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Experience - Business Encounters

Business Club

 

Our business club  idea has been created to help you get a business club together with other kids or adults and have some fun with business.  This can be your first venture into business or for the kids who have tried a number of businesses. 

You can use this approach for our Lemonade Stand Program,

Our book, "The Kids' Guide To Business" is a good way to get your business club started. It will provide you with lots of business topics to talk about.

There are no rules, just opportunities!

What is a business club?

A business club is a group of people who get together to talk about  business. Business clubs discuss developing a business, improving their own businesses, making investments in businesses or to just talk about business in general.

You probably haven't heard of business clubs for kids as it isn't as common as other youth club activities or sporting clubs.  There are lots of kid's clubs such as sports teams, music, scouts , guides, chess, crafts etc.  The thought of a club for kids is not new, but the though of a kids business club, as we are proposing it,  is quite new and different.  We hope it is an exciting opportunity for you.

There are investment clubs for kids and some business educational clubs that have demonstrated that there is interest from kids in business.

Why a kid's business club?

We think that a business club will be a good way to get kids involved in business, give kids valuable business experience and develop team skills which are essential in business.

As the TeachingKidsBusiness.com  website develops,  we are trying to give kids business related  experiences.  Business experience is something that helps you understand your own skills, helps you better understand opportunities, gives you the self-confidence to succeed and creates interest in you.  Business related experience can take many forms and it doesn't have to be a regular job.  

One of the most important things that any experience gives you is the skill of managing responsibility (responsible is - assuming duty).  If you really think of it, work/business/career is about taking responsibility for something, which means, you are in charge.  As you learn to take responsibility, you quickly find out that there are lots of things you need to learn to be able to do your  responsibilities well. 

 If you are a goalie in the sport of soccer (European football) then you are responsible for keeping the ball out of the net.  You learn how to stop the ball.  If you want to be a great goalie, then you practice, work  well as a team member, you develop skills and you play to your strengths and work on your weaknesses.  The same holds true in business.

The TeachingKidsBusiness.com Business Club idea has been developed to help you create a club and to  try  to create opportunities for you to take responsibility for something and gain some very valuable experience.   The responsibilities come from starting the club, participating in the club, taking a specific responsibility in the club and developing and managing your business.

How to get started in your Business Club

Your business club should  start with a basic understanding of business which can be found in our terminology section. 

  1. Make a list of people that you think might be interested in joining a business club and becoming part of your business team.

  2. Write out the idea of the business club to include  how often you plan to meet and how you plan to  develop and discuss your business. You can use the Kid's Idea recommendations  page in our resource center to help you write out what you are trying to do.

  3. Ask the people from your list  (contact list of people to talk to) if they are interested in joining a business club, if they know someone else that might be interested (networking), when they would be available and other things that are important to them.  Make sure the way you plan to run the business club  is ok with the members.  

  4. Once you have some interested people, plan your starting meeting (set a one page agenda with a listing of the things you want to discuss), communicate it to everyone (give them the agenda) and set a date to get together.  The first meeting can be about the reviewing business basics and product development. A helpful resource for you at this stage is our thinking page.

  5. When you get together,  figure out how best to work together (team work). Trial and error may be the best. Try one approach and see how it works.  There is no right or wrong approach as it depends on the people in the club.  You will start to discover management theories on how to run your meetings and your business. You can share some of your experiences with us in our "business cases."  We will help coach you on some different approaches.

  6. You may want to have each member put in $5.00 to $10.00 to cover any expenditures that you may need for supplies or research resources.  We have many resources available on our website, free of charge.

  7. When you meet, don't loose sight that it is not a dinner party or something the host has to spend a lot of money on. Keep it simple and even have kids bring a snack etc.  You can also have quick meetings at school, on the phone, e-mail or in chat rooms.

  8. You may want to give some though on how to raise money to set-up and advertise your business. One approach to consider is to develop a Red Herring for your potential investors.

  9. Your business club may want to investigate our Kids-Works-Ventures Program and work towards creating a "works" for commercialization.

  10. Your business club may want to look at our Kids Lemonade Stand Program.