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Bright Start Program

Benefits of starting a business





How to Enter:
 
Take a photo or create a video for FORUM Credit Union that represents your business. Email your photo to Offers@forumcu.com or upload your video to your YouTube Channel, then send the URL to Offers@forumcu.com


For more information, see Bright Start's Official Rules. Want to see last year's winning videos? Click here.



Resources
Getting started as an entrepreneur can be simple or complex based on the nature of the business. However, to be a successful business owner, there are several steps that need to be taken.
 
Step 1: Idea
The first step to any business is to come up with an idea. Children can start a business by expanding on their talents and interests or by simply targeting an area in which they want to make money. Some business ideas based on ages are:
 
Ages 8-14
Pet sitting
Art skills – crafting, painting, scrapbooking
House work – painting, cleaning
 
Ages 15-19
Tutoring
Babysitting
Lawn mowing
 
Step 2: Marketing
Depending on the business idea, marketing can simply mean finding a customer through friends and family. For older kids, it may be passing out flyers, using social media to showcase their products, and even business cards.
 
- Flyers 
- Business Cards 
- Social Media Presence 
- Word of Mouth 
 
Step 3: Administration
Running a business can seem pretty intimidating for anyone, and like any new business owner, children will learn from their successes and mistakes. Most children can easily run a small business with the help of an adult. For more robust businesses, it would be important to:
 
- Make a Business Plan 
- Track and Manage Expenses 
- Keep a Customer or Client List 
 
Step 4: Financial
Once a business has been established, it’s important for children to have a plan for the money they make. A great and easy concept to teach kids is the Three Money Principles of Save, Spend, and Share.
 
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