Entrepreneurship for Teens

Being an entrepreneur means starting your own business or finding creative ways to make money. It is about solving problems, taking risks, and making your own path instead of just working for someone else.

1. What is Entrepreneurship

Entrepreneurship is when you come up with an idea, turn it into a business, and take steps to make it successful. It is about being creative, independent, and willing to take risks.

2. Why Should Teens Consider

Entrepreneurship

2.1 Earn money: Instead of waiting for a job, you can create your

own.

2.2 Learn important skills: Running a business teaches problem-

solving, decision-making, and leadership.

2.3 Follow your passion: If you love something, why not turn it into

a business?

2.4 Gain financial independence: You do not have to rely only on

pocket money or allowances.

3. Characteristics of a Successful Teen

Entrepreneur

3.1 Creativity: Thinking of unique business ideas.

3.2 Persistence: Not giving up when things get hard.

3.3 Problem-solving: Finding ways to fix issues when they come

up.

3.4 Confidence: Believing in your ideas and convincing others to

believe in them too.

3.5 Time management: Balancing school, business, and other

activities.

4. Business Ideas for Teens

You don’t need a lot of money to start a business. Here are some ideas:

4.1 Selling handmade crafts (jewelry, art, candles, stickers).

4.2 Tutoring younger students.

4.3 Pet-sitting or dog-walking.

4.4 Reselling clothes or accessories online.

4.4 Baking and selling homemade snacks.

4.5 Starting a YouTube or social media business.

4.6 Freelance graphic design, writing, or photography

5. Steps to Start your Business

5.1 Find Your Business Idea - Think about what you enjoy doing.

What problems can you solve?
Can you turn a hobby into a business?

5.2 Plan Your Business

What will you sell?
Who are your customers?
How much will you charge?

5.3 Budget and Funding

How much money do you need to start?
Can you start small with little to no cost?
Can you use savings, borrow from family, or reinvest your profits?

5.4 Marketing Your Business

Use social media (Instagram, TikTok, WhatsApp, etc.).
Tell friends and family.
Make posters or flyers.

5.5 Manage Your Money

Keep track of your income and expenses.
Reinvest some of your earnings to grow the business.
Avoid unnecessary spending.

6. Common Challenges and How to
Overcome Them

6.1 Not making sales? Improve your marketing or adjust pricing.

6.2 No time? Create a schedule to balance school and business.

6.3 Fear of failure? Start small and learn as you go.

7. Questions to Ask Yourself

7.1 Who will buy it?

7.2 What will you sell?

7.3 How much will it cost to start?

7.4How will you promote it?

8. The Entrepreneurial Mindset

8.1 Be open to learning.

8.2 Take small risks and learn from mistakes.

8.3 Believe in yourself and keep going even when it gets tough.