Fun Summer Projects: Family Business and Entrepreneur - 431
Sponsored by CTC Math.

What are some fun summer projects? What about starting a family business? Summer seems to be a good time to have fun, but it also is a great time to think about a business for the entire family. Are you ready, here are some great ideas to get you started.

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Years ago I gave a talk at a state homeschool conference on family businesses, and then later at a smaller conference and there was a real interest in working from home. When we fast-forward today we find that many businesses are cropping up online and are based at home. I grew up with a family that was self-employed. My parents owned a bakery...(more on podcast).

We have been conservative in our investments and our businesses and we’ve never had a business not succeed – so, I feel a little bit qualified to give you some advice about beginning a home business. There are many questions you should ask yourself and the teacher in me always starts with the questions…because it is a great place to begin.
Keys to beginning a home business:
(Details are on the podcast - here is the short list)

* Keep it simple.
* Learning curve.
* Is there a demand?
* What makes your product stand out?
* What is the start-up costs?
* Do you know how to write a marketing plan?
* How much time are you willing to invest?
* How are you willing to do it right?
* Is this something you can do on the side until it can be a standalone job?
* How much do you love this idea?

Our kids worked and helped in our business throughout their time as homeschoolers. There were book sales and books to pack and ship, they helped with all aspects of the business that were within their ability. One of my children, Christina (now an adult) was the co-author of a three-book series we wrote together. She learned firsthand that there is no free lunch it takes work and perseverance. There is a booth at homeschool conferences, there are speeches to write and to give, and there is selling online and websites – business cards to design and slogans or catchphrases to create. If you want something that keeps the family together and teaches a good work ethic, this is it.

Well, what do you think? Do you have the next best idea? Well then, I hope you look through these suggestions, add some of your own and let me know if I left anything out that I should have added in the comment section below -



Check out these Information in a Nutshell books about Business!



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