Whatevering the Spirit of Business

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Mind Your Own Business Start it . . . Grow it . .
. Own it!
Putting Your Business Ideas to Work
The U.S. Small Business Administration and JA
Worldwide
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Computer software for home and office
The idea
From the mind of
Bill Gates
The business
Microsoft, 1975
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BIG IDEA
The number of businesses started byyoung
entrepreneurs might surprise you.
Throughout this presentation you will find big
ideas from young entrepreneurs like you.
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Online shoe sales
Tony Hsieh Nick Swinmurn
From the minds of
The business
Zappos.com, 1999
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Teens Mean Business

• Creativity
• Initiative
• Hard work
• Success
• Welcome to the world
• of small business ownership!

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
A record label for rap music
From the mind of
Russell Simmons
Def Jam Records, 1984
The business
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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
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Cookies from scratch
Debbie Fields, a.k.a., Mrs. Fields
From the mind of
The business
Mrs. Fields Cookies
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5 Key Areas of Achievement

• Explore - Plan your career as entrepreneur

Decide Get help with the crucial
businessplanning stages
Build Tips on business organization, money
management and creating a business image
Connect The importance of networking
Succeed Online success stories aboutteen
entrepreneurs
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Cosmetics for the Latina complexion
The idea
From the mind of
Monica Ramirez
The business
Zalia Cosmetics, 2001
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EXPLOREwhat if?

• So you want to run your own small businessbe
  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?

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Organize information on the Web
Segey Brin Larry Page
From the minds of
The business
Google, 1998
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Decidenow what?

• You decide that you have what it takes!

• Businesses succeed because they

• Have a clear sense of purpose and understand
  their product or service

• Are realistic and well researched

• Understand their strengths and weaknesses

• Are committed to serving their customers

• Constantly innovate

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Nail polish in that perfect shade of blue
The idea
From the mind of
Dineh Mojajer
The business
Hard Candy, 1995
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Buildmake it happen

• Make it legal
• Research and select the right legal structure
• Name your business and product

• Organize it
• How will your business get things done?
• Who does what?

• Mange your money
• Where will your money come from?
• What profit do you expect?

• Create your image
• Have a good strategy

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
African-American cable television network
The idea
From the mind of
Robert L. Johnson
The business
Black Entertainment Television (BET), 1980
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Connectdevelop your network

• Successful entrepreneurs have a variety of
  people to help them get ahead mentors, coaches
  and friends

• Join business organizations and clubs to learn
  how others succeed

• Get advice. Stay connected. Listen.

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
No sweat athletic gear
From the mind of
Kevin Plank
The business
Under Armour, 1996
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Succeedmanage for success

• Good business is about good life skills
• Set goals
• Take action
• Ask for help
• Listen to good advice
• Follow-up with people
• Work to exceed expectations

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Custom-built computers direct to the customer
The idea
From the mind of
Michael Dell
The business
Dell Computers, 1984
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Whats the
BIG IDEA
Get started!
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Want to Know More?

• Visit
• www.mindyourownbiz.org
• www.sba.gov/teens
• www.ja.org
• Or find your local SBA district office
• 1-800-U Ask SBA (1-800-827-5722)