Starting a Small Business in High School
If you’re a high school student, you have two options for making money. You can get a job or start your own business. On the outside, a job seems easier, but in the end, it could be harder because you are limiting the amount of money you can make. Starting a business is hard work, and you might not succeed, but doing something you enjoy with a high earning potential will be more rewarding in the long run.
Find an Idea
You can do something that has been done many times before and has a lot of demand, or you can come up with your own new idea. Some common ideas for small businesses for high school students are:
- Lawn mowing
- Shoveling snow
- Fall cleanup
- Landscaping and gardening
- House Cleaning
- Pet sitting
These are all great ideas, and if there is enough demand for it in your community, you can do very well with them. If you don’t find any of these interesting or you want to do something different, there is no limitation on what you can come up with. Think about what interests you, what you’re good at, and what your goals are. These can all help you find great ideas for potential businesses.
Will your business need money to start up? Businesses that require little to no money to start will be easiest for you. You can use money you saved on your own or borrow money from your parents or another friend or family member. Keep careful records of who lent you what so that you can pay them back.
Gather together whatever supplies you will need. Prepare by setting up a business plan. What are your goals? What is your product or service? Who will you sell to? How will you get customers? You should be able to answer these questions and more before you start conducting business.
You can jump right into your business and start big, or you can start small. Starting small is a great way to ease your way into a business, especially if you don’t have money to start or don’t have a lot of time. Maybe by the time the summer roles around you’ll have more time to devote to your growing business.
If your business becomes a succeed, always consider expansion. You can offer more products, work more, and hire more employees. Think carefully about every decision you make. Make sure it is in the best interest of your company. Who knows, your business could turn into a full time career you can take into adulthood.
Look for more business ideas or money making ideas? Go to TeenMoneyCentral.com where you will find a wealth of information.
- 5 Small Business Start Up Mistakes to Avoid (gotbusinesscards.info)
- Starting a Cleaning Business (onlinesurveysforcash.org)
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