latest Trending Business News

Editor’s Picks

Thanks for the mention.

I m 100% okay with folks using a PORTION of their retirement savings to buy a franchise.

They need to make sure it s done right, though. The paperwork involved must be perfect. And, several other things need to line up. the right age, enough back-up money, etc.

Great article, Tom

The Franchise King®

Thanks Joel. It s great to have you clarify your position on this.

I think the part I liked the most about your comments was when you said, make sure it s done right. When a franchisee or other type of small business owner works with a qualified representative from a reputable company like the ones I mentioned (or other company that meets those criteria) and uses a ROBS strategy then it can be an excellent way to bring your dream to reality.

Thanks again Joel.

I guess most startup entrepreneurs always go with the three F s or with loans. But then again, there are always the safe players who invests their existing savings. I would like to see some unconventional ways to generate some money for startup.





Tags : , , , , , , ,

Green Business Ideas for Entrepreneurs #business #credit #reports

#green business ideas

#

Green Business Ideas for Entrepreneurs

Updated August 11, 2016

What is a Green Business and what are the advantages of starting one?

A “green” business strives to have a positive impact on the environment and community. It develops and practices business strategies that go beyond regulation and demonstrate commitment to a healthy and sustainable future (earthshare.org ). German-based Roland Berger Strategy Consultants estimates that the global market volume for environmental technologies will reach a projected $2,740 billion by 2020.

As someone thinking of starting a small business. a green business has two advantages over other kinds of businesses. First, environmentalism is growing rapidly so you will be targeting a growing market. Second, starting a green business can be particularly satisfying as you get to make your own contribution to making the world a better place.

Here are what I think are the best green business ideas for entrepreneurs .

1) Help them grow it.
Gardens for Small Spaces

The growing concern about where our food comes from and what s been done to it is translating into increasing numbers of people who want to grow their own food, wherever they live.

One green business idea is to produce garden-paks , small collections of seeded plant trays that would fit on the smallest balcony and allow people to grow their own vegetables.

On a larger scale, as a garden designer you could specialize in rooftop garden installations.

Or you could develop a green business focusing on products that will help people grow their own food, such as greenhouses suitable for residential homes or ecological pest controls. Growing food is one trend that’s only going to. um. get bigger (excuse the pun).

Worm farming and organic compost sales are other green gardening business ideas that might work for you.

2) Help them cut energy costs.
Solar Power Generation and Solar Water Heating Systems

I think it s a safe bet that the cost of traditional energy going to go up – making green business ideas related to saving energy and cutting energy costs also a safe bet.

Solar water heating systems can provide significant energy cost savings (providing up to 70% of a family s hot water when properly installed, according to some distributors).

Between 2008 and 2011 solar panel (photovoltaic) electrical generation had an annual growth rate of 147%, helped by rebates and subsidies that vary from province to province. The installation of rooftop solar panels and the tie in to household/commercial electrical systems requires a lot of expertise and businesses that provide this service are flourishing.

If either of these green business ideas appeals to you see Natural Resources Canada s Solar Thermal and Solar Photovoltaic Energy information sites.

3) Help them clean it.
Eco-friendly Cleaning Products

From laundry through vehicles, things have to be cleaned.

But people are a lot more sensitive to what s being poured down the drain and want to be able to get the sparkle without the environmental strain. One green business idea to help them accomplish this is to sell environmentally friendly cleaning products. This is another green business idea that could work well as an ecommerce site. (See 8 Easy Ways to Get Your Small Business Into Ecommerce ).

Going green is also a great marketing strategy for a cleaning business. Commercial and residential cleaning businesses are still hot business ideas as the demand for cleaning services is still growing. Using only eco-friendly cleaning products in your cleaning business could give you a competitive edge.

Note: Also watch for the commercialization of virtually waterless cleaning. Researchers at the University of Leeds have developed a new way of cleaning clothes using less than 2% of the water and energy of a conventional washing machine.

4) Help them find it locally.
Local Eco-alternatives

Books like the 100-Mile Diet have inspired many people to think carefully about where their food is grown and the negative environmental effects of consuming products that may be shipped from thousands of miles away.

People want local eco-friendly alternatives to the products they ve been using. To service this need farm markets have been proliferating in North America, selling everything from locally raised beef, pork or poultry to locally made soaps and cleaning materials. Talk to your local farm market association or butcher store about selling your product locally. (And of course you should read How to Make a Bundle at the Farmers Market before you set up your stall.)

5) Show them what needs to be done.
Green Consulting

As the price of energy goes up and being green becomes increasingly popular, more individuals and businesses want to become greener but don t know what the best course of action is. So green consulting is a business idea whose time has come.

Green consultants put together an action plan for their clients by examining their client s environment and analyzing their environmental strengths and weaknesses. For instance, a home or business may be using a lot more energy than necessary for heating or cooling because of a lack of weather-stripping, insulation, or improperly installed HVAC (Heating, Ventilation, and Air Conditioning) systems.

Some green consulting businesses also offer event management. The green business idea is that the consulting company will see to it that every aspect of the event, from advertising through waste management, is handled in the most environmentally friendly way.

6) Help them get there.
Scooters and Bikes

Transportation is another venue of change for many people, whose need to go green is strengthened by increasingly high prices at the pump. Scooters and bikes are a very appealing all-in-one solution; as a scooter or bike rider you get to save money, be environmentally friendly, and, if you get the kind of bike that needs pedaling, improve your health, too!

I have to admit that s not the kind that appeals to me; my favourites are the Vespa and the three-wheeled Piaggio MP3. Becoming a dealer might be the business idea you ve been looking for.

All kinds of electric and gas scooters and electric bikes are going to increase in popularity though. Daymak Canada has a good range of green vehicles, including mopeds, scooters and electric bikes and offers franchises.

If you live in an urban area, renting out bikes and scooters might be a profitable green business.

7) Help them build green.
Green Building

Green building is a trend rife with possibilities for starting new green businesses. Construction companies, architects, designers and contractors can specialize in green building. For instance, a contractor might become a LEED certified professional; a designer might focus on elements and materials that are the least environmentally destructive.

And green building calls for all kinds of green products that could become the foundation of your new small business, from water-saving toilets through salvaged wood (and solar water heating systems).

Learn more about LEED Canada (the environmental rating system used as a standard for new construction and major renovations) at the Canada Green Building Council website.

Green Businesses Deliver More Than Profits

Hopefully these green business ideas have got you excited about the possibilities. You may not get rich, and to be honest, you probably won t. But you will have the pleasure of running a business that helps people lead greener lives and combining what you do with what you believe in.

Where to From Here

For even more business ideas, visit the Business Ideas section of this website.





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Young Entrepreneurs: 14 Small Business Ideas for Teens and Kids #business #cards #printing

#business ideas for kids

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14 Fun Business Ideas for Kids and Teens to Encourage Entrepreneurship

Should you encourage your children to start a business? Are there good business ideas for teens and kids? With police routinely shutting down kids lemonade stands for being unlicensed businesses, you might wonder if they should just put their entrepreneurial urges on hold until they get older.

But there are good reasons to let young people make some money on their own, and to let them start early. Billionaire CEO of Berkshire Hathaway Warren Buffett says :

There was a study many years ago questioning how to predict business success later in life. The answer to the study wasthe age you started your first business impacted how successful you were later in life.Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are an adult. [emphasis added]

Buffett s own childhood was full of investments and businesses. At age 11, he bought his first stock. By the age of 14, he used $1,200 he earned from paper routes to purchase 40 acres of land, which he then leased out to farmers. In high school, he and a friend bought a used pinball machine for $25 and set it up in a barber shop. They later put machines in other locations and eventually sold the business.

Of course, your child doesn t have to be the next Warren Buffett to benefit from a small venture or two. Here are some of the best business ideas for kids.

1. Dog Walking

Busy people need help keeping their dogs fit, and this is a job most kids can handle and enjoy. Dog walkers charge either for a set fee or an hourly rate, and the kids can even expand their business to include dog washing and pet sitting .

Kids can approach neighbors to offer their services (you may want to tag along if they’re young) or advertise their business online. Care.comsays their dog walkers average almost $10 per hour, and it s free to open a basic account. Care.com’s policy for teens requires adult-supervised accounts (parents receive email notifications of all activity), and the kids have to be at least 14 to sign up.

2. Websites

Many kids are more Internet savvy than their parents, so it makes sense to consider online businesses, including various types of websites. It costs very little to register a domain name and buy web hosting, and by relying on easy advertising revenue (like Google AdSense), kids don t even have to sell anything.

For example, Forbes reports that Ashley Qualls started Whateverlife.com at age 14 as a personal portfolio with pictures and graphics she created. Later, she added tutorials on creating graphics and other content for teens. Before long she needed a dedicated server, and she added Google AdSense to the site to monetize the traffic.

Now, her website brings in as much as $70,000 a month, according to Fast Company. Qualls bought a $250,000 home with her profits while still a teenager, and turned down a $1.5 million offer for her business.

3. Paper Routes

Paper routes helped Warren Buffett get his start in business, and although most newspapers now rely on adults with cars for delivery, there are still a few places where kids deliver papers on foot or by bicycle. In Carroll, Iowa, for example, The Daily Times Herald still has 80% of its papers delivered by kids aged 9 to 17, according to NPR .

One of the best things about modern paper delivery is that the kids no longer have to knock on doors to collect for subscriptions that s all done by credit card billing.

4. Crafts and Jewelry

If your kids are creatively inclined, they can make crafts and jewelry to sell online. There s no need to set up a website for this. Platforms like Etsy provide a great way to keep it simple. Vendors pay 20 cents to list a product and then a commission of 3.5% on each sale. The policy for kids is that the Etsy Shop must be managed by a parent or legal guardian.

How much could your child earn on Etsy? By the time he was 11 years old, Mo Bridges had brought in more than $30,000 selling bow ties through his Etsy shop.

Other Businesses for Kids

Don t underestimate the potential for big success from small starts. Fraser Doherty started making and selling jam from home at age 14 and before long had over $1 million in annual sales. At age 10, Juliette Brindak drew pictures of Cool Girls, and, at age 16, used those characters to launch a social networking site called Miss O and Friends . The site is valued at $15 million today.

The types of businesses started by some kids might surprise you too. Who would have thought that BizChair.com. started by Sean Belnicks at age 14, would be selling $24 million in office chairs by the time its founder was 20? Or that 17-year-old Nick D’Aloisio would sell his news-aggregator app, called Summly, for $30 million?

Any kind of business activity teaches kids valuable lessons. As a child, Tyler Dikman had lemonade stands, mowed lawns and did magic shows. He parlayed that business experience into launching CoolTronics. a comprehensive computer sales and service solution, when he was just 15. The company went on to make millions of dollars.

What else can kids or teens do to make money? Here are a few more possibilities:

  1. Help companies with social media marketing
  2. Babysit
  3. Help seniors set up and use computers
  4. Wash cars
  5. Do garden maintenance
  6. Have garage sales
  7. Make greeting cards
  8. Recycle soda cans
  9. Tutor younger kids
  10. Shovel snow

Your Turn: Do you encourage your children s entrepreneurial plans? What good business ideas could you add to the list?

by Steve Gillman
Contributor for The Penny Hoarder

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Young entrepreneurs: Starting a business advice and business ideas #grants #for #small #businesses

#entrepreneur ideas

#

Young entrepreneurs

The young entrepreneur stories featured in this section show that you do not necessarily need years of experience to start a profitable business. Read the incredible accounts of teenage entrepreneurs such as David Carter, founder of The App Factory, and Bigger Feet creator Oliver Bridges and see how they achieved massive success at such a young age

Key topics

At 18, Jordan Daykin became the youngest entrepreneur to land investment in the Den. Today, his global DIY fixing business is said to be worth £14m.

Shining a spotlight on the UK’s brightest founders aged 25 and under, Startups reveals the business owners set for entrepreneurial stardom this year

The 25-year-old bringing a fresh, tech focused approach to digital marketing

The impressive female entrepreneur swapped reality TV for enterprise, creating a cult jewellery brand loved by A-list celebrities and the royal family

Determined to help people discover great things to try in London and beyond, 25 year-old Malin has built a website with thousands of daily readers…

The 21 year-old creating slip-on shoes worn by the likes of Tinie Tempah and Ryan Reynolds

The 17 year-old entrepreneur who’s built an online media empire from his bedroom

The 21-year-old on a mission to change the world through entrepreneurship by nurturing the next generation of business leaders

The 24-year-old founder of a personalised handwritten communication business on a mission to create employment for millions around the world

The brains behind a social media business which can make anything the number one trending topic on Twitter within 30 minutes.

The venture-backed duo helping teams, groups and charities raise money by connecting them to major brands

From a teenage eBay business to his current ‘on-demand selling service’, meet the serial business owner aged 24 with an eye for lucrative opportunities

Latest on Startups

To celebrate 10 years of its Business IP Centre, on September 27 the Library is holding a free day of workshops from the likes of Julie Deane OBE.

A professional musician who’s preformed alongside the likes of Lana del Ray and Beyoncé – Katie Sayles talks about her new pre-school members’ club

Research from the FSB suggests the introduction of the minimum £7.20-an-hour rate has led many small firms to increase prices and reduce staff hours

App which operates via Bluetooth connected handleba device backed by TrueStart, Seedrs, and mayor’s London Co-Investment Fund

Purple Cow ” rel=”bookmark”>The business book you need to read this month: Purple Cow

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10 Personality Traits Successful Entrepreneurs Possess #what #is #the #stock #market

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10 Personality Traits You Need to Start a Business

Traits for Success

Credit: Starting a Business Image via Shutterstock You already know you need a great business idea, a solid business plan and some startup cash to start a business. But, you also need to have a personality that’s suited to being an entrepreneur. Experts tell us the personality traits every entrepreneur needs to succeed.

Lots of Energy

Credit: Happy Workers Image via Shutterstock As a brand marketing and public relations consultant, Lisa Murray has worked with a number of serial entrepreneurs and says one quality they all have in common is their ability to always be on the go.

“Born entrepreneurs don’t know how to power down,” Murray, principal of Murray Whalen Communications, told BusinessNewsDaily. “They emit a constant hum of ideas, plans, strategies and high-octane energy.”

Persuasive

Credit: Sales team image via Shutterstock One of the key signs of a born entrepreneur is the salesmanship and power of persuasion they show very early on for their causes, said business coach and consultant Nancy Eberhardt.

“Whether it is a landscaping business at age 12, or selling magazines door-to-door to fund a school trip, they are persistent in telling you about it and pitching why you need it,” Eberhardt said. “They are almost fearless in who they will approach and present their idea, service or product to.”

Resourceful

Credit: Creativity image via Shutterstock As someone who works almost exclusively with entrepreneurs, Robin Samora, president of the business and PR consulting firm Let’s Make You Shine. said entrepreneurs all tend to have a unique way of fixing issues that may arise.

“They come up with novel ways to solve problems that others can’t even imagine,” Samora said. “Ideas flow and come naturally to them.”

Winning attitude

Credit: Think Positive image via Shutterstock. Even in the worst situations, successful entrepreneurs always see the opportunity to glean something new, said Lili Balfour, founder of the investment banking firm Atelier Advisors.

“When their world is falling apart, they remain calm, knowing that there is a lesson to be learned.” Balfour said. “They are grateful for what has worked out and learn from what has not worked out.”

Thrives in uncertainty

Credit: Curious image via Shutterstock Especially when first starting out, executive coach Elene Cafasso said entrepreneurs are able to function without a lot of certainty.

“If you are someone who becomes paralyzed when there are too many moving pieces and too many contingencies, then owning your own business is not right for you,” Cafasso said.

Opportunistic

Credit: Dreamstime.com Tomas Chamorro-Premuzic, a research affiliate with Hogan Assessments. believes entrepreneurs have an opportunistic mindset and are always prepared to take advantage of every situation.

“They see opportunities where others don’t,” Chamorro-Premuzic said. “Few people are driven to pursue them.”

Learns from mistakes

Credit: Embarrassed man image via Shutterstock New York wedding expert Nadia Digilov said entrepreneurs all have a willingness to learn from their mistakes.

“Natural entrepreneurs analyze their behavior and are not afraid to admit that they have made a mistake,” Digilov said. “They attempt to correct negative behaviors more easily then non-natural entrepreneurs.”

Thinker

Credit: Dreamstime The mind of an entrepreneur is always at work, said Richard Stiennon, chief research analyst and founder of analyst firm IT-Harvest.

“He or she cannot turn off the flow of ideas,” Stiennon said. “Every problem is an opportunity to build a business to solve it.”

Communicator

Credit: Dreamstime Business consultant Paul O’Leary believes born entrepreneurs have a natural gift for gab.

“They are assertive, direct and to-the-point with a sense of urgency,” O’Leary said.

Fighter

Credit: Dreamstime.com Hope Katz Gibbs, founder and president of Inkandescent Public Relations, said that as an entrepreneur herself, she believes those who are born with the characteristics needed to run their own business all are willing to get back up after being knocked down.

“Our ideas aren’t always successful, but the thing that differentiates us is that we don’t give up — or give in,” Katz Gibbs said. “We just learn from what didn’t work, and what did, and start again.” Ultimately, she said, entrepreneurs are the last ones standing.

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Young Entrepreneurs: 14 Small Business Ideas for Teens and Kids #business #computers

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14 Fun Business Ideas for Kids and Teens to Encourage Entrepreneurship

Should you encourage your children to start a business? Are there good business ideas for teens and kids? With police routinely shutting down kids lemonade stands for being unlicensed businesses, you might wonder if they should just put their entrepreneurial urges on hold until they get older.

But there are good reasons to let young people make some money on their own, and to let them start early. Billionaire CEO of Berkshire Hathaway Warren Buffett says :

There was a study many years ago questioning how to predict business success later in life. The answer to the study wasthe age you started your first business impacted how successful you were later in life.Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are an adult. [emphasis added]

Buffett s own childhood was full of investments and businesses. At age 11, he bought his first stock. By the age of 14, he used $1,200 he earned from paper routes to purchase 40 acres of land, which he then leased out to farmers. In high school, he and a friend bought a used pinball machine for $25 and set it up in a barber shop. They later put machines in other locations and eventually sold the business.

Of course, your child doesn t have to be the next Warren Buffett to benefit from a small venture or two. Here are some of the best business ideas for kids.

1. Dog Walking

Busy people need help keeping their dogs fit, and this is a job most kids can handle and enjoy. Dog walkers charge either for a set fee or an hourly rate, and the kids can even expand their business to include dog washing and pet sitting .

Kids can approach neighbors to offer their services (you may want to tag along if they’re young) or advertise their business online. Care.comsays their dog walkers average almost $10 per hour, and it s free to open a basic account. Care.com’s policy for teens requires adult-supervised accounts (parents receive email notifications of all activity), and the kids have to be at least 14 to sign up.

2. Websites

Many kids are more Internet savvy than their parents, so it makes sense to consider online businesses, including various types of websites. It costs very little to register a domain name and buy web hosting, and by relying on easy advertising revenue (like Google AdSense), kids don t even have to sell anything.

For example, Forbes reports that Ashley Qualls started Whateverlife.com at age 14 as a personal portfolio with pictures and graphics she created. Later, she added tutorials on creating graphics and other content for teens. Before long she needed a dedicated server, and she added Google AdSense to the site to monetize the traffic.

Now, her website brings in as much as $70,000 a month, according to Fast Company. Qualls bought a $250,000 home with her profits while still a teenager, and turned down a $1.5 million offer for her business.

3. Paper Routes

Paper routes helped Warren Buffett get his start in business, and although most newspapers now rely on adults with cars for delivery, there are still a few places where kids deliver papers on foot or by bicycle. In Carroll, Iowa, for example, The Daily Times Herald still has 80% of its papers delivered by kids aged 9 to 17, according to NPR .

One of the best things about modern paper delivery is that the kids no longer have to knock on doors to collect for subscriptions that s all done by credit card billing.

4. Crafts and Jewelry

If your kids are creatively inclined, they can make crafts and jewelry to sell online. There s no need to set up a website for this. Platforms like Etsy provide a great way to keep it simple. Vendors pay 20 cents to list a product and then a commission of 3.5% on each sale. The policy for kids is that the Etsy Shop must be managed by a parent or legal guardian.

How much could your child earn on Etsy? By the time he was 11 years old, Mo Bridges had brought in more than $30,000 selling bow ties through his Etsy shop.

Other Businesses for Kids

Don t underestimate the potential for big success from small starts. Fraser Doherty started making and selling jam from home at age 14 and before long had over $1 million in annual sales. At age 10, Juliette Brindak drew pictures of Cool Girls, and, at age 16, used those characters to launch a social networking site called Miss O and Friends . The site is valued at $15 million today.

The types of businesses started by some kids might surprise you too. Who would have thought that BizChair.com. started by Sean Belnicks at age 14, would be selling $24 million in office chairs by the time its founder was 20? Or that 17-year-old Nick D’Aloisio would sell his news-aggregator app, called Summly, for $30 million?

Any kind of business activity teaches kids valuable lessons. As a child, Tyler Dikman had lemonade stands, mowed lawns and did magic shows. He parlayed that business experience into launching CoolTronics. a comprehensive computer sales and service solution, when he was just 15. The company went on to make millions of dollars.

What else can kids or teens do to make money? Here are a few more possibilities:

  1. Help companies with social media marketing
  2. Babysit
  3. Help seniors set up and use computers
  4. Wash cars
  5. Do garden maintenance
  6. Have garage sales
  7. Make greeting cards
  8. Recycle soda cans
  9. Tutor younger kids
  10. Shovel snow

Your Turn: Do you encourage your children s entrepreneurial plans? What good business ideas could you add to the list?

by Steve Gillman
Contributor for The Penny Hoarder

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6 Best Business Tips from 6 Top Entrepreneurs #owning #your #own #business

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6 Best Business Tips from 6 Top Entrepreneurs

Entrepreneur, content marketer, online educator

Becoming a successful entrepreneur is no easy feat. Sacrifice, hard work and an unwavering determination for achieving greatness are required. So is surviving your mistakes — because they will happen.

At CreativeLive, I ve always strived to learn from my own mistakes and to gain powerful insights from those who have successfully gone down the path before me. That s why I reached out to six top entrepreneurs, writers and CEOs I ve admired for years.

I asked each of them to share with me, in a selfie-style video clip, their single most impactful piece of advice for fellow entrepreneurs. Those interviewees included:

  • Chase Jarvis. the prolific photographer and CEO at CreativeLive, who s on a mission to revolutionize the way the world learns
  • Jon Acuff. the best-selling author of five books designed to teach how to find and create meaningful work
  • Sophia Amoruso. the founder of NastyGal and the best-selling author of #GIRLBOSS. who launched one of the fastest-growing retail brands in recent history
  • Lewis Howes. the best-selling author, lifestyle entrepreneur and podcast host, who s interviewed more than 200 influential entrepreneurs on how to achieve greatness
  • Nir Eyal. the best-selling author, entrepreneur and speaker, who s pioneering the psychology behind creating habit-forming products
  • Guy Kawasaki. the entrepreneur, investor and former chief evangelist at Apple, who s helped dozens of well-known startups launch with a bang

Here s what each had to say:

Just about any and all business owners who have created a sustainable self-employed career will tell you that they wouldn t have achieved their goals without guidance from others. They re not afraid to ask for help. In fact, most of them are successful in a large part, because they ve surrounded themselves with trusted advisors. mentors and industry experts.

Here s more from these top entrepreneurs on how they ve risen to success in the world of business.

1. Chase Jarvis, CEO at CreativeLive

Image credit: Chase Jarvis

Scratch your own itch.

After becoming one of the world s best-known photographers at a relatively young age, Chase went on to found CreativeLive. the world s largest live-streaming education company. He credits much of his success to following his passions and pursuing only the opportunities that he s genuinely interested in.

Jarvis: Go after solving a problem that you have. Something that s near and dear to you, not some random market opportunity. Because, when things get hard, if you re chasing just the dollars, or a random market opportunity, you re not going to be able to have the fortitude, the passion, to stay with it.

2. Jon Acuff, New York Times best-selling author of Do Over

Image credit: Jon Acuff

Success takes hustle.

Acuff, the New York Times best-selling author of five books, including Do Over . set out early on in his career to pursue at all costs only meaningful work. For him, that meant 16 long years of being hired and fired, before eventually finding his dream job and launching his self-employed career as a writer, speaker and brand consultant.

Accomplishing his dream of working for himself took a lot of hard work, focus and hustle.

Acuff: Hustle is an act of focus, not frenzy. Hustle is about subtraction and addition. It s not about doing more, it s about focusing on the things you need to do, in order to move your business forward.

3. Sophia Amoruso, founder of Nasty Gal, author of #GIRLBOSS

Image credit: sophia amoruso

Don t give up, don t take anything personally, and don t take no for an answer.

Since founding Nasty Gal. in 2006, as an eBay store selling vintage clothing, Amoruso has transformed the business into a multi-million dollar empire with its own clothing line, which was named the Fastest Growing Retailer in 2012. Recently, TheNew York Times best-selling author of #GIRLBOSS has stepped out of her role as the CEO of Nasty Gal to become the executive chairman and to oversee the creative and brand marketing functions of the business.

Without any fashion or business experience before starting Nasty Gal, Amoruso credits much of her hard-earned success to her refusal to accept failure as an option.

Amoruso: The people who told me no were the people who eventually told me yes.

4. Lewis Howes, author of The School of Greatness

Image credit: Lewis Howes

Follow your heart.

Howes, The New York Times best-selling author of The School of Greatness , and host of the podcast bearing the same name, is a professional athlete-turned-entrepreneur. After suffering a debilitating injury on the field, Howes faced the fact that his football career was finished. Overnight, he lost his ability to do what he was passionate about, and was forced to discover a new way to live with purpose. Today, he s a writer, speaker and online educator who teaches entrepreneurs how to grow their online businesses .

5. Nir Eyal, author of Hooked

Image credit: Nir Eyal

Certainty is more dangerous than ignorance.

Eyal, the author of the Wall Street Journal best seller, Hooked . has become the authority on how to build habit-forming products. After years of research and experience in the video game and advertising industries, Eyal is a sought-after writer, speaker and educator on the psychology behind what motivates consumer engagement.

Eyal: It s up to us as entrepreneurs, to see the world as it should be –not necessarily how it is. When you think you re sure of the way things are, that s when you get passed up and you don t see the opportunities that real entrepreneurs envision.

6. Guy Kawasaki, chief evangelist of Canva, author of The Art of the Start 2.0

Image credit: Guy Kawasaki

Focus on the prototype.

Kawasaki, the former chief evangelist of Apple, is an immensely successful marketing executive, investor and author of 13 books including The Art of the Start 2.0 . Over the years, he s helped dozens of well-known companies take their products from concept to market dominance.

His formula for replicating startup success? Focusing only on the activities that drive positive results for your business.

Kawasaki: If you get a prototype out and you get enough people using it, you never have to write a business plan. A prototype is where you separate the BS from the reality.





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