Tips, Tools, and Resources for Teenage Entrepreneurs Looking to Start a Business

Learn How to Start a Business!

Owning a business is hard work, and the pandemic hasn’t made entrepreneurship any easier. But according to a recent survey conducted by both the Brian Hamilton Foundation and Junior Achievement, about 66 percent of teens are still open to starting a business at some point in the future. 

Come Up With the Right Business Idea

Understandably, about 30 percent of these survey respondents reported having concerns about the risks of starting a business. CEO Charlie Bradley, however, says this is precisely why teens should start businesses while they’re young. As Bradley pointed out, “there is almost no downside to failure when you’re young”.

If you’re a teen who’s ready to follow in the footsteps of other young entrepreneurs like Cory Nieves, Kenan Pala, and Langston Whitlock, this article from Quizplus will introduce you to the different tools and resources available to aspiring business owners. Read on to learn how to put your entrepreneurial dreams into actions

In addition to your teenage years being the easiest time to recover from failure, there are so many other advantages of starting a business during adolescence. To name a few other benefits, entrepreneurship teaches teens leadership, time management, and communication skills; encourages them to earn their own money and take control of their finances; and allows them to express themselves creatively — especially if they take the time to choose the right business idea. 

​As you think about starting a business as a teen, focus on your strengths, interests, and lifestyle. What do you have the time, skills, and ability to work on outside of school hours and your other extracurricular activities? As a few ideas, you could start your own podcast or YouTube channel, sell handmade goods online, or walk dogs in your neighborhood.

Keep Learning After School

Once you’ve selected a business idea, you’ll want to become an expert in that field. Doing so will help you to overcome the fear of starting a new business and gain the confidence you need to put your entrepreneurial plans into action.

Quizplus makes this possible, thanks to our online quizzes, study sets, and flashcards. At quizplus.com, you can learn all about topics such as business, nutrition, mathematics, information technology, and more. You can even use our study sets to prepare for any professional certifications you may need to launch your new business.

Launch Your Business

After becoming an expert in your field, you’ll need to start planning your business. Head online to research your competitors, write your business plan, and compare your funding options if startup capital will be needed to get your business off the ground. Be sure to consider your business structure (such as a limited liability company, sole proprietorship, or corporation), the products and services you’ll offer, and whether any licenses or permits will be needed in order to operate your business.

Once you’ve completed these steps, you can start a new company here for as little as $49 (in addition to any state-specific registration fees you may be required to pay). Registering a business online is a simple option for teens and other aspiring entrepreneurs, as business formation services offer advice and guidance on choosing a legal entity, business name, and registered agent — and meeting the legal requirements for starting a business in your state.

Market Your Business on a Budget

Now that you’ve planned and registered your business, it’s time to market it to your target audience. Kristen McCormick of WordStream shares 27 budget-friendly marketing ideas for you to consider, but only after you’ve developed your brand identity. Building a brand means designing a logo, creating a website for your business, and choosing your brand color palette.

Marketing can be expensive, but it doesn’t have to be when you’re just starting out. Using a free logo maker like this one, for example, you can easily create an appealing logo that stands out from the competition and reaches your target audience. It’s as simple as choosing from an assortment of templates, modifying the fonts and colors, and adding your own text and/or images.

Other online tools make it easy to create a business website, including those such as Wix and Weebly. Lots of online tools are available to use at no cost to you, so be sure to explore these affordable DIY options before hiring a pro.

Teen Today, Business Owner Tomorrow

Thanks to business formation services, free marketing and design tools, and the plethora of other online resources available to aspiring entrepreneurs, it’s easy to start a business whether you’re 15, 30, or 55. There’s always the possibility of failure in business, but your teen years are the perfect time to experiment with entrepreneurship and determine whether a career in business ownership is right for you!

​Ready to expand your knowledge of academic topics such as mathematics, history, psychology, or chemistry? Preparing to obtain a professional certification after graduating from high school or college? Visit quizplus.com to prepare for any quiz or exam and become an expert in 30 different fields. info@quizplus.com