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Beyond Lemonade Stands & Car Washes

If you're ready to break off your training wheels and move up to the next level of business ownership, here's how to do it.

This story appears in the July 2002 issue of Teen Startups.

Almost anyone can wash a car, set up a lemonade stand or baby-sit the next-door neighbor. Those are good first-time gigs, and there are important business lessons to be learned in all of them. But if you've decided it's time to take off the training wheels and take your business and entrepreneurial savvy to the next level, we can help.

There is a difference between washing someone's car a few times and earning $50, and incorporating a business, incurring serious expenses and hiring employees. The latter takes a bigger investment of time, money and tenacity; it's riskier and can be emotionally very tough. For a teenager who has schoolwork, sports, clubs and friends, starting a full-fledged business is difficult. I can tell you this, though: Running a business can provide you with life skills that no school teacher could ever teach. And heck, you can start slow and work your way up from there. Let's do it!

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