Here are some tips to help you:
1. Get planning
2. Decide on a business name and logo
2. Decide on a business name and logo
If you don't already have an idea for a business, have a brainstorm.
Make a list of the things you're really interested in. These don't need to be businesses, just things you enjoy.
Now, can you create a business from one of the things you enjoy? A business is simply any product or service that you can exchange for money.
For example, if you enjoy fashion or art, you might decide that you could customise t-shirts to sell to friends or make your own greetings cards to sell at a neighbourhood market.
2. Decide on a business name and logo
2. Decide on a business name and logo
2. Decide on a business name and logo
Your business name should be something original, that people will remember and that makes sense for your product or service.
Creating your own logo is great fun. Again, it should be original and memorable. You could draw your logo on paper or on the 'My Business Idea' template available in the downloads section below. You could even design it electronically.
3. Gather the materials and money you'll need to get started
3. Gather the materials and money you'll need to get started
3. Gather the materials and money you'll need to get started
You might need some materials to make your product or help with your service.
Make a list of these and ask an adult to help you source them.
Consider how you will pay for these materials and how much they will cost.
Could you ask a family member to invest some money to help you start your business? You will need to pay them back once your business starts making money. This is called having an investor.
4. Think about selling
3. Gather the materials and money you'll need to get started
3. Gather the materials and money you'll need to get started
There are a few things to consider:
Where could you sell your product or service?
How much will you sell it for?
Sale price minus the cost of making the product = profit (amount of money you will make!)
What sort of customer will want to buy it?
How will you advertise? You may need some of that investment money to help with this.