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Teen Entrepreneur Toolbox: The Small-Business Guide for Teens
Posted by: Jeff Howard, eKI Growth Coach | June 8, 2018
Home >> Family Entrepreneur Journal >> Teen Entrepreneur Toolbox: The Small-Business Guide for Teens
The land of opportunity has many routes that can be taken! Entrepreneurship is a dream for many people around the world. The idea of starting and running your own business is exciting and inspires creativity and freedom. But, the truth is, it’s hard work. Oftentimes, harder than a regular 9 to 5 job.

For teenagers, this is especially challenging when they must combine school, activities, social commitments, and home life. Even among thousands of books, very few provide details on how to help a teen start and grow a small business. But, the doors of opportunity are opening wider for this new generation of teen entrepreneurs.
In thanks to the Dave Ramsey Organization and Anthony O’Neal, aspiring entrepreneurs 12-18 now have guidance on the road to small business ownership. The Teen Entrepreneur Toolbox: The Small-Business Guide for Teens, provides a set of steps every teen can take to start and grow a small business.

The toolbox provides 8 practical steps to help teens and parents turn an idea into a real business from making jewelry, walking dogs or something more capital intensive like opening a food truck. The Toolbox also includes examples of ordinary teens who have made the transition into successful entrepreneurship.
The 8 steps include:
1. Set your goal: Learn how to set smart goals and save money

2. Find your idea: Identify a business idea that is fun―and profitable

3. Name your price: Figure out what your product or service is worth

4. Build your business: Create a marketing plan that works

5. Win with customers: Learn the basics of customer service

6. Get organized: Learn how to manage your time, calendar and appointments

7. Make your money work: Create a budget and make smart money decisions

8. Focus on the future: Develop a plan to grow your business
The Toolbox includes additional components:
  •  Teen Portfolio: Explains the eight steps and helps teens understand the importance of each one.
  •  Parent Guide: Gives parents the information they need to help their teen navigate the eight steps. Includes practical ideas for each step in the journey.
  •  DVD: Reinforces the Portfolio with humor and common sense. A twenty-minute video with descriptions of each step from the author.
  •  Goal Tracker: Keeps teens on track by showing visual progress towards their goals.
  •  Conversation Starters: Sparks conversations about the challenges of running a business via Question and Answer flash cards.
  •  Thank-You Cards: Keeps teens in contact with customers and demonstrates the value of customer service. 
  •  The Teen Entrepreneur Toolbox App: Extends the information to many more great online resources with an access code.
  •  Teen Portfolio: Explains the eight steps and helps teens understand the importance of each one.
  •  Parent Guide: Gives parents the information they need to help their teen navigate the eight steps. Includes practical ideas for each step in the journey.
  •  DVD: Reinforces the Portfolio with humor and common sense. A twenty-minute video with descriptions of each step from the author.
  •  Goal Tracker: Keeps teens on track by showing visual progress towards their goals.
  •  Conversation Starters: Sparks conversations about the challenges of running a business via Question and Answer flash cards.
  •  Thank-You Cards: Keeps teens in contact with customers and demonstrates the value of customer service. 
  •  The Teen Entrepreneur Toolbox App: Extends the information to many more great online resources with an access code.
With the information and resources found in the Teen Entrepreneur Toolkit, teens can take any business idea like a neighborhood lemonade stand to the next level. Combined with parental support, kids have a good chance of success to grow their business and Win! Soon we will usher in the next generation of business leaders like Ikea founder Ingvar Kamprad, Dallas Mavericks owner Mark Cuban and Virgin Records mogul Richard Branson.

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