The Young Entrepreneurs Guide to Starting and Running a Business: Turn Your Ideas into Money! by Steve MariottiFor months, the idea of starting my own summer business had been gnawing at me----partially due to the pressure of school and partially due to my piqued interest in attaining financial literacy. After reading from financial giant Robert Kiyosaki, I later stumbled through the book to launch my plan into action.
This book highlights, chapter by chapter, the essentials to launching and keeping an entrepreneurial business, in addition to success stories (and failures) from young entrepreneurs and world-renowned entrepreneurs we know today, such as Donald Trump, Russell Simmons, and the like. I liked the short snippet stories of how these people rose to entrepreneurial fame. If you already have a basic understanding of accounting terms, stocks, and mutual funds (like me) then the beginning of the book would have passed by VERY slowly. Honestly, for a better grasp on accounting concepts (with colorful visuals and intricate analogies), Id HIGHLY RECOMMEND The Accounting Game: Basic Accounting Fresh From The Lemonade Stand over this. In that respect, I felt this book was trying to guide its young readers through too many concepts that bogged it down as a whole.
However, there were many positives of this book. Chapters 13-25 got to me, seeing as I have no legal or tax knowledge whatsoever. Im glad this book helped break down the basics of filing taxes for businesses. What really took the cake were the last 20 helpful pages which was like the coloring book edition of business plans----ooh lala! Will definitely be using this to map out my business ideas. If not for this book, I wouldnt know who else to turn to!
Businesses ANY Teenager Can Start Today in 2019
Got an Idea? Here’s How To Become a TOP Entrepreneur Today
Even if you're not ready to actually start your business yet, you can do a lot while you're young — in college or even high school — to boost your chances of startup success down the road. These days, almost everyone has the dream of starting their own company. After all, what could be better than being your own boss and bringing your passion project to the world? Of course, jumping into the entrepreneurial world can be a bit intimidating, especially if you fall for the myth that 90 percent of startups fail. The good news is that startup failure rates aren't nearly that high — especially if you use the right tactics to start off strong. So what can young entrepreneurs do to increase their likelihood of success?
Entrepreneurship is a great way to learn new skills, develop connections, and hopefully make money. Entrepreneurship is hard , especially for younger people in general. Success may not mean making tons of money.
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You can do a number of things when you're young to build a better business.
Your 20s are meant for hustling. Millennials and Gen Zers have an amazing opportunity at their fingertips. Since we grew up with technology, we have a competitive advantage to build brands that rely on digital marketing and technology. Most people underestimate how much time there is outside of work if you have a standard job. If you are working at a job you dislike and want to be your own boss, stop complaining about your current terrible job and take action. Grab a cup of coffee after work and start hustling from 6 p.