Comments on: Encouraging your budding entrepreneur – Part One: Benefits

By: Matt

Matt — Thu, 19 Jun 2008 14:22:09 +0000

Aside from the sense of how finances work there’s a certain amount of responsibility that comes with owning your own business (especially when its service oriented). You get to learn what the real world values and that you are responsible for what you say you’re going to do.

Another thing that JLPs son might learn is the value of good customer service and the power of a referral.

By: Cathy

Cathy — Wed, 18 Jun 2008 03:56:16 +0000

@Luke – Stay tuned. I’m about to post some discussion points.

@Luis – Excellent point, I’m adding that to Part Two right now. Thanks!

By: Luis

Luis — Tue, 17 Jun 2008 23:36:05 +0000

I would add allowing for their first “failed business”. Most entrepreneur’s fail more than once and having this experience under their belt before they return 18 would teach them very value lesons while the stakes remain low.

By: Luke @ Money & Fitness Blog

Luke @ Money & Fitness Blog — Tue, 17 Jun 2008 16:03:05 +0000

First off, let me state that I wish I had someone encouraging to be an entrepreneur. I hope to do some of the steps you mentioned above when I have kids and they get old enough.

I think the biggest benefit that a teen can gain is a real sense of finances and how much things cost. If anything, it may help them be a little less dependent on their parents and how they always need money. You can just tell them to go mow a lawn instead!