The most significant and special issues that arise for teens starting businesses is that they are not old enough to take certain legal actions on their own. This includes forming the business... (more)

What worries me is that you don't mention that you are actually working in the business as you ask this question. I assume that if you're there, working it, then you are already looking into taking... (more)

Not unless you plan to start a major search engine, in which case it probably makes sense to go to Stanford and get a graduate degree in engineering. On the other hand, dropping out of a... (more)

Ian, When it's time to get a job your degree is generally vital to show what you can do, what you know and even who you know. Once you get into the game as you are now, it's very rare that any... (more)

Great question with a really simple answer: Get a part-time job in an Indian restaurant or even try several. This is by far the best way to learn what you need to know and get paid to learn it.... (more)

Hi and thanks for your great question. Here are some things to consider: 1. Money is made by charging businesses to not only take the equipment away, but take it away and dispose of it in an... (more)

The best major for entrepreneurship is whatever you want to study most. That would be literature or fine arts if that's what you love. Education comes first, then business. Sounds like what you... (more)

If you have done all the work, but cannot get access to actual samples, don't worry. You can easily get a promotional piece made up that covers everything. With sparkling copy writing, describe... (more)

Nikki, If you do partner up remember these 4 things: 1. A partnership is like a marriage and you need to understand it has a 50/50 chance of breaking up so you really need to have a very... (more)

Hey, great question! There's never a better time to get started planning than now. No matter how healthy the economy is, some businesses will do great and others will fail. Starting any... (more)

There is no easy answer to this question. Your issue goes beyond business. This is more about disappointment, betrayal and humiliation than it is about dollars and cents--or dollars and sense.... (more)

Go slowly. Don't set your son up to fail. I'm wondering what "managing sales" means to you, when your business is selling through the internet. My business makes most of its sales over... (more)

Great questions--let's deal with them one at a time. Incorporation V's Sole Proprietorship--Unless a business is very small, there is really no question that you should incorporate. From a... (more)

Really important question. You might be interested in seeing what I wrote recently--before I got your question--on this from the parents' point of view. That is... (more)

Wow, you've certainly pinpointed the right question. However, for better or worse, you have to answer it for yourself. There is no magic formula that they teach in business school or pass from... (more)

Sorry, but you shouldn't be waiting for your patent. Build your business. Protect your know-how as best you can, but the patent system is broken, and even when you have that patent you'll still... (more)

John, I would start by getting a list of at least 25 people who you would like to work for in Colorado--some of my team of business coaches at ActionCOACH should be on your list--and then start by... (more)

Doing it yourself will in most cases be more profitable, given a couple of areas you need to manage or understand. First, do you have the time to manage it? Whether we like it or not, any new... (more)

First, prepare. Figure out what you will spend the money on and the repayment details. Once you have it all figured out, create a workable and detailed plan. Now you are ready to present this... (more)

You cannot form a sole proprietorship with any other person, spouse or otherwise. By definition, a sole proprietorship can have only one owner. As soon as more than one owner gets involved, the... (more)