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Advice for young person on self-employment

(28 Posts)
Germanshepherdsmum Fri 15-Mar-24 16:56:59

finders, not founders.

Germanshepherdsmum Fri 15-Mar-24 16:56:05

If he doesn’t want to go to university, it would be a good idea for him to study a business course at a local college and get some work experience under his belt. Being a successful self employed person is about so much more than just having a good idea - and if he doesn’t have an idea that’s not a good sign. Is he basically saying he wants to be his own boss and not take orders from someone? I’m afraid that successful self employed people aren’t their own bosses - they are wholly subject to the demands of clients and founders, they work all hours and have no paid holidays or sick leave. Without a good business plan and some experience he won’t get funding and few start-up businesses can survive without that. I think you need to have a serious talk with him because he’s not living in the real world. All the technical ability in the world won’t ensure success if you’re stuck for ideas about what to do, can’t get funding and have no way of paying for the basic necessities in life.

Skydancer Fri 15-Mar-24 16:38:12

My GS, in his first year of A levels, does not want to go to university. He would like to start a business, ideally online. He has the technical ability but lacks an idea. He is quite determined but needs advice and guidance. I realise few self-employed people would be willing to divulge their business secrets but I imagine there must be mentors for young people. There seems to be advice for those who have already started running a business or who already have an idea but nothing for those who are just thinking about it. I have advised him to pick the brains of people who have started up on their own. Can anyone point us in the right direction?