I am extremely frustrated and paranoid about buisness.

Discussion in 'Growing and Managing a Business' started by myles Egbowon, Aug 6, 2015.

  1. myles Egbowon

    myles Egbowon
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    My problem is that I don't know what to do. I want to start up a business now, at 14, but I have no money. I am trying kickstarter, but I don't know if people would like my ideas. I am extremely hesitant to start it, but I really want too. I even have to make some phone calls before u start to make sure I can start it successfully. I don't know what I should do.
     
  2. Joseph.Shivell

    Joseph.Shivell
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    Wanting to start a business at only 14 years old is commendable, but you have to have more than the desire to start a business. There are very few 14 year old kids who can start their own business, but those who can know the kind of business they want to start, and/or have already started one. You are probably already aware that you cannot start a business with no money, which is why you went to Kickstarter. What I'm seeing is, "I don't know what to do", "I don't know if people would like my ideas", "I am extremely hesitant to start", which tells me that you are not ready to start your own business, because you have little faith in yourself. To get people to believe in you, you have to believe in yourself, or give the impression that you do. You have to have a clear idea of what you want to do, and be able to articulate that to others. You have to be excited about what your business can do, and get others excited about it. Then you can go to Kickstarter, and raise the money to start your business.
     
  3. Sotaru

    Sotaru
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    Show passion and excitement about your ideas and it will translate to those who view your product. They will help you if you prove to them how hard you're willing to work. (Referring to kickstarter)

    I also suggest doing a TON of promotion for your kickstarter, YouTube videos, Vine videos, Instagram posts, Facebook posts, Facebook pages, Blogs, Reddit posts, etc, etc.
     
  4. Damien Lee

    Damien Lee
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    You're too young to start a business and I don't recommend it at your age unless it's a matter of survival. Preferably, go work part time for someone in your area that is already running a successful business. Even offer to work for free if this entrepreneur is willing to be your mentor for a couple of weeks or months. Gradually, you'll start learning the ropes and your confidence will build. In a few years you will be mentally prepared to start your own business and even have a lifelong friend that can mentor you along the way.
     
  5. SpikeTheLobster

    SpikeTheLobster
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    That's good advice... unless the idea is time-restrained. In other words, if it's a new idea right now that's totally original and no one else is doing. Then the danger is that someone else will do it before you get the chance. In that case, it may be worth writing up a description, creating an NDA (non-disclosure agreement) and seeing if any local entrepreneurial types are interested. You could even register a copyright, patent or intellectual property claim if it's an awesome idea, to make sure no one can steal it.

    14 is VERY young to start a business, but if the idea is good you can still get it out there and profit from it. By partnering, you can let someone else do the seriously scary adult stuff in exchange for a share of the profits.
     
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  6. veritasvisions

    veritasvisions
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    You're only 14 and want to start your own business? That's great man. Business takes an extreme degree of responsibility and can be very emotionally heartbreaking at times. You should get the experience from someone in the field you may be interested in before you go out on yor own. My honest opinion is that you will get absolutely demolished out there at your age.
     
  7. kaian

    kaian
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    That is good to start early. I would not care much about the business idea for now what is important is you have the desire to start. Go on experience the process and certainly you will learn and that is something we can not take away from you. I wished I had started earlier.
    I guess your first lesson is where to get your funds? You are now thinking and making your strategies well that is good. It may not always be good results but you are being prepared for the future.

    Kickstarter may or may not work and angel investors do not come in always. You can always try who knows you might just get it.
     
  8. CashAware

    CashAware
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    My first words will be: check laws. Check your laws. Check laws of your country, really.

    Being under 18 is a strong thing. It has a link with how the country legally sees you. Any limitation of liability means that someone else would have to take that liability. This means you will need probably to do something in tandem with someone else, taking responsibilities on your behalf, after all. In some countries, it is not even legal to work at that age. So, that matters.

    Then, the question is: won't you earn more money later by investing in yourself with knowledge, rather than with money now? The better skills you have, brighter could be your future. It is like having oil in your garden. Maybe you don't have a car yet, but when you will have to fuel it, the oil will be really useful, and the money by selling the oil will be interesting as well. It works the same for knowledge. Yes, you can stay poor with knowledge. But it is less likely. Think about it.
     
  9. m0n2k

    m0n2k
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    First of all ask your parents to help you. You can work for an allowance and save money from that to start up with. Don't look to do anything big maybe sell candy or something. Flee markets are the best place to start up a business you can sell candy or other cheap items there. Most of all don't give up just keep experimenting with ideas until you find something that's working for you.
     
  10. Nox

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    I think it's great that you have an entrepreneurial spirit at a young age. I have also struggled with choosing what type of business to go to and what if this doesn't work. My main advice is, do not be afraid to fail, don't delay starting your venture because of the fear of failure. Doing something is better than doing nothing, worst case scenario is you can use a bad experience as a learning curve. You're still young, and hopefully your parents are able to support you with your dreams. Sometimes your idea doesn't have to be the next big thing, often it's something that simple and straight forward that takes off.
     
  11. Winterybella

    Winterybella
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    Egbowon, your problem is you really don't have any problems just yet and I would encourage you to enjoy that while it last. I think your desire to be a business person is admirable. At your age there is no need to stress about uncertainties and allow yourself to be consumed by negative thinking. A positive attitude can take you very far in business and prepare you for the challenges of business when you do become an entrepreneur.

    Read and learn as much as you can and use forums like these to point you in the right direction. Success can come at any age but let it take it's natural course and you will know when it's time to reveal that great idea to the right person or persons.
     
  12. Master

    Master
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    Starting business of yours at very early stage in life is good but my advise would be of that you should first learn or attain experience in the field of your interest.
     
  13. kitchie

    kitchie
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    You want to start a business at 14? And without money? That's awesome. Well, if you can start a small time business first and work for it and learn from there. I'm sure you'll be a very good businessman someday.
     
  14. HooktoWin

    HooktoWin
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    Hi Myles, do you know what specifically creates these feelings of frustration and paranoia?
    I started my first business at 15 in boarding school. It was small time but I made money and it was profitable.

    The experiences I learned from that taught me a whole lot about competition, pricing, strategy, order fulfillment and customer service. I learned about problem solving and marketing.

    When I started, there was no Kickstarter, I had zero money, I knew no one and I had no connections. I found a product I knew my customers (other students) would be willing to pay for and then I got to work. I learned how to sell and I used that ability to pre-sell a product that didn't exist yet.

    It would do it all over again.

    If you're serious, you'll need some things to get started (training, mentorship, education, etc.) but you can get all of that for free. For the last three years I've mentored kids, some who started ecommerce businesses while they were still in high school. Some of them had no parents, and no money but they worked hard.

    You can too.

    Andrew McDermott
    HooktoWin.com
     
  15. aspecialist

    aspecialist
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    It's good to hear that at a young age, you really want to go into business, but sad thing is that you don't have a capital. If you have an idea of what business you want to pursue, you can ask help with your family and friends. You can start with small capital and soon you'll have profited out of it. You can also read books, attend seminars to be able to know to handle a business.
     
  16. ArticleBlizzard

    ArticleBlizzard
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    I can't believe some people here are commenting that he shouldn't start a business at such a young age.

    What a load of baloney!

    When I moved from Russia to the states, I was 9 years old. I started exporting old (new but last season) Victoria Secret's clothes to Russia when I was 10 years old. Within a year, I was killing it and I didn't even (technically) have a bank account yet. Now I am 22 and still running a business (albeit a different one). Most of my friends are making below $10 an hour; not me though. Not to mention all the wonderful people I have daily contact with.

    Don't listen to these downers, man. As we say nowadays, do you and f' the haters!
     
  17. manishsqrt

    manishsqrt
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    I don't think you should focus on doing business at 14. It would be highly risky, better focus on studies. Business today has become very competitive and millions of people are investing huge investment everyday. Their is no quick rich method. A business is not a business if it cannot develop competition or if their is not competition in it already, and to compete in such situation you need huge capital, patience, skill, hardwork, don't think it as a easy task. You should first try to focus on studies and get a job. If you have serious financial problems better talk to your parents or some other adult near you. I would suggest you not to invest at all at this stage.
     
  18. Joseph.Shivell

    Joseph.Shivell
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    You are to be congratulated for being able to start a business at such a young age, but Myles's situation is very different from yours. To se the difference, take a look at this part of Andrew's post:

    Now take another look at Myles's post that began the thread:

    See the difference? Both you and Andrew both knew what you wanted, and had a specific business in mind. Myles apparently has nothing except the desire to start a business, but has no idea what kind. He needs to grow a little, find out what type of activities he might be interested in, and whether they can be turned into a business. We're not haters, we just think he needs to grow up a little, and learn about what running a business actually means.
    One last note - although you used the letter "F" instead of the actual word, we all know what it means. I didn't give you a warning - this time - because of the contributions you have made to discussions in the forum, but, in the future, watch your language.
     
  19. MCDA CCG

    MCDA CCG
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    I would encourage you to slow down, and do not allow yourself to be frustrated. As a business owner you need to have and be able to maintain a cool demeanor for your employees and your customers. No idea is a bad idea if you can figure out how to properly market your business and appeal to your customers. Do you have a family member that runs a business or that is a business owner? You should find somebody that you can talk to, learn from, and bounce ideas off of. At 14 years old you have a lot of learning in front of you. Business is not an easy thing, it is not a quick buck. Running your own business is a lot of work, especially for a 14 year old, who still has a full high school schedule in front of them. Bravo for your efforts, keep plugging away but make sure that you put your focus in the right spots. Prioritize.
     
  20. Gerry Speck

    Gerry Speck
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    Well, starting a business at the age of 14 is really great.. But when you are looking to maintain your business, you must have a knowledge of how I can lead my business to success. There is always a struggle at starting as we have examples of so many businessmen, who have started their business at the age of 10 - 12 and still they are succeeding. You have to do some analysis about the previous progress and find out the loopholes and how to recover from this crisis.
     
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