Posts tagged as:

Entrepreneurship

No matter the size of the business or the age the entrepreneur, there are some rules that can be applied to every new venture. Similar to how Newton developed the 3 laws of physics, I’ve developed 10 rules of business.

Alright, maybe there are exceptions. But generally these rules are accurate.

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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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