- Cost of goods sold
- Sales revenue
- The Three Ways We Use Money: Give, Save, and Spend the Rest!
|Emma’s biggest spenders of the day.|
As I shared more about today’s story with friends, I learned about Lemonade Day from them in return. Lemonade Day is an opportunity for Chambers of Commerce to teach youth about what it takes to start and run and successful business. I am signing both of my kids up for this!
|We wrote out a needs assessment
and an action list. We also listed
ideas to raise capital. Emma decided
to bootstrap her business meaning we
pay as we go, keep costs low, and Spend wisely.
|Spray painting Emma’s new signs. Phase 1 of her business plan
is to sell her current inventory at yard sales and a
lemonade stand-inspired booth, which we still need to make.
|Her signs are actually my old real estate “open house” arrows.|
- BizKid$ – A website with a blog, show, games, and newsletter to teach youth about business.
- Article, 10 Kids Who Started Wildly Successful Companies by Business Pundit.
- WikiHow, How to Start a Business as a Kid.
- Kidpreneurs – Young Entrepreneurs with Big Ideas!
- How and Kid Can Successfully Start a Business
- Entrepreneur Kids Academy – I discovered this website from an episode of Pat Flynn’s Smart Passive Income podcast. Enya Hixson, 10 years old has a podcast that shares her lessons learned from starting and running micro-business ideas that are age appropriate.
- A Kid’s Guide to Understanding Business and Money (Thanks, Sue Russell, for sharing this link your son found in his own research. 8/25/2016)