Five Inspiring Lessons from a High School Entrepreneur

Last week I shared a story about Mitch, who just killed it by taking action on an idea. He literally earned over $4000 in one weekend by pursuing a rare opportunity.

Now I want to explain what we all can learn from this high school student. His story is inspiring. Whether you want to be an entrepreneur or not, you can learn from his actions. So let’s get to it. Here are Five Inspiring Lessons from a High School Entrepreneur:

A Great Idea Gets You Nowhere. You Have to Take Action!

I have had lots of ideas and most of them have done nothing for me. My guess is that you are the same. Ideas are a dime a dozen. Until you ask for the sale and someone hands you cash, you haven’t really accomplished anything. An idea in your head is safe…and unproductive.

You Don’t Need to Know it All Before You Start

Waiting until you have all the info is a huge mistake. You will NEVER know it all. In most cases, starting is the best thing to do. Figure it out as you. It is a good thing to feel like you are in over your head. It’s very common with entrepreneurs. They just get started and learn along the way.

Mitch learned how to price jobs as he did them. He learned what a customer would pay and he adjusted accordingly. He learned which jobs paid the best and how much time they would take to complete. If you wait until you have all the answers before starting, you will never start!

It’s Good To Set Some Goals

As Mitch began to learn how to get the job done and how much money was available, he set a goal. He realized that if he and his partner pushed it, they could earn $250 per load of branches. So they tried to reach that objective the entire weekend.

Sometimes you just need to set a goal, then try to hit it. It may be arbitrary. It may be ridiculous. So what?! Give yourself something to shoot for. What if you are only 75% successful? Would that be so bad?

You see, when you have a goal, you look for ways to achieve that goal. It might be a better strategy. It might be a new or better tool. It might mean hiring someone. It might mean focusing on the right kind of sale. Some sales are big but take too much time. Maybe going for smaller, more manageable business is the more profitable decision.  When you have a goal, it pushes you to find the best way to reach it.

Having Past Experience Gives You Confidence Today

Have you ever had to sell something? Like cookie dough for a fundraiser? Selling can be hard right? However, when you get some success with selling, it gets easier.

So how do you get confidence in selling something without a fundraiser? Confidence comes from experience. Mitch had some great experience because he had already been building a lawn care business. He knew how to ask for the sale and he knew how to keep the customer happy.

If you want to be an entrepreneur, I would get started selling something as soon as you can. Don’t wait for the perfect time or the perfect conditions. Create something and go sell it. Go provide a service to people and just get started. You will gain experience from this process that is priceless. If you need some business ideas, they are all over the web, but here are 10+ quick ones right now.

Get Comfortable with the Idea of Exchanging Value for Profit

At least with a fundraiser, you have a “safe” reason for selling. It’s for school, or sports or a mission trip to Mexico. When you are selling your own thing sometimes we get the idea that we don’t deserve to make money, or that making a profit is wrong.

You need to make sure that you are providing value to your customer. Think of what you are doing based on it’s value, not on your cost. The customer doesn’t care that Mitch is making $250 an hour. The customer is only concerned with getting the tree branches out of his yard at a fair price.

Well, there is much more we could learn from Mitch and his $4000 weekend, but these are some highlights. I hope you have learned much and are inspired to go do something big yourself. This type of opportunity doesn’t come along everyday. However, if you learn from some of these lessons you will be well on your way.

Let’s connect on Facebook and Twitter. Have an idea and need some feedback, leave a comment below. You would make my day!

About The Author

Duane Rockensock

Duane (Rocky) Rockensock is a husband, a dad, and the National Reconditioning Manager for AmeriGas Propane. Since he was a teenager, Duane has loved hearing the stories of how people have started creative businesses or found ways to use their talents to accomplish amazing things. For that reason he started this blog to encourage teens and adults to find their purpose and to provide the tools and resources to make that happen!