Microbusiness for Teen Tips with Carol Topp

 

Celebrate Independence: Start a Micro Business!

By Carol Topp, CPA

The Fourth of July is a time to celebrate our country's independence and appreciate our freedoms as Americans to follow our dreams. This is a great time to encourage our children, especially teenagers, to cherish their freedoms. Not every country in the world allows a teenager to have as many freedoms and opportunities as the United States. One important area of freedom that our children probably take for granted is the freedom to become whatever they want to be, which includes starting a business.

My 16 year old daughter, Sarah, was introduced to a man who grew up in East Germany. He described his youth where he had no choice in what he would study in high school or what career he would have. He was assigned to a technical high school where he learned science and math. There was no consideration of his abilities or talents. Sarah began to appreciate her country in a new way. She has an artistic bent and would have hated being forced into a math and science-oriented high school. Instead, she has been allowed to purse her love of art and photography.

Sarah celebrated her independence by starting a micro business. She used her interest in photography to take senior pictures of a few friends. More friends saw her work and hired her for their senior pictures. She was kept quite busy for several weeks and grew in her skills and business knowledge. It is quite easy for a teenager to start a very small business—a micro business—and learn a lot while making some money.

A teenage micro business owner will learn business skills such as marketing, customer service and salesmanship, but they will learn also life skills such as time management, planning and careful use of money. As a parent you will see them develop confidence, responsibility and the ability to overcome fear as they face new challenges in running a business.

We should encourage any spark of entrepreneurial spirit we see in our children because it helps them grow in many ways, but it is also good for our country. Small business ownership is the backbone of our economy, paying 44% of the total US private payroll.[1] But not only are small businesses responsible for America's wealth, they encourage free enterprise, responsibility and leadership.

The GrasshopperGroup has produced a short video, “Entrepreneurs Can Change The World,” that inspires us to remember the entrepreneurial spirit on which our country was built. You can view the video at YouTube and it says, in part:

“In case you haven't noticed, we live in a place where one individual can make a difference. Want proof? Just look at the people who built our country: our parents, grandparents, our aunts, our uncles. They were immigrants, newcomers ready to make their mark. Maybe they came with very little; or perhaps they didn't own anything except a single brilliant idea. These people were thinkers, doers and innovators until they came up with the name entrepreneurs.”[2]

Remember the freedoms we have in America this Fourth of July, and especially the precious freedom to work for ourselves, start a business and follow a dream. Encourage your teenager to exercise their freedom by starting a micro business

This article content is provided free of charge by the author through Kathy Carlton Willis Communications. You are welcome to place this article on your site or in your publication as long as 1) it’s used in its entirety, 2) the full bio is also used, and 3) you previously request permission through KCWC at russ@kathycarltonwillis.com. All other standard copyrights apply.

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[1]    Consortium for Entrepreneurship Education http://Entre-Ed.org

[2]   http://www.youtube.com/user/GetGrasshopper

Teenagers! Are You Wasting Your Summer?

 Is Your Teenager Wasting His Summer?

By Carol Topp, CPA

Summer is a great time for a teenager to earn some money working a temporary job, but most jobs are a waste of time. Summer jobs are usually low-skill jobs with tedious tasks like running a cash register or cleaning up bits of paper at an amusement park. These jobs pay poorly and do not usually offer any paths to advance or grow. They do nothing to help a teenager develop his gifts or prepare him for a future career. The best that can be said about a summer job is that it keeps a teenager busy and pays him a bit of money.

What if there was a way for your teenager to make some money, learn a lot and test a future career this summer? It would be a much better use of his time. What if your teenager learned time management, practiced math and writing skills, and grew in confidence and responsibility? That would be a very rewarding summer.

Instead of telling your teenager to get a job, encourage him to start a micro business. A micro business is a one-person business that can be started easily, usually without any up-front cash, using what a teenager already owns. Micro businesses are usually home-based and very flexible so a busy student can keep up with other interests, sports and a social life.

Teenagers can use their skills to develop businesses such as teaching guitar lessons, doing web design or caring for children. Some teenagers have started micro businesses by offering services such as house cleaning, pet care, and lawn mowing. One easy-to-start micro business is tutoring. Students can tutor math, Spanish, computer programs or any subject that they are good at.

The quickest way to get your teenager started is to look for a need he can fill such as teaching a subject he knows well. Edgar is bi-lingual, since his family speaks Spanish in their home. He is tutoring another student in Spanish as a micro business.

Other teenagers can turn their interests into a micro business. Kristin combined her love of reading and childcare. She assembled a small group of children one morning a week and in a two hour block of time read them a story, planned a craft, and fed them a snack. She charged $5 per child per week and conducted a six-week mini-camp one summer. It was so popular, she offered an afternoon reading camp as well.

One benefit of running a micro business during the summer over working a job is that a teenager can try out an idea and see if they want to pursue it as a career. Joel has a talent for computer web design. He is teaching himself software like InDesign and makes money by creating buttons and banners for websites. His web design micro business will help Joel determine if her wants to be a full time graphic designer. Meanwhile he is learning time management and customer service skills while getting paid.

So don't saddle your teenager with another summer of working a boring, tedious job that offers no challenges or opportunities for growth. Instead, encourage him to have his best summer yet by starting a micro business.

This article content is provided free of charge by the author through Kathy Carlton Willis Communications. You are welcome to place this article on your site or in your publication as long as 1) it’s used in its entirety, 2) the full bio is also used, and 3) you previously request permission through KCWC at russ@kathycarltonwillis.com. All other standard copyrights apply.

Microbusiness for Teen Tips with Carol Topp - enter the drawing

Starting a Micro Business for Teens
By Carol Topp
c. 2010
Ambassador Publishing
ISBN: 978-0-09829245-0-1
Retail price: $9.95

This nifty little book sets out to make a big difference in encouraging families with teens who are interested in more than setting up a lemonade stand or playing around with real dollars. Topp's reason for adding this book to her collection of teen helps is that she wanted to create a useful and practical guide for teens, written by a mom who had teens, and include the inspiration reasons behind stewardship.

Each chapter, from the introduction of "What is a Micro Business" through the practical steps of figuring out suitable ideas to making them work and how to establish realistic goals, is filled with brief paragraphs of advice in easy-to-understand and follow tips, and ends with bullet-pointed Important Points. I loved her sample Business Plan, her encouragement, even the word-for-word advice for shy teens when they are encouraged to seek advice over the phone or in person from help desks or professionals.

Topp doesn't stop when the micro business is set up; she makes sure all accountable areas are covered, particularly with licensing and the all-important responsible government cut. Kudos to Topp for this wonderful and practical guide.

Carol Topp is a CPA who advises teenage business owners. Visit her web site: microbusinessforteens.com/

GRAND PRIZE!

The Complete Set of Carol Topp's Micro Business for Teens Series

(Winner will receive the four books shown below)

Starting a Micro Business

ISBN: 978-0-09829245-0-1
Retail price: $9.95

Running a Micro Business

ISBN: 978-0-09829245-1-8
Retail price: $9.95

Money and Taxes in a Micro Business

ISBN: 978-0-09829245-3-2
Retail price: $9.95

The Micro Business for Teens Workbook

ISBN: 978-0-09829245-2-5
Retail price: $14.95

Blog Tour Week - Carol Topp's Micro Business for Teens

This week, Carol Topp launches her blog tour for Micro Business for Teens. I read it and thought it extremely savvy- I'll be reviewing it later in the week. Those of you who comment on this blog and the review will be entered in a grand prize drawing for four of Carol's books.

Carol Topp, CPA advises teenage business owners though her Micro Business for Teens book series. Carol’s day job is accountant to business owners, and she enjoys teaching teenagers to succeed beyond their dreams. Students appreciate how she shares what they need to know in clear and helpful lessons. Her website is MicroBusinessForTeens.com

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Spring Cleaning: A Time For a Teenager to Make Money

by Carol Topp

Here are some ideas for a micro business a teenager can start this spring:

• House cleaning: Offer to tackle large jobs like washing windows, moving furniture, etc. Many people are grateful for a young, strong teenager to help them with heavy lifting. What is easy for you might be very difficult for them, especially if they are an older person.
• Routine house cleaning: Some customers need regular house cleaning and may hire you on a weekly or monthly basis. Don't wait for them to ask: offer to come weekly or twice a month and see what they say.
• Attic cleaning: Offer to help people do a job that they put off, such as cleaning an attic.
• Garage cleaning: A big job that can earn you big bucks!
• Yard cleanup: Offer to trim bushes, pull weeds, plant flowers and spread mulch to spruce up a yard.
• Car and van cleaning: People spend a lot of time in their automobiles and their cars and vans need frequent cleaning. Melissa gladly paid to get her van cleaned inside and out every week because her four children could really make a mess in it. You can make some cash by offering to clean a van inside and out.
• Organize. Organize a house, playroom or garage. Charge the customer for any bins, tubs and labels that you purchase for them and then add on the value of your time. Take before and after photos to use on your advertising fliers.
• Declutter: Do you love HGTV shows on organization? You might be able to find someone to hire you to declutter their house like you see on TV.
• Garage sales: Advertise, organize and run a garage sale for your neighbors. Get several neighbors to participate together and really earn the bucks!
• eBay sales: Offer to sell your neighbors' stuff on eBay and take a cut for yourself. Combine the decluttering, garage sale and eBay tasks into a full package to help your customers profit from their excess stuff.