If you love the idea of working for yourself, there’s no time like the present to experiment with entrepreneurship. There are many business ideas for young entrepreneurs whatever your interests and goals. The startups for young entrepreneurs can start with low or zero startup costs. Business owners also have to plan, manage and monetize their time.
They have to develop strategies and build relationships to help them get most profitable entrepreneur business. In order to sell, you need to communicate a certain level of confidence in yourself and your product. So we have problem-solving, planning and management, strategic thinking, relationship management, accountability, communication skills, self-confidence. A young entrepreneur with new lucrative business ideas can write their own ticket in life.
Business ideas for young entrepreneurs
With age and experience comes wisdom, but entering the world of entrepreneurship at a young age can give you an edge as well. Some of the best startups in the world were started by young entrepreneurs, including Facebook, Ikea, Subway and Yankee Candle. Here are a few business ideas for young entrepreneurs.
Handcrafted gifts
Young entrepreneurs with a creative streak and an eye for pretty little things can earn extra money making homemade gifts. Handmade gifts are a great way to earn money during the holidays.
Gift Wrapping Services
Gift wrapping is a marketable skill, nearly indispensable during the holiday season. We’re not just talking foil paper and curly ribbons. Think about hand-painted wrapping paper or gift wrapping that expresses the purpose and theme of the gift itself.
Dog Sitting Service
A constant concern for pet owners who travel for business or who are planning a vacation is having a person or organization on-hand to care for their pet while they are away. Kids are great with animals and can, for short periods of time, serve as a fantastic and loving caretaker for pets by providing regular walking, feeding and grooming services right from the travelers home.
Cookie maker or baker
People LOVE cookies. When used as an income source, cookies and baked goods are easy to make, easy to transport and pretty easy to sell. Kids can learn to find the best quality ingredients at the cheapest price and come up with ways to streamline the production process so the business requires minimal time investment.
Jewelry Designer
One of the most profitable entrepreneur business for kids who have an eye for fashion or a love for creative endeavors is jewelry making. It doesn’t have to be complex pieces with semi-precious stones. Wooden beads, painted glass and hemp bracelets are hot sellers. Designed pieces may be sold online or at local trade shows and church bazaars.
Gift Baskets maker
Assembling and designing gift baskets are a great way for kids to express their creative side while sharpening their ability to identify what the market wants and finding innovative ways to provide. The contents of a gift basket are as varied as the people who order them.
Seed Money investor
In teaching kids to develop an entrepreneurial mindset, you can start by helping them to think of their allowance as seed money. Making it a habit to save some, spend some and invest some of their money is a great way to get them thinking of different ways to grow their income.
Non-profit Work
When you’re young, you are fully convinced you can take on the whole world. Most non-profits are run based on donations. Kids can learn fund raising resource allocation by working closely with a nonprofit… or even by starting their own.
Become an Online Personality
One of the most popular online business for young entrepreneurs these days is blogging. For kids who are social savvy and good communicators, maintaining a blog is a way to publish information, express individuality and even earn money by selling blog-related products and endorsing products that appeal to the blog’s readership.
How-To Videos
How-To videos are fun to watch and usually pretty engaging. When a child has a particular talent, hobby or passion, it’s actually fun for them to show others how to do it. Build a website that focuses on a particular activity and provide the how-to video for free to subscribers who opt-in to mailing lists.
Inventor
Kids are masters of invention. They imagine and re-imagine all kinds of household items. Help them to cultivate that creativity. Later, when they stumble onto something good, it may be time to look at patenting, mass producing and selling the invention.
It’s never too early to groom a child to be an entrepreneur. The new economy is ripe with new business entrepreneur and first-time freelancers who have discovered the best way to increase their income is to fill voids in the market by leveraging hidden talents. Kids have talents as well and being an entrepreneurship is becoming an increasingly valuable skill to have.
