2 answers
Ashley
Student
Roseau, Minnesota
3
Questions
Updated
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How do you start your own business? How do you build your rental business? How do you start out? What are some ideas to share and get your business out so more people know about it.
Do you need to go to college for business to start your own?
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2 answers
Olivia Alford
I am a Strategic Initiatives Manager. My job is related to strategic planning and am a Project Manager.
61
Answers
Orlando, Florida
Updated
Olivia’s Answer
Hi Ashley,
The first step to starting is having a business idea. Then you’ll want to decide on how you will make money from it. For a rental business, you could rent out items, equipment, or property. It is good to start small, learn as you go, and also manage your money carefully. You can use social media, word of mouth, and online platforms to promote your business and what you offer.
Going to college is helpful, but it is not necessary to start a business. Learning basic business skills like budgeting, marketing, and customer service can be very useful. Some people learn these skills through school, while others learn through experience, online courses, or mentorship.
The first step to starting is having a business idea. Then you’ll want to decide on how you will make money from it. For a rental business, you could rent out items, equipment, or property. It is good to start small, learn as you go, and also manage your money carefully. You can use social media, word of mouth, and online platforms to promote your business and what you offer.
Going to college is helpful, but it is not necessary to start a business. Learning basic business skills like budgeting, marketing, and customer service can be very useful. Some people learn these skills through school, while others learn through experience, online courses, or mentorship.
Chandler Archuleta
Engineering Manager
24
Answers
Baltimore, Maryland
Updated
Chandler’s Answer
No you do not need to go to school to start a business. Here are some reasons you may want to consider it. Your state will likely pay for part or all of your tuition if it is part of a certificate program specifically for entrepreneurship in community college. Universities have incubator programs with individual help and networking to help your business grow quickly. Business acumen will be necessary to scale and school is the easiest way to attain it.
The easiest way to start a business with little to no capital is to partner with an existing business or utilize free services. As a high school student partnership is better because free services are more difficult before you become an adult (liability, signature authority, etc.). I wrote a book on this subject called "New Beginnings: Start Your Own Business Workbook". Use it if you need step by step from ideation through launch. I'll provide steps below for the nickel version in case you don't want the book.
Why a partnership? A partnership gives you the things you lack as a high school student just starting out. 1) marketing through the partner business, 2) legitimacy in the partner business will vouch for you, 3) customer intimacy as they are working with your clients while you are in school, 4) a built in mentor who can give you honest feedback your parents, friends and inner circle would be reluctant to provide. A good example is a landscaping business where you partner with a real estate agent. Your labor is less expensive and trust is the currency in real estate. The agent and the home seller gain a feel good story helping you grow your business over an established one. The most important thing is you must provide value and no competition to your partner.
Research what tangential, enhancing, or supplemental services the owner/operator could benefit from. (Marketing, delivery, labor, assistance, etc.)
Create a presentation of exactly what you would do to enhance the goods and services of the owner/operator.
Provide examples of how this has worked for similar owner/operators in other locations.
Ask for a joint phone call between you, your trusted other, and the owner/operator. You will be amazed at the results!
The easiest way to start a business with little to no capital is to partner with an existing business or utilize free services. As a high school student partnership is better because free services are more difficult before you become an adult (liability, signature authority, etc.). I wrote a book on this subject called "New Beginnings: Start Your Own Business Workbook". Use it if you need step by step from ideation through launch. I'll provide steps below for the nickel version in case you don't want the book.
Why a partnership? A partnership gives you the things you lack as a high school student just starting out. 1) marketing through the partner business, 2) legitimacy in the partner business will vouch for you, 3) customer intimacy as they are working with your clients while you are in school, 4) a built in mentor who can give you honest feedback your parents, friends and inner circle would be reluctant to provide. A good example is a landscaping business where you partner with a real estate agent. Your labor is less expensive and trust is the currency in real estate. The agent and the home seller gain a feel good story helping you grow your business over an established one. The most important thing is you must provide value and no competition to your partner.
Chandler recommends the following next steps: