Comments on: Encouraging your budding entrepreneur – Part Two: Tips & Suggestions

By: Cathy

Cathy — Fri, 20 Jun 2008 04:53:17 +0000

Thanks, Mikee! I’ve fixed the link.

By: Mikee

Mikee — Fri, 20 Jun 2008 04:42:52 +0000

Hi Cathy, just wanted to let you know that the part 1 link points to an article about preventative health care (http://allfinancialmatters.com/2008/06/17/does-preventive-health-care-save-money/), which I don’t think you intended.

By: Matt

Matt — Thu, 19 Jun 2008 14:25:05 +0000

I like the idea of a mission – it helps define what you’re trying to do. A small niche idea can start your business but when you start to expand it too much nothing comes of it and you start to wonder why it failed (where the lack of mission or direction is the key culprit)

By: Ken Pirok

Ken Pirok — Thu, 19 Jun 2008 05:52:29 +0000

The mission statement idea is important. Your child should know his or her competitive advantage, that is what he or she will do differently or better than the competition.

He or she should also be able to tell you the mission statement and the competitive advantage, and you should be able to accurately explain it back in your own words. This is a good test of a mission statement.

By: Cathy

Cathy — Thu, 19 Jun 2008 03:38:27 +0000

@Luke – Thank you! I’m so glad. And I completely agree, the success of the business itself is nowhere near as important as planting some seeds in your child’s mind.

By: Luke @ Money &amp

Luke @ Money &amp — Wed, 18 Jun 2008 15:50:21 +0000

As I mentioned in part one, I really did enjoy this article as well. I think no matter what happens with the experience, it will be something that can change the thought process of your son/daughter.