Kids look for business ideas when they are too young to have a regular job. It's worth encouraging this! Making their own money builds confidence, develops life skills, and encourages your child to take an interest in mathematics and written English - maths for calculating profit margins, and English for writing marketing materials.
The right kind of business experience when they are young can provide kids with a lifelong ability to make money. This is a priceless asset in today's uncertain economy.
Kids naturally want to earn their own money once they understand what money is and how it works.
Before they are old enough to have a regular job, their only option is to become entrepreneurs, and unlike adults, they are usually not daunted by the prospect.
Here are just a few business ideas for kids:
Household help
Babysitting
Finding lost golf balls
Selling things on eBay
Bartering
Exercising agisted horses
Dog washing/walking/sitting
Breeding rats
You need to start early and work constantly to keep your kids' money attitudes positive.
We've all heard our children complain "I can't", haven't we? And when they are little, it's often true that some tasks are beyond their capability at the time.
What we did was to get our kids to say "I need more practice" (or sometimes "I need to get taller"!) These days, they are all teens and tweens, and we just don't hear "I can't" any more. We sometimes even get the delightfully honest "I could do that if I practiced, but it's too much of a trek and I can't be bothered ..."
The difference between "I can't" and "I choose not to" is priceless.
There is no point finding great business ideas for your kids if they are going to be sitting around saying it's all too hard - the business ideas will never be implemented. Focus on their mental attitude, and then their businesses - and their entire lives - will reap the benefits!
Jenny Ford is an expert in educating children about business and wealth creation. She is one of the founders of Cash-Smart Kids.
She holds an Honours degree in Psychology, a Diploma in Training and Assessment Systems, and an Advanced Diploma in Business Management. She is the mother of three young entrepreneurs, all of whom started successful businesses when they were nine to twelve years old.
Kids Money Articles Review by Jenny Ford
Doing easy elementary science projects need not be kept only for science fairs. There are many good reasons why you and your kids should do science experiments all the time.
Here are a few of those reasons:
Our easy elementary science project for today falls in to the category of "fun." It is a very simple experiment and the kids will be able to do it with very little help from you. You will have to supervise though; otherwise you will have a big mess on your hands!
To start, explain to the kids that the earth consists of rocks, sand, humus, water and air. This is all the "ingredients" necessary for life on earth. Plants, animals and humans all need them in order to be able to survive. In our science project we are going to have a look at soil. We are going to find out how much air is trapped in different kinds of soil.
What you need:
What you have to do:
You will note that the soil that is the most tightly packed will have less air in it than for instance a soil with lots of humus, taken maybe from a flower bed. Do you think plants grow better in well aerated soil or in soil more densely packed? This can be the subject of a later easy elementary science project. Have fun!
Get more of Magrietha's Elementary Science Fair Projects, you can also get easy science fair projects for all the grades on her site Easy Science Fair Projects and for another short, easy, "eggy" one you can visit Magriet Recommends.
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