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Thursday, August 18, 2011

Show me the Money!! 5 steps by Kidpreneur founder

Five steps to success, by Business Guru and Club Kidpreneur founder, Creel Price.

1.  Play to your strengths - If you are a creative then consider something that uses these talents, like selling hand drawn cards.  If you are a good cook then make something that people love to eat.
2.  Do what you enjoy - Business can take a while to be successful and can take a lot of hard work.  If you start a business in something you like doing, then you will be more likely to follow through to the stage where you are making some money.
3.  Conduct research - Before you start your business, find out if people would buy your product and how much they would be willing to pay for it.  Look at what other similar companies offer and how you can make it cheaprer or faster.
4.  Ask for help - don't be afraid to ask for advice.  Test your ideas on your friends and family.
5.  Start Small - don't pay huge expenses until you have trialled whether people will buy your products or services, whether of not you can make money, and most importantly, whether you like doing it.

Buck-making ideas:
  • Make and sell greeting cards
  • Plant or tend a garden for your neighbours
  • Bake and sell cookies
  • Help with laundry
  • Consider pet sitting (and feeding!) or dog walking
  • Car washing
  • Footpath or verandah sweeping

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