How a Kid Can Successfully Start a Business

Updated on February 23, 2018
A young entrepreneur selling lemonade at a very affordable price; finding the right price is the key to success.
A young entrepreneur selling lemonade at a very affordable price; finding the right price is the key to success. | Source

Earning Money As an 11-, 12-, 13- or 14-Year-Old

Under the age of 15, it is hard to find ways to earn money. You can't drive, are too young to be hired by a restaurant or business, and it's still risky to sell to strangers without a trusted adult around (and without new customers, a business cannot grow). However, a little bit of help from a parent or another trusted adult can make a world of difference!

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Have a knack for cooking? Begin your own sweets bakery, making cakes for everything from birthdays and anniversaries to graduations!
Have a knack for cooking? Begin your own sweets bakery, making cakes for everything from birthdays and anniversaries to graduations! | Source

What Do You Like to Do?

The very first thing is figuring out what you like to do that other people might pay you for. For example, you could:

  • Make and sell jewelry
  • Babysit or pet-sit
  • Edit photos or videos
  • Bake
  • Wash cars
  • Clean
  • Do yard work

That idea is the beginning of your own businesses!

The most important part of all of this is that you enjoy the activity. If you try one job out and don't like it after the first few gigs, think about it some more and choose something that might work better. Ask an adult to help you brainstorm activities that use your passions passions, talents, and strengths for your business!

Discuss the Basics With Parents

Once the type of business is decided, it is time for the big talk with the parents. Parents will have to take care of everything from taxes and paperwork to legal matters and bank accounts, so they must be involved and have some influence in the business. This is not to scare anyone off, as an unofficial business could still be operated. However, should it become highly successful and profitable, it will be necessary to make it official so that taxes can be paid as required. This is highly unlikely as most kids do not earn a livable income from the small odd jobs that they find, so it is not a huge concern for the most part.

Customers, Promotion, Scheduling, and Working

Once you've got your idea, these are the most important parts of beginning your own business!

When you knows what you will be doing, you have to let people know what service or good you are offering! This is called promotion. From telling people (either in person or through email or social media) to posting signs, get the word out that you are the person to go to for what you are selling. This will begin to pull in customers.

Once customers begin to flow in, you will have to learn how to properly schedule your customers so that you can work for them during their free time, after school, or on weekends. Ask your parents for help coming up with a system so you do not miss appointments. Home-schooled kids tend to have a bit more flexibility, so this is a wonderful opportunity for those students.

Once the customers are scheduled, you can begin to work! All kids should discuss this with their parents, as you may need assistance with promotion, communicating with customers, determining prices and rates, and transportation.

How to Determine Prices and Rates

It is important to remember that supply and demand is what determines how high of a price is on a service or product.

Supply means how much of your product or service is out there. For example, if you're mowing lawns, the supply for your service is how many other people are also offering to mow lawns where you are.

Demand means how many people want your product or service. Live in a neighborhood with a lot of rock gardens, or with very few yards? Not as many people need their lawns mowed, so the demand for your service would be lower than if you lived in a place where everyone has a lawn.

If there is a low supply and a high demand, you can charge more money. If there is a high supply and very little demand, you can't charge as much money—you might even need to sell something else. Your business choice should reflect this. A low rate helps beat out competition, but it could mean that you are working for too little as well. A price that is too high will deter customers. Compare your ideal rates to those of businesses and other service providers in your area. It should be slightly lower than the competition. This way, customers will see that they have the opportunity to get the service or product and save money!

Check out this vintage ad for a lemonade stand. These days, kids are a lot less likely to try to earn money from the world around them through different odd jobs. Our kids can change that and become the new age child entrepreneurs!
Check out this vintage ad for a lemonade stand. These days, kids are a lot less likely to try to earn money from the world around them through different odd jobs. Our kids can change that and become the new age child entrepreneurs! | Source

How to Promote a Child's Business

When you decide to start a business, your parent will likely be involved in a lot of the work. Ads must be created in all different forms and sizes, complete with text, photos, and more. A phone number, email address, Facebook page, and website should all be set up. This gives potential customers more methods of communication, making it easier for them to order the service or product.

Ads should be placed on online classifieds, in newspapers, at popular pedestrian corners, on store billboards, and more. Door-to-door advertising, and calling up friends and family are both options. Word-of-mouth is a very important form of advertising when it comes to the business of a kid, as it is more likely that the potential customers are safe.

And once you get someone to buy from you, keep in touch! They're more likely to buy again than someone who never has. Keep phone number lists, email sign-up programs, regularly updated Facebook pages, and more. By keeping in contact with past customers, they will not forget the business and will be much more likely to return for more in the future.

Keeping a very detailed schedule will help you learn not only responsibility and organization skills, but also time management and customer management. Vital skills as a young entrepreneur!
Keeping a very detailed schedule will help you learn not only responsibility and organization skills, but also time management and customer management. Vital skills as a young entrepreneur! | Source

Scheduling Customers for Services and Products

Once potential customers begin responding to ads, you or your parents can begin responding to the interested consumers and building schedules. Keeping a schedule of your clients and their needs allows you to keep your tasks neat and tidy, complete all projects on time, and keep all customers happy. You wouldn't want to forget about someone who wants to buy something from you—he or she likely won't come back!

A schedule is very important, because it is very bad if a customer is forgotten or enough time is not allocated for a particular job. You also do not want to be late for a job or appointment. Keeping everything organized, punctual, and satisfactory is very professional and keeps customers happy.

Working and Keeping Customers Happy!

After everything else, it's time to work! You can set up your business so that you are paid before or after services are performed or products are sent to the customer. Different business models require different payment structures. After the transaction is complete and the work is finished, you will be very happy to see that the customer is enthralled with your work; this is very rewarding!

In order to keep the customer happy, you need to offer fair prices and helpful services or products, stay true to your word, do all of the work as you have advertised, be on time with your job and delivery, be kind and appreciative to the customer, and thank them. This builds a worker's and a business's reputation through testimonial sites and word of mouth. Keep your customers happy and word will spread—bringing more business for you!

Never Give up

Once a business has been started, it will be easy for the business to flop over and fail. I cannot stress enough how important it is to continuously care for and believe in your business. If the owner is not wholeheartedly involved in the operation, it will not stand a chance. By keeping up with your businesses needs and nurturing it, the company will stand to see many more positive, profitable, and promising days. Never ever give up on your business; remember, the going will become rough at times, and it is up to you to triumph over the challenges!

Learn how a kid can successfully start their own business, and write their own financial future.
Learn how a kid can successfully start their own business, and write their own financial future. | Source

Comments

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    • profile image

      logan 

      2 days ago

      im a 12 year old and I want to start a lawn and garden service

    • profile image

      Ella 

      2 days ago

      I'm a 13-year-old who wants to start up a business, I don't know what exactly I'm good at but I really want to be independent

    • profile image

      Evelyn 

      2 days ago

      Chuchuwach

    • profile image

      Samara 

      2 days ago

      Hi, I am 11 year-old girl you is turning 12 in march, and I wanted to start my own company it has been a dream of mine for a very long time and I hope this dream will come true very soon

    • profile image

      Sammy 

      4 days ago

      Hi i am a ten year old gurl who wants to start a sussecfull bisinuss

    • profile image

      Melinda 

      4 days ago

      Hi I'm 13 turning 14 in March I would like to start like a clothing store for like teen and get all of the style

    • profile image

      Amaya 

      7 days ago

      Hey I'm 12 and id like to start a business with trendy things kids like now a days maybe like bracelets, scrunchies, stickers etc. I hope you get my drift and maybe you can help me.

    • profile image

      unknown 

      9 days ago

      hi I am 10 my younger brother is 6 and my older brother is 12 we want to start a good running business can you help

    • profile image

      Lizzy 

      10 days ago

      I am 13 and i want to start an errand business but am afraid of the qualifications and if people will trust me because am an african.

    • profile image

      Ari 

      2 weeks ago

      I want to make a tree serves called aaa tree serves because all the people helping names start with a hope you can help btw we are all 9

    • profile image

      jackey 

      2 weeks ago

      I am 12 i need help in my endangered Animals program can you all help

      me

    • profile image

      Tommy 

      2 weeks ago

      Im 13 and i havent done the best in school i'm worried that i wont be able to afford things in life cause of my education but starting my business would take care of that

    • profile image

      Nat 

      3 weeks ago

      Me and my best friend just started a mini donuts buisness and made about $112 in one day, we sold from 5 - 6. Making that much in one hour was a great step. Im sure if you guys need a starting point - SELL FOR 1 HOUR

    • profile image

      Olivia 

      4 weeks ago

      I am 13 and 6 months and would like to start something like make-up/soap/bath bombs or babysitting/pet sitting

    • profile image

      Layo 

      5 weeks ago

      I really want to start a business but got only #2000 with me . What do I do?

    • profile image

      Moosa 

      5 weeks ago

      I don’t have any ideas on what to do I was never really sure I really need some ideas

    • profile image

      Brooke 

      5 weeks ago

      Hi I would like to start a make up Business could someone please help me btw I am 9 years old

    • profile image

      zomahounlouis21@gmail.com 

      2 months ago

      It was very nice

    • profile image

      luciana 

      2 months ago

      I would love to open my own thrift store some day. Just owning my own business would be really cool but am 15 and am not really sure how to open one

    • profile image

      ella 

      2 months ago

      I am a good baker but I am nine years old and everybody tells me I am to young to start a business.

    • profile image

      Some guy on the internet 

      2 months ago

      Hi i just want to know how to start a bakery but I don't how to do it.

      Can you help me start it?

    • profile image

      John Smith 

      2 months ago

      Before starting your business start by reading the IRS's website to see all of the legal information.

    • profile image

      4 the Great I AM 

      3 months ago

      Check out Thiel Foundation is you are serious about starting a business.

    • profile image

      Braeden 

      3 months ago

      Hey 4 grader try to get some friends to help u make more braclets and set up a shop along a road or at school and sell them for a dollar

    • profile image

      Fitsum 

      3 months ago

      I am a 4th grader and I am very good at making bracelets, now my friends want me to open my own shop how do I do that without a parent???

    • profile image

      Zac 

      3 months ago

      I love to clean cars and my father has the perfect equipment.

    • profile image

      Em 

      3 months ago

      I would love to star a business but I would call it rainbow

    • profile image

      chris16 

      3 months ago

      Hi. I'm a teenager and I want to set up a car designing company. I have already designed many vehicles (specifically cars and buses) and much like Kaden, I do not know where to start from, even though I have a bunch of ideas in mind. All your ideas and help woud be valuable for me.

      Thanks

    • profile image

      divine 

      4 months ago

      im 13 and i love doing something like baking or making crafts for friends but my parents are pessimitic they just want me to keep on reading.should i continue with the plan? i need answers please

    • profile image

      adil 

      4 months ago

      Dear website.

      hello people, I am early entrepreneur with a successful jewelry business. I am curious if any children can open a successful business.

      BYE

    • profile image

      Kenzie 

      4 months ago

      I want to start my own baking Store and I have made many family and friend birthday cupcakes and cakes

    • profile image

      4 months ago

      I'm J and I'm starting a pin business already! I'm only 13

    • profile image

      Bonnie 

      4 months ago

      Hi, my name is Bonnie and I am 11 about to turn twelve. The other day I considered making a business selling scrunchies, bath bombs, lip Balm, hair accessories and soap. All my products will be homemade and I have just begun planning, looking at how I can make a successful business. I have many good ideas but now there is three things left- Making products, website and selling the items! I really hope I can do it and it would be great to have some support other than my mum, maybe someone I don’t know? Thank you for taking the time to read my comment, and if you are about to start a business, I wish you all the best on your journey.

      P.S, @Catherine, don’t doubt yourself like that. Follow your heart and do what you like. Stay positive and you can do anything,I assure you. I wish you all the best ❤️

    • profile image

      vincent the 2nd 

      5 months ago

      i want to do pet sitting if you need pet sitter comment to me

    • profile image

      Kaden 

      5 months ago

      Hi I’m kaden I am 13 about to be 14 I love reptiles and want to make a business I have tons of ideas but don’t know where to start

    • profile image

      Catherine 

      5 months ago

      Hi my name is Catherine and im 12 years old. I really want to make a candle/cosmetics store. I really love crafts and making things that involve that kind of stuff. My parents say im too young and i should wait to be successful. My biggest fear in life is dying without making other people happy. I think that with my business i can make other people happy. Sure ill be going up against yankee candle and others but i think i can do it. Lately ive just been really down and i just dont think that itll work. Its very expensive and everything i make i ruin it. This is my dream but now i just think maybe my parents are right and maybe i cant do it. Maybe i cant make anything right and maybe my fear will come true. I just hope that even if i do start up my business people will like me and i can have a successful start. I dont care about the money. I just want to make people happy.

    • profile image

      Vincent 

      5 months ago

      hewwo, im 13 and wanted my own business since 5, i have been committed to the YMCA leaders club and they have a program for us if yall need it

    • profile image

      Artie 

      5 months ago

      Hey I am a 12 year old, and I pursue zoology and things about animals. What and how do I start a business connected with this?

    • profile image

      Ruger 

      5 months ago

      Hi, I am Ruger a 13 year old that welds art. I have sold alot already and have had great profit. Any tips to improve?

    • profile image

      Coco 

      6 months ago

      Hi, i’m Chloe. I’m 12 years old andI really want to start a VERY successful fashion business. My parents don’t understand how much i want this and i don’t know how to start. Apparently i’m too young but i believe that anything’s possible. Please help. What do i do?

    • profile image

      Laya 

      6 months ago

      Hi i am almost 13 years old and i want to start a makeup buisness (i make my own makeup qnd people buy them) but i dont know how to start a business can someone please help me?

    • profile image

      Nehemiah 

      6 months ago

      Hoi I'm 11 and I want to start a video game business, am I old enough and do you got any tips?

    • profile image

      Ellis and Rhys 

      6 months ago

      Hey this is Ellis and Rhys, we are 10 yrs old we love to bake yummy and helthy desserts.We are looking for some help to proceed our buissness.If you have any ideas please let us know we are searching for some guidance. If you have any ideas PLEASE LET US KNOW !

      Thank You so much

    • profile image

      paige 

      6 months ago

      hi, i’m paige and i really want to start a business with my friend and i’m 11 and she’s 12 and we want to make money but we can’t find a website we don’t have to pay money for to sell and is it legal to buy items from stores and resell them because we want to start a aesthetic like store with trendy stuff but I don’t know if we are aloud to take stuff from other companies and resell them.

    • profile image

      Carter 

      6 months ago

      HI, im 13 and I would like to start a business to help the world, got any ideas?

    • profile image

      Daniel 

      6 months ago

      Hi my name is Daniel Mooney-seyfang, I am 12 years old and I have a unique idea for a chocolate bar. I would like to grow the idea into a contender in the mass market but with little money to invest in this idea I don’t know where to start could you help me?

    • profile image

      silva 

      6 months ago

      hi I'm 13 and started a baking company and let me tell you it is one of the best choices I have made. It's been 3 months and I am earning at least £300 per week.

    • profile image

      Nachiketh 

      6 months ago

      Hello guys, I'm from India and I wanna make a small business in which I sell clay articles and I'm 15 years old. Would it be legal? I need money to buy an amplifier for my electric guitar, and some other stuff which i require.Can anyone help me?

    • profile image

      My Name Is a mystery 

      6 months ago

      I'm 11 years old and I love designing websites. I really want to make a job out of it, but I don't think I'm old enough to earn money off of it. Also, I have no idea where or how I would advertise the business. Can anyone help?

    • profile image

      Zoella 

      6 months ago

      Hey! Im 13 and I've started my very own business! Anyone at any age can start a business! Just be creative!1

    • profile image

      Nontokozo 

      6 months ago

      Im 15yers.I want to start different businesses while studying

      But i found it difficult to do it any help n also ideas of business

      I should start

    • profile image

      Mona 

      7 months ago

      I’ve always wanted to become an entrepreneur in the health industry, a dietitian and a personal trainer I’m trying to find ways for me to start things like that from the age of 14 but I’m not sure if it’s possible I want to surprise my parents and show them that I did it and I want to prove everyone wrong how can I do that are u able to help me ????

    • profile image

      alex 

      7 months ago

      can I make a business out off my drawing skilss?.I would like to sell art and im 10 years old :]

    • profile image

      A person 

      7 months ago

      I would also like to earn extra money for myself.

    • profile image

      Anna 

      7 months ago

      Hi im anna and im 14. Im starting a business because im trying to start early to save up for collage and a mission and also to help my parents out some. Thanks for this article! I already knew what I was going to do before but i think I needed to know a bit more about having a business at 14. I've done some classes at school for budgeting and running a business but I think they only expect me to use it as an adult. Thanks again! Wish me luck!

    • profile image

      Paige 

      7 months ago

      I’m Paige and i’m 13 but i want to start babysitting.Any help?

    • profile image

      mollie 

      7 months ago

      i want to start an online business but im 13 is tha to young ?

    • profile image

      Ariana 

      7 months ago

      hi my name is ariana i am 10 turning 11 in two months i want to start babysitting but i feel like i am too young.. any help please?

    • profile image

      abi 

      7 months ago

      Hey im a 10 year old almost 11 and i am wanting to start a babysitting business. But im not sure how.

    • profile image

      Batya 

      7 months ago

      I am 11 and a half years old and, I'm looking for how I can start a boutique.

    • profile image

      Damien 

      7 months ago

      I'm 14 and I'm looking to start a making and selling jewelry business how can that happen

    • profile image

      Erica 

      7 months ago

      Im 11 uears 9 old and i would like to start a babysitting buessiness

    • profile image

      sam 

      7 months ago

      Hey I want to start cloth shops how that happen

    • profile image

      Emona .G.Hamutenya 

      7 months ago

      I am very supriced to start this business

    • profile image

      Tabitha Dry 

      7 months ago

      I am 11 and I want to start a business I don’t live in a neighborhood and it's hard to make some extra money to buy a bird and to have some extra money I am home schooled so I have the time I want to clean houses I can help my mother or I can clean car/yards

    • profile image

      Trinity 

      7 months ago

      Hello

      I'm 13 almost 14 and I'm looking to start a babysitting business how can that happen?

    • profile image

      Madison orfanos 

      8 months ago

      Hi,

      I need help making a business for photography, baking, and ect..

      How can i do that i tried making a website but i cant find a good way to start please help

    • profile image

      Me 

      8 months ago

      Hello,

      I have a small business called wishes in a wink. I make cards but need tons of advertising to get any profit. Word of mouth advertising is the best. Help an entrepreneur out here?

      Thanks,

      A 10 year old pottergirl.

    • profile image

      LdShadowLady 

      8 months ago

      I’m definitely not 12-14 I’m 26 but I don’t need to tell u guys that.

    • profile image

      Noah Zebari 

      8 months ago

      Hello,I’m 11 and I’m looking to start a business

    • profile image

      Oof 

      8 months ago

      Oooooooooooooo

    • profile image

      still a little lost 

      8 months ago

      hi im 10 and i have a major passion for baking my parents are saying I'm so good that i should start a bakery next summer and i didn't really know where to start but this article helped a lot im still i tiny bit lost but not as muck as i was that you

      still a little lost

    • profile image

      Mele 

      8 months ago

      Hi I am Mele I am 12 I want to start a soap company called petal spa but I can’t think of anyway of making it different to all of the soap in the world can you help give me tips?? I would really appreciate it if you could!?!?!

    • profile image

      A 13-year-old girl 

      8 months ago

      Hello I am a 13 year old girl that wants to start a small online jewelry business! I do not want anything huge but something to make a few bucks off but I am still not aware of all the legal things that surrounds that idea.

    • profile image

      Justanotherhuman 

      8 months ago

      Greetings, I am a 14 year old and I am bored so i want to open up a random e commerce business and sell chinese products at a ridiculous price compared to their original. :3

    • profile image

      Sarah Amos 

      8 months ago

      Hi my name is Sarah.I want to open a bakery how do i go about it.

    • profile image

      Sports 

      8 months ago

      Hi i am 11 years old and i want to do mostly any of those things i already have one famiky that i babysit for and i want more and suggestions on how i can get more and to work them around my bussy schudule. Also i love crafts and taking pictures and i would love for that to also be a businuss as well but not sure how to start and what rates should be any ideas?

    • profile image

      Kerene 

      8 months ago

      i want to start a dog walking business but i am only 12 do you think it will work

    • profile image

      Pennny 

      8 months ago

      Hi my name is Penny,

      i would love to start a cake baking business. :) but i don't know how to start, i have told my parents. I do not know if i need any permits though?

    • profile image

      EastCoastLana 

      8 months ago

      Hi my name is Lana. I’m 11 and I would love to just sell art as a living, but I don’t know how to start. This article thought will definentally help my journey in becoming a artist

    • profile image

      Alex 

      9 months ago

      Im probably going to sell in wbay at age 10 you other kids should try it .

    • profile image

      Angel tangela hart 

      9 months ago

      Hey everyone i think this is a good why to start a business

    • profile image

      Pretty panda 

      9 months ago

      Hi, my name is Hannah and I would love to start a business and have a good reputation on others and so i love

    • profile image

      Averi 

      9 months ago

      Hi my name is Averi. My little brother, dad and me were in a flipped over in a truck. My dad was our source of money but he was the most injured so he was in the hospital..He lost a lot of money. so im trying to raise money.. I want to suprise them.. Thx

    • profile image

      Princess Fidel 

      9 months ago

      I'm 12 yearsold girl and I want to start a jewelry/accessory business so I could earn extra money so I can buy anything I want without my parents

    • profile image

      Katie 

      9 months ago

      I'm 14 and going to be in highschool next year and live in a small town where everything is ran by family businesses and I'm not from here. I want to make my dream about photography real. Any suggestions?

    • profile image

      Kirito 

      9 months ago

      I am selling airheads at school without a permit is that illegal

    • profile image

      Jarrett 

      9 months ago

      I’m a 13 year old boy and I need help to make my own business I want to make stuff and do yard work

      I need your help

    • profile image

      Afton 

      9 months ago

      I need to know legal information about starting a horse riding instruction course. Help?

    • profile image

      Alyssa 

      9 months ago

      Hi, I am 13 years old. I want to start a business which involves handling food, but I don't know what permits I need. My parents are helping me, but they don't know if I can handle it. I am in need of supportive friends, and family (because they don't understand what a life is).

    • profile image

      Joyis 

      10 months ago

      Hi I’m almost 13 years old. I want to work with animals a lot, and I really want to start up an animal rescue. If I can do that with help (Friends) I would do it, but I don’t have any money that could help me succeed. Do y’all have any tips that could help me and friends?

    • profile image

      Someone in dire need of supportive parents 

      10 months ago

      Hi wehavekids,

      I am 12 years old. I am very interested in making yarn bracelets. I was wondering whether it is allowed if I was to set up like a stall or something in Hornchurch or Romford or some place like that. Is there any law against it? Can I do it without telling my parents? They aren't very supportive of me. Also, approximately how many bracelets would I need to make?

      Thank you,

      Someone in dire need of supportive parents

    • profile image

      Charlee 

      10 months ago

      Salutations, I'm Charlee, I'm an 12 year old girl, who loves creating her own business. My friend and I are wanting to make 1-3 businesses, so we can make good profit. Our first business is a bakery. If it all goes well we might make more businesses. But we're stuck on the type of laws that could affect us and our bakery. We're hoping we could set up a station at a fair or a wonderland. How can we do that? Someone please help.

    • profile image

      Nebyu 

      10 months ago

      I want to dropship to get enough money for an actual big bussines

    • profile image

      kpop rules 

      10 months ago

      I just wanna make money to afford kpop albums

    • profile image

      Empress Nana yaa 

      10 months ago

      I want to make drinks and sell them but I don't know how to start

    • profile image

      Alien 

      10 months ago

      I want to start a business on gardening but I don't know how to start. Any advice?

    • profile image

      Puppy 

      10 months ago

      I am a 12 year old girl and i am wondering how to start a baby sitting business and get paid good money.

    • profile image

      Nevaeh 

      10 months ago

      Hi my name is Nevaeh I’m 12 years old me and my friend would like to start a baking business but have no idea where to start. We’re also concerned about laws that would get in the way of our business. We need some help.

      Thanks,

      Nevaeh

    • profile image

      Lillian 

      11 months ago

      I'm only 10, and I would like to know how to start my own business, successfully. Please give me more ideas and help.

    working

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