Business Plans For Kids

He was able to get five customers, which ended up being $100 per week and $400 per monthwhich is crazy for only working a few hours per week and being 12 years old.

I’d recommend kids look for business ideas that handle the grunt work that adults hate.

You may prefer to set a sales goal, such as “Increase sales by 15 percent during the next 12 months.” Successfully introducing and attracting customers to new recreational opportunities, such as updated games or announcing the availability of your facility for private children’s parties, is another potential goal.

Explain how you plan to use digital and traditional promotional strategies to reach your goals.

Use the budget section of your plan to explain how much money you plan to spend on each activity required to meet your goals.

For instance, if you plan to use the Yellow Pages to advertise your center, calculate how much the ad costs annually and add it to your budget.

When explaining the threats and opportunities your company faces, look at current market trends.

For instance, more young families with children moving into your area presents an opportunity, while a competing center may be a threat.

If you find yourself raising an innovative child, encourage them to become entrepreneurs.

The internet has made it easier for kids to learn important life skills at an earlier age, particularly business skills. I started out by purchasing a few bulk candy packages from my local supermarket, and then I brought them to school.

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