By Kendra Johnson*

Hey there, fellow moms and dads! Are you ready to embark on an exciting journey of nurturing young entrepreneurs? Honestly to me that sounds exhausting and I'd rather just sit at the splash pad all summer. HOWEVER, if you or your kids are feeling motivated, summer break is the perfect time to teach kids and young adults about business! And it doesn't have to be a dull lecture.

As a tired mom of a 5, 3 and 1 year old, I am always looking for EASY ways to help my kiddos learn financial literacy. So I'm here to share some creative ideas on how to inspire and educate your little ones about the world of entrepreneurship. So, let's dive in and unleash the inner entrepreneur in your kids!

Lemonade Stand Adventures:

Remember the classic lemonade stand from our childhood days? Well, it's time to pass on the legacy! Help your kids set up their very own lemonade stand in your neighborhood. Let them experience the joy of making a product, setting prices, and interacting with customers. This hands-on activity teaches them about supply and demand, marketing, and counting money—all while having a blast!

Playtime Business World:

Turn playtime into a business extravaganza! Encourage your kids to create their own mini-companies or stores within the comfort of your home. Set up a pretend grocery store, restaurant, or even a fashion boutique. Let them take turns being the boss, employees, and customers. This imaginative play helps them understand different roles, teamwork, and the concept of profit and loss.

"Shark Tank" Junior Edition:

Spark your kids' creativity by organizing a "Shark Tank" style competition at home. Invite family and friends to play the role of investors while your little ones pitch their innovative ideas. Encourage them to come up with unique products or services and present their business plans. This activity promotes critical thinking, persuasive communication, and problem-solving skills—all in an exciting and engaging way!

Entrepreneurial Storytime:

Expand your kids' entrepreneurial knowledge through storybooks. Look for children's books that feature young entrepreneurs and their adventures. Read these stories together and discuss the lessons learned. Not only will your kids enjoy the tales, but they'll also gain insights into real-life business scenarios and develop a passion for entrepreneurship.

Farmer's Market Adventures:

Take your little ones on a field trip to a local market or fair. Encourage them to observe different stalls, products, and services. Let them interact with vendors and ask questions about their businesses. This hands-on experience will familiarize them with the concept of competition, customer preferences, and the importance of market research. Plus, it's a great way to support local businesses!

Money Matters:

Teach your kids the value of money and financial responsibility. Help them set up their own savings account or piggy bank. Encourage them to save a portion of their allowance or earnings from chores. Additionally, involve them in budgeting decisions for family activities or outings. By understanding the basics of managing money, your kids will develop essential skills for a lifetime.

Support Young Entrepreneurs:

Embrace the entrepreneurial spirit by supporting other young business owners. Encourage your kids to buy from young entrepreneurs at school or community events. Whether it's handmade crafts, baked goods, or artwork, valuing their peers' efforts inspires your children to recognize the hard work and dedication that goes into running a business.

Let's make this summer an adventure! 

Teaching kids about entrepreneurship can be an incredibly rewarding experience—for both you and your little ones! By infusing fun and creativity into the learning process, you can ignite their passion for business from an early age. So, grab your little entrepreneurs' hands and embark on this exciting journey together. With these ideas in mind, let's empower the next generation to dream big, think creatively, and change the world, one business idea at a time!

Kendra is Director of Digital Resources and curriculum for Small Legacies. A certified elementary educator and parent, Kendra has a passion for teaching through engaging and varied techniques. Her background in theatre, educational technology and curriculum development have fueled her passion for teaching financial literacy creatively.

*Some Elements of this blog were generated with the help of Chat GPT.