What Kids Can Learn from Being Entrepreneurs

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From Bplans.com

You think an allowance will help kids learn about how to manage their money? Try being a business owner.

Understanding both personal and professional finances is one of the most important life lessons to learn—the earlier the better. By having a good grasp on spending, saving, budgets, and margins, you show you’re knowledgeable and responsible with money.

Nothing’s cuter than a tween (with the assistance of her father) handing you a contract and telling you that she will clean and service a machine every month if you give her rent-free space to place it.

Truly understanding what you’re selling displays confidence and credibility, as does truly believing in it. Comprehending the ins and outs of your product and business shines through when speaking with customers and clients.

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