And, Michael Dell ran his computer business out of his dorm room at college. I can tell you that starting out early in business is a very good idea. Perhaps that’s why many parents who own their own businesses like the idea of their kids setting up a lemonade stand.
Not only does it help them learn the value of money, customer service. All the costs associated with doing business –. It teaches them entrepreneurial skills that they can’t learn anywhere else. Those who go to college too long. Perhaps get the business courses will have a very hard time as entrepreneurs, because their minds think a different way.
Nevertheless, there can be no better training than running your own small business while you’re in high school and college, that’s if you ever wish to be a business manager, CEO. Run your own small business someday. If you want to be successful you’ve to think a certain way, trust yourself. Use your skills to make money.
Those who run businesses while they’re children, also have another manage. If they fail, they can just stand back up and start over again. They don’t have to file bankruptcy, they just don’t have any money left. They still live under their parents roof. Learning the hardships of business and failing early on, helps drive entrepreneurs later in life to prevent those types of situations in the future.
Perhaps this is why that those who start early in their childhood in some sort of small business have the advantage over everyone else. Why do you think I know this?
Well, I started my first aircraft washing service when I was 12 years old, after the proverbial paper routes and other things. I ran my business all through high school and started selling airplanes. Eventually franchised my business. I even had to quit college because my business was doing so well.
It wasn’t easy going to school, getting good grades. Playing sports. Oh yeah, I was also class president of my high school. But those skills I learned early on helped me in business later. Indeed, I definitely had the advantage over my competitors. I learned how to watch all the details, take nothing for granted. I learned which risks I could take. Which ones I should stay away from.
I hope you’ll please consider this if you’ve young children. You want to be self-employed when they grow up. Think on it.
Lance Winslow is a retired Founder of a Nationwide Franchise Chain. Now runs the Online Think Tank. Lance Winslow believes writing 21,500 articles was a lot of work –. Because all the letters on his keyboard are now worn off.