Kids want to be kids and enjoy their time as children. But, at the same time, as they get older, they also want to learn to create money and function in our society as responsible adults.
Oftentimes, they get a job at a Burger Joint, where they learn how to listen to a boss, and how to work with others, but then they may also have to provide up some extracurricular activities, analyze time and time with family. Not terrible things, but enough of a challenge that many families are helping their kids begin their personal businesses.
Why? Let's study the lessons your kid is learning working at a burger joint verses starting a business.
1. Responsibility.
Burger Joint: Yes, it teaches responsibility. You want to show up for work and do a good job or your boss and co-workers will acquire mad at you.
Entrepreneur: Teaches you responsibility as well. You require to work hard or you won't get paid.
2. The Value of a Dollar
Burger Joint: You learn that time is money.
Entrepreneur: You learn that creativity, ownership of responsibility and hard work is money.
3. How to Market Yourself
Burger Joint: Teaches you how to fill out an application and go on an interview to market yourself. You do this once and then you're done.
Entrepreneur: You have to market yourself and your companies on an ongoing basis if you require to make any money.
4. Customer Service
Burger Joint: Service with a smile or your boss may reprimand you.
Entrepreneur: Service with a smile or you don't purchase repeat companies and your income drops.
5. Banking Skills
Burger Joint: You learn how to collect a paycheck and how to deposit it into the bank.
Entrepreneur: You learn how to budget for advertising costs, taxes, and expenses and weigh them against your benefits. You learn to deposit your income into the bank and type checks to cover expenses. You learn how business works.
As you can see, both options have profits. As for which option you'll choose? That's up to you and your child.
Author Resource:
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