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Shall i study or shall i focus more on business idea?

Idea threads

What should i do, 16 year old?

  • Study

    Votes: 5 55.6%
  • Follow business idea ( advertising agency)

    Votes: 3 33.3%
  • Shut up and suicide

    Votes: 1 11.1%

  • Total voters
    9

raj163622o

New Contributor
Nov 13, 2022
10
9
All my relatives, my parents are pressuring me to study. I am in 11 th standard. 16 year old. I am quite passionate about my business idea. And i am devoting quite alot of time in it. Hence im getting worse and worse in studies. My parents tell me to get a college degree first than Do wht ever. But i think it like this , she probably will take a debt to pay for my college fees as she obviously is pressuring me to study to get the best college, means most expensive college. On the other hand i don't want her to invest so much in me, because i am not confident that i can ever make it in Subjects. Shall i study first and then go for my business ? I have started advertising agency i started cold emailing and cold calling, have a website. BUT STILL Haven't been able to put as much effort as i should, because i just cant poke my head in it, reminds me of My maths test and then i start to study than i would feel like sleeping because i hate that damn subject so i would procrastinate both of em. I really gotta have 1 aim .
Please help me i really neem guidance. I am going to be honest i dont know if i will ever succeed in building a business, But i sure wanna give it a go at young age
 
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Lex DeVille

Sweeping Shadows From Dreams
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I am quite passionate about my business idea. And i am devoting quite alot of time in it. Hence im getting worse and worse in studies.

One of those does not equal the other.

I'm a Ph.D. student. I also started a business idea at the beginning of this month. I have a 4.0 in my studies, and my new idea is about to cross $3,000 in sales for its first month of operations. The point is, it doesn't have to be a this OR that choice if you really want both.

At 16, you've got a LOT of time ahead of you to figure shit out.

A couple of thoughts immediately come to mind:
  1. You can always do college later.
  2. You can always start a business later.
There is no wrong choice. There is only the choice you choose.

Nobody here can tell you where that choice will lead you.
 

savefox

Bronze Contributor
Speedway Pass
Jun 15, 2022
109
138
School takes like 5 hours per day. Stop procrastinating, playing video games and scrolling on social media. Just work on your business after school and only drop out when you're making good profit consistently. Most people started their businesses while working a 9-5 job with an hour commute and having other shit to do besides work so you have no excuses
 
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O1i

i rather cry in my ferrari
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Jun 3, 2022
37
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Germany
I really gotta have 1 aim.
study or business? damn.

so what will you ask when you have a job working 40h+ a week?

job or business? damn.

then you dont have the opportunity to quit your job because of debt.

recap:
so you will wait till you finished studying and then after work you wait till you out of debt.
you running in a wheel.

do both.
you cant win if you focus one.
you have right now more time than anytime else in your whole life with a lot less obligations.

read what i posted in your other thread and start doing what others wrote there.


i think you are just procrastinating and searching for excuses.
 

Spenny

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Nov 16, 2022
146
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United Kingdom
Why not do both?

I study and do the business. Sometimes the scales tip one way or the other but you have to bring it back to the center.

Do you have someone you can confide in with this type of thing?
 

alexkuzmov

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Sep 20, 2019
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All my relatives, my parents are pressuring me to study. I am in 11 th standard. 16 year old. I am quite passionate about my business idea. And i am devoting quite alot of time in it. Hence im getting worse and worse in studies. My parents tell me to get a college degree first than Do wht ever. But i think it like this , she probably will take a debt to pay for my college fees as she obviously is pressuring me to study to get the best college, means most expensive college. On the other hand i don't want her to invest so much in me, because i am not confident that i can ever make it in Subjects. Shall i study first and then go for my business ? I have started advertising agency i started cold emailing and cold calling, have a website. BUT STILL Haven't been able to put as much effort as i should, because i just cant poke my head in it, reminds me of My maths test and then i start to study than i would feel like sleeping because i hate that damn subject so i would procrastinate both of em. I really gotta have 1 aim .
Please help me i really neem guidance. I am going to be honest i dont know if i will ever succeed in building a business, But i sure wanna give it a go at young age
Why is the third option suicide??????
 
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glvnce

New Contributor
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Nov 14, 2022
20
16
All my relatives, my parents are pressuring me to study. I am in 11 th standard. 16 year old. I am quite passionate about my business idea. And i am devoting quite alot of time in it. Hence im getting worse and worse in studies. My parents tell me to get a college degree first than Do wht ever. But i think it like this , she probably will take a debt to pay for my college fees as she obviously is pressuring me to study to get the best college, means most expensive college. On the other hand i don't want her to invest so much in me, because i am not confident that i can ever make it in Subjects. Shall i study first and then go for my business ? I have started advertising agency i started cold emailing and cold calling, have a website. BUT STILL Haven't been able to put as much effort as i should, because i just cant poke my head in it, reminds me of My maths test and then i start to study than i would feel like sleeping because i hate that damn subject so i would procrastinate both of em. I really gotta have 1 aim .
Please help me i really neem guidance. I am going to be honest i dont know if i will ever succeed in building a business, But i sure wanna give it a go at young age
Depending in what country you reside, college is only worth pursuing if you are looking into a STEM major. Sure, there might be a major or two out of STEM which might get you a job (which allows you to fund your business) but considering your mothers debt is a problem then it might be best to choose a degree which you know will serve you well.

I cannot make decisions for your mother, however I can tell you that most children do not get their higher education paid for. If she is willing to do that for you, and you do not mind the field you are in, I wouldn't see a reason to leave. I would only leave college if you are in a career which has very high unemployment (or opportunities) or if you are in a STEM field but you are unsatisfied with what you are doing. Because as hard as a field like mechanical engineering might be (this is an example), if its something you truly enjoy then I would not see a reason to leave college.
 

FastlanerDoer

New Contributor
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Nov 19, 2022
16
19
Indonesia
School takes like 5 hours per day. Stop procrastinating, playing video games and scrolling on social media. Just work on your business after school and only drop out when you're making good profit consistently.
True, this is what I do right now and my plan. I’ll do the minimum amount of work just to pass and the rest of the time work on the business. Don’t waste time with useless activities that isn’t directed at your goal and purpose, make 100% of your life directed to your purpose and goals. Do the work on the business till you make big huge profits and you could show your family and parents about it then they’ll stop pressuring you to keep studying on school when you yourself can make a lot of money yourself.

Just always stack the business work on top of the school work. Everyday coming back from school just do the business work you gotta do, and study the bare minimum just to pass or get through your parent’s expectation. There’s no excuse to not work on your entrepreneurship goals when you’re young because you have a lot of time. Sure maybe some of that time is going to be taken away from studies and school but you still have time everyday to do your entrepreneurship goals after you go home from school and do homework.
 

Dean Irwin

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Jan 1, 2021
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For now: Please stay in school. I would not have been able to do well in business at 16 years old. Keep building your business, but do not sacrifice your education yet. However, please save or screenshot this post and revisit in 2-3 years, as I needed to hear this around the time when I started college.

As someone who has been in this situation throughout this year … and honestly stressed out about it consistently, time allocation issues become easier to reason about when you assess risk/reward accurately. I am about to turn 22 and am a college senior, so keep this in mind: I haven’t enjoyed my late 20s and beyond yet. I don’t know where my 30s, 40s, and 50s will take me either.

In college, depending on your field of study and place of study, you likely have a 75% chance of walking out with a degree never doing more than what is absolutely necessary (sorry for triggering the engineering students here, I know our coursework sucks). In my studies, this was easy up until my last two semesters, which I am currently in. I am in a position where I don’t really think it’s my fault (very unprofessional university department having a lot of restructuring & political bullshit), but if I spent half the hours I spend on my business in school, I would have kept a 4.0 GPA. Grades slip when less effort is allocated to your courses. What does slipping behind in school mean for you? Does it bring on a lot of risk? What would happen if you had a rocky semester like I am having right now? If this is risky for you, you SHOULD prioritize school. Nothing takes away more joy in life than stress and worry.

On the flip side, with Fastlane in mind, after reading MJ’s books and comprehending them, you have an opportunity to build what can be an incredible business, and one that changes your life (forever!). One of the most valuable things that you can learn from the CENTS framework is… how can you make your business idea less risky? How can you improve your odds of success? How do you get closer to your goals?

If you are going into a business blind, your odds of success in any industry are low (like… really low). If you’re going into a business as the best at what you do, you have a much higher chance of being successful.

Taking the trip with someone who has already seen the ups and downs of business and navigated them can make you more likely to be successful. People have mixed opinions about this on the forum, but I believe that mentorship is helpful. There are lots of people sharing their experience running successful businesses here on this form, and they have helped me a lot with my entrepreneurial journey.

When I started 4 years ago, I did not do everything right. I did some things right, and was able to help support myself in school while I was working on the second attempt. Second attempt was a horrible business (for me personally, it might be a great business for someone else), and involved me working a lot of hours on a project I hated. I think one of the happiest days of my life was when I stopped working on it. Attempt 2 never made it to market and that’s probably a good thing. Now I am on attempt 3. I think I have less money than when I started, but I feel great about my decision to work on attempt 3, because the odds of success are finally in my favor and the risk is much less impactful to me. This has allowed me to take on more risk in my school life, as school has now become plan B instead of plan A.

BEFORE making a decision to put the safe route (75% graduation, 70% job first year out of school) completely on hold, consider what your school can do for you now, and how it can lead you towards the fastlane goal soon. It’s easier (but not easy) to start a business with a 9-5 desk job paycheck. It is not easier to start a business when you’re working a job you hate and you’re working long hours at it.

I think I could have been hot shit in college if I decided to work in my field instead of working towards my (hopeful) future as a bold, young, and successful entrepreneur. I know this because I’ve watched everyone around me do it (get a good job/internship and spend the paychecks as fast as possible). This aspect of the college experience doesn’t matter to anyone past the age of 25, but I would have found it fun spending more time and money going on dates, driving nice cars, and becoming an academic weapon. Instant gratification of the safe paycheck is fun in early 20s I feel. After that, you grow up and hate life because you can’t stand your morning water cooler meetings. I haven’t reached that point where I’m old enough to understand boring adult life yet - but I’m guessing I’m about to in maybe 5–10 years.

I did the best I could do to maximize everything about my college experience and took every opportunity I could to travel, eat nice, party, date (don’t fall for a girl you can’t afford like I did lol), etc. I did good with the cards dealt to me. I advise you do the same regardless of what you end up doing. Yes, I have stayed in school this whole time, and I am somewhat burnt out as of recently juggling school, business building, and bills.

I think if business is the route you’re going, RESEARCH the business and do it well. You can burn a candle at both ends for maybe 4-5 years but then eventually you run out of firepower. You need something to show for those years of enjoy the grind mentality. Otherwise, you will eventually just go back to the safe route, and you’ll tell yourself how much better it is. Go all in on winners; don’t play losers. If you happen to play poker, you understand this concept well, fold if you don’t get face cards.

If you place your odds of business success below 70%, you probably should find ways to either increase your odds, or don’t pursue the business idea.

I decided to take the journey early, and if my risk/reward considerations are correct, I will end up winning in the long run still. I will even have the added benefit of enjoying my unscripted fastlane life 3-5 years earlier than if I started after I turned 25. I don’t have any major regrets in my decision to do this (and in the next few years those few regrets I do have might turn into zero regrets), but I definitely had options I SHOULD have considered, but I didn’t at the time.

My goal with this very long post was to shed some light on my thought process as someone who is in the middle of everything (school and biz) and nothing going “right” as of yet. Hopefully both me and you can look back in a couple years on this post and smile because things are going SUPER AWESOME. I sympathize with you and your journey. It’s not for the faint of heart. However, it will definitely make you one of the real ones long term. People love engaging with this story at bars, and the friends I’ve made through this process all have major respect for me (even though on paper, they have things in their life figured out more so than I do). The courage to do something with risk in a world of safe people is admired by many. I recommend going forward with however you get the best laughs, smiles, friends, and memories you won’t ever forget.
 
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