How to Start a Business as a Kid

I'm sure all kids want to buy things but since they're too young to have a job, they can't make any money to buy anything. This is why today I am going to be informing you on how you can start a business as a kid.

First of all, you must have your parents permission. It is important to do this just so they can make sure you stay safe running your own business, and you can also talk to them about how you can help.

Secondly, find out what you want your business to be about. The most important thing about your business is it has to be something you enjoy, because if you're running a business and you don't like what you're doing, you're not going to be putting your full effort into it, whereas if you enjoy the business you run, it is more likely you'll put more effort in, which might mean you'll make more money. Write down 5 of your hobbies on a piece of paper, now for each hobby brainstorm 10 business ideas. For each business idea work out if it's possible, how much it would cost, if it's profitable, how much time it will need and all the factors. Once you've cut it down to just a few business ideas work out which one will possibly make the most money or you will enjoy the most. Once you have your business idea it's time to get into it! Here is my example: https://docs.google.com/document/d/13lPfrqq0vAiEKQse87BC6oe_7qVCBoDfaHFuY1fowYE/edit?usp=sharing

The third step is to buy all your products. To make money you need to spend money, so work out how much everything will cost and come up with the total. If you have enough money yourself to buy the products then do that, but if you don't you could ask a family member for a loan. You can make a Google Slides presentation as to why you need that loan, but remember, if you get a loan you'll need to pay it back. If you can't get a loan and you have no money you could do some odd jobs around the house and neighborhood to earn some money. Or you could go back to your business ideas and work out what might not cost money and although it won't make too much, it will give you enough money you need to start your big business idea. Remember, the money getting invested you will have to make back before you make any profits. For example if it was a $50 investment, and you get paid $20 out of that business, you have only made -$30, you will need to make another $30 before you are even and can make any money out of that business. And sometimes there might be costs along the way. You'll have to take that out of your profits and earn that money back.

The fourth step is advertising. There are many ways to advertise, Facebook, Instagram, Online, Craft Stalls, On the Streets, In a Shop, Mailboxes, The Paper, Pamphlets and loads more! You just need to decide what fits your business the best.

Your Final Step is to get your business out there! Make sure everybody knows about it! Don't be disheartened if you don't get a lot or any business at first, it only takes one person to use your business and then they might recommend it to 10 other people which will cause a chain effect!

I hope you enjoyed this post and it inspires you to start your own business! I have two businesses that you can check out for inspiration, click the links below!
partyexpressoamaru.wixsite.com/parties
amaycrafts.wixsite.com/amaycrafts