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Why a Home-Based Micro-Business is Great For Teenagers
By Carol Topp
A micro business can be a great way for a teenager to make money. Micro businesses are usually manageable, easy to start and do not require a lot of start up money. Another reason why a micro business is great for a teenager is that it can be run from home.
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Some small business owners feel they are not a real business unless they have a storefront. They might believe no one will take them seriously without a physical location or office. But a teenage micro business owner knows that a storefront or office is not necessary for making money. Instead, a building or rented space can be a drain on finances and kill a business.
Not only are home-based businesses cheaper to run , but they also fit the lifestyle of a teenager. A teenage micro business owner can work just about any time they wish, late at night or even before school, on the weekends and during school breaks. I get e-mails from my teenage micro business clients at all hours of the day and night (some at 1:00 am) because they can work on their business when they have time.
Another advantage to being home based is safety. The parents of a teenager feel a lot better knowing where their child is. Some teenagers I know work at jobs in fast food or amusement parks well past midnight and then have to drive home tired and sleepy. That is not safe for them or anyone else on the road.
Micro businesses are usually home based with no physical location. This allows tremendous flexibility if the teenage owner moves or starts college away from home. Their business can move with them if needed.
Phil started his business web design business while in high school. When he started college, he rented two dorm rooms, one to sleep in and one for his office (with a desk, two computers and three monitors), so he could continue to operate his micro business while attending college. He plans to keep his business home based (or really dorm based) as long as he can-maybe forever.
If you like the idea of a home-based micro business, ask yourself a few questions to get started:
Do you have a place in your house to start a micro businesses?
What space do you need? It might be a lot less than you think.
What equipment (like a computer and printer) do you need?
What do you (or your family) already own?
If you can answer those questions, then amicro business would be great for you! Just having a place or using your current stuff is a great start, but it is not all you will need to run a micro business. You will to learn about a lot of other things including customer service, marketing, record keeping and taxes. You can learn these things as you go along.
Start by reading the articles on my website http://MicroBusinessForTeens.com
Carol Topp, CPA is an accountant that has helped many teenagers start and run micro businesses. She launched her website http://MicroBusinessForTeens.com to help teenagers get started in running a micro business and to learn a lot, but not lose their life.
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