Kids are a lot more intelligent than most of us give them credit for, and that’s what makes them the perfect candidates for their own businesses. In our day we were making a few bucks a weekend off a lemonade stand, which is nothing compared to what 15-year-old Noa Mintz is raking in with her nanny business in New York City. She’s making approximately $300,000 per year matching nannies with their families and she’s doing quite well. It just goes to show that even kids can do what adults want to do, and sometimes they can do it a bit better. How? Well, many kids don’t have anything to lose. When you have nothing to lose, you have everything to gain and fear is not a factor. So for that reason, now is a good time to encourage your kids to begin their own business ventures, and we have five great suggestions for your littlest entrepreneurs.
Babysitting Services
Babysitters make good money. Trust me; they do. We’re paying ours hundreds of dollars a night to come take care of our four kids when the grandparents aren’t available and we want a few hours to ourselves. It’s probably entirely too much, but it’s what we pay for infant twins and two toddlers, and it’s definitely deserved.
Tutoring Services
If your kids are good with a particular subject, you can have them start a tutoring service to help younger kids who struggle with certain subjects. It’s a great way for your kids to earn a few extra dollars here and there and still make sure that they are getting some study time in their schedules.
Office Assistance
Your kids can offer some type of office assistance to those who run their own businesses. For example, I pay a teenage girl to come to my house a few days a week all summer to help with things around the house so I can work while the kids are home. She does dishes, she plays with the kids, she helps me with things so that I can get some work done and hang out with my kids that much sooner.
Etsy Shop
If your kids are talented or good at something, let them open their own Etsy shop. Not only will they be able to make things and stay busy, they’ll learn the art of responsibility and fun. It’s a great way for them to be productive and profitable.
Yard Work Business
If your kid has the ability to mow a lawn or shovel snow, he or she can market it as a business and make a few dollars here and there. It’s a great way for kids to make a few extra dollars and gain a great reputation around town, especially during the summer.
Photo by Christopher Furlong/Getty Images
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