EconWatch (July 28, 2020)
Over the past few years, the business industry has seen a steady rise in student entrepreneurship. According to Online Schools Center, 41 percent of middle and high school students plan to start their own businesses and 45 percent say that they will invent something world changing.
Famous salesman Zig Ziglar once said, "If you can dream it, you can achieve it." In the modern world, any goal is attainable with grit and passion. Bearing the uprising trend of youth entrepreneurship in mind, here are the 3 Ps to student entrepreneurial success.
1. Passion: When creating your first business, it is important that your start-up’s mission aligns with your core values! The greater interest that you have in a venture, the more likely you are to continue committing to it.
2. Plan: Although it may be tempting to start rolling with the first entrepreneurial idea that comes to mind, remember that planning guarantees stability in the long run. Always think of all the potential roadblocks that you may face -- and pre-plan to solve them beforehand!
3. Pursue: There is quite literally no better time than now to pursue a venture. Under normal circumstances, you’d likely be caught up in the mix of juggling test prep, APs, and extracurriculars. Be sure to take advantage of these times to secure and scale your venture!