starting a short-term business

[Moritz221]

Hi,

I am a highschool student and have 2.5 years left in highschool. For the last 1.5 years I will be older than 18. I am thinking about starting a business on my 18th birthday and selling it after my graduation from highschool. I want to do this to earn some money for financing my studies at the University.

I am having now a lot of time to read books and inform myself about the legal steps I have to take, which market I want to get in, what product or service I want to sell, how to create a product and so on

When I am actually having the business I would have 1 hour per day and the complete weekends and 1 month vacation time to work on the business. My seed capital would be about 1000 US-$.

My question: Is it realistic to start a business and earn with that business at least 10000 US-$ in 1.5 years under my circumstances?

Thank for your help

 

PS:  excuse my english I am not a native speaker

 

[Leo Gura]

No, it is not realistic. The hardest part of any business is the set-up.

It's like building a factory to only manufacture 100 things. If you are gonna to build a factory, you want it to manufacture 100,000,000 things. Because all the investment goes into work is in the setting up of the factory.

Starting a business that earns you $10,000 can be just as hard as starting a business that earns you $1,000,000.

Setting your sights super-low is not going to make your business that much easier. It will be a lot of hassle for little reward.

If you're starting a new business, you should expect to work 50-70 hours per week on it for the next 3 years. And even then, your success is far from guaranteed.

If all you want is $10,000, the best way to get that is through employment, not through starting your own biz. You can easily save up $10,000 from a waiter job (assuming you live in the USA) or something like freelancing (which would actually be harder because it involves you finding clients).

 

[Driven]

@Moritz221  'I am having now a lot of time to read books and inform myself about the legal steps I have to take, which market I want to get in, what product or service I want to sell, how to create a product and so on'

 

can you tell some of the books which has helped you?

[Alexxx]

Leo mentioned Eben Pagan in some of his videos.

This might be helpful for you: 

 

 

 

 

Edited February 14, 2016 by Alexxx

[Moritz221]

@Driven I have read "Startup Playbook" 

[Moritz221]

@Driven I have read "Startup Playbook" 

[Moritz221]

@Driven I have read "Startup Playbook"