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Lesson Learned by Kids when Starting a Business

1. Responsibility.

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.

2. The Value of a Dollar

You learn that time is money.

Entrepreneur: You learn that creativity, ownership of responsibility and hard work is money.

3. How to Market Yourself

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.

You have to market yourself and your business on an ongoing basis if you want to make any money.

4. Customer Service

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.

5. Banking Skills

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.