A teacher recently emailed asking what advice I would give high school students who want to start their own businesses. Here’s what I said:
1. Don’t ever let anyone tell you that something is too competitive. Once you subtract the people who don’t work very hard, or the people who aren’t as good as you, your competition shrinks dramatically.
2. That said, an original idea sells itself. Instead of spending a year pushing the same product everyone else has, spend that time thinking of a product or service that no one else offers. If you do, you won’t need to do much marketing, people will find you.
3. Don’t believe the myth that “if you liked your job, no one would pay you to do it.” It’s essential that you love your work for you to be as happy and financially successful as possible in your life. The person who loves her job will always beat out the person who’s doing it for the paycheck.
I’m curious about what you guys would say. What’s your take on success?