Start A Business And Teach Your Kids These 5 Important Lessons

Kids need to be kids and enjoy their time as children

. But there is another thing they need to learn as they get older and that's to make money and function in our society as responsible adults.

Oftentimes, they get a job at a Burger Joint, where they learn how to listen to a supervisor, and how to work with others, but they may also have to give up some extracurricular activities, study time and time with family. This is not terrible but it is challenging enough and it lead many families to help their kids start their own business.

Why? Your kid will learn certain things working at a burger joint versus starting a business and that's what we need to compare.

Responsibility.

Burger Joint. It's true that 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.

As an Entrepreneur. Teaches you responsibility as well. Working hard is a must otherwise you will not get paid.

Learning about the Value of a Dollar

1. Burger Joint. Time is money and that is what you will learn here.

2. Entrepreneur. Creativity, ownership of responsibility, and hard work is money and that is what you will learn here.

Learning how to Market Yourself

At a Burger Joint. You will be taught how to fill out an application as well as go on an interview in order to market yourself. You only need to do this once, and then you are done.

As an Entrepreneur. Marketing yourself and your business on an ongoing basis is a must if you want to make any money.

Learning about Customer Service

At a Burger Joint. Service with a smile or your boss may reprimand you.

Entrepreneur. Service with a smile otherwise your income drops and you don't get repeat business.

Lessons in Banking Skills

Burger Joint. You learn how to collect a paycheck and how to deposit it into the bank.

2. Entrepreneur. How to budget for advertising costs, taxes, and expenses is another thing you will learn and weigh them against your profits. You learn how to write checks and deposit your income into the banks in order to cover expenses. You learn how business works.

Both options have benefits, as you can plainly see. As for which option you'll choose? That decision is for you and your child to make.

by: Julia Legrand

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