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For young people / i pobl ifanc

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Meet the teenage entrepreneurs making millions - BBC News

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Young entrepreneur earns £13k-a-year selling eggs

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19 Small Business Ideas for Kids | Sameer Gudhate

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Lets talk business start Up / Gadewch i ni trafod dechrau lan busnes

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Etsy for Artistic Teens

For crafty teens, Etsy is a great way to make money from their creations. The possibilities to make money from crafts are plentiful from jewelry, paper-goods, swag, housewares, candles, and even edible goods, such as jam. Esty takes a small listing and payment processing fee, but in turn offers a complete storefront, including a shopping cart and payment collection.

To earn a profit, teens need to make sure they find a low-cost source of materials and price their items in such a way as to cover their time and expenses.

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For crafty teens, Etsy is a great way to make money from their creations. The possibilities to make money from crafts are plentiful from jewelry, paper-goods, swag, housewares, candles, and even edible goods, such as jam. Esty takes a small listing and payment processing fee, but in turn offers a complete storefront, including a shopping cart and payment collection.

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Business Wales is the Welsh Government's fully-funded business support service which helps people to start, run and grow their own businesses. Our highly experienced team of advisers can help every aspiring entrepreneur take the first steps into self-employment by providing support on all aspects of starting a business.

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Support for starting a business | Help for young people | The Prince's Trust

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We've helped over 90,000 young people to start their own business - and you could be next. We work with 18 to 30-year-olds living in the UK to turn big ideas into a reality. Get in touch to sign up today.

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From time to time, we all fancy being our own boss. But will it be right for you?

The good
If you start a business and it really takes off, you can end up earning a huge salary, far more than you can earn in an ordinary job. Starting a successful company and making money from it can be great fun, and you get to be the boss too.

If it all goes well, you'll get a buzz from the achievement that you can't get anywhere else.

The bad
Starting a business is not for someone who wants a normal nine-to-five job. Expect to work evenings and weekends most of the time. A seventy-hour working week quite typical.

The ugly
Many businesses fail in their first year. If you have run your own business, having to return to a job as an employee can be miserable. Setting up on your own is financially risky - you could lose everything you have, including your home ... and friends.

What type of business could you set up?

A Sole Trader
The simplest and most common way to set up in business on your own is to set up as a sole trader. You must notify HM Revenue and Customs (HMRC). Tax is rarely simple, but if you are going to set up in business, being a sole trader is probably the most straightforward route for income tax, and it is relatively easy to set up and shut down. Financing it on your own can be difficult, and you are liable for everything if you get into debt, so your personal assets can be at risk.

A Partnership
Partnerships can have full partners (they work in the business) or sleeping partners (they just invest money and take a share of any profits). Working this way means that you can have more start-up money, more skills, and there is usually shared responsibility - if you are off sick a partner should be able to take over your work temporarily. The downside is that if the business fails and one partner leaves, the other partner(s) has to pay all the creditors back on their own. There is, however, the option of a Limited Liability Partnership which may reduce some of the risk.

A Limited Company
These businesses have 'plc' and 'ltd' after their names. Setting one of these up means there is limited liability, so your personal assets can be separate from your business assets in most cases. You need at least one director in order to register the company. Then you have to provide the following details to the Registrar of Companies: your company name, registered office, shareholders, directors, and company secretary. It is more legally complicated than sole trading or partnership, taxation is different, and there is public access to accounts.

A Cooperative Venture
All workers in the venture are entitled to a vote in decision-making, and profits are shared out equally. The amount of discussion in meetings often makes it difficult to make clear-cut plans or quick changes of direction, and the makeup of the members may mean that the most financially rewarding options are not always chosen.

Take over a Going Concern
Instead of starting a business by yourself, you could buy one that is already up and running. The assets, employees and customers are already there, and its track record often makes it easier to raise finance. However, don't believe everything the business seller or broker tells you - get all the facts checked independently, and make sure the business will pay you a living wage.

Buy a Franchise
This is where you buy the right to market a company's goods or services. McDonald's and Subway are well known franchise. A good franchise gives an instant market position, a well-known name, long-term support and a proven way of doing business. To check out a specific franchise opportunity, speak to franchisees in other towns or areas about the business and the income - they may not match up with the figures you have been quoted.

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From time to time, we all fancy being our own boss. But will it be right for you? The good If you start a business and it really takes off, you can end up earning a huge salary, far more than you can earn in an ordinary job.

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The Making of A Young Entrepreneur: Gabrielle Jordan Williams at TEDxRockCreekPark

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For young people / i pobl ifanc

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Maya Penn: Meet a young entrepreneur, cartoonist, designer, activist ... | TED

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For young people / i pobl ifanc

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WHO IS OLI BENNETT

On the 11th September 2001, in New York, terrorists launched a catastrophic attack on the famous twin towers of the World Trade Center. They hijacked and flew two passenger jet airplanes into the towers, causing the structures to collapse. Over 2,950 innocent people, from all over the world, died as a result. The majority in the prime of their lives, successful, industrious, full of hope and promise. Oli Bennett was one of those who died. He was covering an important conference, held at the very top of one of the towers, in his capacity as a successful financial journalist. He was 29.

WHAT THE CHARITY SEEKS TO DO

As a tribute to Oli, his family and friends have created the charity to help young people, from all backgrounds, get their business ideas off the ground and turned into sustainable, profitable organisations, whatever their scale. The aim is to provide financial support, where other methods of fundraising may have failed, and to offer advice. Grants will be considered for those applicants aged between 18 and up to 30TH birthday y and who are UK residents.The Charity based in Amersham, was set up after Oli died in the September 11 World Trade Center attacks... The Oli Bennett Charitable Trust has just awarded its 125th grant. As a small Charity, we haven't a staffed office and will reply when we can. Phone [for more info] 07775654519 . SUBMIT APPLICATION FORM AND BUSINESS PLAN ON www.olibennett.com - PLEASE READ THE 'GUIDANCE' BEFORE APPLYING FOR A GRANT AND SEND APPLICATION FORM WITH THE BUSINESS PLAN. WE NEED BOTH SETS TO ASSESS A PLAN. Updated 21st October 2019

WHY IT'S IMPORTANT

Oli was a fabulously kind and fair young man, and a passionate supporter of all people and their ideas. He felt it important to ensure that everyone had similar opportunities in life, and that it was the duty of those who had been successful to invest in those who, through no fault of their own, had had their choices narrowed or even blocked off completely.

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On the 11th September 2001, in New York, terrorists launched a catastrophic attack on the famous twin towers of the World Trade Center. They hijacked and flew two passenger jet airplanes into the towers, causing the structures to collapse. Over 2,950 innocent people, from all over the world, died as a result.

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How to be your best | The Apprentice winner Mark Wright | Prince's Trust Online