Published On: Mon, May 27th, 2013

Venturing Out into the World of Business

Venturing out into the worldLook at the upcoming generations. Well I don’t actually need to tell you that in order for you to take a note of them, because the fact of the matter is they are doing a marvelous job themselves of placing their genius of ideas in the spotlight.

You know those five guys who founded the multi-billion dollar company Facebook.com, well you obviously know the CEO, and Chairman Mark Zuckerberg. He became a billionaire by the age of 23. By going with his idea to start a social networking website in the rooms of a college dormitory aka hostel with his college roommates basically turned out to spark this fantabulous social interaction worldwide which you can’t deny we are all an addict off. Then there is the Larry Page and Sergey Brin who founded Google initially in 1996 while doing their Ph.D. Google which was made available on the Stanford University Web site at that time and they founded Google Inc in 1998 and made it public in 2004.
Along with these great minds, there are other teenagers who have hit their millions at a young age such as Adam Hildreth who with his six friends launched Dubit, an English social networking site at the age of fourteen. Now Hildreth is worth 38 million dollars. And there’s Sean Belnick, who at 14 years of age created bizhair.com which as of today is a multi-million dollar company and Belnick just happens to be worth oh say….42 million dollars. The numbers are probably racking up your brain right now. But two more who are worthy of mentioning are the young teens Catherine, and David Cook who have a combined net worth of 10 million dollars who happen to be the founders of My Yearbook another social networking site. My Yearbook has a net worth of over 20 million dollars. Oh also were you aware that the youngest person to have an office in Wall Street goes by the name of Farrah Gray who is worth 20 million dollars. He made 1.5 million dollars when he was 14 years old after having founded Farr-Out Food when he was 13. He started off with selling body lotion at the age of 6…

The latest to join these young millionaires is of course is our Yahoo’s newest, and youngest employee Nick D’Aloisio, a high school kid who made around a few millions after coming up with an idea in his bedroom two years ago for an application called Summly for the iPhone. Fresh out of high school, already he’s got a job.  So now I’ll stop putting you, and I so to say through the pain of well basically pointing out the world’s youngest and richest teenagers at such a young and precious age and get to the point.

When you’re young you have numerous dreams. When someone asks you what you want to be when you grow up, you may answer say a police officer, a doctor, a princess, or a superhero, you know the usual things that little kids would say. As a child in your mind anything seemed possible, and the world never seemed too scary to conquer. That’s the charm of being a child. As you become older, things take a turn and those ideas of yours known otherwise as “creativity” flourishes into a more mature type of thinking which paves the path for the technical term known as a “business idea”. Now is when you wonder, how to make this idea of yours into a reality?

Whoever said being an entrepreneur was such an easy task? Several ideas roam through you head like fishes floating in the sea. Only you have to be the one who chooses the idea which works best. And that idea is usually the one which lights up the bulb in your head and makes you say “AH HA!” You see entering into the world of business doesn’t just start with the right idea. To quote Mark Cuban of Broadcast “Most people think it’s all about the idea. It’s not. Everyone has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.”  And in order to execute this idea of yours, you have to make sure that you have the business plan laid out, that’s basically the research part. And then there’s the matter of acquiring a certain amount of capital. I am going through a no brainer here, because it is an obvious stated factor which is being pointed out. To every business the basic structure which will help start it off is capital. However at times no matter how much of a capital maybe invested, the business may fail, and that is why the research which you do on the business which you plan to carry through has to be done in a brilliant manner. Not only the research matter, but the after research part, which is after setting up your business, you have to be able to maintain it in the same manner in which you started it. If it happens so that you’re losing your target audience through a period of time, that calls for a change in your business strategy whether it is how you attract your costumers, or how you sell your product to people. You see your business falling, make it better!

Business is about risk, and when you decide to venture out into the world of business success is not always a guarantee, but if you have the will and confidence to carry on, then you have a way. Where there’s a will, there’s always a way as the old saying goes. If even after attempting hopelessly to restructure your business into the form of its original success fails, then it’s time to drop it, and venture into a new business idea. Mistakes make only for perfection. And in the world of business you may fail numerously until you finally find the right way to go on about with the right idea! So if you have to start off with selling body lotions at a young age, or you see your child selling little things, trying to make a little business person out of themselves, let them because it’s all a learning process. Always keep in mind that whenever one door closes, another one opens, if that one closes, then open a window…and if that one closes make a hole in the wall and create an opportunity for yourself because success is always at the palm of your hands. It’s just about a matter of putting in some hard work to make it work.

Denisha Sahadevan

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Venturing Out into the World of Business