Great questions Perry. Yes, Yes and Yes.
Entrepreneurs driven by GREED?
Whatever each entrepreneur’s motive…apparently, they are twice as giving as people in the same income brackets all the way from the poor to the wealthy.
Why are business owners not portrayed more favorably in the media?
My son has become interested in business at a very young age (he’s 6 right now) and I would like to introduce him to inspiring stories of young entrepreneurs to give him ideas.
A little background. My son, of his own accord, has successfully sold his jokes by giving 1 for free and charging a $1 for more. He set up a toy sale out by the driveway at 5. He asks questions about the difference between Walmart’s and Apple’s margins. He hires his sisters (with his Halloween candy) to do work for him to make more money. This is a greater level of interest than his Dad for his age.
I want to encourage his interests in business and need some help.
We recently read of James C. Penny (founder of J.C. Penny) who set up a watermelon stand near the fairgrounds (his Dad scolded him for taking advantage of those within the fairgrounds who paid for selling permits). We read of Orville Wright and when he partnered with his 8-year-old sister to collect scrap iron from the neighbors and sell it to the junk yard (they had a bully attach them when they took the metal to the yard). Great stories.
This morning it occurred to me that if we could read together inspiring stories of young entrepreneurs, then it would give us both ideas.
Particularly, he wants to sell something this year for a project and has discovered from his toy sale (that only earned him $0.25 because he did it on a country road with little traffic) that he needs to find something he can sell and a place with more people to sell it. He needs ideas.
So, what are your favorite child entrepreneurial stories that my son and I can share together?
– Something a famous entrepreneur did when s/he was a child (famous examples).
– Something someone close to you has done that was interesting (non-famous examples).
– Stories you’ve heard as alternatives to the lemonade or toy stand (perhaps ideas that could work for a boy who lives in the country).
– Any children who’ve created very successful enterprises.