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Alaska is by far the nation’s biggest, coldest, and most remote state. But, despite that fact, it’s also one of the best states to start and run a business for yourself or your kid. There are a few reasons why starting a business in Alaska has gained such a reputation. One of them being that, the Tax Foundation lists the Last Frontier as third on their list of most tax-friendly business states (due to no individual income tax or state sales tax). In addition, Alaska has the country’s second-highest rate of new entrepreneurs. Yes, that is clearly the spirit of commerce it shows that it is alive and well way up north. So, if you’re interested in starting a business for your kid in Alaska—maybe you’re a native son or daughter, or you’re drawn to the 49th state by virtue of its low taxes, not to mention its stunning natural beauty—then you need to know a few things about getting started. Here is how to get started in Alaska: 1. Choose Business and create a Plan The only question this article cannot answer is the type of business that your kid should get involved in. This depends on what your kid is passionate about or what they are good at, and what suits the community you’re looking to serve in Alaska and beyond. If you want some ideas on starting a business in Alaska, you need to do a market survey around the area or vicinity you live in. you and your kid can try to find out how much is made on an average on the type of business he or she chose. Once you decide what kind of business to open, you’ll need to create a business plan. You can write it yourself or use digital tools to help you out. Your business plan should cover your pitch, your potential customers, your marketing strategy, and where you’ll secure financing and any other important detail. For outside help with crafting your business plan, Alaska’s Small Business Development Centers offer no-cost business advising, which you can benefit from. 2. Register the business This isn’t a walk in the park but it is quite literally the most necessary. You need to register your kid’s business with the state in order to do business. The process isn’t easy for your kid to follow or to be able to fulfill alone so for this part you need to be in support at all times. There are a few different legal structures to choose from when registering, and all of them have different benefits when it comes to taxes, liability, and operations. The four most common are below: A limited liability company (or LLC) is the most popular structure, as it provides protection without double taxation. LLCs can function as a partnership or corporation, and Single Member LLCs allow business owners to choose to be taxed as a sole proprietorship or corporation. You are also protected from personal liability in the case of damage. You can also choose to be a sole [...]

Arizona is a beautiful city with lots of opportunities for business. Regardless of whatever age one is, there are always chances to begin a business in this city. If your kid is interested in beginning some kind of small business, the city is open for it and all he or she needs is your help and support. Help them with the requirements that must be fulfilled which will be explained below. Following the simple steps that will be listed and explained will help you aid your kid as he or she establishes their business. With the knowledge, the process will be easier and fast to accomplish. Steps to Start a Business 1. Choose a type of business The first step is for your kid to select the type of business that he or she wants to start. If they have done so already then they may skip this step; if not, then your kid would have to make a choice. To make a confirmed choice, your kid would have to do this in line with their skill, knowledge, and passion for a prospective business they want to start. You have to make sure that your kid has a passion for the business they choose because this is what that will keep them committed to it and to face the challenges. It would be the driving force and the zeal will keep your kid motivated. 2. Choose a name As simple as it sounds, it is a very important thing to do. A name serves as the identity of your business and is also the first thing that people often come in contact with. Having a name is a brand and as your business grows it will be used to refer to your type of quality and services. Make sure that the kind of name your kid chooses for their business is available. Perhaps your kid has chosen a catchy and beautiful name but that name happens to already be in use, he or she can incur legal consequences if they use the name or something similar. Hence, you could check on the internet to find out if that name has been taken or not. Or go to the city council to find out. 3. Finance Finance is an important component to every business. Without capital one cannot start a business and for kids, the start-up capital may be a bit of a challenge. This will need a lot of assistance from you to raise funds for them. However, there are some home-based businesses that require little or no cash set up except for registration. However, you could loan your kid the entire sum or give them half if they already have some money saved up. The money could always be paid back when the business begins to yield profits. 4. Choose the type of entity Choosing the type of entity that your business will be like is a must because that is what it will be registered as. Your kid [...]

In our fast-changing world, kids need a whole new set of skills to make it. Helping children gain entrepreneurial traits will give them a solid foundation for defining, pursuing and achieving their own success. Sharing values of entrepreneurship with your children can be a great way to teach them some very important character tools they’ll need and use for a lifetime ahead. So here are three character traits that entrepreneurship will help instill in your children and how to teach them. 1. Willingness to Experience more Babies and children are born to explore. They are free and eager to learn about the world. Playful learning is a proven way to advance academic readiness and lifelong curiosity. Let your kids follow their instincts and discover and reinforce that with interest and wonder. They see opportunities where others don’t and welcome challenges, hallmarks of success in the workplace and in life, A lot of people today have a very limited worldview and it is important that we give our kids the opportunity to explore and to gain something way more than a limited worldview. This will help them become open-minded and help them think beyond what the regular person would. 2. An Innovator’s Perspective Innovation is not only for people who will create new technologies or businesses. Kids growing up today will need to be enduring innovators, devising new solutions and approaches to problems. Permit kids to test out their ideas when playing or doing schoolwork. Coming up with their own solutions helps develop and reinforce creativity and critical thinking skills. And make sure to cultivate an environment where failure is tolerated. Innovators embrace conducting tests and know that you must fail in order to succeed Entrepreneurs need that skill. When faced with a challenge, entrepreneurs can’t just push it under the bed and call it solved. It’s important that they considerately approach the issue, address it head-on, and reflect on ways to improve in the future. 3. Optimism Irrational Optimism Is Necessary Optimistic people work harder. It’s true. In fact, research has proven that negativity severely hinders a person’s ability to engage in life improving acts. To a successful entrepreneur, this should be noticeable. Entrepreneurs are a positive group, afflicted with the 'optimism bias,' a tendency to view the glass as half full and not have empty.  If there’s one trait associated with entrepreneurs, its optimism. Successful entrepreneurs believe they can change things for the better through their own efforts. Being optimistic confers real life, career and health advantages. To promote optimism, frame the day in a positive way, model optimistic thinking and problem solving and develop gratitude. 4. Self-confidence A belief in yourself and your capability to get through life’s challenges is the building block of adult success and a huge section of children’s healthy growth into adolescence and young adulthood. Entrepreneurship embodies self-confidence based on your own interior encouraging factors better than perhaps any other activity. It teaches kids the importance of believing in their ideas and believing in their ability to [...]

Yokohoma is the second biggest city in Japan by populace, after Tokyo, and the most crowded municipality of Japan. It is the capital city of the Kanagawa Prefecture. It lies on Tokyo bay, south of Tokyo, in the Kant region of the primary island of Honshu. It is a noteworthy business center point of the Greater Tokyo Area. Yokohama's populace of 3.7 million influences it to become Japan's biggest city after the exceptional wards of Tokyo. Yokohama grew quickly as Japan's prominent port city following the end of Japan's relative segregation in the mid-nineteenth century and is today one of its significant ports alongside Kobe, Osaka, Nagoya, Hakata, Tokyo, and Chiba. The city has a solid financial base, particularly in shipping delivery, biotechnology, and semiconductor enterprises. Is your child into business and entrepreneurship? Pet Sitting Services Are you and your children passionate about pets? Is your child hard working and devoted? If yes, at this point, he or she as of now has two essential qualities of a successful entrepreneur. In case you're searching for what kind of business idea you can begin for your children, why not start a pet sitting business for them. An affection for animals, trustworthiness, and regular availability are all signs that you and your children could actually be successful when starting a pet-sitting business. Pet sitters are always accessible during typical working hours, weekends, and vacations to take care of their client's pets and animals by taking them for strolls, feeding them, tidying them up, and that's just the beginning. Most of the people that own pets depend on the services of sitters for everything. From day to day strolls to vet outings to stay with their pets at home whilst on holiday. While the practice of pet sitting appears to be unnecessary to some people, pet sitting organizations are on a drastic rise and growth with good earnings. If your child is a serious pet lover, this might simply be the ideal working door for them. Probably the most asked questions about turning into a pet sitter are what amount of cash do they make a year? What about in a month? What would they be able to get in a day? Shockingly, there's no right answer. There are so many elements to mull over, and the best approach to find a straight solution is to begin a pet sitting business and see what you're going to earn. While being in the pet sitting services, you'd most likely at any rate like your child to earn a bulk figure of what you could be hoping they'd make as a pet sitter. The most important thing you'll have to know is that pet sitting, however, it might appear to be straightforward and easy at a glance to make quick money, it's significantly more than meets the eye. If you'd like your children to make it in this business, then you'll have to teach them how to be punctual, sorted out, selfless and sociable. Your [...]

The greatest investment to make at this present age is the investment of knowledge into the upcoming generation. Although kids might just take up some part of the world’s current population, they are still 100% of its future. One great way to harness their potential in the future is to educate them now on the importance of entrepreneurship. The educational system is crafted in a way that kids are put through a series of tests to qualify them to make ends meet from helping other people achieve their own visions. The easiest way to be a world changer tomorrow is to start taking the right steps today. Here in South Africa, we see that there is a fast growth in infrastructural development and this can be attributed to the niche ideas that were birthed years back by young aspiring entrepreneurs. Your kid can also join the ranks of great entrepreneurs in this nation with the likes of Richard Maponya, Pam Golding, Anton Rupet and Harry Oppenheimer to mention a few. Parents, Your Role in Ensuring Your Kids Become One of the Greatest Although your kids would end up getting the fame and glory, parents still have a pivotal role in ensuring that this happens. 1. A Change in Your Personal Life Let us first establish the fact that kids are faster visual learners, so they tend to unconsciously take after whatever they see people that they look up to keep doing. With this, you can culture some of your kid’s characters even without talking to them which would eventually help them in the fast moving pace of this nation. Things You Can Teach Them from Your Personal Life a) Time Management Kids are very observant and always have the tendency to believe that they are licensed to do whatever it is that their parents are doing. If you keep coming home late and while away time on a couch with the remote on your hand, be rest assured that you are culturing your kid’s future to that same fate. b) Reading Habits Majority of your free time should be filled with you doing something productive. Take up a book and read or even something as minor as reading a newspaper can condition your kid to have that same interest. c) Accountability Keep records of important things in your life, make it a priority to see to it that everything that needs to be done is done well and on time. As a parent, there are certain things that need to be put in place in the family and in the home, once all these are taken care of and your kid continually sees theses, he/she is compelled to grow up with that same standard of living applied in all areas of their lives. 2. Support Their Littlest Efforts What might seem little today as efforts from your kids can turn out to be a global world changer tomorrow. There is always usually something productive your child loves indulging in, they [...]

Starting a business is not for everyone. Just because you can, doesn’t mean you should. Starting a small business in South Africa requires you to invest time, energy and patience.  But more than anything else a Start-up needs passion, commitment and a clear sense of purpose. If you have what it takes and are willing to do the difficult things, then you should start your own business. South Africa is IRREGULAR among developing countries. It is both a developed country with good infrastructure and also a country with huge social and economic problems. There is a wide gulf between recipients of development aid on the one hand and skilled professionals on the other. So as a South African entrepreneur you’ve come up with a business idea and believe that you have found a gap in the market, the next question is how to start your own business? There are a number of processes that you need to go through to start your own business in South Africa. However, if you do your research and practice due diligence then it can actually be quite simple to start your own business. In this article I am going to share some tips on helping your kids start a business and the step you should follow. 1. Start with a Viable Idea Start thinking about whether your core idea makes a viable business. How do you know that your idea make viable business, you don’t, you should always take a step back, try to be honest and real with yourself and ask these questions. Does anybody need (or want) your product or service? How bad is the need, or how much do they want it? Think about it in common sense terms. The intensive market research will follow Will they pay for it? And are they already paying for something else, do you think that they leave that service and become your customer, Think about it in your case. Is your strategy or plan going to work for everybody? The answers to these questions may seem obvious, but the point of this exercise is to give yourself a reality check. Essentially, you’re asking whether there is a market for your product or service. If you’re laying out a lot of money, and especially if that’s somebody else’s money (like investors), it is good to do some background research. 2. Determine Ownership There are no formulas for ownership, and it may seem awkward at first, but if you’re partnering with someone, it is s a thousand times easier and better to do it now than to wait until after the money starts flowing. Determine the percentage of ownership, who does what, whose idea it was and how much that matters. There are no formulas for ownership. The closest thing to it is money spent, especially if you add in time spent and work that into a money value. This helps the kids share learn to share responsibility. 3. Name the Business Naming a business is [...]

Many parents will say that they'll be happy as long as their children find happiness in life. But in reality, most parents have confessed, they genuinely hope they are raising strong, independent, and confident children. Parents don't want to rely on hope or a crystal ball to figure out what kind of person their children will become. Thankfully, there are early signs that your child could be a natural born leader, so you won't have to just cross your fingers and wait to find out. Maturity is a beautiful thing; it helps us grow and cultivate the areas of our personality that need to be improved upon. Even our God-given qualities, when used incorrectly, can breed rotten fruit, but if sharpened and allowed the ability to be sculpted, they can really show their true beauty. Knowing what your kids like and noticing certain qualities in them when that are young can help you help them grow and become one of the best in whatever they do. Here are some of the signs you might notice in your child that will let you know that they are a budding entrepreneur. 1. Child entrepreneurs look at the world differently They focus. You could even say that they are hyper-focus on their projects. They’re driven to see what they can do, what they can earn, and how far they can take their ambition. They usually don’t fit in, child entrepreneurs try to change the world the way they see it. They constantly have new projects in the works, and their thoughts are almost always money or business-centric. These children are driven by challenge and are unwilling to surrender, simply because a project has failed. That failure will often spark their fire and fuel them further. 2. They are super creative Most kids that ended up inventing something were challenged either by a friend or someone else. But inventing something takes exactly that creativity. If your child draws or is musically talented, studies show they likely have a higher than average IQ, this added bonus that will help your child to become an entrepreneur. Young kids love to do crafts and come up with new ideas or stories. But if your child is super creative beyond just drawing a cool picture, you may be raising a young entrepreneur. In order to be a successful entrepreneur, you must have good ideas. If your creative child is always coming up with great ideas and doing creative things, they one day might become a successful entrepreneur. How does your child play? Do they like to build things with their hands like Lego’s or magnets or come up with new rules to a card game? Children who love to create, experiment, and invent often grow up to be successful entrepreneurs. 3. They are naturally curious If your child is filled with questions, this is a sign of entrepreneurial spirit. Entrepreneurs are always wondering why things are the way they are, and how they could be done better. Constantly [...]

Johannesburg is South Africa's biggest city and capital of the Gauteng province. If you ask any successful entrepreneur how to start your own business, the answer is most likely to be that the first thing you should do is to write a comprehensive business plan. A business plan will help map out your business strategy, give you and a hint of the profitability of that business and offer you and those who might invest in your business an indication of how successful that business is likely to be. But more than importantly startup needs passion, dedication and a sense of purpose. If you have what it takes and are eager to do the complicated things, then you should start your own business, Today I am going to share with you some of the reasons and benefits of helping your child start a business in Johannesburg and I will also give your some startup ideas and how to start business. Starting a business in Johannesburg is a lot of hard work. It requires a massive investment of time, energy and finances. You need to cautiously assess your market and be honest about your skills and experience Reasons for Starting a Small Business Starting a business at a young age in a very good thing it does not only help you learn about money and making profits it also helps you learn other important life lessons along the way  Owning and running your own business in South Africa in order to provide employment and produce wealth. Your wealth represents potential jobs for numerous people and it can lead to a better life for many South Africans as well as for yourself. You should always consider wealth as a means of improving living conditions everywhere. Remember, you have a duty toward your associates, employees, and the public. Use your capital to benefit your employees, customers and their families. Benefits of Starting a Small Business Helping and teaching your children how to do business eventually comes with lots of benefits and blessing. Let your kids use their current skill set and expertise to become your own boss. You set the rules. You set the deadlines and you decide how to run your business. You don’t need permission to execute business ideas or take time off, you can just do it! You can work from anywhere at any time. You don’t need to be stuck in a box listening to your colleagues complaining about life and management all the time. Owning and running your own business in can be very fulfilling. You’ll enjoy the fruits of your labor and can feel proud of your accomplishments. Many small business owners enjoy the respect they earn from their peers for having the courage to go out on their own. Helping your kids Building their own trade name can mean passing on a heritage to their children. Your Grandchildren will be motivated to do great things and follow in their parent’s footsteps. Owning their own business will force [...]

Atlanta is the most populous city in the state of Georgia in the United States, with a population estimated to be over five million. Considering the population of Atlanta, there’s a niche for everyone waiting to be carved out. Before you and your child can successfully start a business in Atlanta, you will have to make him understand that starting a business will not be as easy as eating a cookie, there are quite a number of things that you both have to put into consideration: 1. Your child’s education Georgia law requires and mandates that a child should be educated in either a public, private or even home school from the age of six to sixteen. See to it that your child’s desire to start a business does not interfere with or hinder him from getting an education within this stipulated age. 2. Teach your child to write a business plan In order for your child to be successful in business, you have to teach him what goes into writing a business plan and they include: See to it that you make your child understand that a business plan is not judged by its volume but by its content. So he should as much as possible keep it short and concise. Just like every other kind of writing, teach your child that it is essential while writing a business plan that he knows and understands his audience. Make sure he learns to speak in a language that will be understood by his audience. For instance, if your child is a techie, and is presenting a business plan to people who happen not to be in the field, it is not advisable for him to bombard them with tech terminologies hoping to impress them because he will end up confusing them. Teach your child to be confident among his competitors, make sure he understands that no one knows everything that there is to know about the business world. Teach your child that in the long run, he will come to realize that most of his competitors just like him are learning as they go. Teach him the major components a business plan must contain which include: I. Executive summary This is a comprehensive overview of your business and plans. It is usually contained in the first two pages of the business plan. II. Opportunity This part of a business plan answers the following questions; what problem does the product you planning to sell solve? Do you have competition? Who is your target market? If your business plan can successfully and intelligently answer these questions then you are one step closer to helping your child start his own business. III. Execution A business plan is only an idea written on a piece of paper if in the business plan there is no step dedicated to how to lay the tracks on which the business will glide through. This is where you come in as a parent. A child may have a [...]

The history of commerce in Ghana is one that has lasted for centuries, it first began in began in 1482, when the first Portuguese settlers disembarked and began trading in gold, ivory, and timber. With such a long history in commerce and a current population of over twenty-eight million people, it should not come as a surprise to you that your child who was born in that environment wants to start his own business at such an early stage. As parents, we owe a duty to our kids to support their positive endeavors to the best of our ability. Starting a new business even as an adult is a very daunting task to accomplish. I believe teaching your child to be an entrepreneur is one of the best gifts you can give to him as a parent. Nevertheless, there are quite a number of things you need to have in mind while helping your child start his business: 1. Your child’s education Ghanaians hold education in high esteem, trust me pulling your child out of school is not a good idea. Since most of the schools that offer formal education only do so from eight to two, you may have to make special arrangements with your child’s school although the school curriculum can be a little rigid. 2. Discover your child’s interest Aside money, having a genuine interest in a particular business has been a driving force for many successful businessmen and women, the same applies to kids. Sometimes kids start stuff they expect to be fun but get bored mid-way and abandon it. Starting a small “kid business” for your child in Ghana is not going to cost you a kidney, so there is room for a few trial and errors until your child stumbles on one he likes and can run on his own. 3. Teach your child to write a business plan Writing a good business plan is a skill every good businessman must have. Teaching your child to write a business plan will not just help him in starting his “kid business” but will help him in starting future businesses. Here are a few things that go into writing a business plan: Make sure your child understands that a business plan doesn’t necessarily have to be voluminous; a good business plan is known by its content. So he should as much as possible keep it short and concise. As is obtainable in all other kinds of writing, teach your child how essential it is to understand his audience. Make sure he learns to speak in a language that will be understood by his audience. Teach your child to be confident among his competitors, make sure he understands that no one knows everything that there is to know about the business world. Teach your child that in the long run, he will come to realize that most of his competitors just like him are learning as they go. Major Components a Business Plan Must Contain 1. Executive [...]