How to Start Your Own Business: A Fun Guide to Earning, Spending, and Saving!
Hey there, future boss!
Have you ever thought, “What if I could make money doing something I love?” Well, you can! Starting a small business as a teen is a super fun way to learn about money, responsibility, and turning your creativity into cash. Let’s break down the basics so you can get started—with some fun activities along the way!
Step 1: What’s a Business, Anyway?
A business is when you offer something—like a product or a service—that people want or need, and they pay you for it.
Examples:
- Selling friendship bracelets
- Mowing lawns
- Baking and selling cookies
- Designing custom phone wallpapers
Step 2: What Is Earning Money?
Earning money means you do something (like sell lemonade or babysit) and someone pays you. That money is called income.
Activity: My First Business Idea
- Write down three things you enjoy doing.
- Think of a way to turn one of them into something people would pay for.
- Example: If you like drawing → custom name art for your friends!
Step 3: Expenses—What You Have to Pay For
Before you make money, you might need to spend money. This is called an expense.
Examples of expenses:
- Buying lemonade mix for your stand
- Buying beads for bracelets
- Making flyers or posters for advertising
Activity: What Will I Need?
Make a checklist of all the supplies you’ll need to start. Write how much each item might cost. Use online stores or ask an adult for help!
Step 4: Saving for the Future
When you earn money, don’t spend it all at once! Put some in a savings jar or bank account. Saving helps you reach goals (like buying a bike 🚲 or saving for college).
The 50/30/20 Rule (Kid Version):
- 50% for fun stuff
- 30% for supplies or business needs
- 20% into savings
Activity: Design Your Own Savings Tracker
Make a colorful chart or use a notebook to track your earnings and savings goals. Reward yourself with a gold star every time you save!
Step 5: Telling People About Your Business
This is called marketing. It’s how people find out what you offer!
Ways to spread the word:
- Make posters or flyers
- Tell your friends and family
- Ask your grown-ups to share on social media
Activity: Make a Mini Poster
Draw or design a fun flyer that explains your business. Include:
- What you’re selling
- How much it costs
- How people can contact you
Final Tips for Future Entrepreneurs
- Start small and grow at your own pace
- Ask for help when you need it—parents, teachers, or friends
- Stay kind and honest—people love working with trustworthy businesses!
Ready, Set, Start!
You’ve got the tools, ideas, and energy to build something amazing. So get out there and be the boss of your own business adventure!
P.S. Share your business idea with a friend or adult and ask them to be your first customer!
