At 16 years old, you are probably starting to think about your future. What college do you want to? What job do you want? Maybe you even want to learn how to become an entrepreneur at 16?
If you are reading this article, you most likely are looking to start your own business and become an entrepreneur.
You can become an entrepreneur at 16 by starting a side hustle, learning how to network, managing your time, and growing your business’s social media following. Understanding your competition and becoming an authority in your niche is also needed to become an entrepreneur at 16.
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8 Tips For Becoming An Entrepreneur At 16
Here are 8 tips for becoming an entrepreneur at 16 in 2021.
1. Start With A Side Hustle
Starting a side hustle that will eventually turn into your main hustle is something every entrepreneurial 16-year-old should do.
Why is it such a good idea? Well, it lets you start building up your income while still focusing on your ‘main hustle’ which is most likely school.
Starting an entire business takes a ton of time and effort. However, by starting it as a side hustle, the workload is often much less and easier to manage with your other responsibilities.
Some side hustles you could start are freelance work, blogging, and dropshipping.
If you know you want to start a side hustle but have no idea what to start, I suggest starting a blog. You can blog about anything as long as there’s an audience.
It’s one of the best side hustles in 2021 because of the low start-up costs. With Bluehost, starting a blog costs only a few bucks a month, and getting traffic to your blog is completely free with social media and SEO.
Related: How to Make Money Blogging
2. Learn How To Network
Networking as an entrepreneur is important no matter what business you decide to start. There are always going to be people who are further progressed along their entrepreneurial journey that you can learn from.
When networking gets brought up, many picture it being something someone with a 9 to 5 has to do. But it’s not just employees that have to network.
Networking yields many benefits including new ideas being brought to the table and making better business connections.
Making connections with people who are knowledgeable in your field of work can be hugely beneficial. At 16, you are just starting out and have much to learn. Look to learn from people who are where you want to be in ten to twenty years.
For example, if you want to learn how to become a blogger, find a successful blogger who makes six figures or more a year from their blog.
3. Focus On The Big Picture
Entrepreneurship is a journey. It has many ups and downs, good days and bad days. This is why focusing on the big picture and visualizing the end goal is important.
If your end goal is to run a successful business as an entrepreneur, good for you! Just know that this is. it is something that will happen overnight.
It takes time, and dedication to become a successful entrepreneur. The last thing you want to do is start just to give up halfway through.
4. Manage Your Time
Good time management is an important skill that every entrepreneur needs to have. There are many different aspects to starting your own business, many of which take up a good chunk of time.
Without proper time management, it can be difficult to get everything done on time. You do not want to be that one person who always says they’re busy but always is because of distractions.
It’s easy to get distracted. Thanks to our phones we literally have a portable communication device in our hands at all times of the day.
But by managing your time correctly you can get everything you need to do, done, and still have time to text your best friend or binge your favorite TV show.
5. Grow Your Social Media Following
Entrepreneurs that do not use social media to market their business are doomed to fail. Social media is the easiest way to connect with a larger audience, and it’s one hundred percent free!
If you are hesitant to start because you don’t want a bunch of people online to know who you are l, I’ve got good news for you!
You can make a social media account with your business name and logo. Usually, none of your personal information is public as long as you do not share it publicly.
By creating a social media account for your business, you can start advertising for free and start making money online.
Feel free to check out our articles on starting a profitable social media business for more information.
- 12 Best Instagram Business Ideas
- 9 Best Ways to Make Money on TikTok
- Pinterest Traffic for Bloggers (100,000+ Monthly Visitors)
- 15 Best Instagram Post and Story Ideas
6. Understand Your Competition
Every business has competition of some kind. Competitors are why drive entrepreneurs such as yourself to create better products or services.
Understanding your competition will give you an advantage against them. For example, if you see your competitors have slow shipping times, find a way to make your shipping times faster.
If you go to their website and find it to be glitchy, or have slow load times, make sure yours is faster and more efficient.
These improvements will offer a better experience for your customer and lead to your business outperforming your competitors.
7. Create Business Goals
Creating business goals are essential. Especially for those who are serious about becoming an entrepreneur and plan on dedicating many months as to even years to growing their business.
Goals hold you accountable and help you stay on track to successfully grow your business in a manageable timeframe.
You should make both short-term and long-term business goals. The short-term ones generally being much simpler and easier to complete than the long-term goals.
But these short-term goals are just as important, if not more important than the long-term goals. They act as a stepping stone so you can work your way towards completing the more difficult long-term goals.
8. Become An Authority In Your Niche
Becoming an authority in your niche, or industry is another important tip that 16-year-old entrepreneurs need to keep in mind.
But how exactly do you become an authority in your niche? You can become an authority by being actively engaged in your niche’s community.
This means posting on forums, going on podcasts, or even doing collaborations with other creators.
Along with being actively engaged in your niche’s community, you need to be putting out valuable content.
Anyone can post low-quality content and try to get clicks to make money. This however this does not make you an authority and does not work long term.
By becoming an authority in your niche people, and potential customers will look at your business in a positive manner.
People purchase from businesses that are trustworthy. By becoming an authority in your niche you are helping your business become more trustworthy.
Many teens are looking to become an entrepreneur and thanks to the internet, it’s easier now than ever before.
If you are 16 and looking to start a business, know that it is possible if you are willing to put in the work.
Understand that it takes time to start and grow your own business as an entrepreneur. However, the benefits of becoming an entrepreneur and being your own boss are definitely worth it.
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