Teaching Children Business Skills

Can you believe it? Aristotle graduates from kindergarten this week! How time flies… I’ve been busy working on the end of year gift for the teachers – a collage of pictures from the children and their farewell messages. I initially wanted to make a scrapbook but since the idea came a little late, we ran out of time and I had to compromise a little.

Aristotle will be having a long break before starting his first year of primary so I asked him what he wanted to do and he replied that he wanted to set up a shop and sell stuff. I think he was inspired by a project they worked on at school where they made stuff to sell and invited the parents to visit their shop at school. The money they raised was donated to charity.

His first taste of entrepreneurialism has sparked a desire for more. I’ve always been looking for ways to teach him about the value of money and work, so I figured this would be a productive way to spend some of his school holidays – especially since he’s the one who wanted to do it.

Ack! Who needs Kidzania when you can do have the real McCoy?

Aristotle will be working on an equivalent of the “lemonade stand” (commonly a child’s first business experience), but instead of selling lemonade, he’s going to be selling cookies like the ones he made below:

Not only will this experience teach him about money and working life, it is also a great activity for developing a child’s focus and self-control which we know is important for a child’s future success. It also gives me the opportunity to teach him about the concept of profit and loss, and we get to learn Math in an interesting and relevant way. Math has always been a subject he loathes… Wow – killing so many birds with one stone! I couldn’t have thought of a better way to keep him busy this holidays if I tried!

I asked him what he wanted to do with the money he earned and he wisely said that he would save some of it. The rest is going towards his shopping fund. It will be interesting to see what he wants to buy.

Published by Shen-Li

SHEN-LI LEE is the author of “Brainchild: Secrets to Unlocking Your Child’s Potential”. She is also the founder of Figur8.net (a website on parenting, education, child development) and RightBrainChild.com (a website on Right Brain Education, cognitive development, and maximising potentials). In her spare time, she blogs on Forty, Fit & Fed, and Back to Basics.

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