Opening a business can be a little tricky. You need to be wise and courageous enough to face defeat. That is why teens are at the perfect age to open up their own business. At this age, they fear almost nothing. The only concern here is whether they surely know what they are doing or not.
As a parent, you have all the reasons to help your teen open up her own business. As much as possible, you don't want her to experience failure. You want her to be as successful as she can be. You don't have to be directly involved to the business to do this, though. You simply need to help your teen through starting a business.
Follow these tips to guide you through:
- Suggest her passion. People who follow their passions are most likely to succeed because they are more fueled to go on and find success. Help your teen realize that by encouraging her to enter a business that involves her passion. If she likes clothes, then she could sell clothes on eBay. If she likes jewelries, then she can make some and sell them on Etsy. There is always a place for your teen's passion in the business world.
- Teach your teen how to handle finances. One of the biggest challenges for teens is handling money. Most teens don't know the value of money because their parents financially support them. Most teens also have the tendency to unwisely spend the money they earned from job or business. It's best that you teach your teen how to properly handle money because business money is very different from her allowance. If you can't, then suggest your teen to find an experienced businessman to teach her all about finances.
- Encourage her to gain experience first. Working for someone into clothes business is different from having your own clothes business. Suggest to your teen to work in a company similar to a business that she plans to open. Working for a month or two in that business will help her have an idea of how the business runs in real world.
- Offer help. It may be tempting to hold your teen's hands just to make sure she won't fall. But as a parent, you know that letting your teen manage her own business will teach her more. Instead of worrying so much and getting yourself directly involved in her business, better tell and assure her that you are always there. You are always around in case she needs any help.
- Encourage her to learn more. Suggest that she should search more information about other teens' experiences opening their own business. Your teen will get a lot of essential information and helpful inspiration for starting up her own business.
Be there always-whether your teen will find success in business or not. She needs someone to share her success story with and someone to be with when trouble happens. Opening up a business can be really risky. Success can never be assured. But at least, you can assure your teen that you will always be there no matter what. And that is the most important help she can ever have when opening up her own business.