Last Updated on April 23, 2016 by Tim
Teaching kids the basics of business leads them to own a more stable life in the future. It is one of the values that enterprising adults can use to prepare their children to adult life. Although they cannot embark on the more complicated business plans yet, they can start by drafting simple ideas and translate them into beneficial and productive money-making schemes.
Parents may begin by asking the kids what they like to do and move on to what they think the kids themselves can do well that can generate money from using what is at hand. Next, if there is a need to train the young ones in order to perfect a skill, then, training must be provided. It is also imperative that parents teach them skills or hone skills that are already innate.
A supportive parent inspires the kids to do more and this motivation can create more productive individuals. However, pushing too hard may produce the otherwise. Therefore, if your child finds it boring, you can make things lighter, easier and more enjoyable by doubling up on fun.
Before anything else, assist your child in creating a plan. This plan should be drafted simple and must include details of how the business will work.
The plan must contain:
- A business idea – details the nature of business and how it will serve the need of its prospective customers.
- Equipment needed – must contain costing, price comparison and how to make profit
- How to attract clients/customers – see if there is a need for marketing plan
Best Businesses For Kids To Start
There are a wide variety of business ideas for kids to get involved in and the following are among them.
- Greeting cards and stationery products: This is for kids who are good with computers or excellent in crafting cards. This passion can be used to create birthday cards, greeting cards, or any card for various occasions. Those who care creative enough may earn more than those who are not totally skilled.
- Selling things on EBay: The fee when selling on this site is minimal but if the product your kid promotes proves to be in demand, then a bidding war may ensue. Things to sell may be used guitars, slightly used bikes, and other items which have been outgrown by users at home.
- Creating a website to sell products: Tech-savvy kids can create their own website where their products can be sold. Products that will likely to sell are those related to the website’s theme. Teach your kid how to target the right people to generate income.
- Selling items on local city buy/sell sites: There is no need to pay for advertisements on this site. This site targets local audiences so your child must know what toys or thingies are trending to make the business work. However, pictures done in high definition could sell more.
- Selling baked goodies: Food is a perennial excuse to buy. If your kid knows how to bake, then, the Internet is a good way to let people know that a businessis in existence.
- Recycling and selling: Having some items at home that are no longer in use can be transformed into saleable items for others to patronize. Creativity counts a lot that even wires can be sold as rings or bracelets. What more can be profitable than starting without a capital?
- Becoming a kitchen aide: Kids can also double up as kitchen help or party assistant for neighbors who are preparing for events. The woman next door might need help for her home party so there is an opportunity to talk it out once these event comes up.
- Growing starter plants: Kids who love nature may want to learn how to grow outdoor plants which can be sold within the neighborhood. After selling these plants, there is a constant need of maintaining them. Therefore, that’s an extra!
- Providing elderly care: This rewarding job is perfect for children who you love to talk to people. It only needs carrying out simple chores or spending time with a senior. Aside from the tasks, the kid would love to listen to a senior’s tales.
- Garage cleaning: Summer jobs like garage cleaning is peanuts for young boys. But before embarking on this trade, they must learn how to use equipment or tools and know which type of cleaners are used for various flooring materials or walls. Some homeowners may only require organization of cluttered spaces.
- Offering part-time residential cleaning services: Cleaning households or stores is another job kids would love to do and earn money from. If the kid knows how to do this step by step, chances are his clients will grow. He can also hire his playmates to take on jobs he can no longer afford to serve and earn on the side.
- Lawn care: Kids can do the mowing, pulling weeds or eradicate anthills. Your neighbors may want to get someone to do the job so the best way is for your kid to ask some of them if they want to avail that service. The rest will follow.
- Making gift baskets for various occasions: Personalized items are a hit for most people. Having an ability to create a basket for special occasions or holidays provides good income for kids. You can help by suggesting some innovations or adjustments to help pull in more customers.
- Brokering to sell goods: This does not require a capital which is a very welcome idea for both you and your kid. Ask your kid to think of things that people you know, or their friends need most. With valuable information at hand, your kid can sell using other people’s products and earn a profit from those items.
- Tutoring: An intelligent or smart kid can offer services as a tutor for these who fare below average at school. Teaching English to foreigners or another language to your neighbors who need it for their business commands a good pay.
Few entrepreneurs are successful on the first try but with perseverance, hard work and determination, your child will have a good chance at being successful. Of course, he or she may not be doing the job on a daily basis and not all these jobs need the child to be there.
These are just some of the starting points that may lead your child to become a better person in the long haul. Asking him or her to learn more about the skills of the tasks can make them more beneficial to society as a whole.