Kids need to be kids and enjoy their time as children. But,
at the same time, as they get older, they also need to learn
to make money and function in our society as responsible adults.
Oftentimes, they get a job at a Burger Joint, where they learn
how to listen to a boss, and how to work with others, but
then they may also have to give up some extracurricular activities,
study time and time with family. Not terrible things, but enough of a challenge that many families are helping their
kids start their own businesses.
Why? Let's compare the lessons your kid is learning working
at a burger joint verses starting a business.
Responsibility.
Burger Joint: Yes, it teaches responsibility. You need to
show up for work and do a good job or your boss and co-workers
will get mad at you.
Entrepreneur: Teaches you responsibility as well. You need
to work hard or you won't get paid.
The Value of a Dollar
Burger Joint: You learn that time is money.
Entrepreneur: You learn that creativity, ownership of responsibility
and hard work is money.
How to Market Yourself
Burger Joint: Teaches you how to fill out an application
and go on an interview to market yourself. You do this once
and then you're done.
Entrepreneur: You have to market yourself and your business
on an ongoing basis if you want to make any money.
Customer Service
Burger Joint: Service with a smile or your boss may reprimand
you.
Entrepreneur: Service with a smile or you don't get repeat
business and your income drops.
Banking Skills
Burger Joint: You learn how to collect a paycheck and how
to deposit it into the bank.
Entrepreneur: You learn how to budget for advertising costs,
taxes, and expenses and weigh them against your profits.
You learn to deposit your income into the bank and write
checks to cover expenses. You learn how business works.
As you can see, both options have benefits. As for which
option you'll choose? That's up to you and your child.
Joelle Davidson welcomes you to http://www.showkidsthemoney.com
where you'll find plenty of free information to help your
kids start their own businesses.
