In this post, we will be discussing some excellent business ideas for youth. Starting a business is always a great idea if you’re a young adult. Doing so will teach you responsibility and business acumen from an early age. Additionally, teens also become more independent when they start earning their own money.
How to find the best business ideas for youth
It’s not always easy coming up with an entire business idea. It often takes some work and requires a bit of brainstorming too. The good news is; if you’re eager enough, it most certainly can be done!
Firstly, it’s vital to look at the market. This will help determine if there is a need for your business idea. Secondly, you will have to do some research to see what your competitors are doing. This will allow you to perfect and improve every aspect of your business idea. Lastly, you will have to be passionate about your business idea. Every successful businessman has to be enthusiastic in order to thrive.
Here’s what you need to consider before starting a business
As a young adult, you probably have a few important commitments that need your attention. This could be anything from studying, doing chores, or after-school activities. For this reason, it’s important to take the following into consideration:
How much free time you have
A good business idea depends on how much time you have to devote to it. Assess your calendar to see how much time you have to spare. By doing this, you will be able to dedicate your free time to your business.
Start-up costs
Most young adults often don’t have a lot of capital when starting out. For this reason, you will have to evaluate what your start-up costs will be. Draw up a budget and work around what you can afford. If you have additional savings, you can always invest it in your business. Additionally, you can ask a parent/guardian to loan you capital money.
Your personal interests
You may be able to determine the ideal business venture for you by assessing your personal interests. Knowing what your likes and dislikes are can be detrimental when going into business. For instance, it would be pointless for someone who hates math to tutor math. However, if you enjoy arts and crafts, then an art business would be great for you.
Best business ideas for youth
Now that we’ve covered the basics, let’s dive into the fun bit. In this section, we discuss the best business ideas for youth. All of these ideas come with flexibility and don’t require a lot, if not any, capital. It’s always advisable to start a business that you have an interest in.
1. Baking from home
Just about everyone craves fresh, homemade baking. This business idea for youth is an extremely simple concept. All it requires is some fresh ingredients, baking equipment, and an oven to bake in. Moreover, you can be as creative as you wish. You can choose to bake classics or try different recipes each week.
Additionally, giving out sample items is a good way to figure out what will work. Have your family and friends taste your baking and provide feedback.
2. Neighborhood Garden Service
Having a garden requires a lot of maintenance and upkeep. However, homeowners often don’t have the time and energy to garden. As a result, they hire a garden service to come in once or twice a month.
Starting a garden service is a great way to make a few extra bucks weekly. You can choose how many clients to take on each month, depending on your schedule. Furthermore, you can ask your clients to provide all the equipment too.
Starting a garden service won’t require much capital. All you really have to do is advertise and provide a good service to clients.
3. Weekend Barbeque
Weekends are for kicking back and enjoying a good old barbecue. This business idea is perfect for young adults who have a passion for food. The start-up costs are next to nothing. All you will require is the following:
- Meat
- Cutlery and utensils
- Barbeque grill
- Coal
To gain more exposure, you can ask your local supermarket if you can set up outside their store. The best time to barbeque is during the weekends. This is when most families are out doing their grocery shopping. Additionally, you can have a call and collect option from home.
4. Become a dog walker
Dogs are adorable creatures that need to be walked. Most adults lead busy lives and don’t have the time to do so. As a result, there is a huge gap in the market for this business idea.
You can start a dog walking business by advertising to everyone in your neighborhood,. In addition, this business idea can be started with little or no capital. Lastly, you can walk multiple dogs simultaneously and be paid for each dog you walk.
5. Animal sitting
Animal sitting is another great business idea for youth. All it requires is patience and being an animal lover. This business venture doesn’t require any capital, although you might need some free time.
When people go on vacation they don’t know where to leave their pets. They certainly can’t leave them alone at home. This is when they look at options like animal sitting. An animal sitter looks after, feeds, and plays with pets while their owners are away.
6. Mobile car wash
You can start a mobile car wash business during your free time. However, you will need to purchase a few things before you begin. You will need the following:
- Buffers
- Polishers
- Cleaning and deodorizing equipment
- Brushes and micro-fiber clothes
Mobile car washes are extremely convenient because clients can get their cars washed at home.
7. Tutoring
Helping kids understand their work is such a rewarding job. If you’re good at a certain subject at school, you can help tutor younger children. You can get paid hourly by explaining to them work that they don’t understand. It should be noted that tutoring takes a lot of patience.
8. Teach tech to older people
Unfortunately, older people don’t keep up with technology. In this day and age, it’s vital to have a basic understanding of the tech world. Furthermore, if you’re a tech guru, you can offer older people some tech classes. This will allow them to become better educated.
9. Start kids activity classes
Parents always want their kids to be occupied with different activities. It would be a great idea to come up with different activates each month. This way, kids will always have something new to look forward to. You can do painting for one month and then arts and crafts for the next month. However, you will need to purchase all the equipment and create the activities.
10. Transcription
In a nutshell, transcribing is when you take an audio piece and turn it into a written piece. This is a fairly simple job but entails attention to detail. You can go to your local newspaper and ask them if they have any transcribing jobs available. All you will require for this gig is a computer and good listening skills.
Check out https://www.rev.com/freelancers/transcription
11. Buy and sell Pre-Loved goods
In recent years, the pre-loved market has grown extensively. This idea is to buy and sell used items, such as dresses, shoes, and more. The only condition is that all items have to be in good standing. Once you build a clientele you can sell off the items. The only costs that you will incur are advertising.
12. Host a YouTube channel
YouTube is one of the biggest social media platforms out there. It’s fair to say that popular YouTubers earn millions of dollars in revenue per annum. Starting a successful YouTube channel might not be as easy as you think. You will have to gain a decent following before making money. In the beginning, you can film on your smartphone if you do not own a camera.
13. Start Babysitting
Parents often need someone to help out and look after their kids when they’re out. Babysitting is an easy business idea that can pay heaps of money. You will, however, need to have experience with children before starting a babysitting business. It’s also recommended to have CPR training.
14. Sneaker cleaner
We all love having fresh and crispy clean sneakers. Opening a sneaker cleaning business is something that you can do as a part-time job. The start-up capital is very low and all you really need is some soap and water. Advertising on social media is a great way of getting the word out.
15. Create pop-up events
Pop-ups are becoming increasingly popular and loved by the public. This is one of the more challenging business ideas for youth, but it pays off. As the pop-up store coordinator, you will need to oversee the vendors, stalls and manage funds. The start-up costs are higher than all the previous business ideas, but the profits are much more promising.
