Entrepreneurs are the backbone of innovation, and student entrepreneurs are on the rise; 60% of teens reported wanting to start their own businesses (Junior Achievement). In today’s world, starting a business can be more than just exciting and full of opportunities; with start-ups on the rise, it is harder than ever to dive into entrepreneurship. At Hazelwood West, many students dream of becoming their own boss and creating something unique, and to better understand what it takes to be an entrepreneur, the teachers who have experience in the business world have mentored countless students.
Entrepreneur success stories have one thing in common: the willingness to take risks and challenge themselves. What separates the leaders from the learners is how current entrepreneurs make way for the future generation to follow in their footsteps. Mrs. Casey McMahon is an English teacher at Hazelwood West High School and owns a Kettle corn business, leading the way for younger entrepreneurs.
“I always thought setting my hours and working on my schedule would be cool. I quickly learned that owning a business is much more work than a 9-5 job. There are so many working parts to a business that you must have good time management,” McMahon said.
It is important to be prepared for unexpected challenges and have a plan to handle them. Starting a business involves a learning curve, and having a safety net like insurance can be crucial in risk. For those teens or entrepreneurs just starting out, organization is essential.
“You are never prepared. The start-up of a business is the same way. It takes a lot of organization, time management, and patience. There will be hiccups, but if you take things in stride, it will all work out. Also, have insurance – our business caught on fire one time,” McMahon said.
Balancing a business with other responsibilities can be tough; self-care becomes just as important as the business itself. McMahon emphasized the importance of scheduling time for yourself: This advice is crucial for maintaining a healthy work-life balance and ensuring that your business enhances your life rather than taking away from it. It’s important to set boundaries and make time for personal interests and relaxation to avoid being burned out.
“Work on communication and scheduling. A business is not worth starting if it won’t benefit you in some way. If you are constantly taken away because of the business, you are not living life to the fullest,” McMahon said.
At Hazelwood West, students and teachers have the resources to help support and empower aspiring entrepreneurs to achieve their dreams. Whether it’s through business classes, clubs, or mentorship from experienced teachers, students have the opportunity to learn and grow in a supportive environment.