RazorCut
Legendary Contributor
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
It seems you want to run before you can walk.
Basically needing 6 years gross annual salary to fund your first startup is pretty unrealistic, especially at your age with no track record. Don't expect any business angels to be knocking on your door anytime soon. Kudos to you for thinking big but you need to lower your sights some.
You're young (I wish I was your age) so you have plenty of time and now is a wonderful time to be alive as there are so many opportunities out there and so much valuable information so freely available.
So probably your first step to entrepreneurship should be looking out for the needs of the people in your locality. A service business perhaps. Gardening, Window cleaning, jet washing, dog walking, fence painting, gutter cleaning, shopping for the elderly. There are loads of business opportunities out there that you can start quickly and on a low budget. Not sexy I grant you but a good starting point. This is a great place to learn the craft of entrepreneurship and I can assure you there is a lot to learn.
Once you build a decent client list you can look at employing others to free up your time and increase your turnover so you can then use these extra profits to fund the shift to the next run of your entrepreneurial ladder.
Don't be in hurry to conquer the world and don't get disheartened. You can't buy experience, it takes time, but remember it's the journey that's most rewarding not the destination.
Basically needing 6 years gross annual salary to fund your first startup is pretty unrealistic, especially at your age with no track record. Don't expect any business angels to be knocking on your door anytime soon. Kudos to you for thinking big but you need to lower your sights some.
You're young (I wish I was your age) so you have plenty of time and now is a wonderful time to be alive as there are so many opportunities out there and so much valuable information so freely available.
So probably your first step to entrepreneurship should be looking out for the needs of the people in your locality. A service business perhaps. Gardening, Window cleaning, jet washing, dog walking, fence painting, gutter cleaning, shopping for the elderly. There are loads of business opportunities out there that you can start quickly and on a low budget. Not sexy I grant you but a good starting point. This is a great place to learn the craft of entrepreneurship and I can assure you there is a lot to learn.
Once you build a decent client list you can look at employing others to free up your time and increase your turnover so you can then use these extra profits to fund the shift to the next run of your entrepreneurial ladder.
Don't be in hurry to conquer the world and don't get disheartened. You can't buy experience, it takes time, but remember it's the journey that's most rewarding not the destination.