Summer Businesses for High School Students?
An anonymous reader asks: "A friend and I are going into our final year of high school, and given a variety of factors (the relative paucity of technology jobs for HS students, etc.), would like to start our own business. We'll probably have about $1000 in capital, but (in effect) start out with no other resources other than our own skills (technical and otherwise). We have no constant access to a car, which means on-site tech support is effectively out. We'd like to start something in the technology field (IT, software design, hardware construction - we can solder, web design, etc.), but are open to any suggestions. We'd also like some sort of business we can start this summer, but can continue to maintain. What do you suggest as a business idea for the summer->longer term?"
I'd not even bother.
/ad aware and the like make problem solving easier on consumers
1: Everybody can make a website.. Notice I didnt say good
2: Anti-crapware like the new AOL discs
3: Real software issues on MS systems always require a reinstall-Use vendor wipe disc
4: If its a hardware issue, you cant repair motherboards and the like. On dell/gateway crap, it's "Buy New Machine"
5: You're just HS students. I'm 22 and people look down at our age group as consultants. The "Consultant" is supposed to be 30-40 after numerous lay-offs and fires (from idiotic companies that lie to get out of unemp.)
Yeah, at 22, I'm jaded enough to be a consultant. I've not seen it all, but close.
Great advice except for the no taxes part. That's against the law. You are required to report your income whether it's cash or check. Actually, some of your clients will probably prefer to write you a check anyway so you will have a paper trail.
Furthermore, if you want to account for your time in order to impress a potential employer in the future, you had better have your ducks in a row; there are ways of finding out. Otherwise, you will have to lie and say you spent the summer doing nothing. That might be dodgy given the fact that 30-40 people around your neighborhood will testify that they hired you, and hundreds more saw your flyer.
Maybe you are OK with working under the table like the thousands of carpenters and the like who try to get paid in cash, but if you ever want to do work for the federal government either as an employee or contractor, they will probably want to know every job you had for the past 10 years, so you then have the choice of perjuring yourself or admitting that you owe back taxes, neither of which is particularly great news to the employer.
Finally, you should consider that finances are a vital part of running a business; the accounting and tax work you will do will be useful experience for later on when you start the next great software company or whatever you end up in.
Good luck!
it's = "it is"; its = possessive. E.g., it's flapping its wings.