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6 Business Ideas for Enterprising Kids

Encouraging kids to think like entrepreneurs teaches them long-lasting lessons about the value of hard work, careful planning, and creativity.

By Melanie Hargrave

child businessman

We all remember sitting at the end of our driveways at a table, a pitcher of lemonade waiting expectantly, with a big cardboard sign announcing our 25-cent cups of refreshment. Most likely, that lemonade stand came out once or twice a year over summer break as a fun way for mom to get you out of the house and for you to make some money for candy.

But what if you wanted to make money more permanently?

Teaching kids the value of money is an important life lesson that too many parents delay. While children are often given an allowance of some kind, most kids and even young adults grow up with very little concept of business skills.

Rather than waiting until your kids are out of the house to teach them about getting a job, you can encourage them to handle money responsibly, work hard, and develop their creativity by starting their own business now. It’s an important life lesson: hard work and dedication pays off!

And although the lemonade stand is a classic fall back, here are 6 other business ideas your kid might like to try his or her hand at.

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1. Dog Walking

Starting a dog-walking business can be a very lucrative endeavor—even for adults! Since many families are out of the house all day at work or school, their pets are often left home all day in need of exercise and relief.

Help your child organize a service by contacting neighbors and friends. With Facebook and other social media outlets, it is even easier to find people who may need a dog walker. You can even set up a blog or website for local families to find the business and contact you (or your child) about hiring him/her.

child walking a dog

2. Selling Crafts

Does your child have a talent or passion for crafting? Show them that this talent can be more than just a hobby by selling his or her crafts. Show them how to set up an account on an e-commerce site like Etsy or help them contact local businesses and boutiques that might be interested in selling them at their shop. From homemade slime to beaded jewelry, there is a market for just about anything.

3. Doing Yard Work

Doing yard work doesn’t have to be a chore. Many homeowners are more than willing to hire a young entrepreneur to mow their lawns, pull weeds, and do other similar tasks. They can enjoy paying a lower price for good work and your child will get a pretty penny for their efforts. If you take time to send out seasonal flyers and business cards, your kid can develop a small side business into quite a lucrative empire.

l doing yard work

4. Babysitting

Babysitting is another classic go-to, but is no less viable an option. Depending on the age of your kid, they can work as mother’s helpers or independent nannies. Help them set prices and rates for services and sweeten the deal with CPR certification. If they set competitive rates, your son or daughter may have parents banging down your door for their services. Experienced babysitters can organize a half-day or full-day summer camp for neighborhood kids by combining activities such as arts & crafts, sports or baking.

5. Tutoring Younger Students

Professional tutors can cost parents an arm and a leg. However, if your child is particularly gifted at a subject like math or writing, he or she could easily start a tutoring business for younger students. Their rates will obviously be dramatically lower than professional prices (which can be as high as $60/hr.—yikes!) but still a great income for a kid.

teen tutoring a younger child

6. Blogging

Writing on a blog is a great outlet for kids to make some money. If they need some inspiration, help them find a topic they enjoy and show them how to set up a blog and optimize their posts. Once they have some regular content up, they can monetize their blog through Google and other online ad services fairly simply. This is probably a good business venture for middle school or high school kids, but any age can have fun with this side project.

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Melanie Hargrave is a wife and homemaker whose pride and joy is her family. In addition to spending time with her husband and daughters, she loves writing about a variety of topics from business to home improvement, and finds inspiration from success stories like that of Rick Schaden.

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Finance

Wondering How to Teach Your Kids About Money? Try These Money Games






Do you question your children’s entertainment habits?

See them taking the time to watch Ben 10 Ultimate Alien and play Diner Dash and the other internet games and wish they’d do something more fruitful?

Most parents assume that online games and cartoons are bad for their kids.

After all, they should be outside playing, right?

They must be damaging their eyes by staring at the screen for so long, right?

Games for Good

how to teach your kids about money laptops
Photo by Flickr user Wesley Fryer

However, the sheer number of benefits associated with game playing is staggering. There are reports that video games can help children to with their hand eye coordination.

Today, there are even games nowadays which help to combat obesity, such as Dance Revolution.

The educational benefits associated with game playing are vast as well. Games tie topics that you want your children to know about into a fun framework that enables friction-free learning.

One area of learning which children can receive a head start with is financial education. Money-based games get accustomed to the way the economy works and how to manage their money.

Why is Financial Education So Important?

how to teach your kids about money piggy bank
Photo by Flickr user Jamie Anderson

It is crucial that children learn about finances and the economy from as early age as possible. Unfortunately, many parents and schools don’t delve into this area until later in children’s lives.

But given the way the economy is changing, the sooner they learn the better.

Your child needs to learn the value of money so that they know how important it is to be cost effective and to save.

You’ll even find that this proves to be beneficial in your home life because they are more likely to back off when it comes to nagging you about the new toys and the games that they want.

Okay, so now you’re wondering how to teach your kids about money.

What Money-based Games Are Available?

how to teach your kids about money games
Photo by Flickr user Dajan

There is a vast selection of games available which contain some focus on money:

  • basic games which revolve around collecting coins
  • educational games specifically designed to teach children about the economy and finances
  • management games, such as Diner Dash, which revolve around running and owning a particular business

In the case of Diner Dash this obviously relates to restaurants. Nevertheless, there are a vast array of other options, including; spas, retail shops, and cafes.

These are great because they teach your child about revenue, profit and how to spend wisely.

How Do these Games Give Your Child a Head Start?

how to teach your kids about money life lessons
Photo by Flickr user Maze Walker

Quite simply, they get your child thinking about money.

Without releasing it, your child will become more accustomed to the way the financial world operates. They being to pay particular attention and are more likely to realize the cost of things, how you need to save and how you need to spend wisely.

Next time your child is about to watch Ben 10 Ultimate Alien or play an action game, encourage them to play something which is based around money.

Give them a financial head start for the future.

Guest blogger Emily Steves is a freelance writer. From the best online games for learning to the best ways to monitor children’s video playing habits, she has written on a whole host of cartoon and game related topics.

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