Be an Entrepreneur
Today's Snack: Being in business has a lot to do with the color green - the color of
money! So have a big bowl of green lettuce with some cut-up celery and green
pepper pieces. Today, your salad bowl will go green - tomorrow, your bank
account - next, the world!
Scratch paper and pencil
Friend with smartphone or
videocamera to videotape you
is pronounced "awn truh pruh NOOR." It's a French word for "business owner." It
actually means "someone who undertakes" a new venture or enterprise - which is
what someone who starts a new business is doing.
goal-setters and problem-solvers, two of the most important skills for adult
life. Even with the most basic, most common kid business - a lemonade stand -
you see the need for planning, budgeting, promotion, customer service, and all
the other tasks of successful business operation.
The ideas for a "kid
business" are almost unlimited. There are as many different ways to make money
as there are kids on the planet!
If you would like to do
this, welcome to the wonderful world of entrepreneurship. It is a world full of
both risks and rewards.
When you start planning to
start a new business, there's a lot to think about. What do you like to do?
What need could you fill, or problem could you solve, that could result in
money being paid to you? How many hours a week can you work, and how much
profit is realistic to expect?
you are 7 and this is your first business, then operating a lemonade or
Kool-Aid stand at the foot of your driveway several times in the summer might
be just the ticket. You can sell small paper cups full for a dime or a quarter,
and earn enough in an hour or two for a movie ticket or trip to the amusement
the other hand, if you are 15 or 16 or 17 or older, more than likely you
realize all too well that you probably need to make a lot more money than that.
You have a better idea how much it costs to drive a car, go to college, have
nice clothes, and all the other things that we Americans love to have, which
all cost money.
that purpose, a lemonade stand probably won't raise enough money to satisfy
your needs. And if you really want to start your own business, can't find
another paying job, or both, maybe it's time for you to try entrepreneurship.
time to dream, and then match your dreams to the real world. Figure out what you
are good at, what you would like to be paid money to do, how you could make
your product or service better than anyone else's, and match up your desire
with a neighborhood, community or even a national need.
first rule of business is to realize that it is NOT all about YOU. It is about
your CUSTOMERS - what other people want and need, and will be willing to pay
for. All the imagination and hard work in the world won't help, if customers
don't want to exchange their money for your product or service.
when they do, it's awesome!
it all starts with a dream. Your dream!
are some "kidpreneurs" to admire:
Leanna Archer, www.leannashair.com, was 11
when she decided to start selling organic hair products such as dressings,
butters and shampoos. The secret formulas have been passed down in her family for
generations. In a recent year, her company reportedly brought in $100,000.
Leanna is based in New York.
of Utah was 14 when he released a game app, Bubble Ball, that was downloaded
two million times within two weeks after its launch on the Apple app store.
LizzieMarieCuisine.com got started when a 6-year-old girl named Lizzie
Marie in Georgia started selling home-baked goods at a local farmers market to
raise money for horseback riding lessons. Several years later, she is a teenage
media cooking guru with her own kids' cooking show through www.WebMD.com and several other projects.
Farrhad Acidwalla, who lives in India, converted $10 from his parents to develop into an
online community for aviation and aero-modeling hobbyists which he sold after
just a few months for $1,200. He was 13. Then he put $400 into another company,
www.rockstahmedia.com, which does
branding, marketing and Web development for small businesses, and he already
has 42 employees.
Asya Gonzalez, 13, designs and sells 1940s-style T-shirts and apparel through her
She donates a portion of her sales to a nonprofit she founded that helps fight
human trafficking. It is estimated that her business brings in $20,000 a month.
made $1 million before he turned 18 by developing online courses to help people
learn how to make money through hand-held and mobile computers. Now he has
started another business, www.yeptext.com,
which helps small businesses advertise their goods and services through text
Maddie Robinson was 8 when she got the idea of drawing cute sea characters on
flipflops. Her family thought it was a great idea, too, and helped her start www.FishFlops.com. After one trip to a
tradeshow, she already had 30 stores willing to sell them for her! Her company
made $1 million in sales in two years and she sold 60,000 pairs in 2012. She
has been able to donate a lot to her favorite charities and has now added hats,
T-shirts, children's books, and a video game to her product line.
Can you match them, or do
Think about your dream.
Think big! And in just one sentence, write about the business that you would
like to start.
have a friend videotape you describing it.
few years from now, when you're rich and famous, you will love looking at that