this post was submitted on 16 Nov 2023
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Entrepreneur
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I like the initiative.
I started my first business at 16 and actually sold it at 20 for a decent amount of money. You 100% can start a business at your age, there's just a few limitations you need to work around, both forced by your age and natural. It does make things harder, but not impossible.
My business at 16 was a live events company. I booked locations, bands, organised events and then focused on marketing to sell tickets. This worked for me because on the small scale, my overheads were very low and I knew it pretty well (I'd been playing gigs with my bands since 14). I ran it without a legal structure for a year, then put one in place, and re-invested my profits until I grew it to something big, holding more events and larger ones with higher profile acts that I could charge more for. Even then, I was skirting the law a little by being in these locations (alcohol serving places meant I needed to be 18+).
It's not impossible, but you need to think about what you can do with your limitations and what's most possible for you. Doesn't need to be dropshipping, but you realistically need something you can start with a little money and then re-invest the profits to grow in a big way.
I believe you are right , but in this present society what would you suggest someone could start with?
It’s gotta be some niche you’re familiar with. For example the commenter was familiar with and involved in the gig scene, so they started a gig centered business. The likelihood you’ll just randomly pick something and have success is very low