There is no denying the fact that entrepreneurship is a very important and essential skill in this modern age, not just for adults but also for young minds.
As such, teaching kids business ideas at an early age guarantees that they develop and cultivate creativity, critical thinking, financial literacy, as well as a sense of responsibility that is vital to attain success as an entrepreneur.
Ideally, schools are the best places to begin nurturing these skills as long as age-appropriate business concepts are inculcated into their curriculum. To ensure that the right knowledge is passed, below are some of the best business ideas that can be taught to kids at school.
Best Business ideas That Can Be Taught to Kids at School
One good thing about this business is that it ensures that kids can learn key business concepts in a fun and accessible way. The kids will also understand how to efficiently manage inventory, price products, and serve customers.
Aside from that, it will also ensure they comprehend supply and demand, as well as how to adjust their prices based on sales and costs. It will work to teach them basic accounting, marketing, customer service, and pricing strategy.
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Handmade Crafts
Another good business idea is making and selling handmade crafts that include friendship bracelets, greeting cards, or art. Note that this particular business idea makes it possible for kids to explore their creative side while also comprehending the cost of materials, the value of their time, as well as possible ways to market a product to a wide array of audiences (friends, family, or even at school fairs). It will most definitely teach them creativity, product development, and sales strategy.
This is a good business idea, especially for kids who love animals. Note that pet sitting or dog walking could turn out to be a profitable and educational venture.
Aside from that, it will also ensure the kids develop a sense of responsibility since they have to learn how to manage their time and guarantee their pets’ well-being.
It is also a very exciting service-oriented business and will impact the kids with various knowledge that as well include the importance of maintaining customer satisfaction.
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Recycling Business
Numerous benefits come with this particular business idea, especially given the varying ways our day-to-day activities negatively impact our environment.
This is one business that encourages children to collect recyclable items such as bottles, cans, or paper and sell them to recycling centers.
Aside from teaching them the importance of sustainability, it also teaches them operational efficiency—collecting, sorting, and transporting the recyclables to market. They will also learn the numerous ways to calculate profits based on the weight and volume of materials collected.
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School Supply Store
This more or less entails setting up a mini school supply store. It is a practical way to teach kids about stocking items, how to price items appropriately, and how to guarantee there’s enough product to meet the needs of their fellow students.
Note that this business can be structured as a group project where roles such as manager, cashier, and stock clerk are assigned, ensuring that each child has a specific responsibility to learn from.
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Tutoring Younger Students
This will prove to be beneficial to all involved, even the school itself. It involves older students who excel in some subjects to consider starting a tutoring business to aid younger students or peers.
This will ensure they brush up their teaching and communication skills while reinforcing their knowledge. It is a good opportunity to teach the kids knowledge sharing, communication, and teaching skills.
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Greeting Cards and Stationery
The kids can also do good business by crafting personalized or handmade greeting cards and stationery. For artistic children, this is a good way to encourage them to think about what makes their product unique as well as the possible ways to market it for numerous occasions like birthdays, holidays, or school events. Aside from that, they also learn about costs, production time, and pricing strategies to ensure profitability.
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Baking or Snack Business
This involves starting a business that makes and sells homemade snacks or baked goods. In addition to being a rewarding experience, it will work to teach them very important lessons regarding food safety, budgeting for ingredients, as well as how to comprehend the preferences of customers.
In addition, it gives them much-needed practical insights into how health regulations impact food-based businesses. They will most definitely learn preparation, budgeting, and health regulations.
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Photography
It is also possible for kids with a passion for photography to turn their hobby and interest into a viable business by offering photo shoots for friends, family, or school events.
Keep in mind that aside from learning the technical aspects of photography, they will also get the opportunity to market their skills, coordinate bookings, and interact professionally with customers. They will indeed learn the importance of branding, digital skills, and customer interaction.
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Gardening and Plant Sales
This is one viable way to teach kids about nature while ensuring they comprehend the concept of a product lifecycle. Note that the kids can grow plants or vegetables and sell them in their community or school.
One good thing about this business is that it teaches patience, and environmental responsibility, in addition to the importance of nurturing something over time to see returns. This business activity will ensure the kids learn patience, sustainability, and long-term planning.
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Custom T-Shirt Design
This is one way to teach the kids how to leverage simple materials or online platforms to design and sell custom T-shirts. This business idea will also engage the creative side of children while ensuring they learn other vital business things like design trends, branding, and marketing.
Aside from that, they will also learn how to manage production costs in addition to coming up with their selling prices based on the popularity of their designs.
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School Newspaper or Blog
It is also possible to create a school newspaper or blog. This will ensure that they have the opportunity to develop and fine-tune their writing, reporting, and editorial skills.
Aside from that, it provides them with a platform to learn about advertising revenue, where they can offer ad spaces to local businesses or even their peers’ businesses.
Keep in mind that managing a school newspaper or blog will also ensure kids learn about deadlines, content creation, and audience engagement. It is an option to consider since the kids will learn about skills, journalism, and advertising.