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

      Richmond 

      6 hours ago

      Thanks 4 d.advice,i majored in editing videos,now make more than 200dollars per week

    • profile image

      Marcus Phoenix 

      24 hours ago

      I’m 11 years old and I want to start a business but yet I don’t know how

    • profile image

      Charlotte 

      27 hours ago

      I am 11 years old. I have a passion for make up and jewellery and I really want to start a business. The only thing is I don’t know how

    • profile image

      Emily 

      31 hours ago

      I love creating and editing videos but don't know how to start a business. It feels weird to charge people. I want to donate the money I earn as well to help our NHS heroes during this pandemic and help fight cancer.

    • profile image

      hadassah 

      44 hours ago

      hi i'm only 13 but i have a passion for cooking and creating new foods its hard for me to get out of my shell when it comes to cooking for people because i always think i wont be good enough or what if the hate it, once it comes to the idea of starting a buisness i get really excited because its always been a dream of mine but when its reality i get anxious and start having self esteem issues and end up deleting the idea even before ive started it all my friends,siblings and parents are onboard but i realised it has to start with me, i wanna become the best chef as i keep growing but for me to be able to get there i have to start somewhere so please help me i'm lost but sort of found

    • profile image

      hadassah 

      44 hours ago

      hi i love cooking and creating new foods but i dont know how to promote or start a buisness espesially during this pandemic i dont know if i have the self esteem for it

    • profile image

      Kaylee 

      2 days ago

      Hi I love editing video’s and photos but I’m not sure how to promote around a small neighbourhood

    • profile image

      Chloe 

      3 days ago

      I like baking and editing but I'm not sure which business to start I'm only 12.

    • profile image

      Farieha 

      4 days ago

      Hi i’m 12 and im addicted to picture editing, can you please help me how to make money and starting a business by edit???

    • profile image

      dekiyah 

      5 days ago

      i will like to do nails

    • profile image

      Not saying my name  

      5 days ago

      Hi I’m 11 and I want baby sit

    • profile image

      Andreis 

      6 days ago

      Hi I'm a fan of baking so I would like to start a baking business what should I do.

    • profile image

      Anonymous 

      7 days ago

      Hi! I want to create a beauty product line and interior design firm but how do I do this? I need help. Thank you for your advice tho.

    • profile image

      Ania 

      8 days ago

      I'm trying to start a business in front of my apartment because we like to buy stuff and we are bored all the time. I'm only 10 so what should I do.

    • profile image

      Frosh 

      8 days ago

      How can I get money through a business

    • profile image

      Anonymous 

      8 days ago

      Hi im 13 and I want to start tutoring from home. Is it legal and possible? If so, then how can I do it? Tyxx

    • profile image

      Danika 

      9 days ago

      Hi, I am 12 years and want to start a business and I was thinking about doing a dog wash. Do you have any suggestions for me

    • profile image

      Sierra 

      10 days ago

      Me and my frine dare going to start a buisness. we are 11 and we have been talking about it since we were 7.

    • profile image

      Abygail 

      12 days ago

      To my question just wanna know of its possible!?

      This to the comment about a (architectural firm).

    • profile image

      Abygail 

      12 days ago

      Hi I was just wondering how I could make my own (Architectural firm) +being successful in less than 15 years or just 16y, and retiring @the age of 55 or 60.!?

      Really curious to know.(:

    • profile image

      Blossom 

      12 days ago

      I need to make money but I just can't have a good business idea! Do you guys have any suggestion!?

    • profile image

      Moon 

      2 weeks ago

      i need to know what i need to babysit

    • profile image

      Tay 

      3 weeks ago

      I just really want to follow though with my business I’m 10yo so it might be hard... any suggestions?

    • profile image

      maysie 

      3 weeks ago

      Hi, I'm trying to start a cosmetics business but I'm 12, I know what I'm doing, I just feel like people won't take me seriously, I'm working hard and ordering sanitizing equipment but I feel like people will always find something wrong. Is there anything I can do?

    • profile image

      Harry Greer 

      3 weeks ago

      I need help starting a cookie business but I don’t know how

    • profile image

      Quake 

      3 weeks ago

      Hi Inuka a great free editing software is davinci resolve-it can edit in 4K so u can go on fiver make a fiver editing gig once you have learnt to use it and make money

    • profile image

      taylor 

      3 weeks ago

      I need help starting a animal business to help save and foster and rescue animals

    • profile image

      Natalie 

      3 weeks ago

      i was thinking of starting a business for a while i am 11 and i don´t know how this works if i could get help starting that would be great

      sincerely,Natalie

    • profile image

      Iona! 

      3 weeks ago

      Hello me and my friend are 11 years old and we would like to make a business we have wanted this for ages and now were older its starting to get in our minds a bit more so if you could give us any ideas please get back to me thank you

      Iona and Elowen xxx

    • profile image

      colten stone 

      4 weeks ago

      hi I am trying to start a baking and lemonade stand and I do not know what to do or where to start and I want to do this with my friend and we are 13 so if you could get back to ma that would be awesome so can you plans

    • profile image

      Nick 

      4 weeks ago

      Hey Delia!

      I do have an answer for you! So the reason this works is that you can claim your home to be your business start up location. There is no license to sell from your house or online. However, if you want your product to be sold in stores you NEED to have licensing. Normal you go and fill out paper work and select the type of business class you will run as. These government licensing prices can range from a few dollars to around a thousand depending on type of business you are creating. I would assume you based on your comment you want to make a shared proprietorship, class b (If I am correct, I recently took a business law class, don't take all of these as facts, I am doing my best to my knowledge to solve your answers.)

    • profile image

      Delia 

      4 weeks ago

      me and my jade want to start a tie dye business and we are not sure how to do so with all paper work and taxes that my mom said will come but I have seen other people sell things online without a license and I am not sure how to do it and they are young probably 13 like us

      so pls if you have the answers to my question let me know

    • profile image

      Teyoni 

      5 weeks ago

      hey im teyoni and i like this stuff

    • profile image

      leyonce 

      6 weeks ago

      hi my name is leyonce and im trying to start to sell lip gloss and bracelets and lashes and im 12 how can i do that

    • profile image

      Lainy 

      6 weeks ago

      Um so i want to start a business wih my frinnd Mayberry and i dont know how to and i dont want to swell limonaid

    • profile image

      Inuka 

      6 weeks ago

      hey i am inuka. I can edit videos like pro.I want make my own studio

      but i doenn't have money but i have internet and computer.

    • profile image

      fahad 

      6 weeks ago

      Hi I'm 19 and I'm still looking for my business

    • profile image

      Ava 

      6 weeks ago

      Hi, I’m 17 years old. With the pandemic going on and my anxiety, it’s unlikely for me to find a job. I’ve applied over and over, but I just don’t have the experience they need to be considered. I get it but it still hurts a bit. My mom is very understanding about my anxiety and is fine if I don’t get one soon, but I want to get experience and save up money because in about a year and a half I’ll be starting college.

      So I’m hoping to start a business online. I’m trying to think of what I could do. I’m not particularly good at most things, I’ll be honest. My hobbies is art (rarely), video games and volunteering. I also play Dragons and Dungeons as of a few months ago. But that’s about it...

    • profile image

      Avery Crow 

      7 weeks ago

      I want to start an art business, however I doubt that people in my area are likely to want to buy art from a 12 year old, even though my work has been described as professional and compared to adult artists' work.

    • profile image

      Joseph cooper 

      7 weeks ago

      In my town I’m famished for my baking skills but I would like to do a by a bake good give a bake good to the less fortunate

    • profile image

      Mia 

      7 weeks ago

      Hi I am 10 turning 11 and I want to make a business called hidden treasures and I have no idea on how to start it would mean the world to me if someone could help me start off

    • profile image

      Ivy 

      7 weeks ago

      Hey I’m ivy and I’m 12.I would love to start a clothing line and a trainers company

    • profile image

      website designer/ Graphic Artist 

      7 weeks ago

      Hi grace, The red cross will accept you after this pandemic is over. There is a babysitting class. Here is the link https://www.redcross.org/take-a-class/babysitting-...

    • profile image

      Zoe 

      7 weeks ago

      hi my name is Zoe and i´m trying to open my own baking business i´m 11 years old i´m not how to start it

    • profile image

      Selahya 

      7 weeks ago

      trying to start

    • profile image

      Emily 

      7 weeks ago

      I want to start a baking business im 13 years old and how do i get things delivered to people

    • profile image

      Andrea Mauricio 

      7 weeks ago

      Hi I’m Andrea 11yr old I wanna start making a clothing and jewelry business but I’m gonna need help I like making a lot of upgrades on some clothes and I think I can make my own brand but I just need help,time and inspiration of what the brand it’s gonna be about

    • profile image

      notyourbusiness(pun intended) 

      7 weeks ago

      im 11 in march and i wanna start making homeade products ideas?

    • profile image

      jacob wood 

      7 weeks ago

      i have a business and i do yard work and petsit. any ideas?

    • profile image

      Random kid 

      8 weeks ago

      I really want to make a business of makeup or accessories. Any ideas?

    • profile image

      Ruby 

      8 weeks ago

      I want to start a business around the theme of crafts any ideas ?

    • profile image

      Amy 

      8 weeks ago

      i want to make a business called Six Biz

    • profile image

      Savi 

      2 months ago

      Hi, I want to start a clothing line in Australia. I am 13 years old. Any ideas/help?

    • profile image

      Lucy 

      2 months ago

      Hi! I'm Lucy, I will be turning 13 in 4 days, and as a start to my teenage life, I want to start a business. The problem is, I don't know what I want to sell. I could really use some ideas! :)

    • profile image

      Lucy 

      2 months ago

      hi im Lucy, 12 yrs old and looking to start a sewing business selling homemade skirts tops bags etc. i want to make a website and stuff but don't know the best way i can sell things to people or how to manage that when i have school most of the time and now that we're in quarantine i don't know if anyone would want to buy stuff bc they might think 'ew its infected' so i'm at a loss on how i can make this work

      pls help

    • profile image

      Dylan 

      2 months ago

      Hi im Dylan and I'm 12. My Hobby is programming and making 3D games but I don't know how to join an Indie Game Team

    • profile image

      A random kid 

      2 months ago

      I’m 13 and am moving internationally. I want to make money to visit my friends

    • profile image

      Charlie 

      2 months ago

      Hi I’m Charlie and I want to start a game company so than I can pay for stuff to help my mom get better I’m 11

    • profile image

      Gizelle Clayton 

      2 months ago

      I an trying to open a clothes line but i donot start

    • profile image

      Lucy Finlayson 

      2 months ago

      Hey, I’m Lucy, 12 years old, was hoping on running an online bakery. Shipping to UK only though as otherwise cakes will go off if it takes too long to ship out. Any tips?

    • profile image

      Hi 

      2 months ago

      I think i want to make a business of selling plaited hair slides

    • profile image

      noneofurbisuness 

      2 months ago

      hi! im trying to make my business by selling shoes, hype wear etc..

      so good luck with your businnesses!

    • profile image

      unknown 

      2 months ago

      I’m 12 and I want to start a Inde Game company.

    • profile image

      Cecilia Marlese Winter 

      2 months ago

      hi im 1234567890 yers old

    • profile image

      Violet 

      2 months ago

      Hi I’m Violet and I and a babysitter and I also make crafts and I make about 50-200 dollars a week so I know others can too if they try!

    • profile image

      Roshan 

      2 months ago

      How start the online business.????

      And design logo get money easily or not?? Think great but wehavenot money for this work?

    • profile image

      Isabella 

      2 months ago

      I am 8 and I am gonna run a milk tea stand. As I read I started making adds!!! Thank you for your persistence advice!!!!

    • profile image

      Grace 

      2 months ago

      Hi I really want to start a babysitting business but I'm 12 and I can't find any courses that will accept me. I thought I was the only one, I am so happy there are other people like me! Does anyone know any good online babysitting courses that except 12 year olds?

    • profile image

      iyana 

      2 months ago

      hi im iyana i am 13 years old and i want to start my own hairwax and lipgloss buisness

    • profile image

      Lehlogonolo 

      2 months ago

      Hi a Lehlogonolo i want to be an independent gitl i want to start my own business as a seller

    • profile image

      Sophia 

      2 months ago

      Hi I’m Sophia I am 10 and an independent baker I would love to start my own bakery so I’ll start small outside my house

    • profile image

      RICHBOI80 

      2 months ago

      I WANT BISSS

    • profile image

      william 

      3 months ago

      i want to start a buisness i can be independate in and it to be outdoors

    • profile image

      julia 

      3 months ago

      hey i am trying to open a bakery

    • profile image

      Samantha 

      3 months ago

      im 12 years old i want to start my own business

    • profile image

      logan 

      3 months ago

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

    • profile image

      Ella 

      3 months 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 

      3 months ago

      Chuchuwach

    • profile image

      Samara 

      3 months 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 

      3 months ago

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

    • profile image

      Melinda 

      3 months 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 

      3 months 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 

      3 months 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 

      3 months 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 

      3 months 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 

      3 months ago

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

      me

    • profile image

      Tommy 

      3 months 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 months 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 months 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 

      4 months ago

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

    • profile image

      Moosa 

      4 months ago

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

    • profile image

      Brooke 

      4 months 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 

      5 months ago

      It was very nice

    • profile image

      luciana 

      5 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 

      5 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 

      5 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 

      5 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 

      6 months ago

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

    • profile image

      Braeden 

      6 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 

      6 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???

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    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
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    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
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    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
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