Helping Your Teen Start Their Own Business

Homeschooling has many advantages, especially when planning a high school curriculum. Meeting your state’s requirements, of course, is your first priority, but many people don’t realize how flexible those requirements are. I love the flexibility of gearing courses towards what my children are gifted in, not only because they enjoy it more (thus more cooperative), but we’ve stumbled on things they were interested in, too. Force feeding some subjects of course, can turn out good, too.

How many kids go kicking and screaming to their first music lesson only to discover music as a love of their life? My son resisted learning how to present speeches, only to discover he has a natural talent with giving speeches, and now enjoys it! I’m sure you have examples in your home. We never had any trouble encouraging our children to start a business, they liked making money. However, if it’s a “class” you offer as part of their school, you may discover they have a real knack for business.

No matter how you look at it, it’s a skill that will serve them for the rest of their lives. They will learn that at any point in their life, out of necessity or desire, that starting a business is very possible, and will know the basics that they need to consider before taking the plunge. A recent poll of high school students showed that 70% wanted to have their own business someday, but 90% of those had no idea how to start.

There are two common misconceptions about starting a small business. The first one being that starting a business is difficult, and the second is that it’s very simple. In a sense, both ideas are correct, it is relatively simple for anyone to start a business, but it’s difficult to make it work. This is why we believe entrepreneurship should be required in high school. Knowing exactly what it takes to start and successfully run a business helps anyone know that it’s very possible, yet have the tools necessary to make it work. The reason over one half of new businesses fail within 4 years is usually lack of good business techniques. It’s really not surprising that many new entrepreneurs go into business without knowing some of the most important business and financial basics.  Be sure your child goes into life fully equipped.

That’s why as a homeschool parent, the freedom to incorporate an entrepreneur class in your curriculum is one of the best tools you could give your teen! So, I’ve had several requests to start a series on teaching our teens how to start a business, and that’s what we are going to do! If you have anything in particular you want us to cover, email us!

till tomorrow…Debbie

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