Entrepeneur?

Question

I'm 16, and I want to be a business owner when I get into the work field. I want to do things in the effect of hotels, resteraunts, those kinds of investments.

But everyone I ask says it takes money to make money. How do you go about getting the money to start in this career If you don't have the money/

Loans? I don't know, can someone help me.

Also, would I start my own corporation and then just make companies of my own out of that?

Answer 1

I've worked with several so-called "entrepeneurs" over the years and, almost without fail, they did not come out of high school or college and just start a company from scratch.

Most business owners or leaders started out working in the industry for other people's companies and learning the ropes. They saved money, asked lots of questions of their bosses and learned alot.

Then, they struck out on their own and formed their own company.

If you want to take a short-cut, you could always get to working and saving now. Manage your money well and be very careful with your credit. When you're out on your own and working steadily and have really good credit, buy a house or small apartment complex and rent it out. As you make more money, buy more properties and do the same thing. Eventually, you can have great credit and lots of money in the bank and you'll have the resources to do what you want.

Real estate investing is about the only field I know where inexperienced people can really get in and make some serious coin without too much in the way of start-up capital. That's been my experience...I'm sure maybe somebody else knows of some other opportunities.

Good luck...