Hello, I hope all is well. I am an 18 year old that is looking to start a business. I have dipped into the service providing area in July where I was supposed to make websites for people but I ended up doing a free trial creating videos for a possible client. I ended up stopping that. Wasn’t leading me to earning income.
My main question here is, what would you tell your 18 year old self to start? I truly like the idea of having an online business. I am in Computer Science at the moment for school and I was thinking of getting into saas. But I also see tons of different videos on different businesses to start. I just want to mention, I do not have shiny object syndrome. I am just interested in starting & getting advice from anyone.
Also, one thing I see often is, dropshipping, smma(which I tried to go in on), trading and Amazon fba. I see this everywhere. I don’t know if truly you can make a large sum of income from it or it’s just the courses that help them.
I started learning about business at 15 where I started a YouTube automation channel and later stopped that. Then got into cutting hair for others. And ever since I have turned 18 I have been learning a lot more on stocks, credit, as well as retirement plans. But truly retirement isn’t my end goal. I just like idea of working towards something.
So if anyone that is in the business areas I have mentioned I’d be open to hear your perspective from it and any perspective from others as well.
The business plan is buy-and-hold real estate at fixed rate debt. Nothing fancy no flipping and no partnerships until experienced. Go to school for an associates degree in business. Do that part-time and prioritize the most relevant classes (graduating doesn’t matter, learning does). Simultaneously get a real estate license to be forced to learn about the industry (not a goal as a job). Consider pushing through to broker level. Attend investor meet ups. Consider taking a part time job as a property manager. Through real estate or whatever job you can get while going to school and building real estate skills, save money for your first house hack as quickly as possible. Plan out your strategy in advance so you can continue repeating that process. Re-invest the snowball into more property. Build your real estate portfolio beyond financial independence by the time you’re in your mid 30s. You are now at another decision point.