We should encourage entrepreneurship spirit in our children beginning at a young age. Children are very creative and having a dream to establish a business and be self-sufficient and successful are very positive goals.
My parents were small business owners. I saw how they struggled to make ends meet when their business was established and then the benefits they reaped as the business grew. After I graduated from law school and returned home to practice law, the seeds they had planted in me for entrepreneurship began to grow and I established my own private law practice. My parents always encouraged me and my sisters to be self-sufficient and follow our dreams.
Later, as a mother with two sons, I hired them to work in my office to do general office tasks after school and on the weekends. By working with me in that business environment, they were able to experience hands on training about what it is like to own your business and the dedication and hard work it takes to be successful.
Many children do not have the opportunities that I and my children had but parents can still open their children’s minds to the possible business opportunities that are available. Children frequently ask for money so why not think about ways to help them earn money rather than just giving it to them. If your children’s school has classes that teach entrepreneurship, encourage your children to take them. If there are after-school activities and clubs centered on business ownership and development, again, encourage your children to participate.
Of course, the typical business idea for children is the ubiquitous lemonade stand. However, there are many websites that have ideas for children’s businesses. At the end of my blog, I will give you a website with some very creative suggestions.
The key component is the parents’ involvement to help start and run the business, as children cannot possibly do it themselves. Please do not start a business and then give up because you allow other tasks or activities to take precedence. Many factors must be considered before starting a business with your children, including the time commitment involved, the availability of financing, and the general logistics of where and how it will be operated. As the old saying goes, failing to plan is planning to fail.
Please visit this website for some business ideas for children: click here