Last week my three older children (ages 9 to 11 years) approached me to discuss the possibility of earning their own money during spring and summer break. Yes, it’s a bit early, but I admire their determination and willingness to plan ahead. My 9-year-old twins plan to speak to my uncle about helping out with his yard and around his barber shop. My 11-year-old daughter is interested in helping with my home business because she’d like to learn more about earning money online.
This pleases me. While her career goal as of the writing of this post is to become a defense attorney, I quite like the idea of my 11-year-old working alongside me, learning about entrepreneurship. She could earn some pocket change, learn what she needs to get her Praying Mantis blog off the ground, and I could always use the extra help. There are many benefits of hiring your children to work for your home business:
1. It can help develop a strong work ethic.
When you give your child small duties to complete, she learns about being responsible and understands why it’s so important to be reliable by meeting established deadlines and keeping her word. Children will understand the “domino effect” that can result from not following a project through to completion. On the other hand, your child can also experience the glowing sense of accomplishment that comes from seeing a task through from start to finish.
2. It can teach valuable, marketable skills.
Your home-based business can be a place where children of all ages provide practical help with daily tasks as well as learn about the various aspects of running a home business like research, blogging, web design, maintenance, maintaining inventory, marketing, advertising, administrative tasks, and much more. These skills can be very valuable in the future whether your child decides to work for someone else or himself.
3. There are tax benefits.
Hiring your kids to work for you works like hiring contract workers or freelancers – it’s considered a tax-deductible business expense. Each state’s laws are different, so it’s always a good idea to consult with an accountant to make sure you understand and meet the requirements for your state.
4. It can build self-confidence.
Your child will enjoy feeling as if he is a part of your business success. It can be a real confidence boost to know that something you did – whether it was something as simple as sticking address labels on direct mail envelopes or reorganizing the file cabinet – helps keep the business afloat.
5. It teaches self-reliance.
Most children in our society are taught that the road to success begins with finding the right employer; but it’s good for them to know that entrepreneurship is another option they can pursue. Hiring your child gives her actual hands-on experience as to what it takes to run a small business from home so she has a clear understanding.
6. It can teach them to use technology responsibly.
There’s nothing new about online predators targeting children through the Web. If you spend any amount of time online managing your email, website, blog and social media networks for your business, you can use that time to teach your children about protecting themselves online. I show my daughter how to delete old messages in my email account and show her examples of spam and other unsolicited messages that could cause harm to our computer or compromise the security of my business. My children are too young to participate in social media, but I show them how I utilize these sites for business and effectively ignore unwanted attention.
So, what do you think? Will you be hiring your children to work for your business? Please share your thoughts in the comment section below!
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