The Reality of Being a Self-Employed Teen Entrepreneur You go to school, participate in activities, then go to work, then go home and sleep. Rinse and repeat. Sound familiar? Well welcome to the life of the average teenager with a job! The worst part of it all? You’re getting paid minimal wage! Wouldn’t it be great if you could have more control, and make more money? Welcome to self-employment! Start with an idea Think of a need in your local area. This could be anything from someone to mow lawns, to a school tutor. Develop this idea into a basic business model, and ask yourself: What expenses will there be? (Equipment rental, etc) What will be my income? How fast will I earn an income? (figure out a rough hourly wage) How will I get customers? What kind of money will I need to start up my business? Test the waters Create some inexpensive fliers and see what kind of feedback you get. Do a few jobs and see if it’s practical. The key here is to invest as little money and time into the process. You’re just seeing if the idea is a gold mine or a ghost town. … Continue reading The Reality of Being a Self-Employed Teen Entrepreneur