Some of the best business ideas start early—very early. In fact, many of the world’s most successful businesses, like Facebook and WordPress, were launched when their founders were still in their teens.
That’s why we were so excited to support the business ideas of some budding young entrepreneurs by participating in the BUSINESS G.IRL Incubator virtual workshop. It’s held by The Compton Girls Club, which equips girls in Compton, California, with the resources they need to pursue their business ideas and be successful.
Several qualified female experts led sessions to educate girls on the basics of business—from insurance and taxes to business planning and pricing. These experts included:
- Amy Murphy, leader of the Expert Segment Marketing Team within Intuit’s Small Business Self-Employed Group
- Jessy Hanley, director of Ecosystem and Lifecycle Marketing at Intuit
- Nayo Carter-Gray, owner and founder of 1st Step Accounting LLC and a QuickBooks ProAdvisor
As part of the Incubator, the girls got to participate in workshops and get feedback on their business ideas, which ranged from bakeries to sneaker companies. They also walked away with tons of valuable knowledge to fuel their entrepreneurial spirits and start their businesses on the right track.
However, much of the information the experts shared wasn’t only applicable to the young girls. As we listened to the sessions, we heard nuggets of wisdom that apply to all business owners—whether they’re well-established or just getting started.
We’ve pulled together some of those important tips and reminders right here. Whether these are new to you or you’re simply in need of a refresher, we think everyone can take something away from these lessons.