Teen Business Ideas
A lot of teenagers are coming up with great business ideas that is revolutionizing many industries and earning a lot of profits.
The fact that a lot of great new business plans come from teenagers out of school or in college is not surprising. Some of the largest computer companies including Google and Microsoft were started with ideas that the entrepreneur had while still in school.
Developing a business plan and finding startup funding for a teenage business follows the same principals. However, sometimes it is just harder for a teenager to get an appointment with venture capitalists for funding.
A business plan with a marketing strategy that has been tested and proved verifiable results is essential for teenage entrepreneurs. It is the business plan and the results that can get help a teenage business entrepreneur get VC funding.
A teenage entrepreneur needs to revise the business plans and the sales pitch before meeting with venture capitalists. If the business plans are not professionally done, teenage entrepreneurs face the risk of not being takes seriously by venture capitalists.
There are several business avenues that are open to teenagers. One business service is pet sitting and pet accessory designing. There is some money to be made from this business. Teenagers planning to start a pet business require only a small amount of startup capital. Most times they will be able to get the finances from family and friends.
Teenage entrepreneurs should also find a way to make their age an asset rather than a liability when approaching business investors for funding. One way of doing this is by showing the investor a list of courses completed as well as extra curricular work undertaken.
A teenage entrepreneur who is interested in maintaining a balance between work and school should keep an account of all work done for school as well as for work. The entrepreneur should also as far as possible try and maintain the business within the startup capital provided and not pitch into personal savings.
It may be difficult for teenage entrepreneurs to be taken seriously when they first approach venture capitalists for funding. However, sound business plans and market research that supports the idea will help entrepreneurs find their funding.
For more resources about Invest capital or even about small business investment company and especially about business investor please review these links.
For more resources about Invest capital or even about small business investment company and especially about business investor please review these links.
Article Source: ArticlesBase.com - Teen Business Ideas