Mind Your Own BusinessMind Your Own BusinessStart it . . . Grow it . . . Own it!Start it . . . Grow it . . . Own it!
Putting Your Business Ideas to WorkPutting Your Business Ideas to Work
The U.S. Small Business Administration and JA WorldwideThe U.S. Small Business Administration and JA Worldwide
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
Computer software for Computer software for home and officehome and office
Bill GatesBill Gates
Microsoft, 1975Microsoft, 1975
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
BIG BIG IDEAIDEA
The number of businesses started byThe number of businesses started byyoung entrepreneurs might surprise you. young entrepreneurs might surprise you.
Throughout this presentation Throughout this presentation you will find big ideas from you will find big ideas from
young entrepreneurs like you.young entrepreneurs like you.
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the minds of:From the minds of:
The business:The business:
Online shoe salesOnline shoe sales
Tony HsiehTony Hsieh
Nick SwinmurnNick Swinmurn
Zappos.com, 1999Zappos.com, 1999
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Teens Mean Business
Creativity Initiative Hard work Success
Welcome to the worldof small business ownership!
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
A record label for rap musicA record label for rap music
Russell SimmonsRussell Simmons
Def Jam Records, 1984Def Jam Records, 1984
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Mind Your Own Business www.mindyourownbiz.org
Teens’ online resource to plan, start, and run a business
Created by JA Worldwide and theU.S. Small Business Administration
Launched September 13, 2005
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
Cookies from scratchCookies from scratch
Debbie Fields,Debbie Fields,
a.k.a., Mrs. Fieldsa.k.a., Mrs. Fields
Mrs. Fields CookiesMrs. Fields Cookies
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
5 Key Areas of AchievementExplore - Plan your career as entrepreneur
Succeed – Online success stories aboutteen entrepreneurs
Connect – The importance of networking
Build – Tips on business organization, money management and creating a business image
Decide – Get help with the crucial businessplanning stages
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
Cosmetics for the Cosmetics for the Latina complexionLatina complexion
Monica RamirezMonica Ramirez
Zalia Cosmetics, 2001Zalia Cosmetics, 2001
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
EXPLORE…what if?So you want to run your own small business…be your own boss?
These are the seeds of entrepreneurship of whichevery successful business begins.
Your first steps: Understand and know yourself – what kind of entrepreneur are you? What are your interests? What is most fun for you? How do you like to spend your time? How hard are you willing to work?
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the minds of:From the minds of:
The business:The business:
Organize information Organize information on the Webon the Web
Segey BrinSegey BrinLarry PageLarry Page
Google, 1998Google, 1998
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Decide…now what?
You decide that you have what it takes!
Constantly innovate
Are committed to serving their customers
Understand their strengths and weaknesses
Are realistic and well researchedAre realistic and well researched
Have a clear sense of purpose and understand their product or service
Businesses succeed because they:
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
Nail polish in that perfectNail polish in that perfectshade of blueshade of blue
Dineh MojajerDineh Mojajer
Hard Candy, 1995Hard Candy, 1995
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Build…make it happen
Make it legal Research and select the right legal structure Name your business and product
Create your image Have a good strategy
Mange your money Where will your money come from? What profit do you expect?
Organize it How will your business get things done? Who does what?
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
African-American cable African-American cable television networktelevision network
Robert L. JohnsonRobert L. Johnson
Black Entertainment TelevisionBlack Entertainment Television(BET), 1980(BET), 1980
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Connect…develop your network
Successful entrepreneurs have a variety of people to help them get ahead: mentors, coaches and friends
Get advice. Stay connected. Listen.
Join business organizations and clubs to learn how others succeed
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
No sweat athletic gearNo sweat athletic gear
Kevin PlankKevin Plank
Under Armour, 1996Under Armour, 1996
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Succeed…manage for success
Good business is about good life skillsSet goalsTake actionAsk for helpListen to good adviceFollow-up with peopleWork to exceed expectations
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the BIG BIG IDEAIDEABusinesses Started by Young EntrepreneursBusinesses Started by Young Entrepreneurs
The idea:The idea:
From the mind of:From the mind of:
The business:The business:
Custom-built computers Custom-built computers direct to the customerdirect to the customer
Michael DellMichael Dell
Dell Computers, 1984Dell Computers, 1984
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
What’s theWhat’s the
BIG BIG IDEAIDEA
Get started!Get started!
U.S. Small Business Administration and JA WorldwideU.S. Small Business Administration and JA Worldwide
Want to Know More?
Visit:www.mindyourownbiz.orgwww.sba.gov/teenswww.ja.org
Or find your local SBA district office1-800-U Ask SBA (1-800-827-5722)