3. Aspiring Teenage Entrepreneur in Need of Help

Aspiring Teenage Entrepreneur in Need of Help

First, be aware that if you are to post on Kickstarter, you should note for people who'll simply copy your product and use their experience to get it to market far faster than you will.

 

But from my own experience being much like you when I was a teenager (at 16 I organised 2 concerts and made about $3k profit in 2 days, then at 18 I started a site that within 2 years topped $200k in a year). But my advice, I highly advise you against spending $40k on this. Sorry for not being more encouraging...

 

Reason is, I know from my own experience that you can get quite a lot of success from pure dumb luck at this age, you'll be dependant on that - pure dumb luck.

And the reason for that is that there is SO much about business which you don't know about and it's much better to fuck up and lose $400 than to lose $40k.

Some things you may not know could be how to start a company and keep it running clean so the IRS/govt. doesn't destroy you. How to find a trustworthy manufacturer in China. How to effectively market this product. How to find out who your ideal customer is. And quite a lot more.

 

So I'd suggest you to hold onto this idea for now and try something lower risk that you can use for experience. Use these next few years trying different things and remember to fail fast.

 

Or just go through with it and either through luck or due to your own skills you could make millions :)

/r/Entrepreneur Thread
Previous
Next

Recently removed from /r/Entrepreneur

Being a small one-person entrepreneur is very disheartening I want to share the ways I make money for many of those looking for ideas. As a 17 year old, what do I even do with $16.5K? Dumping a customer, who’s done it ? Need Ideas For Your Membership Site Niche? Need A Better Way To Monetize It? The ultimate guide to hiring a software developer for non-technical folk NooB Monday! - January 23, 2023 Artisans, Craftsmen, Small-Batch Makers - what was 2022 like for you? Entrepreneurialism isn’t an escape from a job you don’t want to do How do i turn 4k into 8k? I got fired from my job and I want to go to entrepreneurship I want to start my own online business directory Feeling a lot of discomfort while starting my company Launching my first business soon, criticize it! Let’s say you won a small lottery, maybe 2M dollars. What’s the absolute best way to turn that 2M into passive income for the indefinite future that you could live off of.

More Random Comments

Why does Finland teach its students home economics, textiles and woodwork? Unlike in other countries where these subjects are treated as an awkward add-on, in Finland they have become a cornerstone of a child's education. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. [WP] A new drug is developed that gives its users an unparalleled euphoria never before known to mankind. However, the drug has a peculiarity: it will kill the user within a week of dosing, except if the user is either younger than twelve or older than eighty. Libertarian Redditor gets stuck in DC facing temporary homelessness while protesting big government. Another user points out the irony. Honk right back. DLC wish list for Sm4sh Monsanto is One Of The Reason For The Conflict In Ukraine Bear druids NEED to be buffed Tifu by letting my dog in and locking myself out of the house in a snow storm