I did bro! I drove 15k in revenue starting at your age. Don’t force anything, just pick something your passionate about

Absolutely, starting a business at 16 is possible, though some aspects might be more challenging due to your age. You can certainly begin with smaller ventures, such as lawn mowing or creating and selling homemade products online. While setting up a manufacturing facility may present more hurdles, your ambition and early interest in entrepreneurship are commendable. Remember, though, that being young might affect how others perceive you, especially in scenarios like securing a business loan or offering high-value services. However, with enough determination and a smart approach, you can find ways to navigate these challenges. Your ambition is key, and there’s always a solution to every obstacle. Pick up a couple books on accounting, business strategy, finance or any material that may be relevant to your objectives. Best of luck !

Since you’re a young entrepreneur looking to start a manufacturing business, begin by identifying a product you are passionate about and conduct market research to ensure there’s a demand for it. Next, write a basic business plan detailing your product, manufacturing process, and how you plan to make a profit. Be sure to understand the legalities of starting a business as a minor in your area. Create a prototype of your product to test and refine your idea. For funding, you can use personal savings, seek help from family, or look into small business loans and grants. Set up a manufacturing process, either at home or through a contracted manufacturer. Start selling your product through personal networks, online platforms, or local markets, and use social media and a basic website for promotion. Flexibility and learning from experiences are key to your business’s growth and success. Also, this article may help you. Give it a read https://www.cuppa.so/post/turning-your-big-idea-into-a-reality

I started my first at 12. Software. Rock and roll.

First of all, you need to learn a high value skill.

People NEED to see a value in your service/product, because they don’t want the product, they want a value provided to them. Remember that.

When you have a skill, you have to create an offer, but really an offer so good the people would feel stupid saying no. You can charge whatever you want as long as you provide value and a must have offer.

Then you need to get more technical: get some website builder and get your offer online, but do not start from scratch, use a website builder, I personally recommend this one:

http://riftjournal.com/easy-page-buildr

It’s really easy to use and it creates a high conversion rate model that perfectly synergizes with the strategy I explained to you above.

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But most importantly… have a discipline and never give up. You HAVE to keep pushing every day and focus on one business only.

Good luck!

Of course, I started at 14. You’ may need to put an LLC in your parents name, if you get that far, but absolutely. Better to start young, try a bunch of different business, see you you like. Your at the age you can take risks and learn.

Good luck manufacturing anything you’ll be competing with China. But at your age the skys the limit. Instead of selling a product go for a service. Buy a good power washer and offer to clean decks and drive ways $$$

Yes in business, age really doesn’t matter, it’s the value u provide!

I like the initiative.

I started my first business at 16 and actually sold it at 20 for a decent amount of money. You 100% can start a business at your age, there’s just a few limitations you need to work around, both forced by your age and natural. It does make things harder, but not impossible.

1. Funding. Obviously the younger you are, the less likely you have access to cash, which for physical products creates a limitation. Manufacturing can be cheap, it can also be very expensive, and economies of scale becomes the issue. I.e. If I want to sell a product for 10 dollars, after shipping and such, it might cost 15 dollars per product if I order one (a loss) or 5 dollars per product if I order a thousand of them, which could be a good margin, but that means you need to have 5000 bucks to order that 1000. This isn’t an impossibility, but it means most have to get creative to make that happen.
2. Online payment providers like Stripe and Paypal almost universally require you to be 18+ to open an account. Again, that isn’t a complete blocker, but it meant when I was younger I had to have somebody else do this, which depending on your country could be legally dodgy or in general just a risk depending on how much you trust this person.
3. Business structures. Much the same as number 2, you might not be allowed to register a business in your country till you’re 18, and though I advise starting before putting the legal stuff in place anyway, you’ve gotta be careful because this also prevents you from putting things in place like insurance. If you’re manufacturing a physical product, your risks on things like getting sued are bigger, and you wanna be protected against that.

My business at 16 was a live events company. I booked locations, bands, organised events and then focused on marketing to sell tickets. This worked for me because on the small scale, my overheads were very low and I knew it pretty well (I’d been playing gigs with my bands since 14). I ran it without a legal structure for a year, then put one in place, and re-invested my profits until I grew it to something big, holding more events and larger ones with higher profile acts that I could charge more for. Even then, I was skirting the law a little by being in these locations (alcohol serving places meant I needed to be 18+).

It’s not impossible, but you need to think about what you can do with your limitations and what’s most possible for you. Doesn’t need to be dropshipping, but you realistically need something you can start with a little money and then re-invest the profits to grow in a big way.

Absolutely but you must take it extremely seriously

Hell yes. Andrew Carnegie started his newspaper delivery business at 12. Michael Dell of Dell computers started selling trash bags door to door at 14. Become unstoppable kid.

Yes you can. But better get a job or learn as much as you want about accounting. You not only learn how businesses actually run. Also you’ll learn what practices work and what practices don’t. It’s the backstage you want to be exposed first if you wanna start a business. Regardless of the industry accounting is present everywhere.

Yes. But you have to damn well know what you are talking about in terms of getting clients or whatever you are making needs to be high quality. If you’re making a physical product it’s probably easier at a young age as customers don’t deal with you directly. However if you’re selling a service, dress well, speak well and carry yourself well because older clients will take one look at you and notice the age and think to themselves why would I do business with someone who is 20 years younger than me. Good luck to you I hope it all goes well

Go for it kid! Put your mind to it and make it happen.

Yes but, I’d say expect to fail. Not saying that in a negative way but expect something to go wrong or a tough road to get started. And when/if it does fail make sure that you don’t put all your eggs into the one basket. Sometimes you work to earn and sometimes you work to learn!