A recent study by Junior Achievement on teenage entrepreneurs found that mant teenagers are afraid to start their own businesses because they are afraid of risk and have a fear of failure.
Of those polled, 74 percent identified risk (39 percent) and failure (35 percent) as the biggest discouragements from starting their own business, compared to 56 percent who cited lack of money to fund their ideas. The Junior Achievement 2010 Teens and Entrepreneurship Survey was sponsored by Sam’s Club.
But starting a micro business is different!
Micro businesses can be started with little or no risk and rarely fail!
It is not necessary to be a risk taker to start a micro business. Teenage micro business owners do not want to take risks; they are in business to learn something and to earn money. Starting a business does not need to be risky. Micro business owners have a purpose—to learn—and usually have a set financial goal for their micro. They can start with what they have on hand and need little or no money.
Starting a micro business does not need to be risky.
There is a misconception that teenagers starting a business must be on the road to greatness and have Microsoft founder Bill Gates as their idol. This emphasis on super-success can be intimidating to a teenager just trying to learn the ropes. Instead, micro businesses can be quite simple. It can offer a tried-and-true method for teenagers to earn cash, such as mowing lawns and babysitting.
Find out how to start a micro business without risk or fear of failure by ordering my book (or ebook) Starting a Micro Business today
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