Money is a big deal in our house. We just like it 🙂 My dad is an accountant, my husbands dad is an accountant, both my husband and I have degrees in business and have always been entrepreneurial. …they kids probably didn’t have much of a choice in the matter.
I have been teaching the kids about money the same as I was taught when I was their age. They get a specific amount for allowance. They can make more money by doing extra school work and they lose money (by the penny) for not obeying. Just like real life, money is tied into work ethic and behavior.
Once a week they can take full dollars out of their money cups for ‘pay day’. 20% goes in savings and 20% is donated in a way of their choosing (usually at church). 60% is theirs to spend as they wish. Gift and other work money goes through the same process. Lily has had a bank account for a few years now and Ian (just starting to get allowance this year) is almost ready to start his. If they want candy or something from the store they use their own money.
So with all this education and family life going on Lily has picked up the entrepreneurial bug. She really wants to make money. Now, to explain my daughter a bit, she is incredibly selfless (not sure where she got it from). Last night I picked her up from her church program and she was holding small pieces of broken hard candy in her hand (…all melting) she was saving for her brother. She shares everything. When she made a bunch of money a few summers ago selling sweet corn from Grandpa’s farm she gave most of it to charity. Then she buys stuff for other people when she shops. So, when I say she wants to make money it is for the love of the process not because she is selfish or wanting stuff for herself.
She has been wanting to start a business for a while now. She wanted to do a lemonade stand, but we really don’t have a good place to set that up. She has been trying to plan shows and invite random people to our house for $.25. She has been reading books on how to make it all work. …but she is 8 years old. I have no idea how to help her start a business. (but I do know she can’t invite random people to our house for $.25)
This week, with school work starting to wind down, she has really been brainstorming. This is probably unschooling at it’s finest. Coming up with a business, executing it, and learning from it. I told her she could probably offer to walk dogs around our apartment complex or watch pets if their owners are gone on vacation (small and medium dogs only). She jumped on that and made fancy signs which we placed in the mail building. She also decided that she could pick up trash around the complex everyday and wrote out a business proposal. When, where, how much, billing times, company name etc and took it to the manager. She got points for being cute but they couldn’t hire her because of liability.
With no calls from the pet signs and a ‘no’ with trash pick-up she decided to try and sell pictures. Having a photographer for a dad helps with making sure stuff looks good. Check out her pitch 🙂 She got an order from grandpa for a cow picture so this idea was a bit more successful.
I am out of ideas and I feel terrible telling her that she can’t do the ones she does come up with. So I wanted to ask you if you had any ideas for her. Hardworking, motivated, 8 year old girl. Any idea what she could be doing to start her own business?