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Get Into the Business of Kids

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October 08, 2012 – Comments (1)

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Board: RB: How Goes It?

Author: VTDave

Wow... it's been about a month since I've been on the boards. Much has happened with our family in that time, so I figured that I'd bring you up to speed (and offer my best excuse for not getting to my 2Q value reports... LOL).

This summer, my oldest daughter (Jordan, 13) was bugging me for spending money. She was willing to work for it - lemonade stand, walk pets, wash cars, etc... but we were growing weary of the constant "offers" for help. I'm sure our neighbors were too :-). Since Jordan seemed to be fairly enterprising, I decided to make a proposal. And this summer, we created our very own company, Dad and Me, LLC. Since we live in Vermont, we decided that we'd sell Vermont-made products online. To start, we opened an eBay account and now have moved over to our very own e-Commerce website.

It's been a ton of fun and a great learning experience for Jordan. She's helped to work with suppliers, set up accounts, manage inventory (even if it's just a tiny bit), handle cash transactions, and work at marketing through Google and social media. The business is very small, but the point isn't so much to make a ton of money as it is to teach her about how businesses work. My plan, assuming we turn cash flow positive at some point, is to rotate my other 3 kids through it as well as they get older.

So there you have it, my life this summer in a few paragraphs. Not to be self-serving, but if anyone wanted to check out our website (www.dadandmevermont.com) or Facebook page (facebook.com/dadandmellc) and gives us feedback, we'd be very grateful. Better graphics are coming on each.

OK, no more excuses. Back to the value reports...

-Dave.

1 Comments – Post Your Own

#1) On October 12, 2012 at 4:00 PM, shiftins (< 20) wrote:

Real interesting approach to educating your kids. Hope she learns a lot. 

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