I'm 16 years old, I have $28.80 in my pocket, and I'm ready to be an Entrepreneur - Advice Welcome

[Ouroboros]

Hello Everybody,

I'm Mo, a 16 year old from Canada. I finished The Millionaire Fastlane a couple of weeks ago, and for the first time in my life, I found something that I could actually see myself doing without feeling like I'm wasting my time.

Right now, I'm focused on learning copy and raising capital to have on-hand once I find a need I can address. I'm on the twelfth day of @SinisterLex 's 15 day copy-writing challenge, and I'm looking for other advice and opportunities for this forum - if there's anything you'd like to tell a broke 16 year old who wants to live the Fastlane life, hit me up.

 

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[inputchip]

GOLD - Getting started is this simple...

 

[Deleted2BB3x9]

Sell some stuff on Kijiji

 

[Chinobey]

Hello Everybody,

I'm Mo, a 16 year old from Canada. I finished The Millionaire Fastlane a couple of weeks ago, and for the first time in my life, I found something that I could actually see myself doing without feeling like I'm wasting my time.

Right now, I'm focused on learning copy and raising capital to have on-hand once I find a need I can address. I'm on the twelfth day of @SinisterLex 's 15 day copy-writing challenge, and I'm looking for other advice and opportunities for this forum - if there's anything you'd like to tell a broke 16 year old who wants to live the Fastlane life, hit me up.

Don't stress about anything too much you have years ahead of you most people didn't start until at least after 20 so take it slow and maybe get a job might help with whatever you decide to start.

 

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[Ouroboros]

Sell some stuff on Kijiji

Already on it.

 

[Empires]

Welcome to the forum. Good job on getting here so young.

Keep learning, definitely check out all the gold threads.

As far as raising capital, that sounds to me like just an excuse to not get a job. You won't need to raise capital for most ideas. In fact you shouldn't raise capital for most ideas.

Many people often find their fastlane ideas while working at a job. Get a job and save up some money, time is on your side.

 

[Duane]

Welcome to the forum.

If I was 16 again I would definitely get a part time job and open up a checking account through a parent.

Save up some money and put more of your time into enjoying your teenage years rather than starting the grind. You have plenty of time, no need to rush into things.

You will learn valuable life lessons that you can take into your business from a job and be able to save up money to invest into a business down the road.

 

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[amp0193]

Hello Everybody,

I'm Mo, a 16 year old from Canada. I finished The Millionaire Fastlane a couple of weeks ago, and for the first time in my life, I found something that I could actually see myself doing without feeling like I'm wasting my time.

Right now, I'm focused on learning copy and raising capital to have on-hand once I find a need I can address. I'm on the twelfth day of @SinisterLex 's 15 day copy-writing challenge, and I'm looking for other advice and opportunities for this forum - if there's anything you'd like to tell a broke 16 year old who wants to live the Fastlane life, hit me up.

Read @PTP 's threads. He started at your age and was making 6 figures by the end of high school.

 

[Ouroboros]

Thanks for the recommendation, I just finished the thread, and I'm diving into some of the linked threads that were in there.

My biggest question is about the commandment of Entry. There's a huge bandwagon for eCommerce, and from what I've read from people like Biophase, you can differentiate from the herd by looking at needs instead of just being a "hustler", and on top of that, you can go in the exact opposite direction everyone says to go in so that you're in line with Entry.

Am I on target, or is there anything I'm missing with my takeaway that's important to know?

 

[PureA]

Maybe an unpopular opinion but... get a job.

You'll likely get to build a range of skills that you won't learn sitting behind your laptop, and you'll build your cash reserves.

I'm assuming you have very little outgoings, which means everything you earn can go towards your hustle. Having the extra cash will give you a lot more ammo in trying a load of things as well as adding fuel to fire when you got something going for ya.

I know you don't want to hear this. I would've ignored this when I was 16. But really I think it's the best thing for you right now.

 

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[Under-Dog]

Maybe an unpopular opinion but... get a job.

You'll likely get to build a range of skills that you won't learn sitting behind your laptop, and you'll build your cash reserves.

Getting a job is actually a great idea! Yes, we are all here to live the fastlane life but we also need to earn a living in the meantime. Lots and lots of people here have jobs as they work on their fastlane ventures. I literally have learned so much about business and the way companies operate by having a job. Every now and then a boss who gives a shit will come around and could teach you some good lessons.

 

[garyjsmith]

..I'm on the twelfth day of @SinisterLex 's 15 day copy-writing challenge..

I need to give that a shot.

Welcome to the forum! Can't imagine what I'd be doing now if I had found TMF in 2000 (well, probably seeking the person who brought value by building a time machine).

To add what others have said, find a sales gig. Outdoor service companies (fencing, roofing, solar, pest removal) are usually transparent as far as operations. You'd really learn how money works, how to serve people and bring value, how labor/materials/markup is factored, proposal writing, and how to communicate with people, ultimately shaping yourself to pitch ideas. Also, the pay is fantastic. Instead of serving pizza for $5/hr, you'd be making more than someone working a full 40 hour shift at the mall with just one sale. I've worked many jobs, from cashier to quarry haul truck driver; I waited way too long to try sales. Just my two cents.

 

[Ouroboros]

I need to give that a shot.

To add what others have said, find a sales gig. Outdoor service companies (fencing, roofing, solar, pest removal) are usually transparent as far as operations. You'd really learn how money works, how to serve people and bring value, how labor/materials/markup is factored, proposal writing, and how to communicate with people, ultimately shaping yourself to pitch ideas. Also, the pay is fantastic. Instead of serving pizza for $5/hr, you'd be making more than someone working a full 40 hour shift at the mall with just one sale. I've worked many jobs, from cashier to quarry haul truck driver; I waited way too long to try sales. Just my two cents.

I was a bit apprehensive when the others mentioned finding a job, but you've piqued my interest. I get that there's levels to this, so starting out with a job so doesn't seem like a bad idea, even if it's just to scope out the industry and raise a bit of money so I can do some of the more "adventurous" stuff later on.

How would you recommend going about landing such a job? Sorry if it seems like I'm asking for hand-holding, I'm just very new to this whole thing.

 

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[Chinobey]

I was a bit apprehensive when the others mentioned finding a job, but you've piqued my interest. I get that there's levels to this, so starting out with a job so doesn't seem like a bad idea, even if it's just to scope out the industry and raise a bit of money so I can do some of the more "adventurous" stuff later on.

How would you recommend going about landing such a job? Sorry if it seems like I'm asking for hand-holding, I'm just very new to this whole thing.

Google is your best friend when finding a job bud

 

[Deleted2BB3x9]

I was a bit apprehensive when the others mentioned finding a job, but you've piqued my interest. I get that there's levels to this, so starting out with a job so doesn't seem like a bad idea, even if it's just to scope out the industry and raise a bit of money so I can do some of the more "adventurous" stuff later on.

How would you recommend going about landing such a job? Sorry if it seems like I'm asking for hand-holding, I'm just very new to this whole thing.

When I was 16, I tried finding a job but couldn't. So i decided to start a business. Business went well but it ended up failing.
If I could do it over again I would just find a job, you can have time to work a job and run a business at the same time.

Finding the job is the hard part but just make sure your resume is good, and write a cover letter. Also, I would follow up with them afterwards.
You can find a job using indeed.ca

If you can't find a job, look into writing a business plan and applying to a local small business entreprise center. They can help you with funding.

 

[Ouroboros]

Google is your best friend when finding a job bud

It was more about that particular niche, and anything he could tell me about it, I know about the conventional routes.

 

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[Tim Allen Jr.]

Create a process and love the hustle. Large cliche, but i've had drinks tonight and I love it.

 

[amp0193]

Maybe an unpopular opinion but... get a job.

Maybe.

At 16, you can probably make a lot more money hustling/flipping stuff on craigslist (in a lot less time) than you ever could at a job that a 16 year old could land. Since you like to read my suggested threads, read this one: GOLD - A Hustler's Guide To Buying And Selling Anything (Part 1)

A 16 year old has the unique benefit of having all of his life expenses paid for. Why get a job when you have no bills to pay?

Start something. Flex your entrepreneurial muscles. If you fail, well, I guess you're just out $28.80.

 

[Guest3722A]

and raising capital

Something that worked for me a while ago was I researched neckties to see which were most desirable and held the most value and then I went to resale shops like the Salvation Army (several of them) and bought a couple to start for like $3 or $4 each and then I listed them on Ebay for usually between $10 and $30. Around 80% of them sold and this built me up to having enough to get samples for 6 items at Aliexpress with $156 I made from the tie sales. I was only able to afford like 2 samples of this and 2 samples of that at Aliexpress which I also put up on ebay and 2 items (of the 6) sold really well so I kept on recycling the money back into them. Next thing you know I'm the top seller on one of the items and I was having $1200 weeks during the Christmas season. For many here a $1200 week is a blow in the wind but when you're starting with $3 Salvation Army ties, its substantial. This all took a very long time so a ton of patience was required and I'm not saying to go this exact path but if you've got the persistence, you'll find your path.

BTW I do have to give some kudos to @AndrewNC because he saw I was going through a rough time back then and he gave me some advertisement space in one of his Magazine apps. So thank you Andrew, you helped me more than you knew.

 

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[amp0193]

@topherea literally just gave you the step by step plan of action.

Replace neck ties with anything of value.

Or hell, just do neck ties. Why not?

 

[Mark396]

Craigslist free section. People need to get rid of stuff. Some of it's valuable!
You provide the value by picking up quickly and freeing their space.
People move, business' close, and so on.

Some of my best picks:
-industrial & van shelving that sold for $400 from a cigaret company closing down
-pallet of plastic shopping bags. Sold $200 at a flea market and sold the rest to a reseller for $300

 

[garyjsmith]

It was more about that particular niche, and anything he could tell me about it, I know about the conventional routes.

For me, I visited Indeed.com and searched jobs within 10 miles of my current location to find a sales gig. Prior to joining the fencing company, I had started attending Business Networking International (BNI) to rub elbows and meet local business owners (as I had one myself). That opened up the world to me. In the group were realtors, contractors, HVAC techs, carpet cleaners, plumbers, everything. You should see if there is one around you. Finding that underground network in your locale, at any age, is how to go from climbing a ladder to practicing parkour.

 

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[MJ DeMarco]

if there's anything you'd like to tell a broke 16 year old who wants to live the Fastlane life, hit me up.

Read UNSCRIPTED and get the entire blueprint.

Other than that, get a job is good advice. Expose yourself to the world and its problems.

Learn how to sell, communicate, write.

And most of all, enjoy your youth. Time moves faster as you get older. Last time I blinked, I was 32.

 

[Remy7]

Hi Ouroboros, i just turned 16 and i would like to know how things are going for you now 1 year after? Did you get a job? Financial mistakes not to be redone? Things you wish you knew?

Thanks.