But you are a 16 years old kid who know nothing about business and stuff. You only know that, the idea can bring you fortune and the idea is to be implemented on the net.
Step by step, what advice would you give the boy?
But you are a 16 years old kid who know nothing about business and stuff. You only know that, the idea can bring you fortune and the idea is to be implemented on the net.
Step by step, what advice would you give the boy?
I had the same thought process as you when I was your age... "This idea HAS to work, it's going to make me rich!"
My best advice for you is to go through with it and see if it works. Wing it, and overcome obstacles as they come.
If it does work out, perfect. Consider yourself lucky to have a great first business project that is successful. If it doesn't - learn from your mistakes but don't let it get you down. Move on to the next venture..If you're like me, there will be plenty.
If you want to be rich, sell products and services.
If you want to be insanely rich, create and control markets.
I must create a system or be enslaved by another mans; I will not reason and compare: my business is to create.
Read The Richest Man in Babylon - first published in 1926, timeless wealth-building principles.
I would tell the boy, make sure you are careful when you discuss the idea with people. Start to build on the idea on paper. Research the people you would want to sell to and if they would actually buy; if not revamp it to fit what they want to buy. Research to educate yourself on what you would need to do to keep it running smoothly and go from there...Keep a notebook and journal or your thoughts on a daily basis.
All in all, I would tell him to take steps and plan carefully, and don't try to accomplish a lot at one time. Some of the best businesses were started after a year or so of careful planning and research.
get a business mentor, businesseye.co.uk Uk emmbers, or score.org is your friend on this one.
Free advie through email what more can you want.
also check out G2E.org.uk for grants etc :>
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