Is Your Child an Entrepreneur? Family Articles | March 8 Cheap John Ross Jersey , 2007 Set your child up for success by helping them become an entrepreneur. A person that knows how to sell, or how to set up a business can find a multitude of ways to make money that will sustain them through their life. You can help your child develop business savy.
Entrepreneur definition: An innovator of business enterprise who recognizes opportunities to introduce a new product, a new process or an improved organization, and who raises the necessary money Cheap Jessie Bates III Jersey , assembles the factors for production and organizes an operation to exploit the opportunity.
Hmm, sounds complicated and certainly not something a child or teen could accomplish. Business is for adults, right? Wrong! These days, talented young people are showing the world that the word entrepreneur can pertain to them.
Junior entrepreneurs are springing up everywhere and we're not talking lemonade stands on a hot summer day! Thanks to the internet Cheap Billy Price Jersey , it's easier than ever for middle and high school-aged kids to start their own business and manage it to the point where it is quite successful and generates a regular income.
The First Steps Toward SuccessIf your child seems to fit the entrepreneur definition and they show a keen interest in developing a new business, there are a few things they'll need to devise and think through in order to be successful.
1. Ideas - Encourage any idea your childteen might have, but help them do research to determine if it is feasible. Find out if lots of other people are already doing the same thing. If so, your budding business tycoon will need to do it differently and better. Determine whether the idea will fill a need. (Remember the old adage that says Cheap Dre Kirkpatrick Jersey , "You can't sell ice to Eskimos.")
2. Resources - Determine whether or not your childteen has the resources to implement their idea. Will they need special equipment to make their product? Must they stock inventory? Be realistic about start-up costs and determine whether you would be willing to "invest" in your budding entrepreneur.
3. Expertise - Is the idea in line with your teen's interest and expertise or will they require help with the project? If help is needed, who might be willing and will they need to be paid? It's always best for young marketing entrepreneurs to start with a product or service that excites them Internet-based businesses are quite popular these days and kids are so internet savvy that these businesses are a breeze for them to set up and run.
What Comes Next?Once you've settled on a product or service, there's still lots of work to be done before you can kick off a new business. Writing a business plan is most important. For any entrepreneur to be successful, a well-thought out business plan is an absolute necessity Cheap Vontaze Burfict Jersey , even if the business seems simple. Think about things such as start-up money, amount of sales needed to make a profit, overhead, etc. Your teen will also need to put on their marketing entrepreneur hat and determine the best way to promote hisher product or service.
Set Your Child Up for SuccessNot every child has the drive that it takes to be the epitome of the entrepreneur definition Cheap Carlos Dunlap Jersey , so reward yours for his ambition by helping as much as possible. Failure can quickly discourage a child, but if parents are willing to use their knowledge to help ensure success, the childteen will be more likely to stick with the project and perhaps even undertake more new businesses in the future.
Currently Cheap Tyler Eifert Jersey , just owning a Bachelor鈥檚 degree is not enough to get a job. The competition for jobs all over the world is extremely high which makes it extremely important for students to go in for higher studies. There are very few universities in India whose post graduate degrees are accepted abroad. Those who wish to earn a job abroad may find that their degrees do not hold the same value compared to a degree from an Ivy League college. A degree in a foreign university is more desirable as it provides Indian students with benefits such as global exposure, excellent research opportunities and associated career benefits. Today, the opportunities to study abroad are available to students easily. After finishing your graduation in India, a post graduate degree in a foreign university helps you have an Indian and global perspective on matters. Post graduate scholarships are readily available for students who wish to study abroad.
Things to remember when applying to a foreign university:
1. In foreign countries especially USA Cheap Geno Atkins Jersey , to be eligible for the post graduate degree, they require 16 years of education unlike in India where 15 years is acceptable. Hence there are two things you can do. First is taking a one year diploma course to make up for the lacking year. The second, if possible, convince the faculty that you don require the extra academic year and can join the post graduate course immediately.
2. Get good references from your college or school faculty. Most universities require valid references along with the application. If you have good references from internships you can use those. It can help boost your application as work experience is always appreciated. A good application can also help you land a post graduate scholarship which allows you to save money.
3. International universities are accredited in a different format compared to Indian colleges. Make sure you do study the colleges you wish to apply to ensure it meets your expectations.
4. Finance is one of the major complications for students. There are several postgraduate scholarships available for students to apply. You need to have all your mark sheets and the acceptance letter from the university to apply.
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