Hey what’s going on? Now I’m not for child labor at all. But if you find your child to be quite the little entrepreneur, why not help them learn, pass the time during summer break, and earn a little bit of cash. They’ll probably thank you for it later on and they won’t be spoiled little brats because they’ve learnt the value of a buck.
I remember visiting a family friend years ago and their son who had to be not more than 8 years old was trying to sell me some of his stuff. I mean he was selling a wallet, key chain, hot wheels, books and the list goes on. He was pretty persistent and after every rejection he’d come back with another product and go into much detail about it. I’m not sure where he learned about selling but this kid had product knowledge and knew about F.A.B. or features, advantages and benefits. This is something I learned much later in life at a sporting goods store. I wonder if he’s in real estate now or something?
I came across this bank in the Netherlands, Dutch Postbank (part of the ING Group), that has a campaign aimed at aspiring young entrepreneurs. This program teaches kids about money, responsibility and the ABCs of doing business (including non-profit ventures). It goes a little something like this:
1) Children open up an Easy Blue Bank Account and receive a briefcase full of material needed for marketing their business. This includes material for printing their own t-shirts, flyers, business cards, flyers, and more.
2) Then they go online, log on to bizznizz.postbank.nl and decide what type of business they want to run. This can be mowing lawns, washing cars, snow clearing, etc.
3) Then it’s time to pick a business name, create a logo, print the ads and distribute them in the neighborhood.
4) When your child has completed their first job they log back on to the website and print an invoice for the customer, get the cash and make the deposit.
I wish they had this program when I was a kid!
Friday, July 27, 2007
Kids having fun, being Capitalists
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