Successful business planning for entrepreneurs

Some ways are relatively easy while others are full of obstacles.

Successful business planning for entrepreneurs

View As Article Successful Young Entrepreneurs While those who fall under Generation X struggle to move up the corporate ladder because Baby Boomers aren't retiring as early as planned, those who fall under Generation Y have been making their own income in innovative ways.

For many of them, that means entrepreneurship. This slideshow will present some of America's youngest entrepreneurs, and we hope it will inspire you and help you realize that it's neither never too late or never too early to pursue your dreams of being a business owner.

successful business planning for entrepreneurs

Let's take a look at some of these ambitious youngsters. Successful Young Entrepreneurs While those who fall under Generation X struggle to move up the corporate ladder because Baby Boomers aren't retiring as early as planned, those who fall under Generation Y have been making their own income in innovative ways.

Hart Main Hart Main is a year old that came up with the idea of manly scented candles when he was teasing his sister about the girly scented ones she was selling for a school fundraiser. Although she didn't expect him to fully pursue the manly scented candles idea himself, he did, and the idea has turned into a nationwide success.

The available scents include: Today, ManCans candles are in over 60 stores across the country and have sold about 9, units. Main will stick with selling ManCans' inventory until he has to shift his focus back into school in the fall.

I mean, he is only 14 after all. Charlotte Fortin Charlotte is a young high school graduate that followed in both her father's and grandfather's entrepreneur footsteps when she decided to open up a business of her own called Wound Up.

Inspired by some small and funky boutiques in California, Wound Up was opened to be a women's clothing store targeting women between the ages 18 to The store's merchandise includes blouses, shorts, skirts and dresses.

Fortin says that she has quickly grown up, and become much more responsible and conscious because of the experience. Also, despite working an average of nine hours a day, she is still able to keep in touch with her close friends.

Caine Monroy Caine Monroy is only nine years old and already a business owner.

5 Qualities of Successful Entrepreneurs

He's an arcade owner to be exact. After constructing a makeshift cardboard arcade and setting it up in his father's auto parts store in L. His success is supposedly largely owed to an minute video that features the young entrepreneur that ended up going viral on Vimeo and YouTube.

Jack Kim Jack Kim is a Seattle teenager that founded Benelab, a search engine that generates donations. Kim had made some search engines in the past and quickly learned the power of a search engine in generating revenue from little traffic.

He says the search engine's mission is "to make philanthropy easy and more accessible.

Have an Idea

Willow Tufano Willow Tufano is a year old girl from Florida who's mom works in real estate. Tufano had made some money already by clearing houses and selling the possessions on craigslist. So, when she presented the idea of buying a house for herself, her mom was onboard and gave her the support she needed.

They have already got their initial investment back. Tufano plans on buying her mother completely out in the coming years.

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With the housing market potentially picking back up again, she may see an amazing appreciation unfold. Not bad for a year old. Garrett Gee Garrett Gee turned a lucky guess into a business opportunity when the iPad 2 was about to come out.

This university student guessed that once the iPad 2 came out, there soon would be a blog post somewhere listing the top 10 apps for the device. After recognizing there should be easier to use and less clunky QR code software and apps, he made it his mission to be the first one to offer such a product fit for the iPad 2.

He quickly got the iPad 2 into the hands of his iOS developer, and after spending two sleepless nights, he had accomplished his goal.Planning every aspect of your home business is not only a must, but also builds habits that every home business owner should develop, implement, and maintain.

One of the most important characteristics of successful entrepreneurs is the ability to adapt. They also find resources to fill the voids in their knowledge and make up for the skills they lack. When I started my first company, I had no idea how to build a business.

A business plan serves as a blueprint or map that leads the aspiring entrepreneur to achieving the goal of a successful business_1 1/16/05 PM Page 7 CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS The Small Business Administration (SBA). fold up the tent. Follow these 61 steps for the most obstacle-free path to becoming a successful young entrepreneur.

Successful Business Planning for Entrepreneurs differs in approach from traditional college texts that are highly theoretical. This text contains activities and features in which student participation in discussions and group activities is encouraged.5/5(3).

Jul 30,  · Entrepreneurs know that the first step to starting a business is gathering data, doing the research, and coming up with a business plan. Fill it with deadlines, projections, statistics, achievable.

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