Financial Literacy is a must for children, and this does not start if the child is 18 years of age or is already entering college to start learning about earning. But this is a must if the child is at a young age.  It is important to teach young children the value of earning money from a young age since this skill starts as a habit and habit forming takes time.  This is why we have compiled these three brilliant small business ideas that your kids can start to think about. 

  1. Cold Beverages Seller. This is the local lemonade selling concept where children will prepare fruit juice or any cold beverage that they can easily prepare and sell. They can sell them per cup or glass or in a creative way they can.  This concept can have innovation as the juice can be replaced with canned juices, sodas or bottled beverages.  These are examples of beverages that children can easily sell and dispose. If these kids will be guided well by a concerned adult, selling can be a skill that can easily be embraced by kids at a young age.
  1. Candy/Chocolate Seller. Who does not like candies and most of all chocolates?  Selling these tasty and delicious candies can be one profitable business.  Children can start selling this in a stall outside their house or a space in a commercial area.  These children can start to apply their addition and subtraction knowledge to determine profits, margins and etc.  This is actually a fun and enjoyable thing to do for kids especially if they come in two’s or three’s to help each other start out.  Who knows, the charm of these kids will bring the business forward and not much marketing is needed.
  1. YouTuber, Vlogger, Actor, Model. You may find these thought bizarre or even impossible, but the truth is that there is a huge market for child actors. To give a proof, here is a report on the Disney Channel:

“The Disney Channel alone hires over 1200 actors every year, some of them without prior professional experience. There are roles for every “look” these days:  actors do not have to be blond and blue-eyed, and having glasses or braces are often just fine” .

Therefore, if you think your child has the knack for acting or modeling, then the world is actually waiting for him or her.  Since we are now in the digital world, starting is not anymore hard, the trick is at the palm of your hands.  They can start being a YouTuber or a vlogger and they can start to invite friends or family to watch and share and going viral is the way to go. If he or she is good, he or she can be an overnight sensation.  Remember, the world is much bigger in the digital space.

With the choices above, your children have a lot of opportunities to expand their knowledge and talents and convert this into an income generating activity which will help them instill the value of hard work, patience and perseverance.  Most of all they will become productive youngster making use of their time and molding them to become young entrepreneurs helping boost the economy.