Kids In Business - Helping your children to become entrepreneurs!
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Because why would you just want a JOB when you can own a business?
Kids are super smartt! They have all this brain power, talent and energy just ready to be tapped in to and used.
Why waste all that just flipping burgers down the road when that creative mind can design, plan, implement and build an entrepreneurial business that can not only pay them money now, but bring money and security into their future!
Why waste all that just flipping burgers down the road when that creative mind can design, plan, implement and build an entrepreneurial business that can not only pay them money now, but bring money and security into their future!
Babysitting
The perfect teen summer job to get your kids started in their own business
Babysitting is, obviously one of the easiest and most natural ways for a young teen to get into business for themselves. There's an abundant target market usually within walking distance of most teen homes so this is the perfect business for a teen who isn't driving yet too.Listen to this short 4 minute audio to get some ideas on how your child can start in the babysitting business easily:
The Tax Advantages of hiring your kids in your home business
Keep more of what you make!
Your Kids can help YOU with your Direct Sales business and you can pay them for it.
Did you know that if you have dependent children who are older than 7 years old and younger than 18, you can pay them tax free to them and write off their pay as a legitimate home business tax deduction? As long as you are paying them for actual work done, and your business is unincorporated (most independent contractor relationships are not incorporated) you can pay them up to $4,750 annually. This is a phenomenal way realize some great tax breaks for your personal income tax, create a wonderful opportunity for you to be creative in helping your children business skills and really help you in streamlining your direct sales work time. Ultimately it's a win-win-win for everyone involved.
***Read the rest of this article HERE***
Did you know that if you have dependent children who are older than 7 years old and younger than 18, you can pay them tax free to them and write off their pay as a legitimate home business tax deduction? As long as you are paying them for actual work done, and your business is unincorporated (most independent contractor relationships are not incorporated) you can pay them up to $4,750 annually. This is a phenomenal way realize some great tax breaks for your personal income tax, create a wonderful opportunity for you to be creative in helping your children business skills and really help you in streamlining your direct sales work time. Ultimately it's a win-win-win for everyone involved.
***Read the rest of this article HERE***
A fun and easy starter business for kids...
Kid's Face Painting Business
A really fun business that's easy to learn for teens is a face painting business. Once you learn some basic techniques, you can make yourself available for a fee for birthday parties, corporate picnics and parties, vendor events, open houses, grand openings at restaurants and other kid friendly places.
With very little overhead (just the basic supplies) and a good instructional book, this is one of those entrepreneurial businesses that you can get going quickly.
Here's the end all book that I recommend to get yourself going on face painting techniques. It'll give you all the details to be an expert.
Click HERE for the face painting book
And let me know what you think. Have you started a face painting business? I'd love to hear how you're making it work for you!
With very little overhead (just the basic supplies) and a good instructional book, this is one of those entrepreneurial businesses that you can get going quickly.
Here's the end all book that I recommend to get yourself going on face painting techniques. It'll give you all the details to be an expert.
Click HERE for the face painting book
And let me know what you think. Have you started a face painting business? I'd love to hear how you're making it work for you!
5 Lessons your kids will learn
by starting their own business
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.
1. 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.
***Read the rest of the lessons by clicking HERE***
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.
1. 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.
***Read the rest of the lessons by clicking HERE***
Books for your young entrepreneurs
Never stop learning!
No more toys! Give your kids business books to help them build their business!
Reader Feedback
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Grace McGregor
Jun 21, 2011 @ 9:12 am | delete
- Thanks for the resources! I recently wrote a blog post on encouraging entrepreneurship in children you may enjoy: http://www.co-evolve.biz/2011/06/12/raising_tomorrows_visionaries_fostering_entrepreneurship_in_our_children/
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JCEverett
Jun 14, 2011 @ 3:45 pm | delete
- These kinds of resources need to be provided to teachers to hand out to their students. School is where we learn how to function in society and yet being independant in our finances isn't a emphasized lesson. Great post.
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bradhiggins
Nov 9, 2010 @ 12:37 am | delete
- Thanks for the cool lens. I think your lense is very informative.
Check out mine about painting contractors
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planlifecycle
Mar 30, 2010 @ 7:36 pm | delete
- Being a kid needs for them to have a foundation about business for their future. I will try to train my kid regarding this one... thanks.. its really helpful.
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MaryGallagher
May 31, 2008 @ 10:02 pm | delete
- Thanks, fantastic message, one of my favorite topics to talk to with my son and his friends. Good tips.
best for now,
Mary
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Traits of an Entrepreneur
Does your child have these? Maybe he's ready to start his own business...
Sometimes you can just tell ... the way a child talks, acts, interacts with his peers and those older than him - you just know that he's got that entrepreneurial blood in there.
Other kids, however, may not show it as obviously - so here are some things to be on the look out for if you'd like to start your child off in their own business:
1. Initiative - does your child jump in and just do things or does he wait to be asked?
2. Dedication - Once he starts a job or project, does he stay to the task until it's done?
3. Persistence - does he continue to push through to finish something, even though it's hard?
4. Creativity and vision - is he always thinking of new ways to do thing, trying out other options or looking ahead to what else can be done?
This is just a small list to start but some key things that may clue you in to an entrepreneur in the making.
And, if you don't see these qualities in your child, start to encourage and train these traits in them by talking about them and working through issues with them in mind.
Other kids, however, may not show it as obviously - so here are some things to be on the look out for if you'd like to start your child off in their own business:
1. Initiative - does your child jump in and just do things or does he wait to be asked?
2. Dedication - Once he starts a job or project, does he stay to the task until it's done?
3. Persistence - does he continue to push through to finish something, even though it's hard?
4. Creativity and vision - is he always thinking of new ways to do thing, trying out other options or looking ahead to what else can be done?
This is just a small list to start but some key things that may clue you in to an entrepreneur in the making.
And, if you don't see these qualities in your child, start to encourage and train these traits in them by talking about them and working through issues with them in mind.
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Hire your kids in your family business
Did you know you can hire your kids in your business?If your kids are between the ages 7-17, you can hire them to do tasks in your business, and pay them a wage, just like you would any other employee.
The benefit of hiring your kids is that you don't have to pay payroll taxes on them!
In addition, your family may realize some significant tax savings by shifting income from the parents to the children.
This is a great tax planning strategy for parents who have their own business.
Click here to learn more about hiring your kids in your business!
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I love helping chidren become entrepreneurs! Why work a job when you can own your own business!
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