Business Plans For Kids

Business Plans For Kids-61
If you find yourself raising an innovative child, encourage them to become entrepreneurs.

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Stuff like mowing the lawn, pulling weeds, cleaning inside houses, etc.

People hate doing these chores and already hire landscaping companies and cleaning companies to do this work for them.

Use the budget section of your plan to explain how much money you plan to spend on each activity required to meet your goals.

For instance, if you plan to use the Yellow Pages to advertise your center, calculate how much the ad costs annually and add it to your budget.

Filling your recreation center with fun-loving kids who love your facility’s games, events and activities makes a marketing plan a valuable tool.

You may want to use your plan as a standalone document to attract parents and children to your center, or add it to your overall business plan.Flipping candies allowed me to make to and that was a considerable amount of money for an 11-year-old.The best business I’ve seen actually run by a kid is mowing lawns.Next, examine your company’s strengths, weaknesses, opportunities and threats, also known as a SWOT analysis, to get the big picture about your center.For instance, a strength could be you staffs’ experience working with children.You may prefer to set a sales goal, such as “Increase sales by 15 percent during the next 12 months.” Successfully introducing and attracting customers to new recreational opportunities, such as updated games or announcing the availability of your facility for private children’s parties, is another potential goal.Explain how you plan to use digital and traditional promotional strategies to reach your goals.He was able to get five customers, which ended up being 0 per week and 0 per monthwhich is crazy for only working a few hours per week and being 12 years old.I’d recommend kids look for business ideas that handle the grunt work that adults hate.When explaining the threats and opportunities your company faces, look at current market trends.For instance, more young families with children moving into your area presents an opportunity, while a competing center may be a threat.

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