Hi, my name is Anya and I’m mum to Eddie (8) and Dylan (6), who have set up this business.
Ever since my eldest was born I wondered how to give him the financial freedom without spoiling him. You see, I have always been one of those parents who didn’t want to pay for chores… because I saw so many kids ask their parents to pay for everything afterwards. I didn’t want to pay for good marks at school either, as I wanted my kids to learn because they wanted to not because of an external motivator. And I felt that giving them a weekly allowance was not right for our family either…as what’s the right amount? So, after speaking to lots of parents and checking with my kids it seemed that opening their own business was the best way forward.
My kids were not too sure how they felt about it as they didn’t really know what business was. So, we started with the basics, what’s a business? What’s a logo? How do you pick a name and how does it link to the URL…or, and what’s a URL? They had a million and one questions and lots of different business ideas. But by the time my kids started Kids Venture Box (which is their 4th business), they knew all of those concepts, they replicated the steps we have done with other businesses and focused on the new challenges.
Apart from earning money, I have noticed that my kids also have a lot of respect for money now. They know if something is overpriced. They also don’t ask me to buy them little toys anymore – they have their own money to spend. And, they see business in a different light, which usually results in a lot of questions. I still remember the first time they asked me about “profit margin”…it was a very proud day for me ☺