Entrepreneurship can start at any age, even adolescence. Recognizing a business opportunity and following through shows future college admissions counselors and hiring managers that you have initiative. Teen entrepreneurs can utilize their social network to help them grow their business.
It’s never too early to start your entrepreneurial journey, so if you’re looking to pocket some extra cash and get valuable experience that lasts a lifetime, starting a business as a teen may be in the cards for you.
Balancing work, school, and your personal life is already busy enough so picking the right business idea for a teen is instrumental to your success. Here are some criteria to consider when you are picking the right business idea:
Make it home-based.
Since paying rent for a business space is costly, adolescents are better off running their business from home to cut costs and even facilitate parental supervision.
Keep costs low.
Picking a business idea with low startup costs will make it much easier for you to break even and start making a profit. It’s never a good idea to start a business in debt.
Flexibility is key.
Business shouldn’t be done during school hours, so a flexible work schedule is key to success and work-life balance. Try keeping your business schedule limited to after school.
Now that we’ve outlined how to set up your business for success, here are some teen business ideas that are perfect for adolescents.
1. Start a blog.
There are over 600 million blogs on the internet and the blogging industry is bigger than ever. Finding a niche to write about and build your portfolio over time is an excellent method to show future college admissions counselors that you have a robust portfolio and unwavering work ethic.
2. Make your own candles.
Candle making is a practice as old as time, but adding your own custom fragrance and materials is a great way to sell products to the local community. Make sure you have a dedicated space to make them like a garage or basement.
3. Develop an app.
Mobile applications are by no means easy to develop, but if you have some coding experience under your belt and app development is something that interests you, you should definitely consider this business idea. It also shows college recruiters and future employers that you have the skills to make your ideas a reality.
4. Become a tutor.
Tutoring is a great business idea for adolescents since they’re able to quickly make connections with customers at school. If you’re good at a certain subject and you’re able to share your knowledge with your peers, starting a tutoring business shows future college admissions counselors and employers that you have mastery in a subject.
5. Consider professional organization.
If you’re an organized and neat person, you may want to consider offering your skills as a professional organizer. This is a skill that goes a long way since it shows that you value a clean work environment and can do the work to make that happen.
Whether you’re looking to save money for college or buy your first car, starting a business as a teen is an excellent way to show you’re dedicated to achieving your financial goals. Entrepreneurship teaches valuable lessons and can help fill up your future resume. The skills you learn from running your own business will last a lifetime. To drive the point home, check out this detailed infographic from SimplifyLLC.
Finally, if you’d like to learn more about the Empowerly program and how we help students applying to college, book a free consultation today.