10 Tips for Parents of (Pre) Teen Entrepreneurs

For young entrepreneurs, not just homework or hormones, and friends, or fashion. For these exceptional young people, is all this - in addition to finding funding, develop business and ensure their future at an early age.

It is important that their parents understand and appreciate their struggles and offer them support every step of the process. These 10 tips are a great way to help young entrepreneurs start a path to success.

1. Start early.

Exploring interests at an early age, which encourages children to take an active pursuit of their passion - and perhaps eventually turns into profits. Visit museums or parks, check out books from the library - everything to help nurture their genius.

2. Try different things.

"If at first you do not succeed ..." It 'a good quote for a reason. Help potential profiteers learn this for themselves by encouraging learning by trial and error. I keep looking for the plans and products to find what excites them in entrepreneurship.

3. Discuss values.

Give them the tools they need to make important decisions to discuss the ethics and the importance of fair play and to be honest - on the field, in life and in business.

4. Making a business plan.

A business plan should not be long - a page of the plan should work for most of the efforts. By answering the following questions, the students will be able to clearly define their products, customers and benefits:

What activities am I?
Who are my customers?
How will my customers know me?
How am I different?

5. Ask questions.

Apply the need to think about all that until the beginning of asking questions - even though it may be difficult for young people to respond. And remember: Be sure to come across as a partner, not as a hack! During this phase, you should discuss materials, inventory, financing and budgeting.

6. Use the Internet.

From research to retail advertising, the Internet is an important tool for fledgling companies. Many teenagers have a significant advantage here, as are better online than all generations before them. Always remember to monitor the use of the site and posts on the message board!

7. Serve others.

It 's important that children have a plan that includes returning to the world. The company offers a product or service that would benefit the less fortunate? If so, the work or product could be given away for free or at cost. Otherwise, discuss putting aside some of the profits for a reliable organization that helps people in need.

8. Film a commercial.

This step is fun, and trust that the children be on the screen is amazing. Brainstorm ideas - from stupid grave - to write a screenplay and get help from friends and relatives to complete the cast.

9. Develop a marketing plan.

Even the young entrepreneur should be actively involved in sales the first day. Ask them to develop a plan - and encourage them to think big ("no" should not be a part of this step!). Lead them to discuss promotional opportunities or partnerships; shops or community leaders who allow advertising / product placement, advertising and more.

10. Define a style.

All children are the leaders: They just have different styles and a unique selling point. Help fine-tune the style by building a platform of leadership based on strengths and weaknesses.

These 10 tips are a great way to kick off what will hopefully be a long and successful business effort. But remember: Just as every child is unique, so each company and each floor. There are no rules - other than for fun, work hard and continue to learn and grow along the way. Good luck!