“I started the site when I was nineteen. I didn’t know much about business back then.”
founder, chairman, and CEO of Facebook
If you have kids, get them started on being entrepreneurs.
The old cliché—the lemonade stand—is a good place to start.
Your kids have to figure out how much lemons cost. How much sugar costs. They have to put in their own sweat equity, that is, work. They have to figure out how much to charge for their product so they will have a profit in the end. Also, where do they sell the lemonade to get in front of as many people as possible, and at what time?
Turn your kids’ hobbies into an entrepreneurial project.
I bought and sold comic books, and made a few thousand dollars. That amount ...