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so i have a business idea..

G

guapo337

Platinum Member
and this business idea could easily be incredibly successful if executed correctly in time, place, and style. however, being a 16-year old high school student, i have no reasonable way to execute the idea, nor do i have the time.. i am not even in the right location.

is there anyway i can get this idea off the ground, without putting my money/ass on the line? if so, how?

should i just write a business plan (i've written one before, i know what to do) and send it out to venture capitalists?
 
What's the idea?

jk

Realisticly.... just give up on it. 95% of all new businesses fail within the first 3 years. Save your money and buy a new car or something useful.

Also.... venture capitalists will not give you money if you are 16-21 and have no business experience.
 
Originally posted by: edro13

Realisticly.... just give up on it. 95% of all new businesses fail within the first 3 years. Save your money and buy a new car or something useful.
Click to expand...

Uhm. Way to encourage a potential entrepreneur.

Talk to your parents, close friends, etc. Is there a time limit on what you plan to do? You could wait, then take advantage.

 
Originally posted by: Blieb
Originally posted by: edro13

Realisticly.... just give up on it. 95% of all new businesses fail within the first 3 years. Save your money and buy a new car or something useful.
Click to expand...

Uhm. Way to encourage a potential entrepreneur.

Talk to your parents, close friends, etc. Is there a time limit on what you plan to do? You could wait, then take advantage.
Click to expand...

ehh yeah. no time limit really..

and about saving money, i dont have any money. the point of a business is to MAKE money.

 
Originally posted by: guapo337
Originally posted by: Blieb
Originally posted by: edro13

Realisticly.... just give up on it. 95% of all new businesses fail within the first 3 years. Save your money and buy a new car or something useful.
Click to expand...

Uhm. Way to encourage a potential entrepreneur.

Talk to your parents, close friends, etc. Is there a time limit on what you plan to do? You could wait, then take advantage.
Click to expand...

ehh yeah. no time limit really..

and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...

So what's this idea you have anyway? I want to steal it and make millions off it. 😛
 
Originally posted by: minendo
Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...
It takes money to make money.
Click to expand...

that is true, and if you dont have money to start out with your screwed
 
Originally posted by: cybpnk
Originally posted by: minendo
Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...
It takes money to make money.
Click to expand...

that is true, and if you dont have money to start out with your screwed
Click to expand...

but if i can get the money from other people by convincing them of the brilliance of the idea, then it's not MY money.

 
Originally posted by: guapo337
Originally posted by: cybpnk
Originally posted by: minendo
Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...
It takes money to make money.
Click to expand...

that is true, and if you dont have money to start out with your screwed
Click to expand...

but if i can get the money from other people by convincing them of the brilliance of the idea, then it's not MY money.
Click to expand...

exactly, now the trick is to figure out how.....
 
Originally posted by: guapo337
Originally posted by: cybpnk
Originally posted by: minendo
Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...
It takes money to make money.
Click to expand...

that is true, and if you dont have money to start out with your screwed
Click to expand...

but if i can get the money from other people by convincing them of the brilliance of the idea, then it's not MY money.
Click to expand...

Unfortunately, you have your age working against you. I'm not saying you don't have a good idea or that you're not capable of executing it, but is a venture capitalist really going to take a 16 year old seriously? That's probably your biggest barrier to getting this idea off the ground in the first place.
 
Don't discourage the guy!

Think about your idea carefully, look for potential competitiors, find out from friends indirectly if they would be willing to buy/try out a similar product or service.


 
Originally posted by: Encryptic
Originally posted by: guapo337
Originally posted by: cybpnk
Originally posted by: minendo
Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.
Click to expand...
It takes money to make money.
Click to expand...

that is true, and if you dont have money to start out with your screwed
Click to expand...

but if i can get the money from other people by convincing them of the brilliance of the idea, then it's not MY money.
Click to expand...

Unfortunately, you have your age working against you. I'm not saying you don't have a good idea or that you're not capable of executing it, but is a venture capitalist really going to take a 16 year old seriously? That's probably your biggest barrier to getting this idea off the ground in the first place.
Click to expand...


i have faith in some people. if i can prove that the idea works, and people would be interested in it (i.e. do new-eyes research, first hand stuff, etc) and then worked without letting anyone know my age until trust and such was found, then it could work
 
Originally posted by: Encryptic

Unfortunately, you have your age working against you. I'm not saying you don't have a good idea or that you're not capable of executing it, but is a venture capitalist really going to take a 16 year old seriously? That's probably your biggest barrier to getting this idea off the ground in the first place.
Click to expand...

Age isn't the issue, a business plan is. Venture capitalists don't buy ideas, they buy plans which demonstrate how a good idea can turn into a revenue-generating business. This means you need to do your homework, by building a prototype, doing market studies (to plumb the appeal of your idea), consider how the product will be manufactured/distributed, among other things.

If all of the above sounds like gobbledygook, you need to visit your public library and start doing some reading.
 
you could sell cole slaw on a stick. they are doing well on the streets of Baltimore

Called "SlawStick". They serve it with pancake syrup.

crazy, but making money
 
Originally posted by: FeathersMcGraw
Originally posted by: Encryptic

Unfortunately, you have your age working against you. I'm not saying you don't have a good idea or that you're not capable of executing it, but is a venture capitalist really going to take a 16 year old seriously? That's probably your biggest barrier to getting this idea off the ground in the first place.
Click to expand...

Age isn't the issue, a business plan is. Venture capitalists don't buy ideas, they buy plans which demonstrate how a good idea can turn into a revenue-generating business. This means you need to do your homework, by building a prototype, doing market studies (to plumb the appeal of your idea), consider how the product will be manufactured/distributed, among other things.

If all of the above sounds like gobbledygook, you need to visit your public library and start doing some reading.
Click to expand...

no i know exactly what you're talking about. so if i made the plan, i could sell it to a venture capitalist for lots of money and then what? how would i be involved after that?

i have no doubt that i can make a kick ass business plan.

 
Originally posted by: Chunkee
you could sell cole slaw on a stick. they are doing well on the streets of Baltimore

Called "SlawStick". They serve it with pancake syrup.

crazy, but making money
Click to expand...

 
Do you know anyone who is experienced in business or has started theur own business? Try talking to them, experience a very valuable tool. Just make sure you trust them not to take your idea and run. In all likelyhood, the best option may be to craft a business plan and sell it to someone. If you are truly determined to do it yourself, you may have to shelve it until you have a college (or at least high school) degree.
 
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