Having a small business can be very challenging as well as enjoyable for kids. More than ten years ago, selling lemonades, cutting lawns, delivering newspapers, selling cookies and other forms of enterprises keep teenage entrepreneurs busy. As the years pass by, young entrepreneurs evolved and some graduated from the traditional businesses of selling cookies and cutting lawns to become full fledge business people. As these enterprising kids grow up, most of these enterprising kids continued their business and become successful at it.
One of the best examples of a teenage business that grows into an adult business is that little girl who used to sell cookies around the neighborhood and grew up to be the proud owner of two successful bakeshops across town. From earning a few coins selling cookies each summer around the neighborhood, that little girl turned her business into something that brings about thousands of dollars in profit every year. The secret of her success is that at an early age, she was already exposed to the nitty-gritty of finding good suppliers of ingredients for her small business and had established a good relationship with these suppliers. Furthermore, when she was still a teenager and do not have any pressing needs to earn a living on her own, she had all the time to experiment in baking different types of cookies and pastries that she was able to come up with some really good recipes.
Advantages of Starting Young
There are many advantages of getting into business at a very young age. Teenage entrepreneurs learn their trade early and had more time to hone their business skills. After years of engaging in their teenage businesses, these young people develop a system of their own when it comes to handling their business affairs. These systems will then play a vital role when the teenager later on decide to pursue his or her teenage business and turn it into a full fledge adult business. According to studies, most young entrepreneurs used the skills that they learned early on to expand their business when they get older. As parents we need to encourage our kids when they display an entrepreneur sprit. Not that all kids will grow up to be in business but it ingrains in them an understanding of self-reliants.
Another advantage of starting a business at an early age is that teenage entrepreneurs gain loyal customers over the years. It is not uncommon for people around the neighborhood to feel an affinity for the young entrepreneur thus they will not really think twice when it comes to supporting the younger entrepreneur. Since teenage entrepreneurs have already established rapport and good relationships with their clients, keeping these clients will not really be hard for them. In fact, some loyal clients will prove to be very useful when it comes to advertising the business expansion of the young entrepreneur. Note that a good word from a very satisfied customer will always bring in more business. Now with the Internet young entrepreneurs literally have access to the world. Social networking sites such as My Space and Face Book are good training grounds to become a savvy online entrepreneur.
Your teenagers are great resources for your home business. They know what’s “HOT Now” and most of them have had computer training in school so as to help you with your online business.
Make that home business a family effort. Enjoy your business and your family at the same time.