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Suggest a Starter Book for an 11 year old girl
Posted on 12/14/17 at 11:06 pm
Posted on 12/14/17 at 11:06 pm
She's gotten big into Entrepreneurship at a young age and I'd like to encourage it. Anything age appropriate?
3
Posted on 12/15/17 at 7:16 am to CountryVolFan
Posted on 12/15/17 at 8:16 am to CountryVolFan
quote:
She's gotten big into Entrepreneurship at a young age and I'd like to encourage it. Anything age appropriate?
Let her start a business, I'm not sure there are many books an 11 year old could understand.
Does she have an actual interest in entrepreneurship or is she just fascinated with the glam and glitz people seem to be showing "entrepreneurship" with?
Posted on 12/15/17 at 8:28 am to barry
quote:
Let her start a business
Agree. A friend helped her daughter make soy candles that can be used as moisturizer as they burn down. Simple stuff that could be made at home with minimal investment.
She would then help her daughter get meetings with local stores to sell into and gain experience that way. You can build out a simple P&L and get more progressive as she learns more.
Something like that would provide experience that is immeasurably more useful than any collection of books.
Posted on 12/15/17 at 11:13 am to CountryVolFan
Having to read anything more than we have to about trump sounds like a punishment to me...check out Peter Lynch’s books.
Posted on 12/15/17 at 11:28 am to barry
quote:
Let her start a business, I'm not sure there are many books an 11 year old could understand.
Does she have an actual interest in entrepreneurship or is she just fascinated with the glam and glitz people seem to be showing "entrepreneurship" with?
She's made a few hundred bucks (not kidding) making slime and selling it at school. After that she's tried like the Lemonade and cookies and all of that. So she's actually into starting a business and says that what she wants to do.
Posted on 12/15/17 at 11:35 am to CountryVolFan
I'd get her into investing. I knew a family that invested their vacation money for the year with their kids, or something like that. They put $5k in at Christmas time, and had the kids invest it how they wanted. However much they had come vacation time is what they spent.
Obviously there's some issues with that. But doing something like that very early on, to get kids excited and learn the basics of investing, saving, compound interest, etc. I think is just as important as the basics of business.
I'll never forget though, I ran a lemonade one summer day and I spent like $18 on supplies and made $17. I was like 10. So doing basic things like running a business and making her pay for expenses first, is a great tool also. You can't just buy the stuff for them and whatever they make is profit, that teaches almost nothing.
Obviously there's some issues with that. But doing something like that very early on, to get kids excited and learn the basics of investing, saving, compound interest, etc. I think is just as important as the basics of business.
I'll never forget though, I ran a lemonade one summer day and I spent like $18 on supplies and made $17. I was like 10. So doing basic things like running a business and making her pay for expenses first, is a great tool also. You can't just buy the stuff for them and whatever they make is profit, that teaches almost nothing.
Posted on 12/16/17 at 6:12 pm to CountryVolFan
Sounds like she’s well positioned to know what kids her age want/like. She can be the trend spotter on new toys/fads......or get her into brokering the services of other kids....like a sitter placement service. She recruits kids her age (or slightly older) who can watch kids, she handles the bookings. A simple electronic calendar can allow her to take bookings only when her stable of sitters is free, and she takes a piece of the sitters business. Or buy a cotton candy machine or snowball machine and work the birthday party circuit....
Good business books for 11 y o :
Any Kid Can Start a Business by Mark Cuban
Better Than a Lemonade Stand
A more general book book on money concepts: Finance 101 for Kids
Also, teach her the incredibly important lesson of not paying for what you can get for free: all of those books are available free through your public library....if not in your branch, then via the inter library loan system. Sure, buy one as a gift, but demonstrate how a smart person uses the resources available and doesn’t just reflexively buy things. And then explain how your tax dollars pay for the library.
Good business books for 11 y o :
Any Kid Can Start a Business by Mark Cuban
Better Than a Lemonade Stand
A more general book book on money concepts: Finance 101 for Kids
Also, teach her the incredibly important lesson of not paying for what you can get for free: all of those books are available free through your public library....if not in your branch, then via the inter library loan system. Sure, buy one as a gift, but demonstrate how a smart person uses the resources available and doesn’t just reflexively buy things. And then explain how your tax dollars pay for the library.
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