From the category archives:

Entrepreneurship

Earlier this week my New Venture Management professor, Dr. Jeff Lewis, shared 10 things he has learned through his personal entrepreneurial experiences.

He has invented products that are being sold nationwide at major retailers, has managed a real estate finance business and worked as a church administrator and pastor. Needless to say, my professor has some good advice.

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As undeniable as it is cliché, America is going through some rough times. People are losing their jobs and businesses are losing their workforce. Nobody wins.

Instilling the entrepreneurial mindset in America’s youth is the answer. If young people grew up with the intention of starting a business instead of finding a job, America’s economy would flourish.

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In order for a young business person to be successful, they have to learn a new set of vocabulary. Certain terms are applicable to all businesses, no matter the size. I have compiled a list of 27 basic business terms all teen businesses should use.

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You may not want to hear it, but you will inevitably encounter problems with your business and your customers. Some people are difficult to deal with and things will not always go as planned.

For example, one of my customers wanted his lawn mowed on Friday afternoons so it would look nice over the weekend. A reasonable request, but I had prior obligations every Friday afternoon. It was impossible for me to mow his lawn when he wanted me to. We couldn’t come to an agreement so he fired me.

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