On September 27, 2022, Junior Achievement USA and EY jointly surveyed 1,005 young adults across the United States. According to the report, 58% of teens said they were likely to start a business. These teenagers claimed they wanted to start a business that would solve or meet society’s problems and needs. Three in four teens said they would consider becoming an entrepreneur rather than working for someone else. Almost 55% of teens surveyed were skeptical and needed guidance and training to be successful. 32% said having a role model who is an entrepreneur would be very helpful for advice and support.
Mentoring in schools and universities promotes entrepreneurship among young people. On March 20, Philippine News Agency reported that more than 200 students of San Nicolas National High School (SNHS) participated in a youth entrepreneurship event conducted by Go Negosyo in collaboration with the Department of Education. The session was hosted by Anna Magalona-Goo, a young entrepreneur and founder of But First Coffee PH, a leading cafe franchise based in the Philippines, and James Amparo, founder of the We Will Rice program for farmers. I took the lead.
Startup Center also supports young entrepreneurs in implementing their innovative business ideas. One of his such youth incubators is the Young Founders Lab. Young Founders Lab is a startup bootcamp. Students enroll in revenue-generating startups founded by groups or individuals. With a presence in 62 countries, Young Founders Lab has received more than 4,200 business applications and provided more than 22,000 hours of mentoring. The incubator provided her $390,000 in financial support to management. Young Founders Lab’s notable leaders include Kevin Junker, Michael Bervell, and Luke Heine. Kevin Junker talks about finance and technology, Michael Bervell focuses on media and technology, and Luke coaches technology-based nonprofit startups. Luke’s Fair Opportunity Project has provided free college admissions advice to over 63,000 educators and offered his one-on-one coaching to students. Michael Bervell’s Billion Dollar Startup Ideas program has reached over 850,000 people.
Check out 5 small business ideas for teens.
5. Print on Demand
A young entrepreneur can sell her printed T-shirts and hoodies on demand. Teens can sell these items to their high school classmates or sign up for Amazon Merch on Demand to become creators and earn royalties on every product sold.
4. Landscaping
The demand for landscaping is rapidly increasing. Young people can create and design beautiful gardens around them. According to a report by Grand View Research, the global landscaping services market is valued at $296.09 billion in 2022. The global landscaping services business is expected to grow at a compound annual growth rate (CAGR) from $312.55 billion in 2023 to $484.79 billion by 2030. 6.4%.
3. Photography
Starting a photography business is one of the best business ideas for teenagers. Teens can sell their photos on online platforms like Adobe Stock Studio and Shutterstock.
2. Web Design
Web design is a skill in high demand. Teens can sign up on Upwork to offer web design services. Her web designer on Upwork allows him to earn between $50 and $500 per project.
1. Babysitting
Babysitting is one of his best business ideas for a teenage entrepreneur. Teens can offer babysitting services in their neighborhood. According to Glassdoor, babysitters in the United States earn between $19 and $30 an hour.
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