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maximusharrison

Contributor
Jul 1, 2021
25
24
14
Hello i am New, Please i m 15 year old, i have an idea of a buissnes i am aslo affraid to start, please which advice can you give me ?
Hi there! Welcome to Fastlane. I'm not sure if English is your native language, but generally speaking, 15 is a tad bit too young to legally start a business in most countries. What I suggest is investing your time first on studying up the basics.

You mentioned you have a business idea, try creating a business plan. That could set you up on the right path in accomplishing your business venture. For sure, the business you have in mind has competitors/similar established businesses–you can use them as a reference. Study their core values, mission, vision, and operational methods.

Also, remember that almost every business venture needs funding in order to be mobilized. Try looking for side jobs or anything that earns you an income so that you can start learning some on-the-job skills. Also, I believe that every good businessman starts with a good foundation in personal finance. Once you start earning, learn how to budget, manage, and divide your earnings into different chunks. Hint: this gives you an idea of which you value/need more.

Best of luck!
 

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