#FutureSuccess #YoungEntrepreneur #BusinessJourney
Hey everyone! 🌟
So, here’s the deal: I’m 18, I’ve got around 17k CAD saved up, and I’m studying business at a well-respected university. I’m super eager to set myself up for success in the future, especially when it comes to owning my own business. 📈
What steps should I be thinking about right now? I want to make sure I’m on the right track. Here’s how I’m breaking it down:
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Invest in Yourself:
- Focus on your education! Take advantage of your business courses and really absorb the material. 📚
- Network with your professors and classmates; they can be great resources in the future.
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Save Wisely:
- Keep an eye on your expenses and consider investing that 17k. There are some low-risk investment options that could help your money grow over time. 💰
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Gain Experience:
- Look for internships or part-time jobs related to your field. The experience is invaluable, and you’ll learn so much about running a business.
- Even consider starting a small side hustle as practice!
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Build a Network:
- Attend business events and connect with other young entrepreneurs. Who knows? You might meet a future business partner or mentor! 🤝
- Utilize social media platforms like LinkedIn to expand your professional connections.
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Stay Informed:
- Read books, follow business podcasts, and stay updated with the latest trends in the business world. Knowledge is power! 📖
- Set Goals:
- Think long-term! Set clear, actionable goals for what you want to achieve in your business journey. Break them down into smaller, manageable tasks.
So, anyone out there who’s been in my shoes or is on a similar path? What steps did you take at 18 to boost your success? Any tips or experiences you can share? Let’s get a discussion going! Your insights could really help shape my journey. 🚀
Can’t wait to hear your thoughts!
I’d recommend finding a job in whatever field you went to school for. Bonus point if it can align with whatever you think you’d like to go into business for yourself.
From there start collecting the checks from your 9-5 and learn from it, all while building you business on the side. Once you feel your business needs your full dedication, quit the corporate gig and give it a go!
Hi,
First, make the most of your business course. Join in on classes, work on group projects, and look for internships related to your field. Also, try to pick up practical skills like digital marketing, finance, or coding, which can be really helpful if you want to start your own business later on.
I think starting a small business or side project while you’re studying can give you valuable experience. This could be anything from an online store to a service-based business. Managing these ventures will help you learn about running a business, handling finances, and understanding what customers need.
Just keep in mind that this advice is coming from someone who’s an expert in launching private-label products on Amazon FBA. So, if you want to know more about that, just let me know!
Thanks
First figure out what you wanna do. Then go study marketing business and finance. Then go do it.
Learn skills. Learn sales. Learn storytelling. Learn marketing. Learn business. Learn all you can that can translate to other careers. All these will help you out in whatever field you take
First, define precisely what being successful means to you.
I started my first company when I was 21 and raised a bunch of venture capital and ultimately failed.
The truth is what you need is real market experience. Work for a great company so that you can learn what a great company is. Grow in your career and focus on developing your leadership skills, ability to understand markets and how to manage people effectively.
Once I did that in tech all of my subsequent ventures took off.
There’s no secret to success. Find your talents, hone them, be really good at them. Good people skills are super important. Work hard, save, be prepared for downturns and setbacks because they will happen. Most important, my opinion, is to not compare yourself to others.
I dropped out of university to start my business.
Turned out amazing. University is one of the biggest scams when it comes to entrepreneurship.
I think you already know the answer. You want to own a business? Then go start one. It’s simple.
I guess you first have to ask yourself what your definition of successful is? Then ask yourself once you reach that, will it be enough? You see, I’ve experienced and still experience many levels of “success.” And each time, life (or myself) has a way of telling us it’s still not enough.
First define success (for you). Then imagine yourself reaching that point. You might have a bright idea of what it is that you will do to get you to that point but life might have a different plan. Keep your mind open to opportunities because they will come, you just have to be on the look out for it when it does, and they will.
I personally had no idea what I was going to do to get me to where I’m ultimately at now but one day “that” opportunity presented itself. It wasn’t a wow factor surprise but little by little it allowed me to get out of the rat race.
Take your life experience (not just employment) and let it push you to new levels. You have value already and probably don’t realize it. Perhaps you have a great personality that can connect with anyone. Perhaps you’re the person that takes initiative and does things without being told. Perhaps you can see something and automatically find or think of ways to make it better. You see where I’m going with this?
Get in the workforce and let those qualities shine, nothing wrong with getting your hands dirty for a little while and getting some good ol’ fashion work experience. Stay Humboldt and when God sees your ready for the next level, he will surely bring you there.
Good luck with your future endeavors, believe in yourself, and never lose sight of what’s truly important… and I’ll let you in on a little secret… it’s not even success 😊
Buy landed properties and resell later
The greatest asset you have at 18 is time. Use it to find a job where you can really, really learn in someone elses business! Is there maybe a small business in your area that inspires you? Go visit them and ask for a tour. If you like it, ask if you can work there in an interesting role where you can watch and participate in the business leadership. Maybe as an assistant to the CEO or so. Don’t be money focused. Offer to do an unpaid internship if you can afford that, or just minimal pay. So, make the goal experience rather than money.
Compound your money. Long slow grow!
that’s too young so you have lots of time.
figure out what you like actually love to do, which dosent make you bored even when you are working on it for 15 hours a day. that is something you will get in 1% of people.
You’ll find most people struggle very very very hard to get clients so if you can do that well you have a definitive unfair advantage.
So I’d probably look at marketing and sales and learn those.
Choose the right field. Real estate will always have value. If you’re not sure, be a letting or sales agent to know the ropes.
Finance, asset management will be middle road.
For more leading edge, tech, computers etc.
Make connections. Ideally, move to somewhere where there are like-minded people.
Here are some great tips https://medium.com/@elondrarutherford/business-venture-defined-being-a-business-visionary-c55c330739b5
Work with startup founders.
– gain that “if they can do it, I can do it too” mindset
– looking at how others work towards their goal is inspiring, it’ll rub off on you
– you’ll be thrown in situations where you need to achieve a goal with limited resources. This is where you become resourceful.
– prioritise iterations. At each iteration, you MUST learn something
– above all, persistence. The never give up attitude will carry you very far.
Good luck
First mistake you’ve done is studying a business degree at a university. I always do not advise people to study a business degree unless there is a specific reason for it. If you are studying the degree bcs you want to own a company in the future then you don’t need this degree. All you need is capital, time, and discipline.
At 18 with $17k and a business course underway, focus on learning as much as you can. Go into business books and online courses, and get hands-on by starting a small side hustle. Network with mentors and industry professionals to build connections, and invest your money wisely in safe options like index funds. Sharpen your skills in marketing, finance, and management, stay adaptable to changes, and develop your resilience and leadership qualities. This will set a solid foundation for future success.
When I was first starting out as an entrepreneur my goal was to have a business. You think you will make tons of money, drive a nice car etc..
BUT.. this is not a clear goal. Having a business shouldn’t be your goal.
Everything you see around you is a business. So you need to change your mindset to getting customers that will pay you money for something. This could be a service, product, etc…
PS: I suggest you learn about “creative thinking” and “lean framework”.
Go to therapy. Undertand yourself, your values amd beliefs, deconstruct some of them, adress your traumas, learn to self reflect and learn from youristale, how to be more present and focused and less anxious.
A few things:
Have money in savings for emergencies
Invest what you can, with a focus on long term not short term gains
Figure out rather you want to be self employed/own a business or work for someone else so you can plan out rather college financially makes sense for you or not.