The 10 Best Business Ideas for Young Entrepreneur
In this post, I want to deal with the topic of business ideas for young entrepreneurs , especially for those university students who are entering the labor market, to realize that there are not enough jobs, that pay is poor and the hours are arduous. The best thing in this case, and according to statistics, is that you try to start a business idea.
I will give you 10 business ideas that are of little investment, it is not necessary to register with the Treasury, and you can start tomorrow (of course, at least with a business plan sketch).
YOUNG BUSINESS IDEAS
1. ONLINE BUSINESS
In the list of business ideas for young entrepreneurs we have business online . There are three reasons why I recommend this type of business for young people: first, because they know very well how to use the computer and the internet, and the use of social tools such as facebook, twitter, etc.
Second, because it requires little investment; The key for the young entrepreneur to succeed is to start small, and to grow little by little both in his experience and in the capital invested.
And three, it takes time, and that’s something that when you leave the university you have plenty.
2. PET CARE
In the United States for example, more than 36 billion dollars are spent in the pet industry, from food to a dog therapist.
In Latin America we have copied many of these habits, and this business idea for young entrepreneurs is a platform to start an easy business.
Obviously, you need to like animals, and some ideas are the hotel for animals, where people who go on vacation leave them; walk to dogs; Haircut to animals, among others. The big advantage is that you can work from home .
With a very small investment and the right contacts, you can start earning money automatically, by putting vending machines for cigarettes, condoms, food, drinks, coffee, etc., in areas where there is a demand.
For example, universities are suitable points to put this type of machines. The initial investment varies, depending on the machine (type, size and technology). For example, a machine to sell cigars costs approx. $ 500 dollars, while an espresso machine can cost up to $ 5,000.
This business idea for young entrepreneurs is ideal for the talented seller (since you have to convince the owner of the establishment to put your machine at no cost in your store or establishment).
4.BUSINESS RELATED TO THE USE OF TECHNOLOGY
Young entrepreneurs have an advantage over the rest of the population: they have an almost natural knowledge of technology. This is an advantage to take advantage of in a business.
For example, some business ideas may be:
Be a social media consultant (facebook, twitter, etc.) for companies.
Make internet pages.
Teach adults to use their computer.
The freelance is to do jobs from programming, write articles, create a website, translate a document, or any work that can be sent online.
In this business idea for young entrepreneurs , it is not necessary any investment, but the capacity and time to develop the task.
For example, you will have to “auction” your work on a specialized page (such as freelance.com), negotiate a price and time for delivery, develop the work and deliver it by mail.
Many young people are interested in everything that has to do with sports and their physique. This is a business opportunity to start your coach service.
There are several options in this case, from teaching a sport, to giving personalized training to lose weight.
It is advisable to have a relationship with the owner of the establishment, to be able to work at ease in the facilities, and both you and he recommend each other to customers.
You could also be interested in our article: I want to start a business, how?
7. TUTORIALS IN HIGH SCHOOLS OR UNIVERSITIES
This business idea for young entrepreneurs is very common on the internet. I wanted to add it because it has its pros and cons.
On the one hand, it is ideal for those students who know the subject very well, and can teach others to learn as well as to pass the class.
The disadvantage is that from my experience, those who pay for it do so by passing the test. That is, they do not want to study, but at the time of the exam, somehow you pass the answers.
8. FAMILY BUSINESS
The alternative to starting a business of your own is to continue the family business. There are several situations that you have to take care of in this idea.
It is recommended that you have a good relationship with your family, be interested in the business, and have knowledge and skills to manage it. Many family businesses have gone bankrupt once the father passes the business to the child, since he never learned what the business is.
Another alternative to continue the family business, is to diversify the business. That is, use the business as a platform to create new business models.
An example, let’s say that your family runs a bar. One way to diversify the business is to turn it into a restaurant in the morning, and at night handle the model of the bar. Or, for example, if he is a rocker, he can make events for his band at the bar.
9.SALE OF YOUR OWN BRAND
What impresses me most about young entrepreneurs is their ability to innovate. For example, when I have given as synodal in university projects, I have been amazed by new products that seemed impossible to create.
The important thing is this business idea is the following:
It needs capital to both produce, market and sell the product.
It has to be a unique product that does not exist in the market.
You have to develop your own brand, that people relate to your product.
Packaging is important, since it is the image of the product to the first time consumer.
10. MAKE A BUSINESS PLAN
In any of these business ideas for young entrepreneurs , it is essential that you develop your business plan .
The main mistake of any businessman is not to do it, if they do not see the real value of this: it allows you to know beforehand the business where you are going to invest your money. It’s that important.