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Monday, March 30, 2020

How To Start A Business As A Teenager #Best Education Page #Online Earning

How To Start A Business As A Teenager




so I'm bringing you in a totally
different video than what you may
normally see on my channel the other day
I was having coffee at this local spot
called nomads creeps or crepes however
you want to pronounce that and I was
having some food there as well and I
really enjoyed the atmosphere and this
business and so I was talking to this
young kid there and I said oh this is a
really nice place who is the owner and
he said to me I'm the owner and this kid
was younger than me so I forced him
basically to agree to do a video with me
here talking about what it's like to
actually start a business as a teenager
and he started this business when he was
in his teens so I'm gonna be
interviewing him we're gonna learn about
how to start a business as a teenager
what I want to ask from you guys though
if you want to see more content like
this more a day in the life stuff or
documenting businesses drop a like on
this video and that'll just give me an
idea of how many people actually prefer
or enjoy this style of content mixed in
but let's go ahead and head over to
nomads crepes and meet with Nick
alright guys so I did a brief
introduction here about Nick in his
coffee shop here the first thing I
wanted to spell here is it crepes or is
it crepes crap its crepes yeah so we're
at Nomad crepes
I've been call
ing every option crepes
yeah okay um we've Americanized the
portions here mm-hmm but I think I think
the language should just stay the same
we've heard all kinds of names though
okay yeah gotcha yeah so I'm at work so
you heard it here first
anyways so Nick as I mentioned basically
I have come in here and found this
really awesome place then I found out
after looking at a news article on the
wall that Nick actually started this
business when he was in fact basically a
teenager or some form of this is named
yeah 18 and I I mean me myself I started
my online business when I was in my 20s
but it's very different starting a
physical business because you actually
have like overhead you know you have a
physical space here whereas with an
online business like I started it was
literally just the cost of a web host or
a camera so you had real operating costs
you have real people on payroll and so
like I just have so many questions for
you but I think the first thing I want
to start with is like basically what you
went into detail with in that article
about the the school of life versus
going to a university or college to
learn business yeah I mean I was just
telling you before we started recording
like I feel as though during my more
formative years everything was just kind
of put in front of me circumstantially
like I had this love for coffee
I had this love for cooking and I wanted
to pursue that and I really hated the
idea of working for anything anyone else
and that's sort of what catapulted me
into nomad I was working for illegal
wages for a really long time like I'm
talking $20 a shift and I just wanted a
way of like
rising above that on my own and I wanted
to do something I love and share it with
other people so I was I was driven by
that but I think it was also an instinct
of survival because once I was out of
school I had to I had to make money for
myself and I had to put it away for this
place right because we were renting
before I was even graduated so we we
signed the lease in May and then we
opened May of 2018 so we were paying
rent for a year at that point when we
opened really so before you even open
your doors you were one year of paying
rent yeah this place was a disaster okay
got here but rent was so cheap for that
reason this place had been a couple
things in fact next door the barber shop
in this unit right here we're all just a
dry goods store okay this is like a
floating wall basically oh so there's
really nothing separating these two
places here but then it became like a
tattoo parlor and then it became like
another barber shop so it had to go
through a lot of changes in fact all of
this decor here is sourced locally like
um this barn wood is from East Line Road
oh wow a farms estates yeah and that's
what I'm talking about when I when I say
like I really do feel as though the
universe just kind of put all this stuff
in front of me I was driving the school
one day and a barn that was standing on
the side of the road was no longer there
and this all this the bar the handsome
beams came from it well that pile of
scrap Wow yeah that's amazing yeah and
so I obviously you took your time if it
took you a year to get everything up and
running minutes times like you were very
purposeful with literally every aspect
of what's in your shop here yeah yeah I
constructed the bar with my father and
these boards this was originally the
siding of the barn
why here and yeah I plan those myself
for an entire summer like literally
spend my summer cleaning for the floor
just to get the floor free off each
other
yes that's like the definition of
bootstrapping right there yes that's
awesome yeah and I think that also
alludes a bit into like what it actually
takes to start a business especially
when you're young and you don't
necessarily have access to tons of
capital yeah you know the mean did you
have money from your parents at all or
was this always straight our support and
we had money set aside for college but I
decided that I didn't want to do
academics anymore yeah I really really
wanted to just get started
jump in and sure hopefully put myself
ahead so what would you say to somebody
because I know so many people comment on
my channel with this question they are
in junior year senior year of high
school or they're taking a summer off
they want to be an entrepreneur they
know they have that business mindset but
they're being pressured by family
members to go to school I know that's a
tough question but what are your
thoughts on that I mean you can still
get a side hustle doing something that
you really enjoy I think everyone should
have a hobby at least and they should be
investing in a skill when I was younger
I was I was really big into video games
and I put probably three thousand hours
of my life into one game alone
Wow and then I played oh and then I
played Wow for 10 years oh so like
that's at some point I just I had I
heard this like inner voice and it was
intuition for sure like it was just like
what are you doing with your time to be
spent putting 3,000 hours into a game
yeah I mean I was I was always kind of
an artistic kid and we went to fine arts
classes when we were younger my twin and
I and I thought for a fact I was gonna
be like an illustrator or not or like by
the time I was 13 it that was that I've
just always been fascinated by creating
things sure and when I'm in a period of
stasis like where I'm just playing video
games for leisure and it doesn't have
any any utility it
term it just feels hollow and empty yeah
and injustice
I mean sidetracked a little bit I've
been doing that a lot myself where I've
audited a lot of the activities that I
do throughout the day and I consider
what's the what's the purpose of this
activity in something like mindlessly
playing video games or for me I mean
mindlessly watching like Netflix
something like that it's like what do
you mean what are you doing you know you
got to take your time and do something
with it well you know if you're bored
and don't have a direction then you need
to find your direction rather than
sitting there saying I'm just gonna fill
my time with this activity right you
know so to circle back here to I guess
entrepreneurship you would say so if you
are somebody who is you know looking at
entrepreneurship you don't have to go
all in and make a decision either way
maybe start a side hustle yeah and so I
now let's talk about your side hustle
because originally I was you heard you
were selling coffee out of the cafeteria
right yeah high school okay so the deal
was as a side was like sort of getting
towards the end of my senior year I was
really wondering like how I was gonna
put some extra money away and I wanted
to invest in myself so I bought 50
Boston round bottles basically like beer
bottles and I bought a brew bucket and
some nylon filters and I start buying
coffee and Paul and I was producing
between 5 and 10 gallons a week that was
the amount of volume that I was going
through selling to classmates and staff
between about three different schools at
one point so you had three different
schools you're making this coffee in
your garage or basement kitchen kitchen
my mother's my mother's bakery Island
okay I did a full takeover for like the
rest of the school year that's fantastic
yeah was this allowed by the school or
did you just fly under the radar really
surprised that it was to be honest yeah
I guess I tried to do a business like
that in seventh grade a little bit
different where I was bringing in I
would buy a four pack of the knockoff
Red Bull yeah and I would sell that out
of my locker and I only had like three
customers but these guys would each buy
like one per day and that cost me like a
dollar per can then I would flip
for three so it was like a really nice
flip but then I got a referral for
basically operating a business without a
permit on school property that's kind of
ridiculous yeah I think this cuz it was
energy drinks they didn't want kids
amped up yeah and with so come off he's
probably a little bit different I sold
two staff pre-sold of the tea is yeah
you choose for the reason why I started
doing growlers actually
so half gallons yeah and those were huge
sales for me because if you're buying
half gallon of specialty cold brew
that's like it's like a thirty dollar
sale for me
Wow yeah yeah so it grew pretty quickly
because we shared a campus with some
other schools the tech smart yes campus
over in Malta and I think that's like
burnt Hills in Saratoga and then our
school so you had all these schools
coming together trying your cold brew
and it was like kind of a I had friends
bringing bottles from the cafeteria in
the morning before they got on the bus
to that campus and they would basically
be doing self distribution for really so
you've got your so your supply chain was
you've got people bringing these bottles
to this other campus and then they're
selling them over there yeah and it's so
funny yeah yeah now were they were they
selling on your behalf or just buying
them from you and reselling them so they
were taking orders for me and then they
were basically fulfilling them what's in
it for them well they ended up where I
think wanted to help you yeah that's
cool um Sam Sam still works for me now
um he's going to school but oh but yeah
it basically grew from that point I
started selling the teachers and then I
picked up two angel investors actually
well after that so these are people who
had tried your product they said this is
good yeah when they said that first
business plan yeah I I did my first
presentation it was scary
so that so the general path you took
here was you started this side hustle in
your in your mom's kitchen yeah took
over her her Island and said I'm gonna
use this to make a business yeah and
then your proof of concept was your
friends in this in school and then you
open it up them have some faculty and
then you've got people in other schools
distributing the product and then at
that point when you had some awareness
about and was it branded at that point
or no I have a no-go I had the name so
you had branded yeah and so once you had
that brand awareness and that proof of
concept that's when you put together a
business plan yeah and then you went and
you got in front of a room full of
people and you pitched is that what you
did or how did you I basically yeah well
I did and I'm basically the pitch was I
was making them a reduced a reduced
spread of what the menu was going to
basically be okay we did three different
kinds of coffee on three different brew
methods that I wanted to use here
originally and then we did three
different kinds of prints so you
actually physically made them coffee and
right in front of them okay yeah it was
scary stupid scary like I mean making
coffee and like even now I videotaped
you doing the coffee that's probably a
Liz it is it just easy now or do you get
this and you get nervous about something
like that I'm like full Zen when I'm
making coffee because it's such a
sensory experience sure so much it's
happening all at once right and that's a
really cool thing about like loving what
you do and being able to stay in the
present while you're working yeah and
you know share something you love with
other people every day absolutely really
really cool yeah all right Nick so so
far what we've heard is mostly like this
successful side of this business you
start off with this side hustle in the
cafeteria you expand it you get angel
investors you open this place but now
what I want to hear about is is your
first winter as a business owner cuz I
heard you talking about I think I've
heard a little bit about it but I think
it really goes to show like how you need
to adapt as a business owner yeah
well this town is I can't even call it a
town oops
you gotta bleep that out man as a
village this ya know all the town and
people are gonna think it's bigger than
it is
mulch people go crazy when you call
Boston spot at least I don't know it's
the village man you know what
people that can be shaken
there will be an outrage over this video
yeah I don't bleep Adele yeah what was
the question question icon night of the
soul my first winter yes um yeah that
was really really rough and this town is
heavily dependent upon foot traffic
especially because like we're on the
main strip but people are just driving
by because we don't have parking out
front
you know people people can park on the
street they can park behind our building
but you know when there's snow on the
curb and it's literally being plowed
onto our doorstep
it's really it's really hard to get
people in yeah they're gonna not gonna
bring their shovel and dig their way
into your business yeah so I know you
pretty much you were hemorrhaging money
throughout the winter were you breaking
even or what was we're looking really
great really really scary yeah yeah but
you know I think we had to we had to go
through that it was definitely a rite of
passage sure and I'm glad that we did
because now I know what to expect for
this year and how to sort of prepare for
that we really did save our a corns this
summer and we were up 200 percent this
year so like it was nice cuz we could
sort of put money away yeah have a nest
egg for the for the winter yeah and
we're keeping steady um so that's been
really good a lot of people came through
the summer that never been here before
sure or people that were like coming up
for the track that visited last year
that haven't been here for a year they
all came back yeah it was really cool
man to like actually see growth yeah
no no wasn't was it during correct me if
I'm wrong was it during that the winter
that you decided to start serving
alcohol or what was I know it was that
part of it for okay it was right before
we did a huge we participated in a huge
pub crawl when we first got our liquor
license actually because it was time
just right we started serving alcohol in
October mm-hmm we were participating in
the which walk around the village oh so
yeah that was great right yeah
maybe they ever still because of those
alcohol sales we're never going to have
alcohol sales like that any other day
and I think that's why we're up so much
this year
sure and if you get if you're not
familiar you heard which walk you're
probably thinking what the hell are we
talking about but village wide pub crawl
but it's like it's mainly female driven
and everyone dresses up like witches and
they go bar to bar dressed as witches
just as which is it's really interesting
like this place was packed wall-to-wall
we had to move these tables here that's
wild yeah fights broke not here but
fights did break out between witches
between witches well it's bound to
happen yeah there's gonna be territory
yeah yeah and it's too funny so Nick I
know that you're the type of
entrepreneur that's always thinking like
where is the next level what's the next
step you know and I know you mentioned
that you're going to start roasting your
own coffee yeah that's something that
was like him like 3 to 5-year plan but
ok like I feel like I'm ready to dive a
little bit deeper into the coffees of
supply chain and I really want to make
more connections that way and hopefully
help other cafes that are just starting
because I was I was 17 when I first got
into this business and I had people that
were really holding my hand along the
way um because I got trained in
Manhattan with Irving Farm and then I
trained with them again the following
fall and I met a lot of people a lot of
really good people there that have
followed me up until now sure and
they've given me a lot of guidance
specifically my sales rep and
I don't think we would have opened if it
weren't for those so it's a lot about
the connections exactly so what's
involved with roasting coffee because I
know it's a different level than just
even like if you think about this the
amount of capital investment in your
original business of brewing coffee at
home to launching your first shop to
then launching a full-scale roaster yeah
I feel like we're talking different
levels your article integration yeah you
know you're cutting out the middleman
and really being able to have a product
that I see through entirely i source
myself that's the dream for me because I
can talk about it when I'm working here
and I can tell you the fine nuances of
like where this came from what variety
is yours and understand probably every
step on the supply chain right so it's
not like it's changing between 15 hands
and all these different companies and so
yeah yeah but in the long term the way I
see it is we should be you know as
business owners we should be investing
in our industry as well so like that
means investing in the next generation
of farmers sure and making sure that
they get better yields and they can get
better fruit sure better harvest so
we're actually gonna be partnering with
this one this one foundation called
coffee kids so a portion of our sales
are going to go towards helping helping
these farmers live sustainable
lifestyles be able to take care of
themselves
seek out mentorship so that they can
grow they're sure their craft and I
think that's just the the logical next
step it should be like it should be a
shared mutually beneficial endeavor you
know very much so yeah I agree with that
completely that's a great day you were
even from the ground floor thinking in
that mindset of like giving back yeah
and that's something I need to do more
myself and my business is more of that
charitable aspect and like setting up
the next generation for sure so I know
you did the angel investors for opening
the shop how are you funding this
roaster and when are you hoping like
rough estimate to be up and running with
so half of its like privately-funded so
we already built the structure that this
roastery is gonna be at it's a 40 by 60
pole barn that we built last year and
we're gonna be finishing out the inside
this fall we installed some solar on it
we're gonna try to be a little bit more
self-sufficient with energy here we
really do want to be environmentally
conscious we're gonna be funding it
through Kickstarter okay and yeah that
should be dropping really really soon
what is your goal funding wise on
Kickstarter twenty to twenty thousand
dollars and so it is your total cost
about forty or so I would take it over
850 Oh probably in the ballpark of 35 to
40 35 again so we have a lot of the
equipment already it's just a matter of
polishing it up finishing of the
branding itself and light gets it's the
startup cost
yeah no no I've never I've never raised
money on Kickstarter so I'm not familiar
with how that works but do you offer
them something in terms of them yacking
you or what does how does that work so
they'll get a bag of coffee for 20 bucks
they'll get a hat and a bag of coffee
for 40 bucks and then it just goes up
from there we could be future events -
yeah and we'll be hosting them here and
we'll be hosting them at the Roasterie
as well very cool yeah you'll have to do
a follow-up
once the Roasterie is open yeah if you
guys do want to see that video follow up
with Nick drop me a comment down below
oh I'm just curious if you guys are
enjoying this style of content of more
like documenting real businesses and
business owners like Nick if you guys
like this drop a comment and maybe we'll
follow up looking at the actual roastery
roastery is at the correct term a
roaster ok roastery when it is up and
running
so anyways Nick thank you so much for
you know and letting me do this
interview with you I just had to after I
met you I was like I gotta get this guy
in my channel yeah where do people find
out about you I mean I'm gonna link
everything up in the description and
I'll also link up your Kickstarter and
then your website and whatnot but where
would you direct people to if they're
maybe not from the area but they want to
learn more about you or connect with you
my Instagram handle which I'm pretty
active
nomads coffee crates no spaces and then
Facebook primarily
I'm always working on the website
because I'm attaching the knockabout
content to the nomad site as well just
so I can sure maintain the same hosting
stuff yeah yeah I don't want to web
sites but yeah those those links work
yeah sounds good all right so I've got
everything in the description if you
decide you want to help him out and back
him on Kickstarter just for full
transparency guys I'm not I'm not
involved in that at all I don't get any
kickback from that but if it does
interest you I'll link his stuff up in
the description and if you want to you
know back him and get your coffee or
your hat or whatever leave 20,000 maybe
a lofty goal maybe you blow it out of
the park of the interesting how it goes
but uh absolutely but anyways guys
thanks so much for tuning into this
video I hope you enjoyed it and I will
see you in the next one

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