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I need learning about starting a business

Hi, My name is William, I am from Denmark and I am 17 years old. I would like to start my own business one day, and my ultimate goal is to be financially independent once I reach 30 years of age. I am currently working on a dropshipping website as a side hustle so that I can receive an income that I can use to start my business later on. I currently do not have a business idea, but I am looking for mentors to teach me everything about business, website creating, getting started, and much much more. I want to make it clear, that I am NOT looking only for one mentor (unless you know everything of course). I am looking for many mentors with different expertise, so I can learn different stuff from all of you. Hopefully, I can put all of that together, and end up with my own business one day. I currently also work a 25 hours per week job, but I hope to quit that, once I am ready to start my own business.

Thank you for reading all of this. I look forward to wright with you guys and learning a lot from you.

Best regards,

William

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11 answers

Hello William, there are a lot to consider before actually starting a business, but the most important out of all, is to find your product/service. In order to find it, you have to think which industry best suits to your personality and your skills, and "why" this product/service would be worth being bought by someone. When you finally pick your product/service, then you will be able to move to the next steps. But before actually finding your product, it has no sense to jump in the next steps.

Hope this helped you in a way.

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Hello William; while looking for Mentor maybe you should set hands on this Book and study it in details and then take action while on the going. The Personal MBA 10th Anniversary Edition Paperback – September 1, 2020 by Josh Kaufman

here is what it's been said about the book. Inside you'll learn concepts such as:

The 5 Parts of Every Business: You can understand and improve any business, large or small, by focusing on five fundamental topics.

The 12 Forms of Value: Products and services are only two of the twelve ways you can create value for your customers.

4 Methods to Increase Revenue: There are only four ways for a business to bring in more money. Do you know what they are?

Business degrees are often a poor investment, but business skills are always useful, no matter how you acquire them.

The Personal MBA will help you do great work, make good decisions, and take full advantage of your skills, abilities, and available opportunities--no matter what you do (or would like to do) for a living.

Report Armand's answer

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Beware of the need to assess your enterprise potential market, its competitive aspects and the need to finance your startup based on sound market research and expense vs. revenue sales forecasts.

As a small business counselor I have noticed there seems to be a belief that automation, the Internet and social networking can make the business succeed when in fact the real design of the enterprise itself may be lacking (niche, market base, business plan, competitive analysis and financial forecasting)

I hear from many clients who ask, "What Now?" having launched an enterprise that is going nowhere because they are driving the tools and not the car.

I take them back to the garage; design the auto to see if it can run and then apply the wrenches retroactively if that is possible. It is usually a traumatic experience and could have been avoided with strategic and business planning before launch.

For more specifics on designing a solid vehicle and road map before you invest in tools, please see the following article at the FREE web site I maintain as an extension of my volunteer work:

https://www.smalltofeds.com/2015/05/are-you-driving-tools-not-car-in.html

Report Kenneth's answer

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starting a business comes from idea of knowing what you enjoy doing. that is you have to discover what you want, then you study people doing similar thing, think of doing it better than them.

you can start by way of studying it, learning as an apprentice then you register your own company after you have gained mastery of the work or business you want

Report Adefunke Sherifat Ase's answer

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starting a business comes from idea of knowing what you enjoy doing. that is you have to discover what you want, then you study people doing similar thing, think of doing it better than them.

you can start by way of studying it, learning as an apprentice then you register your own company after you have gained mastery of the work or business you want

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You are welcome to MicroMentor Williams, You can always achieve your dreams by checking your Swots and Analysing it to start planning and exhibiting your Ideal Business or Profession. Good Luck Williams.

Report Ayoku's answer

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Your Dream is achievable Williams but not by tapping from Mentors alone but by investing in yourself too. Good luck.

Report Ayoku's answer

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If you are just getting started with creating a business, there is a workbook that you can use – Simple Steps:

http://s3.amazonaws.com/mentoring.redesign/s3fs-public/SCORE-Canon-Simple-Steps-Starting-Business-2014.pdf

Page 66 of the workbook is where you have to answer some critical questions about starting your business. If you are having trouble downloading and going through the workbook, you can also go through the online course which consists of 12 Chapters:

https://www.score.org/startup-roadmap

Unfortunately for many, you will need to have a good online connection to download and use the resources linked above.

Report Matt's answer

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