10 Micro Tips for Micro Businesses: Keep it Manageable

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 9: 1 day until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Keep it manageable

Micro businesses are a perfect business for teenagers to start because they are small and manageable. A teenager should be able to run a micro business and keep up with school work and extra curricular activities.

Running a micro should only take a few hours a week, up to 20 at most. The time commitment should be similar to working a part time job, but the rewards are much greater!

Emily teaches piano lessons to seven students for 30 minutes each week. The three-and-a-half hours a week is not a heavy load, but she is a busy high school student. She charges $8 for a half hour lesson, a very reasonable price, but twice the hourly rate that she would make working fast food. She can schedule the students around her schedule and since they come to her home, she doesn’t have to spend time driving or borrow the family car.

  • Do you have a busy life with your parents expecting you to get good grades?
  • Do you still want to earn some money without being given a funny uniform and being told when to show up for work?

A micro business would be great for you!

Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

10 Micro Tips for Micro Businesses: Use What You Own

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 7: 3 days until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Use what you own

Some micro businesses can be launched without any start up expenses at all. You can often use the equipment and tools you (or your family) already own. Things like:

  • a piano or guitar to teach lessons
  • a stove and oven to cook food
  • a vacuum cleaner and mop to clean houses
  • your two feet to walk dogs
  • your babysitting training to do childcare
  • your computer to do web design

Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

10 Micro Tips for Micro Businesses: Make a Plan

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 6: 4 days until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Create a plan

After you have an idea for you micro business, you should make a plan on paper to help you anticipate anything that might go wrong. By thinking through issues like who will buy your product and to reach them, you will save time, your money and avoid frustration.

A business plan can be kept short and simple for most micro businesses.

A simple business plan should have three main sections

Business Plan Sections

1. Business Concept

  • Description of the product or service
  • Description of the industry
  • How to measure success

2. Marketing Plan

  • Potential customers
  • The competition
  • How will you be unique?

3. Financial Plan

  • Cost of your product or service
  • Price you will charge customers
  • Break even analysis

Starting a Micro Business will walk you through each of these sections and help you plan a successful micro business.

Visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

10 Micro Tips for Micro Businesses: Use Your Talents

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 4: 6 days until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Use your talents and skills

When thinking of a micro business idea, it is best to stick to something you know well, like computers, algebra or music. Believe it or not, you may know quite a bit about somethings that grown ups do not know. Good examples are the internet, computer hardware, social networking, etc. Many of you are better at tutoring a foreign language than someone like me who never learned a foreign language. You might even be better at writing and grammar than some adults because you have just been studying the subject in school. My daughter Emily was my editor for several of my books and corrected a lot of my mistakes. You also have more energy to wash cars, mow grass and play with children.

Make some lists of your skills such as create a blog, change a diaper, bathe a dog or your hobbies such as photography, Facebook, scrap booking, playing guitar. These can become the basis for a micro business.

Kristen turned her love of reading books into a mini day camp for children. Once a week for two hours she had a group of children come to her house. She read them stories and fed them a snack. Mothers used the time to run errands and paid Kristen $40 per child for a 6 week program. Kristen also received a lot of babysitting leads by running her mini day camp.

Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

10 Micro Tips for Micro Businesses: Find a Need

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 2: 9 days until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Find a need and meet it

Micro businesses are simple businesses that can be started very quickly. What do you need to start a micro business? Your need only two things:

  1. A product or service that meets a need
  2. Someone to buy it

That’s it. Two things: see a need you can meet and find someone to pay you for your help.

Sarah volunteered for a great nonprofit organization by giving swimming lessons to children in the summer. The adults running the swimming lessons were wonderful and really knew how to teach swimming, but they didn’t know how to set up a blog or a website. Sarah knew she could help in this area. She saw a need, talked to the nonprofit leader and found herself in business! It can be that easy to start!

To start a new micro business think a a need and who will buy it.

Here’s a need I see that I can meet:_______________________

Here’s who will buy it:_____________________________

Want more ideas on a finding a need that a teenager can help meet?  Read the posts under True Stories   

Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

10 Micro Tips for Micro Businesses

10 Micro Tips for Micro Businesses

Countdown to Starting a Micro Business ebook launch

Day 1: 10 days until the release of Starting a Micro Business ebook by Carol Topp, CPA

on

Saturday, May 1, 2010

As we count down to the launch of Starting a Micro Business, I am going to share tips on starting a micro business.

Today’s tip: Set a goal

A goal for a business can be financial or personal. Maybe you want to try out running a business to see if it could be your future career.

Meghan taught violin lessons to children when she was a teenager. She loved playing violin and enjoyed teaching so much that she decided to study violin in college. Running her micro business helped her find her future career.

Some micro owners have a specific financial goal for their business. Perhaps it is to buy a car, pay the insurance and fill it with gas. Many students run a micro business to help pay for a hobby, a trip or college, while others feed a love for music, iTunes or text messages.

Yara was homeschooled and started a micro business offering babysitting during the day. Her goal for the micro business was to pay for her horseback riding lessons.

Linnea has a goal to visit her homeland of China and started a micro business making and selling jewelry to save up for her trip.

Some micro business owners see their businesses as a launching point for another business. They take what they learned from running a micro and start another business, adding to their knowledge as they go.

Be sure to visit MicroBusinessForTeens.com on Saturday, May 1, 2010 to order your copy of Starting a Micro Business.

For one week, May 3-10, 2010, I will be offering a special bundle package. For the price of the ebook , $9.95, you will also receive a copy of my Teens and Taxes: A Guide for Parents and Teenagers ebook and my audio Starting a Micro Business. This offer is only good for one week. It expires Monday May 10.

Carol Topp, CPA

http://MicroBusinessForTeens.com

Find Micro Business for Teens on Facebook!

Upcoming Workshops

I will be presenting my workshop

Micro Business for Teens: Starting a Micro Business

at the Christian Homeschool Association of PA (CHAP) convention on May 7, 2010 in Harrisburg, PA.

If you attend the workshop, here is the handout I will be using.

Micro Business for Teens Handout

I hope to see you there! Come by my booth and say hello!

and

at the Ultimate Homschool Expo, an all-online homeschool convention

May 3-7, 2010

This is a great homeschool convention from the comfort of your own home, on your time!No crowds! No parking! No hotel bills!

Every workshop is recorded so you can listen at any time convenient to you.

There are also vendor booths (websites) with free ebooks, downloads, audios and printable pages.

Preview chats are going on now! It promises to be a great event.

Buy your ticket here.

Midwest Homeschool Convention

On Friday April 9, 2010 I will be presenting my workshop

Micro Business for Teens: Starting a Micro Business

at the Midwest Homeschool Convention in Cincinnati, Ohio.

Time: 6: 30 pm

Place: Millennium Pavilion Duke Energy Center

If you attend the workshop, here is the handout I will be using.

Micro Business for Teens Handout

I hope to see you there!

Learning how to start a business in a group

Here’s a neat story about a group of teenagers and their adult mentor who decided to learn how to run a business.

Learning in a group setting is a great idea. Why not try something like this among your friends?

http://www.teenbusinesscentral.com/about/

We are a group of teens and one adult from Bonham, Texas.  We met at church and during a book club.  We started talking about making money and the adult decided that we should do something about it.

We talked about how to make money online and the adult (his name is Lyle, by the way) said we should take this ‘journey’ together.  He said that he loves teaching teens and there is not a lot out there for teens who really want to do something with business.  He even pointed out that the Bible has a lot to say about business and finance.  That figures, since he is a youth minister.

We started in November 2009.  Each of us will have a blog (see blogrolls to left) where we will each have our own voice and here in the middle the best of business and money will rise to the top just for you.

These kids have been adding a lot to their site.  Take some time and look around.  You will learn what they are learning!

TeenBusinessCentral

New Biz on the Block interview

I did a radio interview with WDLM, a Moody radio station in the Quad Cities.  Host Jason Crosby and I discussed my article:

New Biz on the Block: Starting a Micro Business in your Neighborhood

(originally published in Home School Enrichment magazine)

Here’s the introduction:

Dictionary-dot-com defines a micro business as a very small-scale business with few employees. Carol Topp believes your teenager should consider starting one.

Carol Topp, CPA, is an accountant and the mother of teenagers. She consults with teenagers launching micro businesses, presents workshops, teaches classes, and has written several articles on business start-ups.

Listen to my interview (8 minutes) on Jason’s blog


Jason asked a lot of great questions such as:

  • How can a teenager get started in a business?
  • How should they market their new business?
  • Do they need start up money?
  • What kinds of work can a teenager do?
  • Will they have to pay taxes?

Carol Topp, CPA