What is a good business idea for a young entrepreneur?

Posted by admin on July 29th, 2011 and filed under young entrepreneurs | 4 Comments »

I’m 15 yrs old. Today i got a mail of this swedish program that helps kids start businesses. We get about 2,000 SEK, and if the business takes off, they help to keep it going. There really is no limit to exactly what you could do, except the money of course. Any ideas?

Find a corner of the market and make some kind of website that caters to that need. Then sell that company and start again. You aren’t going to make the next Facebook or Skype overnight more than likely, but if you can corner enough of some special market with your website, you can sell it for big bucks.

what keeps young black men and women from being entrepreneurs?

Posted by admin on July 25th, 2011 and filed under young entrepreneurs | 11 Comments »

some statistics?
can you give me insight?
facts?

help?

You could say environment, but there are many cases where two people from very similar backgrounds go on to live very different lives. One pursued and took hold of positive opportunities no matter how limited, but the other succumbed to the prevalent negativity. That can apply to "high class" folks too. Look at the heirs and heiresses who live to party or have overdosed on drugs, and then the other half who take over family business or starts their own. I think subconscious programming plays a very huge role in how we go on to live our lives. We pick up these messages from our enviornment (what we see, hear, and feel), and they can go on to dictate how we process and act on incoming information. So one person has a mother who constantly tells them that they can do anything they set their mind to , this gets programmed, and they unconsciously act accordingly; even when they fail, "something " tells them they’ll overcome so they push through. On the other hand you get someone whose mother often says "You never do anything right!". This person might be less likely to try again after failing, and perceived failure just reinforces the subconscious message. As far as urban youth (of any color), the message tends to be that we don’t have opportunities, and only a handful of us can be successful. That may have been true a long time ago, and there are usually people in our lives from that era. Naturally they do and teach what they saw and were taught about those things. Maybe standing back and taking an objective look at things will help us to positively re-program our subconscious belief systems. Honestly there are more opportunities now than there were years ago, we just need to let go of the old views of those who came before us (who actually were oppressed, so had reason to think the way they did) and realize that we do have opportunities, we just have to go for them. *Subconscious Beliefs *

Loans for young business entrepreneurs?

Posted by admin on July 21st, 2011 and filed under young entrepreneurs | 1 Comment »

Does anybody know which major banks (Bank of America, Chase, Wells Fargo etc) are the most young entrepreneur-friendly? I am 23 years old and my partner is 22 years old, and as recent graduates of college we are looking to open a small business around our college town, and we need a loan.

Go to http://www.score.org/mentors and enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE counselor. They will guide you through the process.

SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide and is a resource partner with the U.S. Small Business Administration (SBA).

SCORE has 350 chapters in locations throughout the United States and its territories, with 13,000 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.