My kids are often interested in running a little business of their own, and summer is the perfect time! A lemonade stand is the classic kid business, but I’ve seen kids advertise roses and wallets made from duct tape for sale too.

Whatever your kids want to sell, keep it simple. Decide how much financial support you’re giving and how the kids will pay it back if they make money. It’s best for kids to understand that running a business has costs, learn how to keep them under control and how to pay off startup expenses. Depending on your neighborhood and ages of your kids, you may have to supervise more or less. Try not to get too involved – it’s their business.

Older kids may want to so something online, design an app, stuff like that. If they’re up for it, see what you have to do to let it happen. You may have to be the official account holder for anyone under 18, which can complicate online options for kids.

The post Set Up a Lemonade Stand/Other Business – Day 30 of 30 Days of Keeping Kids Busy During the Summer appeared first on Home with the Kids Blog.