Business School

Business ideas for kids

Business ideas for kidsIs it a wise idea to encourage your kid to be an entrepreneur at a tender age? Have you ever thought of good business ideas for kids? A study conducted some few years ago tried to ask and answer questions on the success of business in later life. The study concluded that the age at which one starts a business plays an important role in having a successful business later in life.

The study also suggested that teaching your kids on financial habits at a tender age helps them to be successful when they become adults. This article will look on some few business ideas that kids can start to help them in saving and management of their businesses in their later lives;

Jewelry and crafting

If the kids have an inclined creativity, this is a good chance for them to make some jewelry and sell online. Platform such as Etsy reduces the struggles of making a website. The kid will only have to upload the products. Twenty cents is the only fee required to list the product on the website.

Paper routes

Did you know that Warren Buffet delivered newspapers before he started his own business? Well, he was just a kid when he was doing this job. For instance, in Carroll, the Daily Times is delivered by kids aged between nine and seventeen years.


In the current world, most kids are tech savvy more than their parents. Parents should consider registering small websites for their kids. It is cheap to pay for a web host and register a domain. The founder of whatever life website, Ashley Qualls, started the site at the age of 14. It was a personal portfolio where she uploaded graphics that she created. She even included some tutorials on how to make graphics for teens. She bought her first home using the profits made by the website. She was successful such that she turned down the offer to sell the website for $ 1.5 million.

Dog walking

Those people who are busy don’t have much time and need someone to keep their dogs healthy by walking them. This kind of a job kids can handle well. Dog walkers charge for a hourly rate for the services. The kids can also include pet washing and sitting. Kids can advertise their services online by use of a nice profile.

Although today the world is global village and it’s very easy to start and run a business but there are also hardest businesses to start and run in 2020.

Business School

Hardest businesses to start and run

Hardest businesses to start and runWhen it comes to starting a business, most entrepreneurs don’t want to conduct a thorough research on the business they are about to get into. They may have some little experience on the business or heard of someone who made a lot of money with the same business. Or maybe it sounded cool to have such a business.

Making a decision on which business to start goes along way and narrows down on how you will be spending your time. Businesses rewards are different depending on many aspects. Some businesses pay more for less time and others requires all your time and efforts. You also need to have in mind that some businesses have the likelihood of being successful than others. Here are some businesses which are hard to start and run;

Retail business

A retail business gets tougher each day. Why? The presence of discount stores such as Wal-Mart makes it hard for one to start and run the retail business. The superstores continue to intimidate small retailers in all kind of grounds. Not to mention the presence of internet which have given birth to sellers like Amazon who risk some losses intending to compensate them at some point in future. For you to run this kind of a business, you need a proper strategy that will convince the customer to choose your store over others.
Don’t be fooled by an affordable space to rent. When setting up a retail store, location is everything here. A good location means you will have to spend more on rent. Once you have a good location with a good traffic, then you are in the steps of being successful. The quality of your products need to more or equals your competitors but nothing lower than that. An appealing storefront and some advertising may work well too.

E commerce business

Think of an ecommerce site, or a retail business online, what s easier? Create a website and post your products and the prices and wait for the orders to come in, right. No, it does not work that way and you may end up counting losses. First, the biggest task here would get visitors to visit your site. Another nightmare would be making the most popular search engines to rank your site to appear in the first page. Also convincing your site visitors to be your customers is a formidable task.

You may not need thousands of dollars to start a business, here is a list of 25 businesses that you can start for less than 100 dollars.