CALLING ALL MOTIVATED YOUNG ENTREPRENEURS!

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 

I Want To Start A Business, But I Don't Know What Kind Of Business

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
What kind of business should I start?
When I was starting out, one of the biggest problems I struggled with was not knowing what type of business to start, or even what industry I wanted to go into! All I knew is that I wanted to start a business and not have to work for anyone else.

What I’m about to say, may surprise some.

It doesn’t really matter that much.

Why?

Well, in simple terms, it doesn’t matter that much, because you’ll probably change your mind after you begin anyway.

You might then ask “why am I starting it if I’m just going to change my mind?” The key thing to keep in mind here is that you’re not necessarily changing your mind because you found that you hated the business you started going down, but rather you have a better opportunity that not only excites you more but also pays more.

When you’re starting out, you want to cast your net as far and as wide as possible, going down every area you might even have the slightest amount of interest in.

There is a risk of overextending yourself, but the risk is slim. You’re young, opportunities starting out aren’t going to be glamorous, and many probably won’t pay you a penny. The beauty of working for free is that you get to learn real, practical, and valuable skills for free! Plus it makes it easier to move on from working for that person when you get a new, more exciting opportunity.

I’m an excellent example of not knowing what I want to do (heck, I still don’t), I’ve been making it, and making it pretty well. This is an exciting time, you don’t have to have everything figured out on day one. No one does, if they do, they’re lying to you. Don’t let “oh my plan is to go to college” fool you, that’s more often than not code for “I don’t know what to do, but people seem to think I’ve got a plan if I say that.”

So here are a few helpful tips that I wished I knew when I was starting out:
  • Starting out, focus on getting a wide breadth of opportunities rather than a narrow focus.
  • You find and get these opportunities by *drumroll* asking! Yes, it’s as simple as that, just ask someone you know that either own a business if there are any areas you can be helpful in, and say you’ll do it for free, just for the experience.
  • Don’t overthink it. There is no wrong direction. Pretty soon you’ll be overwhelmed by the number of good and great opportunities you have at your fingertips.

WHAT IS A MASTERMIND GROUP?

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
What Is A Mastermind Group?
What is a mastermind group?

At its core, a mastermind is a group of people with a common purpose who come together to learn, for accountability, to grow, and to become better

In the book Think and Grow Rich, Napoleon Hill describes a mastermind as the “Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.” He says that when a group of minds come together, they essentially create an unseen, powerful force—a mastermind. 

In addition to incredible insight and perspective, a mastermind group provides support, accountability, and a community of similarly focused individuals.  

The whole becomes exponentially greater than the sum of its parts!

The Young Business Mastermind is even better because of the teaching aspect. Our members have the opportunity to streamline the process from idea to implementation. 

When a group of motivated young people get together with a common purpose, the energy is off the charts and possibilities are endless.

Take Gideon for instance - here is someone who has proven that you don’t have to wait to be productive and to be self-reliant. 

You don’t need to wait for a diploma or anything else to give you permission to start your life. 

What you do need is the willingness to work, to push through failure to find success... and the wisdom to learn from your failures & others. 

The magic of the mastermind group is the concentration of other young motivated entrepreneurs by your side that you can learn from and that can offer support, accountability & encouragement!

COLLEGE IS PROBABLY NOT FOR YOU!

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
College Might Not Be For You...
College might not be for you...

It's annoying, but the very act of me saying that is controversial and far from the popular view.
College is used too often as an excellent excuse for putting off the question of "what are you going to do with your life?"

We need to be challenging people and pushing back when they say in response to the question above with "I'm going to college" and digging deeper to see if they've really thought through why they are going to college and if indeed if it's the path they should go.

College 30 years ago is very different from college today. The level and quality of education then was SIGNIFICANTLY better than it is today. Why is this important?

The majority of the people telling you to go to college is probably the generation above you, that, more often than not, went to college themselves and had a good experience where they learned practical skills and knowledge. The problem is that college isn't the same as it once was, and while it might have the same name as it did back then (Harvard) the quality is very different and standards have dropped significantly.

Why do I say all of this?

I share this because I want you to start asking serious questions about your future and not using college as a shield and delaying the inevitable. You will be significantly better off if you can answer, with depth, that convinces yourself, as to why you are going to college, and if it's the best path for you.
Learn more at ybmastermind.com

Identifying Your Path

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
Identify Your Path
Starting, the most thrilling and fearful part of any new venture.

The question is, where do you start?

Identify interests and skills

Everyone has a unique ability - almost like a superpower - but it’s not always super obvious what it is. Some describe it as the intersection of what you do best and the thing you enjoy most. Typically, what you do best also happens to be the thing you enjoy the most - joy can come out of expertise and pride in your work. 

Here’s a quick step-by-step to get an idea of what direction you should go in:

Completely unplug and set aside an hour in a quiet room (no music, phone, or people) 

Take a blank sheet of paper and draw a line straight down the middle from top to bottom.

Draw a horizontal line at the top and write above the left column “Interest” and above the right column write “Skills”

In the “Interest” column, begin writing down each memory you can think of where you felt really engaged at the moment - that could be anything - even things you might think are trivial. Some of these items might include weird fun projects you started on your own or collaborating with family, it might even be an experience of doing an activity with friends. Anything you can remember that you felt fully present at the moment and like time either stopped or felt like it was going a million miles an hour. Note: write it down even if you’re not interested in it anymore.

In the “Skills” column, write down things you accomplished that you felt you did an excellent job in, as well as things you were complimented on growing up. An example might look like “I got a compliment when I was 12 for being really creative in how I hung pictures” get as many ideas on the paper as possible. 
Note: It’s not important if you’re not interested in the skill any longer, it’s more important that you get the list of everything you’ve been competent at on a list.
Note: if you already have something in the “Interest” column and you also felt like you did a really good job in it, make sure to copy it over to the “Skills” column, the more duplicates the better. 

Start looking for patterns, one column at a time, start looking at it and trying to see the patterns and connections between items. Your goal is to get a theme going, like “I enjoy working with my hands” or “I like complicated math problems”. You should end up with a few different categories (Note: if you have only one category, you may want to get more specific about the interest or skill and break it apart into a couple of ones even if they are similar). The goal is to have around 3-5 categories in each column.

That’s it! You should now have a list of different interest and skill categories that you can start getting a better idea of what direction you should go! 

Note: There is no wrong or right answer, and this isn’t a fool-proof system that will tell you exactly what to do. It’s merely a tool that will help you get a better idea of what direction you should start honing in on and trying first! If you couldn’t think of anything for either column, don’t worry, you’re certainly not hopeless! It just means it might take a bit longer to identify which direction to begin heading in.

Learn more at YBMastermind.com

Listen - And Ask Questions

THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
The Importance of Listening
One of the most deceptively simple things you can do to start your business and make happy clients is…

*drum roll*

Listening! 

Too often we try to tell people what their problems are and how perfect we are to solve the problems we told them they have. We don’t typically think of it like that, but that’s typically the reality of what we’re doing. 

Say we have this great product we made, how do you sell it? Well, you tell people about it, right?
How does that typically go? Well, we know how it goes when we are on the receiving end of that. Do you enjoy people telling you all the problems you have, and that if you made one simple payment of $99.99 per month the problem would go away? How does that make you feel? Does it make you feel like you’ve been heard and understood?

You can see this in examples of people hiring personal coaches (health, business, spiritual), they are hiring them not to tell them the problems they have, but rather to diagnose and help put together a plan to solve the problems they ACTUALLY have. 

But the question then arises, how do you know what problems your potential clients are having?
Here’s a secret two-step formula to figure out any problem any person has, and it always has amazing results:

Step one: Ask them.

Step two: Shut up, and actually listen.

Yes, it really is as easy as that. It’s funny, and yet beautiful at the same time, but the act of listening and asking good questions makes you appear not only more personable but also makes you look smarter. You don’t have to say anything except ask a few questions and people are willing to give you their business. 

We see many examples of this in the book of Proverbs “Even fools are thought wise if they keep silent, and discerning if they hold their tongues.” - Prov 17:28 & “He who has knowledge spares his words…” - Prov 17:27

This is by far the most effective way to not only present yourself and convert clients, but also is the easiest and as it turns out, the most enjoyable way. You get to sit there and ask questions, and they sell themselves to you!

Want to start your own business at a younger age? 

How Do You Get Started Building Your Own Business?

Provide REAL Value and Get Paid To Learn
How do you get started in building your own business?

The simple and most effective answer is…
You start by providing real value, to real people, for real money. 

I use the word real here because too often people go to college to learn about business from people who don’t know the first thing about running a real business. They’re going into a bubble to learn theory, and come out of the bubble many times in debt, only to have to find out that the real world doesn’t quite match up to their theories.

There’s a fascinating and beautiful concept that I’ve built my own business that’s been extraordinarily profitable - and that is the concept of only getting paid to provide value that’s useful.

I wish I could say I invented or came up with this idea, but that would be far from the truth. I learned about a lot of these ideas from Jewish Rabbi Daniel Lapin (best known for his book Thou Shall Prosper).
The basic idea is that you focus on the problems people are actually having, and solve those problems, not putting your theory as to what their problem is. This sounds simple because it is. But the reality is many people don’t do this (and I am very guilty of this too). We want to say “Yes I have the answer to all your problems” when in reality, you only have the answer to maybe one of their problems, and it might not even be a big enough problem that you can solve that makes it profitable for you to spend your time on.
 
Focus your time on learning what people’s biggest problems are, and get them to pay you to learn how to solve them. This is tricky, but there are people out there, and you’re getting two things out of it:
Actually making money and not losing money (as you would with a college)

You learn valuable skills that are actually marketable (because you got paid to learn them, thus proving that it’s a skill that can make money).

I want to go one step further and say that you shouldn’t accept money for value that you think you gave, but they didn’t use. But that’s a topic for another time!

Focus on providing REAL value to REAL people to make REAL money.

-Gideon

Want to start your own business at a younger age? 
THE ENTREPRENEURS SECRET TO A PROFITABLE TEEN BUSINESS
Young Business Mastermind Group: 
Teaching - Mentorship - Accountability - Community - Implementation - Success 
WHAT PEOPLE ARE SAYING

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