5 Lessons Your Children Will Learn By Starting A Business

Children should be allowed to be children and enjoy their childhood. However, as adolescents get older, they must learn to earn money and operate as responsible individuals in our society.

Often, they acquire a job at a Burger Joint, where they learn how to listen to a supervisor and collaborate with others, but they may also have to give up some extracurricular activities, study time, and family time. Not bad things, but enough of a struggle for many families to assist their children in establishing their own enterprises.

Why? Let’s compare what your child is learning working at a burger place to launching a company.

1. Responsibility

Burger Joint: Yes, it instills accountability. You must show up for work and perform well, or your supervisor and coworkers will be upset with you.

Entrepreneurs teach you responsibility as well. You have to work hard or you will not get compensated.

2. The value of a dollar

Burger Joint: You realize that time equals money.

Entrepreneur: You learn that innovation, responsibility, and hard work are all worth money.

3. How to Market Yourself

Burger Joint shows you how to fill out an application and attend an interview to sell yourself. You do this once, and you’re finished.

Entrepreneur: If you want to earn money, you must continually sell yourself and your firm.

4. Customer Service

Burger Joint: Serve with a grin or your boss will punish you.

Entrepreneur: Provide service with a smile or you will lose repeat business and profits.

5. Banking Skills

Burger Joint: You’ll learn how to collect a paycheck and deposit it in the bank.

Entrepreneur: You learn how to budget for advertising, taxes, and expenditures and compare them to your earnings. You learn how to deposit your earnings into the bank and make checks to meet costs. You learn how the company operates.

As you can see, both solutions are beneficial. Which option will you choose? It’s up to you and your kid.

Summary:

Children should be allowed to be children and enjoy their childhood. However, as adolescents get older, they must learn to earn money and operate as responsible individuals in our society.
Often, they acquire a job at a Burger Joint, where they learn how to listen to a supervisor and collaborate with others, but they may also have to give up some extracurricular activities, study time, and family time. Not bad things, but enough of a struggle for many families…