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Hello world I’m currently in 8th grade and my dream is to become a successful man in business and make large amounts of money. ?

Hello world I’m currently in 8th grade and my dream is to become a successful man in business and make large amounts of money I just need some advice in what type of business I should start and what age I should start it


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Wong’s Answer

Hi Shannon. If your goal is to become successful in business, you need to focus on building valuable skills first rather than trying to find the "perfect" business idea.

While you are in 8th grade, you can start learning about business, money management, marketing, sales, and communication. Read books, watch educational videos, and learn from successful entrepreneurs. These skills will help you no matter what type of business you choose.

You can also start a small business now to gain experience. For example, you could sell handmade products, offer tutoring, provide lawn care, create digital designs, or start an online business. The goal is not to make a lot of money at first, but to learn how businesses work.

Many successful businesses are built by solving real problems. The more experience you gain, the easier it will be to identify good business opportunities.
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Martha D.’s Answer

Hi, Shannon.
The link below lists the most profitable businesses in the UK. I suspect that, in the long-term, making money alone will not provide enough motivation for the hard work and challenges you will likely face as a small business owner. Therefore, I suggest that you:
- Begin writing down all your preferences relevant to work, such as what you like to do, your strengths, what type of people you like to be around, whether you like predictability or variety more, etc. You could link your preferences to the type of job you might want to do.
- Talk with trusted adults about what kind of business they see you in and why.
- Read books about famous entrepreneurs, such as Steve Jobs or Michael Dell. Typically, they were driven by the product they wanted to make or how they want to affect the market. They wanted a reward for their hard work and ingenuity, but the money came second in their success.
- You are too young now, but look for opportunities to work in an existing small business. This will broaden your understanding of what goes into business.
- When you and your parents feel comfortable, see if you could start a small business such as for tending lawns or taking care of pets. Again, this would give you experience and maybe lead to something larger.
I hope this helps and wish you good luck!

Martha D. recommends the following next steps:

Most profitable in the UK -https://countingup.com/resources/most-profitable-business-uk/
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