Starting a new business usually involves coming up with a new, better product or method of providing that product. Computers and operating systems existed before Bill Gates started Microsoft, but he knew he could create an operating system that was easier to use and make computers easier to use in general. He came up with his idea, marketed it, and founded one of the largest software companies based on his improvement of computers and their systems. Today he’s one of the richest men in the world. Ideas like this don’t come around very often, but if you’re a skilled worker in an industry that interests you, like Bill Gates was, you can come up with an idea that may not make you a billion dollars, but will at least provide you with a good startup business.
Bill Gates was an exceptional software coder. He could build on his idea for a new operating system because he had the raw skills to do it himself. He didn’t need to rely on others to make his idea happen. The best ideas for new entrepreneurs are those that you can build upon yourself and create a new product or delivery system that will disrupt the market. In today’s tech-obsessed world, disruption is the name of the game. Gain skills, either with on-the-job training or in school, and you will develop the raw tools you need to create solutions people are willing to pay for.
Caroline McCaul is a freshman at the University of Texas. In high school, McCaul participated in Launchgen, an educational program that promotes new, innovative business ideas. She graduated from Westlake High School in 2015 with honors and completed multiple Advanced Placement courses, such as English, Government, Economics, and more. McCaul participated in many other extracurricular activities that have helped her get into the University of Texas.