Encouraging Business Skills in Your Young Entrepreneur

*this is the final post of a series showcasing NEW homeschooling helps my children have used this school year.  I received this product for free & was compensated for my time to review; all opinions are my own.

Earlier this school year I introduced you to our very own Pippi Longstocking – my 11-yr old daughter!

She takes no offense to identifying with Pippi, or Anne of Green Gables or even Jo March.  Basically any young lady who is daring, imaginative, bold and creative has her ears perked up and her heart tuned in.  I wouldn’t want her any other way!

Our girl is also a young entrepreneur through and through.

From at least 6 years old she dreamed and schemed up many (many!) ideas for making money.  As time went by, charts, lists and step-by-step plans for ME to help HER with the latest business were included (and often left on my nightstand).

My side of the family boasts a long list of small business owners, so I shouldn’t be too surprised. 🙂

Lessons for Kids Interested in Business

This year we were introduced to Entrepreneur Kids Academy, a program catering to new, young entrepreneur types like my girl.

Ones with a passion for creating, making, working and/or offering a service in the hopes of making some money!

I do think children should learn to offer their abilities and talents simply to serve other people, with no expectation of a monetary return.  This is important, helpful in building up their character, and just overall beneficial to the communities around us.

I’d encourage any parent to make this type of service a part of their child’s education!

Just as important to me is growing up with a strong work ethic, and helping children to understand the value of our work = our income.  So, we were intrigued to give Entrepreneur Kids Academy a try.

The Academy offers several helps for kids (and parents) to engage in learning more about business practices and skills:

  •  a downloadable handbook written to the student, this curriculum guide offers multiple chapters for training in business skills.

One important topic covered include understanding what exactly an entrepreneur does for others (not just for oneself) – this insight got my girl really excited!  By the way, it’s in chapter one.

Other topics include:

  • how to start your business
  • targeting your market
  • helping paying customers find you
  • marketing tips and helps
  • what to do with failure
  • money management & record keeping
  • and more…

Along with the handbook  comes weekly emails with tools and resources from the authors,

  • PLUS regular online study group sessions for all Academy enrollees to connect for brainstorming, answering questions, receiving feedback on business ideas, etc.  The author(s) are involved in these sessions.
  • PLUS a Facebook page (for kids 13+) to interact online; again, with the authors’ involvement.

The cost of the course goes beyond just a handbook, but includes personal, hands-on interaction with business owners and authors Mike and Natalie Hixson.

Just how is all this beneficial to you as a parent?

It’s like hiring a business mentor for your child!  Your whole family will be equipped with helpful and necessary skills.

What My Young Entrepreneur Has to Say

While we missed our study group session due to illness and she’s a bit young for the Facebook group, my girl did gobble up the handbook in two quick reads.

We’re rereading it again as there are many questions to reflect upon and to assist with making a solid business plan; she just couldn’t wait to read the entire thing!

Her thoughts:

“This is a helpful course!  I learned several new things about how to offer my skills to others – and what my skills even are.  The handbook is great if you want to offer a product to others.  I wish there was more about offering a service or selling a product online – sometimes you can reach more people this way.”

I have to agree – a bit about online marketing/selling for kids and parents desiring this direction could be included.

Overall?

I’d say it’s a helpful self-paced curriculum for children just beginning to learn about business setup and money management — sign up to receive emails and a FREE Kickstarter Guide to check it all out and get started!

Enter to WIN Entrepreneur Kids Academy’s Course

The Hixsons are offering ONE Domestic reader the full curriculum program (worth $97).  Enter to win below – giveaway ends Monday, March 24th at 11:59 p.m.  Winner will be notified via email on the 25th and has 48 hrs to respond before new winner is chosen.  Should you purchase the course and then win, EKA will refund your costs 100%.

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2 comments

What an informative post~
Our 14 year old has been making lip balms and salves and would love to sell them.
This will be a great starting point!
Thank you~

Love, Love, LOVE to hear stories of budding entrepreneurs!!! My company http://momanddaughtersinc.com delivers workshops for Moms and daughters interested in entrepreneurship. If she wants to tell the story about her successes and lessons learned in an upcoming blog post on the site, feel free to reach out. I’d love to share the story and continue to be an inspiration to other young women.