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Youth Business Entrepreneurs – Useful Tips

Who is a Youth Entrepreneur?

A youth business entrepreneur is a passionate industrialist, who produces certain selected products and distributes them to consumers to make a handsome profit.

Youth entrepreneurs are usually more energetic to take part in all the commercial activities of their entrepreneurship. They work hard to establish themselves from a very young age in the commercial sector.

The legitimate acceptable age for youth business entrepreneurs to start any commerce is 16. The ideal time for youth entrepreneurs to undergo business training is during their academic term, when they are pursuing a degree or diploma.

Health of young enterprisers has to be stable since, business activities are demanding and can have a bad effect on the health. They are also required to work for longer hours, to achieve the set objectives of the day.

Youth entrepreneurs need to supervise almost all the business activities, and hence they have to be accessible at any time. They also need to prepare themselves to work and conclude the task effectively and successfully.

Important Factors:

Entrepreneurs have to take lot of risks, if they wish to grow and establish themselves in the market. For this, it is important that youth business entrepreneurs prepare themselves mentally to take tough trade decisions.

To start with, entrepreneurs can examine the administration and technical support system of a couple of small business development centers and participate in special management programs. Several universities, colleges, and business schools around the globe conduct venture capital forums, youth business programs, and entrepreneurship seminars.

With the assistance from several collegiate entrepreneur associations, youth business entrepreneurs can educate themselves on myriad topics. Such associations, notify, encourage, and support youth’s business ideas to mold them into successful capitalists of tomorrow.

Further, they can also extend their commercial talent by surfing the internet. They can browse several sites devoted to tips and tricks related to youth entrepreneurships, to educate both the business and mind. Some sites also entail inspirational stories of victorious young entrepreneurs to inspire upcoming youths.

Youth entrepreneurs can hone their skills for executing the business by undergoing training for manufacturing the goods, marketing, packaging, and managing good customer rapport

Youth entrepreneurs need to march beyond the boundaries to achieve huge success in their industrial venture. Therefore, it is essential for them to gain knowledge through reading, experimenting, studying, and observing.

Youth Entrepreneurs Program:

Youth entrepreneurs program motivates young people to initiate their own full-time businesses and pursue self-employment as a career option. Such program accepts applications all through the year from youth aging between 18-29 years.

Young entrepreneurs under this program are eligible to meet a grant of up to $4000 to aid in paying their business start-up costs and capital expenses.

Youths interested in such a program are required to submit a complete program application and a business plan.

The young entrepreneurs program offers grant to repay approved applicants, for suitable business startup costs and capital investments. The grant depends upon the capability of the applicant.

Business Growth – Ethical Best Practices, Part Two

“It’s not hard to make decisions when you know what your values are.”
Roy Disney

Ethics are worth working on. Would you want to do business with McNeil-PPC, Inc., the manufacturer of Tylenol? The company took immediate responsibility when several customers died after using Tylenol that had been tampered with. The company acted to ensure that tampering wouldn’t happen again. Remember six years ago when the combination of separating Firestone tire treads and Ford Explorer rollovers onto weak roofs caused more than 60 deaths? Firestone took total responsibility and replaced all tires pretty quickly at a tremendous financial drain. Ford, on the other hand, initially took no responsibility. Instead, Ford blamed Firestone and repeatedly tried to cover up known manufacturing problems. As a result, Firestone cut off its 100-year long relationship with Ford. There was a conflict of values.

Though these are simplified accounts of complex events, they demonstrate how businesses deal with ethical issues differently.

Here are ways you can provide ongoing ethical best practices for your businesses:

  • Identify and communicate values. Let everyone know inside and outside your organization what the standards and values are for operating your company. Then be sure to live by them.
  • Play by the rules. Shortcuts are the fast route leading to dishonesty. Respect, live and work by the rules you make. Doing otherwise communicates that you believe you are more important than others.
  • Insist that people take responsibility for actions. First lead by example. Implement consequences for inappropriate actions. If you make mistakes, own up to what you did, others will be more likely to do the same. Covering up mistakes or wrongdoing destroys trust. Once that happens, it is difficult to repair.
  • Lead with a moral compass. Expect and deliver integrity in all your interactions. People who act the same when no one is looking as when being watched demonstrate strong character. Actions should not be based on individual situations, but rather on core values.
  • Take action against unethical behavior . Change vendors if they don’t meet your standards. Renounce companies that use child labor to make their products, pollute the environment, mistreat people. Don’t just talk about it; take action, show commitment. An international boycott of companies that invested in South Africa during apartheid is just one example of people and companies standing up for their beliefs. Hitting a target financially can be the impetus that changes the behavior of businesses and even a society.

Keep your eye on the ball. As a business owner, you are responsible for the actions of everyone connected with your business. Make sure they know your values. Your business will be more successful if it works with partners, employees and customers with shared values. If you and your business live by your values, you will feel good about what you do and it will affect the bottom line.

Your Own Internet Home Based Business – Why In the World Would You Start?

This article could be subtitled: Five Questions Any Fool Should Ask Before Starting an Internet Home Based Business.

First of all, look at the risks. I mean, the statistics alone are enough to scare anyone away! 95% of new businesses fail within their first five years. What makes you think you’re any better than any of those poor souls? By taking the time to answer these questions, you’ll be ahead of the pack.

I’m not just any old fool, but I did start my own internet home based business and I’m happy to say, it is profitable. So I’d start with this question.

  • #1. Are you a self starter? That means…Can you kick start yourself? Nobody’s the boss of you. It’s up to you now. Get up, organize your time and get through all those details, get your project done. (Of course, if you’re a self-starter, and your coffee’s ready when you get up…that’s a good start, right?)
  • #2. Are you good at making decisions? My internet home based business requires my attention and I’ve got to make so many decisions. I’m constantly deciding which program to work with, what article to write, and where to have lunch with my best friend, and if I should ride my horse this morning or tomorrow afternoon. Sometimes I have to make these decisions under pressure and all by myself! That leads to the next question,
  • #3. Do you have the physical and emotional stamina to run a business? This home based internet business ownership thing is challenging and a lot of work. When I started, I put in twelve hour days…six or seven days a week!…Ok, not everyone puts that kind of time in, but I did. (You should accept the fact, this business takes commitment, but the good news is, you can play whenever you want, remember?)
  • #4. Do you have a strong drive and motivation? Running a home based internet business can wear you down. You’ve got to motivate yourself to write articles, maintain your website, keep up with your blog, and when well done, watch the money roll in.
  • #5. Does your family know what you’re doing? This business takes time and can be hard on family life. In the beginning, we had to remind ourselves why we started this. My best advice is to make sure your spouse supports you. Set time aside for your family and do the things you love!

There are lots of reasons not to start your own internet home based business. It takes a special talent to be an entrepreneur. Not everyone has what it takes. Don’t be a fool, before you invest your time, energy, money and a piece of your heart, evaluate yourself.

Ask yourself, “Why in the world would I want to start an internet home based business?” It’s hard work and long hours. It takes time, effort and commitment. If you’re satisfied with your answer, then go find the right business opportunity, start planning and get going.

For starters, you can review this list of top 100 home based business ideas. Home based business ownership is a great adventure, enjoy it.