The rise of entrepreneurship has been an incredible phenomenon in recent years. Many young entrepreneurs want to know how to start a business at 14 but do not know where to start. Below are the 8 best tips for starting a business at 14 in 2021.
You can start a business at 14 by creating a business plan, choosing a product or service, and making a website for your business. Knowing your customer and outsourcing when needed are other important tips for starting a business at 14.
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Can a 14-Year-Old Own a Business?
A 14-year-old can own a business. There is no age limit to starting a business and making money. However, depending upon where you live there may be legal requirements you may need to abide by. This is why it is a good idea to ask your parents for help when starting a business at 14.
Can a 14-Year-Old Start an Online Business?
A 14-year-old can start an online business. One of the best online businesses to start as a 14-year-old is a blogging business.
You can start a blog about literally anything that you are interested in. If there is an audience of people who share your same interest, you could easily start making money online.
Many teen bloggers earn thousands of dollars each month of passive income from their blog. You could as well if you are willing to put in the work upfront.
Creating content for your blog will take a decent amount of time initially. But this time investment will most definitely pay off.
In addition to all that, a blog requires very little initial investment. The only investment you will have to make is the web hosting for your blog.
Overall, starting a blog is one of the best online businesses for a 14-year-old. If you are 14 and looking to start a business that you can do from anywhere in the world, blogging might just be for you.
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How to Start a Business at 14 Online?
You can start a business at 14 online by picking a product or service to sell online, creating your business’s social media accounts, and making a website for your business.
Of those three, picking the right product or service to sell online is probably the most important. If your business does not have a good product, no one will want to purchase it and your business will not be profitable.
8 Tips For Starting a Business at 14
Here are 8 tips for starting a business at 14 in 2021.
1. Create a Business Plan
Having a solid business plan in place is a crucial first step when starting a business. Your business plan should highlight your business’s goals and aspirations, along with how you plan to go about reaching those goals.
2. Choose a Product or Service
Choosing the right product or service can make or break a business. A business that sells a product that brings value to others’ lives is much more likely to succeed than a business that does not.
When was the last time that you wanted to purchase a product or service that did not bring value to your life in some way? Most of us would answer this question and say not very recently.
As a business owner, you want to choose a product or service that is actually worth its price, and people will be willing to buy.
After all, if you are willing to spend all this time and effort into growing a business at 14, you want to have a high-quality product right?
When you decide on a product or service to sell, ask yourself if it is something that is actually valuable and something others are willing to spend their hard-earned money on.
3. Use Social Media to Advertise
If you are planning on starting a business and do not have some sort of social media advertising plan, you are missing out on millions of potential customers.
Social media is the best way to promote your business for free. At 14, there’s a good chance you do not want to spend a ton of money on advertising, so social media provides a good free alternative.
Related: 12 Best Instagram Business Ideas
4. Create a Business Website
Every business needs its own website. Especially now with everything being online. A website makes it easy for you to inform others about what your business does and how it can benefit them.
A professional-looking website can turn a hesitant customer into one that is willing to purchase whatever product or service your business sells.
If you are planning on starting a business at 14, creating a website for your business is seriously something to consider.
5. Know Your Customer
Understanding your customer is another important part of running a successful business. Failing to understand who your customer is and what their wants and needs are will result in a tone of time and potentially money being wasted.
The last thing you want to do is spend your valuable time and effort advertising your product to people who will never be interested.
So to prevent this, try to understand your audience early on. Take surveys, ask questions, think about who is going to be most interested in buying from your business.
6. Scale the Business
Once you establish your business, start advertising on social media, and create your business’s website, it’s now time to start scaling it.
This might mean hiring someone to help out. It could also mean simply increasing your online activity.
For example, instead of only posting on Instagram once a day, you start posting two or three times.
Maybe instead of putting out one blog post a day, you start putting out three.
The whole point is to start increasing the amount of content your business is putting out while automating or outsourcing various parts for efficiency.
7. Consider Starting as a Side Hustle
Starting your business as a side hustle lets you still grow your business while at the same time only taking up part of your schedule. Running a business is time-consuming. Especially at 14 when most are busy with school or other extracurricular activities.
By starting your business as a side hustle you can still grow your business and take enjoyment from being an entrepreneur. But you would only be working on the business part-time.
After all, most 14-year-olds’ main hustle is school. However, this should not discourage you from starting a business and working to turn it into your main hustle.
Everyone starts somewhere and a lot of young business owners first start their business as a side hustle in hopes to generate a full-time income and make it their main hustle.
Related: 19 Best Side Hustle Ideas to Start
8. Outsource When Needed
Outsourcing work and hiring people to do jobs that you simply do not have the time to do is an important part of running a business. As a business owner, once you scale your business to a certain point you will notice it’s getting tougher to do everything on your own.
This is when it is time to consider if you should hire someone to work for you. This would preferably be someone that makes your life easier so you can focus on other important aspects of your business.
However, outsourcing work does come at a cost. Take hiring freelancers for instance. The ones that produce the highest quality work tend to charge a decent amount of money.
But if you decide the cost is worth it and see it as a worthy investment for your business, start outsourcing work!
It can be a very exciting part of running a business and something many business owners look forward to doing.
Starting a successful business that generates a full-time income is no guarantee. But those who are willing to put in the time, effort, and work to succeed often have a higher chance of doing so.
The rise of young entrepreneurs and business owners has been truly incredible. It just goes to show that anyone can start a business, even teens at the age of 14.
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