An interesting way to begin the process of generating small business ideas is to think about what a kid could do to start a business. I like to think of ideas for my children, and I am amazed, once I begin to really cogitate on it, how many genuinely good ideas there are for businesses that even my young kids could do.
Once my 12 year old daughter needed to raise some money for a dance project she was involved in. She chose to make it doing something she really enjoyed: baking. She baked some pastries and cakes and loaded them up in a cart and with the help of her brother, set up a table next to the street, and sold them to motorists and construction workers over the course of one Saturday. Many of the customers returned to her stand after having eaten the pastries and asked her when she would make more so they could come back.
In a couple hours, she had generated over $50. She took out her expenses of ingredients and paid her brother for his time and still ended up making around $15 an hour. At twelve years old!
There is a vast source of dynamic business ideas within the mind of everyone, just waiting to be tapped. It just takes a little imagination!
Not so sure? Here is an midget list of a few ideas that your kids or any kids could do to generate regular income:
- Sell fruit and vegetables from a roadside stand. There’s good money in this. Know why? Yep, that’s right, God does most of the work because we don’t make the plants grow! We just have to harvest the crops. Yeah, it all takes work, but what doesn’t? There are always people willing to pay premiums for fruits and vegetables that are not poisoned with insecticides and herbicides and other human-icides. People love fresh fruit and vegetables, and there is nothing more innocent that some children setting up a stand and selling from a street corner.
- Create gift cards and sell door to door. Some kids are extremely gifted in this area. Young girls often make these things when they have a party for one of their friends; invitations, thank-you notes, and birthday cards. Handmade, designed with care, these little tokens of love are valuable, and sell.
- Lawn service in the neighborhood. I’ll bet a group of 12-15 year olds could do this job for less than half of what a landscaping company would charge. And they likely would do as good, if not a better, job of it. Saturdays are great days to help out in the community and make a nice income from it at the same time.
- Start a House Cleaning Service. Every house gets dirty, and no one has enough time to keep them clean. Kids who might waste away their weekend could instead provide a valuable service to neighbors and friends and start learning the process of making money and managing a small business.
- Here’s a new one: Make a business of helping people clean out their garage. Sure, sounds funky, but really, doesn’t EVERYONE need to clean out the garage? Of course they do, and most cannot find the time to do it. It’s tough work, besides. So if a couple of kids (or even older ones who drive) could offer the service of cleaning out the garages of the neighborhood, just think how much good would come of it! Further, after the junk is cleaned out, for an additional fee, the ones who have a truck or car could take the excess stuff to Goodwill, or the dump. Now that would be a useful service.
The truth is in this short list we haven’t even scratched the surface of possible small business ideas for young kids. There are thousands of other possibilities. And all of them, every one, could generate a healthy, worthwhile income if done right. But even beyond the making of money and helping others, the skills learned by managing one’s time, handling money, dealing with problems, and realizing returns on time invested are invaluable to children. They benefit immensely from the activity.
Because business skills teach life skills 🙂