Tag: Kids

Kids can pitch business ideas to Warren Buffett #business #venture #ideas

#business ideas for kids

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Kids can pitch business ideas to Warren Buffett

Warren Buffett voices his own cartoon character for the Secret Millionaire’s Club. (Photo: The Hub)

Story Highlights

  • Contest lets winners pitch business ideas to billionaire Warren Buffett
  • Eligible ages are 7 through 16
  • Grand prize winners get $5,000

OMAHA, Neb. (AP) — An online contest is again offering a few young entrepreneurs the chance to present their business ideas to billionaire Warren Buffett.

Students age 7 through 16 can submit their ideas until Feb. 15. Four individuals and two teams will be flown to Omaha to present the ideas to Buffett in person next May.

Berkshire Hathaway’s chairman and CEO says he was impressed with the ideas last year’s finalists presented.

The single prize winner’s idea was Shine So Bright, a kit for creating light-up designs on clothing; the team winner’s idea was Deals on Wheels, a portable school store that could sell school supplies and healthy snacks.

The contest, which is sponsored by the Fairholme Foundation, is affiliated with the “Secret Millionaire’s Club” cartoon that teaches kids financial principles. Buffett voices the animated version of himself that offers advice in the cartoon.

Grand prize individual and team winners will each receive $5,000 after the ideas are judged. Details are available online at smckids.com .

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Young Entrepreneurs: 14 Small Business Ideas for Teens and Kids #online #business #degree

#business ideas for kids

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14 Fun Business Ideas for Kids and Teens to Encourage Entrepreneurship

Should you encourage your children to start a business? Are there good business ideas for teens and kids? With police routinely shutting down kids lemonade stands for being unlicensed businesses, you might wonder if they should just put their entrepreneurial urges on hold until they get older.

But there are good reasons to let young people make some money on their own, and to let them start early. Billionaire CEO of Berkshire Hathaway Warren Buffett says :

There was a study many years ago questioning how to predict business success later in life. The answer to the study wasthe age you started your first business impacted how successful you were later in life.Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are an adult. [emphasis added]

Buffett s own childhood was full of investments and businesses. At age 11, he bought his first stock. By the age of 14, he used $1,200 he earned from paper routes to purchase 40 acres of land, which he then leased out to farmers. In high school, he and a friend bought a used pinball machine for $25 and set it up in a barber shop. They later put machines in other locations and eventually sold the business.

Of course, your child doesn t have to be the next Warren Buffett to benefit from a small venture or two. Here are some of the best business ideas for kids.

1. Dog Walking

Busy people need help keeping their dogs fit, and this is a job most kids can handle and enjoy. Dog walkers charge either for a set fee or an hourly rate, and the kids can even expand their business to include dog washing and pet sitting .

Kids can approach neighbors to offer their services (you may want to tag along if they’re young) or advertise their business online. Care.comsays their dog walkers average almost $10 per hour, and it s free to open a basic account. Care.com’s policy for teens requires adult-supervised accounts (parents receive email notifications of all activity), and the kids have to be at least 14 to sign up.

2. Websites

Many kids are more Internet savvy than their parents, so it makes sense to consider online businesses, including various types of websites. It costs very little to register a domain name and buy web hosting, and by relying on easy advertising revenue (like Google AdSense), kids don t even have to sell anything.

For example, Forbes reports that Ashley Qualls started Whateverlife.com at age 14 as a personal portfolio with pictures and graphics she created. Later, she added tutorials on creating graphics and other content for teens. Before long she needed a dedicated server, and she added Google AdSense to the site to monetize the traffic.

Now, her website brings in as much as $70,000 a month, according to Fast Company. Qualls bought a $250,000 home with her profits while still a teenager, and turned down a $1.5 million offer for her business.

3. Paper Routes

Paper routes helped Warren Buffett get his start in business, and although most newspapers now rely on adults with cars for delivery, there are still a few places where kids deliver papers on foot or by bicycle. In Carroll, Iowa, for example, The Daily Times Herald still has 80% of its papers delivered by kids aged 9 to 17, according to NPR .

One of the best things about modern paper delivery is that the kids no longer have to knock on doors to collect for subscriptions that s all done by credit card billing.

4. Crafts and Jewelry

If your kids are creatively inclined, they can make crafts and jewelry to sell online. There s no need to set up a website for this. Platforms like Etsy provide a great way to keep it simple. Vendors pay 20 cents to list a product and then a commission of 3.5% on each sale. The policy for kids is that the Etsy Shop must be managed by a parent or legal guardian.

How much could your child earn on Etsy? By the time he was 11 years old, Mo Bridges had brought in more than $30,000 selling bow ties through his Etsy shop.

Other Businesses for Kids

Don t underestimate the potential for big success from small starts. Fraser Doherty started making and selling jam from home at age 14 and before long had over $1 million in annual sales. At age 10, Juliette Brindak drew pictures of Cool Girls, and, at age 16, used those characters to launch a social networking site called Miss O and Friends . The site is valued at $15 million today.

The types of businesses started by some kids might surprise you too. Who would have thought that BizChair.com. started by Sean Belnicks at age 14, would be selling $24 million in office chairs by the time its founder was 20? Or that 17-year-old Nick D’Aloisio would sell his news-aggregator app, called Summly, for $30 million?

Any kind of business activity teaches kids valuable lessons. As a child, Tyler Dikman had lemonade stands, mowed lawns and did magic shows. He parlayed that business experience into launching CoolTronics. a comprehensive computer sales and service solution, when he was just 15. The company went on to make millions of dollars.

What else can kids or teens do to make money? Here are a few more possibilities:

  1. Help companies with social media marketing
  2. Babysit
  3. Help seniors set up and use computers
  4. Wash cars
  5. Do garden maintenance
  6. Have garage sales
  7. Make greeting cards
  8. Recycle soda cans
  9. Tutor younger kids
  10. Shovel snow

Your Turn: Do you encourage your children s entrepreneurial plans? What good business ideas could you add to the list?

by Steve Gillman
Contributor for The Penny Hoarder

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Fun For Kids – What is the Stock Market? #home #based #business

#the stock market

#

What is the Stock Market?

The stock market is an everyday term we use to talk about a place where stocks and bonds are traded meaning bought and sold. For many people, that is the first thing that comes to mind for investing. The goal is to buy the stock, hold it for a time, and then sell the stock for more than you paid for it.

How long do you hang on to stock? Investors who hold stock for 15 years or more usually succeed in the market. Stocks are long-term investments. But there are no guarantees.

What are stocks?

Stocks are units of ownership in a company.

Companies sell stock to get money to

  • Research better ways to make things
  • Create new products
  • Improve the products they have
  • Hire more employees
  • Enlarge or modernize their buildings

So just as the federal government sells bonds to raise money, businesses raise money by selling stock.

How it works

When you buy stock, you become a shareholder. which means you now own a part of the company. If the company’s profits go up, you share in those profits. If the company’s profits fall, so does the price of your stock. If you sold your stock on a day when the price of that stock falls below the price you paid for it, you would lose money.

Stock prices can rise and fall

In the stock market, prices rise and fall every day. When you invest in the stock market, you are hoping that over the years, the stock will become much more valuable than the price you paid for it.

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Project Management Game online free, CEO simulation games for kids, students #grants #for #small #businesses

#online business games

#

Project Manager Simulation Game Game Corp

Rating. 8.3 / 10 – 6053 votes

Game Corp is a highly interactive, entertaining and quirky business management simulation game for older kids, high school and college students, and grownups who enjoy online games that involve business themes and thinking strategy. In Game Corp, you take control of your very own awesome computer game development company! Starting from scratch, you have to hire good workers, manage projects, create new flash games, and gradually build your business up from a small-time, mini-game development outfit into a highly successful global corporation in the online game industry! Hire the brightest technical minds to produce fun games, choose the most popular genres, utilize fab modern technology, and have excited gamers from around the world flocking to try out your latest titles! If your games prove a success, you can sit back and watch the (virtual) money roll in!

This interesting and challenging tycoon game is a good fun activity for practicing and testing out essential real-life business skills such as good money management, shrewd decision making and strategy planning, the ability to successfully motivate employees, and general project management skills. Your masterful multi-tasking skills are called into play as you react to fluctuating game market trends, and concentrate on a number of different projects at once. While some knowledge of online flash game genres is helpful, complete beginners and tycoon game newbies should also enjoy the fast-paced, mouse-clicking action! Can your company create sufficient enchanting games to be considered for the prestigious end of year Game Developer Awards? Happy team building and game developing!

How to Play: Your goal is simply to become a profitable company by creating, developing, and publishing online games from your very own offices. You play the role of the CEO and project manager all in one, and have to hire and organize your different team members, assign them to each game project, build working facilities, choose game genres, and more. At the beginning of the game, your helpful ‘assistant’ guides you through the basic controls of the game. We recommend that you pay close attention to your assistant’s instructions, as there are numerous different aspects that you need to get to grips with.

Use your computer mouse or touchpad to perform all of the controls. At the beginning of the game, you have an office space – but no employees. Click on the empty desks / workstations, then click on the ‘Hire Worker’ button that appears. Here, you can choose from a variety of different technical game writers. Next, it’s time to get them working on creating a new game. Click on the ‘Project Manager’ button in the bottom left corner of the game screen (the blue folder icon), and then click ‘New Project’. Next, you have to choose the genre of your game (adventure, racing, shooter, simulation, strategy etc). At the beginning of the game, you don’t have enough workers to produce all of the different genres, but that changes as you hire more staff. After that, you assign your team to the different production tasks (code writing, graphics, sound etc). Each worker can only perform 2 production tasks at a time. Finally, you choose the technology ‘tool’ used to make the game.

Once your team complete the production of the game (this takes time on the clock in the top left corner), click on the ‘Project Summary’ button in the bottom left corner, then click ‘Publish’. You receive virtual income from the publication and playing of your games. At the beginning. your games are of low quality, and therefore do not generate a lot of income. However, as you progress and hire more skilled workers, your revenues should increase. Later on, you can also market your games, and choose all different types of genres. At the end of each ‘Game Year’, an award ceremony takes place. If your company wins any of these awards, you earn huge bonuses which can be used to purchase new employees, tools, and workstations. Good luck!

Hello! If you’ve already told some friends in school or on social media about this game or Learn4Good Games, thank you so much! If you are going to tell your best friends, thank you in advance! You & your playing friends help to make this game site possible! We add new games almost every day, and look forward to bringing you more top games very soon. Some helpful links to share include Top 100 Games. Top New Games & Latest Games. Enjoy!

Game Corp players also like to play these games on Learn4Good:

2003-2016 Learn4Good Ltd: Fun Online Games for Kids





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Project Management Game online free, CEO simulation games for kids, students #starting #a #business

#online business games

#

Project Manager Simulation Game Game Corp

Rating. 8.3 / 10 – 6053 votes

Game Corp is a highly interactive, entertaining and quirky business management simulation game for older kids, high school and college students, and grownups who enjoy online games that involve business themes and thinking strategy. In Game Corp, you take control of your very own awesome computer game development company! Starting from scratch, you have to hire good workers, manage projects, create new flash games, and gradually build your business up from a small-time, mini-game development outfit into a highly successful global corporation in the online game industry! Hire the brightest technical minds to produce fun games, choose the most popular genres, utilize fab modern technology, and have excited gamers from around the world flocking to try out your latest titles! If your games prove a success, you can sit back and watch the (virtual) money roll in!

This interesting and challenging tycoon game is a good fun activity for practicing and testing out essential real-life business skills such as good money management, shrewd decision making and strategy planning, the ability to successfully motivate employees, and general project management skills. Your masterful multi-tasking skills are called into play as you react to fluctuating game market trends, and concentrate on a number of different projects at once. While some knowledge of online flash game genres is helpful, complete beginners and tycoon game newbies should also enjoy the fast-paced, mouse-clicking action! Can your company create sufficient enchanting games to be considered for the prestigious end of year Game Developer Awards? Happy team building and game developing!

How to Play: Your goal is simply to become a profitable company by creating, developing, and publishing online games from your very own offices. You play the role of the CEO and project manager all in one, and have to hire and organize your different team members, assign them to each game project, build working facilities, choose game genres, and more. At the beginning of the game, your helpful ‘assistant’ guides you through the basic controls of the game. We recommend that you pay close attention to your assistant’s instructions, as there are numerous different aspects that you need to get to grips with.

Use your computer mouse or touchpad to perform all of the controls. At the beginning of the game, you have an office space – but no employees. Click on the empty desks / workstations, then click on the ‘Hire Worker’ button that appears. Here, you can choose from a variety of different technical game writers. Next, it’s time to get them working on creating a new game. Click on the ‘Project Manager’ button in the bottom left corner of the game screen (the blue folder icon), and then click ‘New Project’. Next, you have to choose the genre of your game (adventure, racing, shooter, simulation, strategy etc). At the beginning of the game, you don’t have enough workers to produce all of the different genres, but that changes as you hire more staff. After that, you assign your team to the different production tasks (code writing, graphics, sound etc). Each worker can only perform 2 production tasks at a time. Finally, you choose the technology ‘tool’ used to make the game.

Once your team complete the production of the game (this takes time on the clock in the top left corner), click on the ‘Project Summary’ button in the bottom left corner, then click ‘Publish’. You receive virtual income from the publication and playing of your games. At the beginning. your games are of low quality, and therefore do not generate a lot of income. However, as you progress and hire more skilled workers, your revenues should increase. Later on, you can also market your games, and choose all different types of genres. At the end of each ‘Game Year’, an award ceremony takes place. If your company wins any of these awards, you earn huge bonuses which can be used to purchase new employees, tools, and workstations. Good luck!

Hello! If you’ve already told some friends in school or on social media about this game or Learn4Good Games, thank you so much! If you are going to tell your best friends, thank you in advance! You & your playing friends help to make this game site possible! We add new games almost every day, and look forward to bringing you more top games very soon. Some helpful links to share include Top 100 Games. Top New Games & Latest Games. Enjoy!

Game Corp players also like to play these games on Learn4Good:

2003-2016 Learn4Good Ltd: Fun Online Games for Kids





Tags : , , , , , , , , , ,

8 Businesses You Can Start with Your Kids #rcm #business

#business ideas for kids

#

8 Businesses You Can Start with Your Kids

It may be easy to underestimate someone who s not old enough to drive a car or vote, but many kids today have a strong work ethic and are willing to be creative to achieve success. The knowledge, passion and skills they ve acquired, both in school and through their daily interaction with technology, make them perfect candidates for entrepreneurship.

Starting a business has a host of benefits for a young mind. A child or teen can learn the importance of financial responsibility, how to build professional relationships and how to be independent. But depending on their age, they likely won t be able to get a business off the ground by themselves.

If you ve always wanted to start a business yourself, why not take the opportunity to encourage your young entrepreneur and launch a company together? Here are a few ideas for businesses you can start with your children. [See Related Story:9 Amazing (Very) Young Entrepreneurs]

Tutoring

If your teen excels in a specific subject or has exceptional grades, encourage him or her to assist those in need of help through tutoring services. Your child can get paid for his or her knowledge and time spent helping others learn a skill or subject matter. This type of business is scalable, and live videoconferencing and electronic payments can bring your child s skills online as well.

Social media consultant

Kids are absorbing tons of social media knowledge at a young age. They re becoming YouTube and Instagram stars with millions of followers for just being themselves. This could be invaluable knowledge for small businesses in your area. Encourage your child to apply his or her understanding of social platforms to consult for local shops and restaurants.

Landscaping

As long as houses come with lawns and outdoor maintenance, there will be a need for landscapers.The simplicity of the job, from mowing the lawn to trimming trees, means it can open doors to college degrees in the field, which can lead to jobs with theme parks or college campuses.

Babysitting or dog walking

Technology has brought traditional job choices for teens into the modern age. Sites like SitterCity. Care.com and Rover.com have made it easy for people to hire and pay child or pet sitters. Encourage your child to gain some experience by babysitting for family members or neighbors. After they ve gotten some experience, they can set up an online account to allow them to truly grow their business in an accessible way.

Etsy shop owner

Sites like Etsy have transformed the way crafters bring their talent to the world. They no longer have to rely on fairs and events to show off their creations; instead, they can sell their products online to customers around the world. If your child has a knack for crafting and creativity, Etsy may offer a great business opportunity. Etsy has a comprehensive guide on fees and owning your own business, along with guidelines for minors.

Cooking and baking

Bringing your child s passion for cooking or baking to the world can prove to be fruitful. There are competition shows on Food Network dedicated to the skills of young teens, as well as Shark Tank entrepreneurs who have used their baking skills to satiate the palates of people (and dogs!). Depending on your home state s regulations, it could be fairly simple for you and your child to start a home catering or bakery business.

Nonprofit organization

Your child s business doesn t necessarily need to check off the for-profit box. If you and your child are passionate about a social cause, starting a nonprofit charity may be a great start. There are hundreds of ways to raise money to profit those in need. Sit down and have a conversation about how to raise money for the cause. It is also a great opportunity to teach your child about the 501(c)(3) tax exemption and how it works.

Secondhand store

Public interest in upcycling and recycling clothing and other items has led to the success of stores such as ReStore and vintage clothing shops. Collect unwanted items from neighbors, friends and family members, restore items to better quality, and sell them for fair prices. It s a great way to be green and make some money from previously unwanted items.

Whatever new opportunity you and your child choose, this is a great time to teach the importance of work-life balance, responsibility and the importance of taxes. Encourage young entrepreneurs to try their best and seek success with their new business. Even if it doesn t turn out as planned, you can show them that adversity is a part of life, and that failure is an opportunity to retool an idea or open a door to a new opportunity.

Shannon Gausepohl graduated from Rowan University in 2012 with a degree in journalism. She has worked at a newspaper and in the public relations field, and is currently a staff writer at Business News Daily. Shannon is a zealous bookworm, has her blue belt in Brazilian jiu jitsu, and loves her Blue Heeler mix, Tucker.

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