// ARE YOU THE NEXT TOP ENTREPRENEUR?
Instead of looking for a job, why not make one? Being an entrepreneur isn't as hard as you might think. Here are some of the key steps for starting your start-up.
- Learn what others are doing. Find out what other young entrepreneurs are doing. You may find that an idea you thought was crazy could be really successful, or that your big idea needs work.
- Make a business plan. Writing down the essentials helps you clarify your idea and set goals. A business plan is also essential if you intend to apply for a loan. The RBC Business Resources section provides everything you need to know to create a business plan, with examples.
- Secure funding. Figure out how much capital you will need to get started. It could range from a few hundred dollars to buy grooming supplies and print flyers for a dog grooming business to thousands of dollars for a tech-based company.
- Work with a mentor. Pair your enthusiasm, energy and great ideas with sound business practices. Seek a mentor — someone with more business experience than you — who can help you learn about running a business and make smarter choices.
- Use your network. Tell everyone you know about your business. You'll get word-of-mouth advertising, and you may get support, such as business advice from experienced entrepreneurs, financial investment or volunteer services — and sales.
- Capitalize on resources. As a young entrepreneur, you'll find plenty of help in the form of loans, awards and mentors. Take advantage of everything you can to build a strong business and hone your business acumen. Start with the links on this page.