Let suppose you are starting business at the age of 16 years old. What sort of business would you venture?

Question

What is the benefit of doing that type of business?

Answer 1

I would either save or borrow money from parents (or get them to allow me a credit card)

Then I would buy computer cases, motherboards, chips, etc all parts at wholesale prices, build custom computers, and sell them to family and friends at a profit.

Once your family/friends realize how good they are, and the deal they are getting, they will recommend you to others.

By the time you are 18 you can be dealing with business owners in the city you live in.

By 25 you can open your own store and deal with the general public as well. :)

The benefit is its a cheaper start up than most... and its possible for a 16 year old to do it. There are a lot of limitations in other areas of business for someone that age.

Answer 2

Check out the following books that I found in my local library system. They offer some awesome pros and cons to a variety of businesses that you can start:

Fast Cash for Kids … Bonnie & Noel Drew
Better than a Lemonade Stand … Daryl Bernstein
50 Money Making Ideas for Kids … Lauree & L Allen Burkett
Jobs for Kids … Carol Barkin & Elizabeth James
The Kids’ Business Book … Arlene Erlbach
Making Cents … Elizabeth Wilkinson
Make More Money Than Your Parents … Mike Bundlie and Others
How to Be a Teenage Millionaire … Art Beroff

Answer 3

hiya.. i want to start my own business too and im only 16 (nearly 17).. but i figured who is going to trust a 16/17 year old to do what ever? i want to be an event planner and nobody would let me handle anything until i am a bit older! so if u still want to have your own business i would suggest getting some more qualifications or setting up a business which isn't really important or easily messsed up.. good luck x

Answer 4

You should think about your talents and interests. I love German Shepherd Dogs and I'm good with them, so now I'm a breeder and share these dogs with others that are passionate about these dogs. You do what will make you happy. Good luck!