5 steps your child can take to start their business

5 steps your child can take to start their business

Getting started: Your child's business

There are many things to think about when anyone starts a business, and this can definitely be overwhelming at times, especially for young entrepreneurs. 
No worries though, we’ve got your child covered with 5 main points they can focus on to get started and tech tools to aid them each step of the way.
Usually starting a business requires
  1. Verifying the problem your want to solve with your business
  2. Creating the solution with your business to solve said problem
  3. Come up with a plan to grow your business
  4. Become official with an LLC
  5. Create an online presence starting with a website

Get the Top 5 Resources Kids Use to Learn Code

These resources are organized by cost, difficulty level, and learning style to help you choose the right one.

1. Verifying the problem your business solves

The first tech tool on the list is Google scholars. This is a great tool to help your child find reputable and trustworthy research that validates the problem they want to solve with their business. You can find scholarly articles in regards to almost anything and it’s free to use!
There are a few things we’d like to share before you get started with Google scholar. First, after your child makes their search, we recommend choosing research that has been published within the last 5-6 years. A general rule of thumb is any research that is too old might not be relevant. They can filter this on the top left of the screen, there will be dates there.
Second, we recommend reminding your child not to get discouraged if they don’t find any relevant information on the first page of the search. When it comes to research, sometimes we have to dig, so it might take them looking through a few pages to find information they need. 
How to get started:
  1. Go to scholar.google.com
  2. Type in the topic they want to search 
  3. Click the magnifying glass icon
  4. Choose the date on the top left
  5. Get digging

2. Creating a solution

The second tool is Invision. This tech tool is great for brainstorming ideas & prototyping. Did we mention that it’s also free? They have paid for plans, but for young entrepreneurs who are just starting, this is a can’t miss tool.
Not sure how to outline your child’s ideas? They have templates for that. 
You have a solution and want to organize the step by step process on how it will work for your customer from start to end? They have templates for that too.
How to get started:
  1. Click on this link to go to Invision
  2. Create a free account
  3. Click on create freehand
  4. Use a template or build your own

3. Creating a business model canvas

The third tool is Miro. Miro provides a template you can use directly online and they have a free plan your child can get started with right away. 
A business model canvas helps you visualize the foundational parts when you start a business such as
  • Who is your target customer
  • What is your value proposition
  • How will you reach your customers
  • Cost structures
  • Revenue streams
  • And more
How to get started:
  1. Click on this link Miro
  2. Click on “use this template”
  3. Create a free account
  4. Start filling in your business model canvas

4. Getting official with an LLC

The fourth tool is LegalZoom. There are usually filing fees that go along with starting an LLC, depending on the state you file in, it may vary. 
Do you need an LLC? 
“No, but you might want one. Forming an LLC helps protect your personal assets. It also unlocks the ability for you to open bank accounts, enter into contracts, hire employees, and get business licenses and permits.” (Legalzoom)
How to get started:
  1. Click on this link LegalZoom
  2. Choose a name for your LLC
  3. Click on “check availability” and follow the steps

5. Building your website

There are actually 3 tools for building websites that we recommend depending on a few scenarios. If your child is a beginner with building websites and has a business that doesn’t sell physical products, we recommend Squarespace. It’s not as easy as Wix or Weebly, however it allows for more flexibility to your child’s creativity.
If your child is more experienced and has used website builders before, we recommend using Elementor. There is a learning curve to this builder, however this is a website builder that will allow for full flexibility of any ideas your child has and wants to communicate. 
If your child is selling physical products, we recommend using Shopify to build their ecommerce store. 
Squarespace and Shopify offer free trials that merge into paid plans. And Elementor offers a free plan among their paid plans. 

Taking action

These 5 steps alongside the tools will definitely help your child get their business off the ground. If they have been procrastinating getting started because it has been overwhelming and unclear as to where they should start, this is their sign! 
We have a bias for action here at LogoLife, and want to share that with you. Get started, take the first step, learn from your experiences. The future is bright. 
Let us know what you want to read about next!

Get the Top 5 Resources Kids Use to Learn Code

These resources are organized by cost, difficulty level, and learning style to help you choose the right one.


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