How can my kid think of a business idea?
Last Updated: April 9, 2019
There are limitless business ideas for kids in the world. It’s important to have your kid think of an idea that energizes them to put forth their full energy every day. Do not discourage your kid from any idea that you might see as being impossible. Instead, let them naturally figure this out during the building process and learn how to pivot to something more attainable. It’s more powerful for a kid to learn entrepreneurship through experience than to be lectured by an adult.
Kid Entrepreneurship has developed the following guide for helping your kid think of a business idea. We focus on different areas for stimulating creativity. These areas include passions, life experiences, everyday problems, and talents. Below is the first part of this guide which focuses on your kid’s favorite activites.
How can my kid think of a business idea?
What are your kid’s favorite activities?
Whether it’s dancing, sports, chess, or video games, let your kid name off all the different activities they enjoy. All activities should be accepted. Don’t jump ahead and turn down an activity because you believe that it will not be successful.
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From the above activities, which one does your kid find the most enjoyable?
Try to have your kid only choose one activity. If they decide they want to change their mind in the future, they can always revert back to previous activity.
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How can my kid think of a business idea?
What are the top reasons your kid enjoys this activity?
Does your kid enjoy being with their friends during the activity? Do they excel in this activity because it feels natural? Does the activity make them feel energized if they were bored?
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From the above, have your kid choose their top enjoyment.
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What are the top things your kid dislikes about the activity?
Can you not start the activity unless you have a certain amount of people? Does the activity require batteries? Does the activity require you to wear uncomfortable clothing?
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From the above, have your kid choose their top dislike.
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How can my kid think of a business idea?
What are things that could increase that top enjoyment?
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What are things that can decrease that top dislike?
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How can my kid think of a business idea?
Can each increase be replicated for others? How?
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Can each decrease be replicated for others? How?
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How can my kid think of a business idea?
Can you charge money for this increase? How?
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Can you charge money for this decrease? How?
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How can my kid think of a business idea?
Final Business Idea
From the above business ideas, have your kid choose their favorite and summarize it below. What is the activity? What will they do to make this activity more enjoyable? How will they replicate this improvement? How will they charge money?
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