10 Strategies to Start a Business As a Teenager

Have a teen home for the summer? Give them a little light reading, a push and some inspiration: Check out Tina Wells’ tips on starting a business as a teenager.

While you are at it, also check out the Young Entrepreneur Council (YEC) – it’s an invite-only nonprofit organization geared toward young entrepreneurs. It promotes entrepreneurship as a solution to unemployment or under-employment providing tools, mentorship and resources that support each stage of the business’s development.

It’s never too early to start. All it takes is an idea, rock solid commitment, creativity and a lot of perspiration. 

Innovation: Back To The Future

In 1974 Arthur C. Clarke predicted we would be communicating with each other from a computer on our desk. He said it would revolutionize the way we relate to one another. He even predicted we could work from anywhere.

Now that the internet, cell phones, apps, texting, etc. have realized his vision, what do you think the world will look like 38 years from now?

Will we have chips in our heads or our entire life history on a ring on our finger? How will technology continue to change the way we work and live?

What are the implications for our relationships?

What’s your prediction?

Raising Our Kids To Aspire To Be Entrepreneurs

An Entrepreneur is someone who “organizes, operates and assumes the risk for a business venture.”

In a recent Teds video, Cameron Herold says we need to be raising more of our kids to aspire to be entrepreneurs, leaders who create jobs, versus getting good “safe” jobs. Even with MBA students we groom them to get corporate jobs. Key tips:

• Teach your children not to waste money.
• Teach your children to save a large percentage of the money they make from an early age.
• Ask your kids to look around the house and yard and come back with a proposal of what needs to get done and how much they would charge for it. Negotiate with them on the final fee.
• Make one night a week story telling vs. story reading at bedtime. Give them 5 items and ask them to make a story about it. This teaches them to think on their feet, develops creativity and polish and confidence with speaking.
• Foster in them the following: attainment, persistence, tenacity, sales, handling failure, boot strapping, speaking, leadership.

I believe that developing a comfort level with taking and managing risks, and working into the unknown are skills and character traits that will only increase in demand in the 21st century.  Why not identify kid’s entrepreneur potential in school versus just slotting them on the talented math, English or science tracks?

These times are screaming for applied creativity in business ventures. What if your entrepreneurial spirit and appetite for taking risks were fostered in school? These can best be addressed, as Herold says, by remembering when you were a kid and all things were possible. It’s time to dream and play. And never give up.

Copyright 2012 Sage Leadership Strategies, LLC All rights Reserved.         www.sagelead.com

Innovation: What Would Grandma Say?

Yesterday as I reflected on my Grandma’s life, I learned that new technologies take longer than we think to make it to market, if at all, or to become popularized and cashed-in on their commercial value.

I’m sure you’ve heard the adage: Is there really anything new under sun?

I’m sticking with Grandma’s leadership this week: old wisdom is the new wisdom. She always said, hold onto your clothes long enough and they will come back in style. I have to admit I have some of her hats and coats from the 40s that I have worn recently!  I also wished I’d kept my fry boots – they’d be back in style and worth a fortune! Yet they were my sole present for Christmas one year when I was in high school, as my parents struggled to make ends meet raising six kids.

It’s all about perspective. Innovation is not about invention. It’s about taking an invention and making it useful, repurposing it and/or commercializing it.

So, I ask you – what exists right in front of you that you could view differently – whether it is a product, a problem, an employee, or your relationship with a family member? What is something that you can change about your life or business that would give you more money in the bank, greater productivity or satisfaction? These are different faces of the same coin. They are all about changing the energy of your current situation.

If you want your business or life to be different – The ultimate question is, how do you take what you have and make it different or conceive of it differently? This is innovation grandma-style – transform the old into the present for future wear-ability and endurance.

© Copyright 2011 Sage Leadership Strategies, LLC All rights Reserved. www.sagelead.com