Business Ideas For Kids


 

Business ideas for kids are a great way for kids to get a taste of the business world, discover if they want to start their own business, and create a sense of responsibility for themselves. These ideas will help you and your kids decide how to go about starting a business if it is something they want to do.



How to Get Started with Business Ideas for Kids

 

First you and your child have to decide what kind of business your child wants to be involved in. It can be something basic like running errands, washing cars, or tutoring younger children or even adults. On the other hand, you also have the extreme cases of children who started a business and started making hundreds of thousands of dollars from their ideas. 

It’s important that you look into activities and things you enjoy doing.  It’s also as equally important to do some research to find out if there is a market for this passion of yours.  Simply put, without a market you will have no business. 

Once you have your business idea in a niche that has a sizeable market and that you’re also passionate about, then it’s time to start collecting the tools you will need. A laptop (or almost any type of computer) and an internet connection are a necessity, as are other items that are specific to the nature of the business you will start.

When you set up your business, and if it is off to a good start and is growing, then you might consider making it into a formal business entity like a corporation or an LLC.  Although, you don’t have to wait until your business shows signs of growth for you to incorporate it.   


Tools You Will Need for a Business for Kids

 

Today no business owner can really afford to be in business without having a presence online in a form of a website or a blog, and this holds true for kids as well. In addition to a website, you’ll also need various software programs to help with record keeping and other parts of running a business. It will be up to you to keep track of your own income and expenses for taxes.

As a child business owner, you might be able to qualify for a state grant to secure any equipment or tools you might need.  So check to see if you qualify.  SBA.gov is a good place to start learning more about this.



 

5 Business Ideas for Kids

 

Here are 5 small business ideas for children.

  1. Create websites or online photo albums – Kids can utilize templates to easily make online photo albums for those who aren’t too good with computers.
  2. Make something and sell it – Children who enjoy making things with their hands can make quite a bit of money selling those items, either online or in the real world.
  3. Offer IT help – Seniors, especially need some help with their computers from time to time, and kids who have grown up with technology usually know a lot about it. Just charge them for the help you may already be providing.
  4. Grow flowers or produce and then sell it – If you have the room, your kids can make money growing items for people who don’t have the space, time, or ability to do it.
  5. Buy into a kid franchise – If money isn’t a problem, then you and your child might want to buy into a franchise that caters to children. Franchises like Andy’s Parties, Fun Bus, and Young Chef’s Academy can all be good options. Just keep in mind that a franchise typically involves more of an investment up front, usually thousands of dollars.

 

Successful Young Entrepreneurs

 

If you need some inspiration to get started, here are three entrepreneurs you could learn from:

  1. Neha Gupta – She started a non-profit organization when she was just 9 years old.
  2. Remington Anne Smith – She started a cooking show to teach children how to prepare simple, healthy meals and snacks.
  3. Anshul Samar – He was just 12 when he founded a gaming company and created a card game teaching chemistry to children.

You can learn more about how to put these business ideas for kids into action by checking out the stories about these young entrepreneurs.

 




New! Comments

Have your say about what you just read! Leave me a comment in the box below.


 

Return from Business Ideas for Kids to Young Entrepreneurs

Return to Business Ideas Oasis