Last summer Jacob started helping to mow our lawn. Â He often talked about wanting to mow neighbor’s lawns to earn some money. Â At 10 I thought he was too young, who would hire a 10-year-old anyway? Â Well, this year he was determined to mow lawns and earn some money, he was 11 years old after all and much wiser than he was a year ago! Â This year we told him to go for it and he has.
Start Early as an Entrepreneur
On his own he created and distributed a flyer throughout the neighborhood. Â I thought maybe he would get a job here and there throughout the summer. Â Summer hasn’t even officially started and the boy has been busy!
He now has three regular weekly customers, and has already earned over $100. Â That’s big money for an 11-year-old.
Of course we are helping him a bit, I created a couple spreadsheets to help him keep his customers organized and Bob supervises the mowing a bit. Â In our neighborhood the front extension is a fairly steep little hill, so it’s a bit challenging even for an adult to mow, Bob helps with that portion.
Jacob is learning all types of things from cultivating phone/communication skills, Â to time management, and money management. Â His goal is to earn enough money to buy stock in Apple. Â We are researching some options for that right now. Â But purchasing stock opens up a whole new avenue for learning about the stock market and the way our economy works.
Lessons of an Entrepreneur
We are so proud of his leadership and his work ethic. Â He didn’t sit around talking about starting a business, he just got up and did it! Â It’s inspiring to me and he is setting a great example for his younger siblings. Â These lessons that he is learning will serve him well for the rest of his life.
These are some of the books Jacob is working through this summer:
Whatever Happened to Penny Candy {this is on my to be read pile too!}
A Bluestocking Guide: Economics
Common Sense Business for Kids
Capitalism for Kids: Growing up to be your own boss
Small business owners are the heart of our country, and the opportunity for turning a passion into a business is really unlimited. Â We are hopeful that this little taste of being his own boss will serve him well in years to come.
*End of summer update: Jacob had a great summer, and did a superb job. Â He earned almost $1000! Â
Original article and pictures take foreverforalwaysnomatterwhat.com site
Комментариев нет:
Отправить комментарий