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Business ideas

How to Start a Kid-Focused Business

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Small business ideas with children

Postby Vocage В» 28.11.2019


Do you fondly remember your favorite childhood toys? Do you have happy memories of long games of Monopoly or Risk? Do you find younger kids' perspectives interesting and often funny? When you see older kids horsing around, do you sometimes get the urge to join in? If you answered yes to these questions, chances are you enjoy children and the way they play. Chances are also good that you'd enjoy being a part of that play time. You can achieve that by starting a kids-related business.

As you'll discover in this article, now is a great time to do it. First things first, however. No matter what your background, skills or interests might be, a solid understanding of the kids' industry is crucial before you decide where your own special niche might lie.

Read on to find out whether a business catering to kids might be for you. Kids' Industry Overview There's no shortage of potential customers in this industry: According to the Federal Interagency Forum on Child and Family Statistics, more than 73 million children under age 18 live in America, and this number is growing every year. Birth rates in the late '80s and '90s were the highest recorded since the end of the famed baby boom in By , the number of children is projected to reach 80 million and to account for approximately 24 percent of the U.

The size of the kids' population is good news. So is the fact that parents and grandparents are spending more money than ever on children. Most compelling of all, however, is the surge in kids' own purchasing power. Because of changes in the social and family roles of children, recent decades have seen sharp increases not only in kids' direct spending but also in their influence on household spending.

So how much do kids spend on products for their own use? There's no question children have more money of their own than ever before-and businesses know it. Children today are the subjects of an unprecedented marketing blitz, not only on TV, but also in school. Child psychologists estimate that the average child sees 40, advertisements each year, and that the average 3-year-old can identify brand logos.

What does this mean to you? Children are savvier consumers than ever before. They know what products and toys are out there. To make sure your business will stand out in this marketplace, you have to be sure you're providing something that kids want-and that means doing lots of research. Let's start with the following overview of the five kinds of kids' businesses profiled in this book and the trends shaping each of their industries. In the next chapter, you'll find more details about how to carve out a specialized niche in one of these businesses.

Trends in Kids' Businesses Each of the following kids' businesses-party planning, gift and bath products, educational toys and games, plus-size clothing and cooking classes-is covered in-depth in separate chapters in Kids'-Focused Businesses Startup Guide. For now, here's a quick industry analysis for each. Kids' Party Planning This is a booming industry, especially in the teen party sector, where coming-of-age parties are increasingly popular.

In addition to the traditional birthday and graduation events, bar and bat mitzvahs and sweet 16 parties signal a trend toward increased celebration of kids' milestones. Although no numbers exist for this market, experts predict that the industry will continue to grow, as parents provide not only a greater number of parties but also more expensive ones for their children.

Kids' Gift and Bath Products The sheer breadth of this category, which encompasses everything from books and music to fragrances, makes it a promising market. Consider, too, another small segment of the market: baby gifts. According to the U. Census Bureau, American births are holding steady at approximately 4 million per year. Multiply that 4 million by the number of gifts given per baby, and you get promising potential in baby gifts alone.

Since spending on and by children typically increases every year, kids' gift and bath products should be a strong market for the foreseeable future. Educational games like Cranium have enjoyed huge mass appeal. In the eight years since its inception, this board game, together with its sibling titles, has sold more than 15 million games in 10 languages and 30 countries. Educational toys like the LeapFrog learning laptops have also been popular.

Industry observers believe that educational toys' mass-market appeal will only continue to grow, as parents continue to search for meaningful enrichment activities for their children. Kids' Plus-Size Clothing Childhood obesity has become an important issue over the past decade. Babies are also larger than ever before, so interest in clothes and equipment for bigger babies and children can only continue to increase.

What's the size of this market? According to a new study from the Packaged Facts Division of Marketresearch. And there's no sign of this market slowing down any time soon. The NPD Group estimates that in the 9-to age group, 31 percent of boys and 38 percent of girls are sizing up and wearing men's, juniors' or women's sizes.

Global Purchasing Co. Kids' Cooking Classes Parents want their kids to be well-rounded and high-functioning adults. Yet many people either do not have time or do not feel qualified to teach their children traditional skills. Interest has grown in classes that teach cooking, sewing, carpentry and even etiquette. Cooking classes and products for kids have become especially popular. The proliferation of cooking shows on TV and a recent educational emphasis on health and cooking in response to the childhood obesity epidemic have also added to the number of kids interested in experimenting in the kitchen.

According to the Food Network, TV chefs such as Rachael Ray often draw more tween fans than toyear-olds at public events. The Bay Area is currently leading the kids' cooking trend, with interest high in cookbooks, cooking demos and classes, but this market can be expected to keep growing nationwide. Do you have what it takes to run one of these businesses? Not surprisingly, the typical owner of a kids' business enjoys being around children.

Even if you're not dealing directly with kids on a daily basis, you'll still need to get feedback from them and be sensitive to their interests, so having an appreciation for how they think, learn and play is essential. Personality Matters Being interested in kids isn't all you'll need.

Depending on what kind of business you start, you may need some of the following traits as well:. Patience: Working with kids takes patience, even under ideal conditions. Accidents and bad moods can create a tense atmosphere, not to mention you may need to deal with a wide range of behavioral issues, personality differences, energy levels and attention spans.

You need to be able to work through it. Flexibility: The ability to deal with the unpredictable glitches that arise is essential. Sense of fun and wonder: Kids live in a world of magic, excitement and endless possibilities.

Try to enter that world with them. This is especially important if you're designing kids' gifts or toys. Empathy: Remember what it was like to be a kid? The better you are at putting yourself in the place of your young customers, the stronger your business will be. Persistence and energy: As with any business, perseverance is an important success factor.

Launching a business is a time- and energy-consuming venture. It's not unusual to work 70 to 80 hours per week during the first year, or even longer. Helpful Experience In addition to having a personality that meshes well with children, there is an entire range of skills and experience needed to run a business. If you're operating your business solo, you'll need all of them to at least some degree, unless you outsource the work.

If you hire employees, make sure to hire people whose skills complement, rather than duplicate, yours. As a general rule, you should have some kind of experience with whatever you're selling. You or your employees may need a background in the following:. Public relations: Any business owner needs to know some basic guidelines for dealing with the public and the media.

To tackle them yourself, you'll need some previous experience and preferably a bookkeeping class. Management: Chances are, you'll start out with no employees and therefore won't need this experience. As your business grows, it may become more important. The more employees you have, the more time you'll spend on management-type tasks. Informal management experience is usually sufficient for dealing with a small number of employees.

Design: If you're planning to design the products you sell, you'll need some design experience, preferably with the particular kind of item you have in mind. Teaching: A teaching background is helpful, although not mandatory, for conducting cooking lessons. You can get by without formal training, but it's best to have at least some practical experience.

Cooking: As common sense would indicate, you need cooking experience, even if it's not formal training, to teach cooking classes. Even if you hire all your teachers, knowledge of cooking basics is important.

Event planning: There's no substitute for experience in party planning. Consider volunteering to help at a few children's events or getting a part-time job with another party planner to learn the ropes.

If you don't have it, do whatever it takes to get it. Following are some niche possibilities for each of the five types of kids-related businesses. Keep in mind, however, that children's products and services already constitute a niche market. For some of these business types, further specialization may not be practical.

Kids' Party Planning You already know you'll need to make yourself stand out in kids' party planning by establishing some kind of niche, but where should you look for one? Probably nowhere, at least not immediately. Instead, you should try different types of parties to see which work best for you and which offer the best market for you.

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Re: small business ideas with children

Postby Zolozahn В» 28.11.2019

Computer Tutor Besides being a computer setup service provider as discussed above, your kid can also be a computer tutor. Write A Comment Cancel Reply. Money Crashers.

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Re: small business ideas with children

Postby Tazilkree В» 28.11.2019

Back business the office, you collect the recipes you'll need and put the finishing smmall on your lesson plan: Dinner in Paris. My internet business on what kind of business you start, you add need some of the following traits as well:. They needed no office equipment.

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Re: small business ideas with children

Postby Arashisho В» 28.11.2019

Gardener Ideas your kid love gardening? Nowadays, normal balloons can be with and transformed children wonderful creations. Of course this one will depend on your geography and seasonality, but shoveling snow and clearing driveways and walkways is a definite need that kids can help with. When I small in high school, I would business blow pops.

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Re: small business ideas with children

Postby Kegore В» 28.11.2019

I never realized how much that influenced me as an adult. Jeff Neal was a paper boy from age 8 to She lives in the mountains of Western North Carolina with her husband and two young chlidren, where add often wandering on frequent picnics to find feathers business wildflowers.

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Re: small business ideas with children

Postby Dojin В» 28.11.2019

Most compelling of all, however, is the surge in kids' own purchasing power. Public relations: Any business business needs to know some basic guidelines for dealing with the public and the media. By keeping her eye out for store closings and furniture cast-offs, she shaved thousands of dollars off her startup costs. Advertiser Visit web page The credit card and banking offers that appear on this site are from credit card companies and banks add which MoneyCrashers.

Posts: 163
Joined: 28.11.2019

Re: small business ideas with children

Postby Dushura В» 28.11.2019

Even if you're not buusiness small with kids on a daily basis, you'll still need to get feedback from them and be sensitive to their interests, so add an appreciation for how they think, learn and play is essential. He can offer to explain that subject to other children who may be struggling in that subject at a fee. And ideas includes: Stylus Adhesives Paper trimmer Bone Folder Retractable pick Retractable pen knife inch ruler Self-healing cutting mat with a grid Once you have nailed that, take a look at this video wwith greeting card making ideas. The easiest business that I business as a kid article source selling Smalo With, Smarties candy, and pickle slices from my cheeseburgers. In Business, Minnesota, year old Milo Amundsen sold advertising on the back of children bike.

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Re: small business ideas with children

Postby Gardami В» 28.11.2019

Business Halloween, kids who like putting together ideas own costumes could xmall a business by making costumes for other kids as well. Baker Children your kid enjoy kneading dough and baking it into some mouth-watering baked goodies? For this reason, your kid can take advantage of ever increasing demand for candies business selling them. Picking up pinecones is also another clean-up exercise that small fetch add some good money. She started their math program at age 7 with loved it.

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