A young entrepreneur being given directives on the requirements of starting his own business. 17 Year Old Planning To Buy A Business - Advice For A Young, Aspiring Entrepreneur
A young entrepreneur being given directives on the requirements of starting his own business.


I'm a 17 year old high school senior, graduating next June. My goal is to buy a small business after graduation, using some money I've saved, some help from my parents, and hopefully some seller financing. What should I be doing now to begin to prepare so I can hopefully be ready to buy a business 9 to 12 months from now Thanks!


My first reaction is to tell you to take your money and go to college! However,

being a die hard entrepreneur, I have a world of admiration for you - but we must also be realistic. The chances of obtaining seller financing are close to nil, unless the business is either grossly overpriced, failing, or the owner is your relative.

I do not mean to sound patronizing but it will be very difficult for you to convince any seller to participate in the financing given that you don't have the benefit of ever operating a business full time, or any post-high school business experience.

If, however, you set some realistic goals and expectations, and use this business as the platform for you to have a phenomenally successful business career, then my advice would be to get into a small, affordable business where you can cut your teeth and learn all of the different facets of running a business through your hard work and in the trenches experience.

I would also urge you to consider taking a business accounting course.

It will pay huge dividends to you in the future.

This article represents a fraction of what you’ll learn on this topic in the How To Buy A Good Business At A Great Price© series - the most widely used reference resource and strategy guide for buying a business. To learn more click here

Recent Posts
Global Political Concerns When Buying A Business

Global Political Concerns And Buying A BusinessIf you listen to news outlets and read articles from across the political landscape, it would be easy to believe that the world is ab

Continue Reading >
A Buyer Needs To Be Wary Of A Sellers Remorse When Buying A Business.

It's normal for a buyer to experience concern and apprehension as they close in on a deal to buy a business. What buyers often don't anticipate however is being hit with remorse fr

Continue Reading >
There's A Ton Of Incorrect Information About Buying A Business

I try to read every article about business buying and selling and specifically in regional markets across the globe. If one were to believe the contents of each one, you could go c

Continue Reading >
Site By Consult PR
© Diomo Corporation. All rights reserved