Kids need to be kids and enjoy their time as children. But, as they get older, they also need to learn to make money and function in our society as responsible adults.
Getting a job at a Burger Joint is what they often do but even though they learn how to listen to a supervisor and work with others, it's likely that they would have to give up some extracurricular activities such as study and time with family. Not terrible things, but enough of a challenge that many families are helping their kids start their own businesses.
Why is that? Let's compare the lessons your kid is learning working at a burger joint verses starting a business.
Learning about Responsibility
1. Burger Joint. It's true that it teaches responsibility. You need to show up for work and do a good job or your boss and co-workers will get mad at you.
Entrepreneur. Here, you will also learn about responsibility. Working hard is a must otherwise you will not get paid.
Lessons in the Value of Money
1. Burger Joint. Time is money and that is what you will learn here.
2. Entrepreneur. You learn that creativity, ownership of responsibility and hard work is money.
Lessons in Marketing Yourself
At a Burger Joint. Teaches you how to fill out an application and go on an interview to market yourself. You do this once and then you're done.
As an Entrepreneur. If you want to make any money, then you will have to market yourself and your business on an ongoing basis.
Learning about Customer Service
Burger Joint. Your boss will reprimand you if you forget to smile.
As an Entrepreneur. Service with a smile otherwise your income drops and you don't get repeat business.
Lessons in Banking Skills
1. Burger Joint. Besides learning how to collect a paycheck, you will also learn how to deposit it into the bank.
As an Entrepreneur. Another thing you will learn is how to budget for advertising costs, taxes, and expenses and weigh them against your profits. You learn to deposit your income into the bank and write checks to cover expenses. In other words, you learn how business works.
It's obvious that both of these options have their benefits. As for which option you'll choose? This is a decision for both you and your child.
Getting a job at a Burger Joint is what they often do but even though they learn how to listen to a supervisor and work with others, it's likely that they would have to give up some extracurricular activities such as study and time with family. Not terrible things, but enough of a challenge that many families are helping their kids start their own businesses.
Why is that? Let's compare the lessons your kid is learning working at a burger joint verses starting a business.
Learning about Responsibility
1. Burger Joint. It's true that it teaches responsibility. You need to show up for work and do a good job or your boss and co-workers will get mad at you.
Entrepreneur. Here, you will also learn about responsibility. Working hard is a must otherwise you will not get paid.
Lessons in the Value of Money
1. Burger Joint. Time is money and that is what you will learn here.
2. Entrepreneur. You learn that creativity, ownership of responsibility and hard work is money.
Lessons in Marketing Yourself
At a Burger Joint. Teaches you how to fill out an application and go on an interview to market yourself. You do this once and then you're done.
As an Entrepreneur. If you want to make any money, then you will have to market yourself and your business on an ongoing basis.
Learning about Customer Service
Burger Joint. Your boss will reprimand you if you forget to smile.
As an Entrepreneur. Service with a smile otherwise your income drops and you don't get repeat business.
Lessons in Banking Skills
1. Burger Joint. Besides learning how to collect a paycheck, you will also learn how to deposit it into the bank.
As an Entrepreneur. Another thing you will learn is how to budget for advertising costs, taxes, and expenses and weigh them against your profits. You learn to deposit your income into the bank and write checks to cover expenses. In other words, you learn how business works.
It's obvious that both of these options have their benefits. As for which option you'll choose? This is a decision for both you and your child.
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