This is why your child should have a business
Can kids have a business? This is the burning question in the minds of many people today. Regardless of several responses from different individuals, everyone can own a business. This is an excellent thing to do because entrepreneurship is all about creating a mindset geared toward success. Therefore, a child who owns a business at a very young age, or later, is more likely to fight for success. Even as they grow up, they will fight to live a better life.
So yes, children can own a business. For them, this is a great way to focus their energy, drive, and mind on something productive. It is miles apart from just being at home, watching cartoons, and later on visiting friends. I can tell you that if they continue like that (playfulness), it all will be a spending cycle. The bad thing about such spending cycles is they breed consumers out of your family. When other families are creating income, yours would be busy spending and investing nothing.
But a child owning a business can change all that!
With that being said, I would like to iron out something really quickly. A business is a business regardless of the age of the person in charge of it. Therefore, I once again say that your child can and must own her own business, even when she’s just out of pre-school!
There are many reasons why your child must own a business, and here are just a few of them.
More ka-ching! That must be a big motivator. It is the reason why you all spend a few hours with your kids because you’re mostly away at work. But when one of your own kids gets into business, she can make more money. This will allow you to work less and spend more time with your children. By working less, it’s not like you take their money for family use. No! You only save more because your kidpreneur will now be taking care of herself, moneywise. Where you were supposed to buy her a cellphone, she gets for herself. Think of many other things, including college fees, when she finally gets there! These are massive savings she allows for the family.
With more money, she can also build towards attaining financial freedom and building generational wealth. She also has more money to make investments that can grow into millions when she gets old.
Ownership of capital
Owning a business means owning one of the means of production in the country. Looking back, we see that black families were deprived of capital ownership. In other words, they would never profit from the means of production in the country. But a kidpreneur aligns herself for the real ownership of means of production. It means that she profits from what people in the county consume. That is huge, and can only mean wealth-accumulation!
As your child runs her business, she will come to times when she must make difficult decisions. That’s what happens when you own a business. When she does so, she gains special leadership qualities each day. I am not saying that being in business is all about making difficult decisions, but it will happen in some cases. So, as she stays ready for such times, she grows as a leader.
Achieve their purpose in life
Everyone is born with a purpose in life. It’s unfortunate that many people fail to realize that and end up living to fulfill some other people’s purposes. Nevertheless, a child who owns a business sets out to serve her own purpose. Nothing is as fulfilling in life as to be able to live and serve your purpose. If your child can stand and say I am doing what I was born to do, step up, and tell him/her to be proud!
Doing business is one journey full of lessons. Besides the education that your child is already getting in school, business teaches her many other things. That’s the reason why when she eventually graduates from college, she will be miles ahead of her peers. She will be full of real knowledge about, for example, when to file taxes, what deductions are available for her kind of business, and so forth. More so, she will know some practical examples of how to lead a business – tried and tested by her!
In short, she builds her own unique experience through working for her business.
Help other kids or causes in the community
I have seen some kids that own businesses also involved in charity work. It’s a sweet site to see a 9-year old child taking donations to a cancer foundation catering for adults! That’s amazing, and your child can be the one making such massive contributions to society.
Besides helping adults, your kidpreneur can also help other children make the best out of their own lives. She will have a good experience to share. She can share how her business idea started and the role her parents played. By imparting this kind of knowledge, she will help hundreds, if not thousands of other children across the country. This way, she can only make the world a better place – and that’s fulfilling!
The world understands that getting into business is so that you make profits. Therefore, you would be happy to want to see your child making huge profits at a young age. Moreover, there is a positive impact she brings to society; that should not be taken lightly. She can employ people from her community and also make contributions to charity. When she makes the world a better place, for me, that’s amazing to watch as a parent!
If you are interested in seeing your child also making such positive contributions to society, get in touch with us today! Also, we have prepared ten FREE business ideas that your child can explore. Sign up with your email address to receive these directly to your mailbox. You will be amazed to see that your child, too, can open a business.