Well, pretty much like everyone else: Very carefully.
- She puts together a plan.
- She counts the cost of supplies.
- She counts the cost of her time.
- She sets her price per product.
- She determines if the business is viable.
- She prepares her inventory.
- She contracts with vendors.
- She sells her product.
She’s in Business!
We knew we wanted our kids to have life-experience from an early age, but there are few businesses – read none – who will hire an 8 year old.
Having taught Business and Management at the college level for many years, I knew how applicable the lessons were for life, and how accessible they are, even for young children:
Work hard for your money
Treat others fairly
Do work you can be proud of
Time = money
There is a time for work and there is a time for play
We just needed a way to do it. Enter the Home-Based Business. By taking an often-complex business planning template and boiling it down to easy-to-understand-yet-still-effective steps, we were able to walk the kids through the planning process to determine if a business idea was viable (profitable, worth our time and effort, do-able).
Besides the business skills, there were also the social skills learned in Business that we wanted our kids to grasp and be able to apply:
Meeting and Greeting – shaking hands, eye contact, speaking clearly
The world of family business is an unlimited realm.
We have heard of everything from Gem Mining to
Worm Farming, and everything in between.
The size and scope of the business is less limited
by ones ability and skill, and more so by just not
having thought of something to do.
If this sounds like something your family, or a student in your family, would like to try, then join us for
Entrepreneurship 1.0 (Students) Or Entrepreneurship 1.5 (Adults and Families)
E1.0 (14 week course. $250)
- WHO? Students, ages 12 and up. This qualifies as 1 High School Credit.
- Weekly assignments delivered via Email to keep the students progressing toward their goal of opening a business.
- We will meet via Google Hangout twice a month in groups of 5-9, to discuss ideas, progress, and roadblocks, and to build community among the students.
- Opportunity to build relationships with other entrepreneurial students
- Opportunity to Complete Business Plan and open Business before the end of the semester.
E1.5 (7 week intensive course. $250)
- Geared toward Adults and Adults leading their family to start a new business or grow an existing business.
- Faster paced Business Planning developed so that you can start working your new business in as quick as 5 weeks.
Weekly Meetings via Google Hangout with Facilitator and others in the course to discuss progress, glean ideas, share struggles and set new goals.
We are a regular family who has the knowledge and experience of helping our own children start their own businesses at 8 years old, and growing and expanding each year. We have developed our own home-based ventures that have supported our family and built in us the desire to see other families bring work-life back home.