Franchising for kids
It appears you can never be too young to learn the lessons of business and money.
Florida-based FranChild is providing children with a chance to earn extra pocket money by launching a mini franchise business.
Kids are no longer limited to a lemonade stand. FranChild featured kids have created ventures in;
- Soap in varieties of honey, citrus, peppermint and tea tree.
- Beeswax candles.
- Jewellery that includes rings, earrings, bracelets and necklaces.
- Apparel, specifically organic cotton shirts.
FranChild aims its franchises at children aged five to 15, with a standard membership to the program beginning at $US25 a year. Included are ready-to-go business cards, marketing ideas and newsletters. Franchisees will also have access to the $75,000 FranChild Resource Centre, which is a small business incubator of sorts. Kids can then begin purchasing inventories of stock to sell on.
For an extra $2 per month, members have the option of launching a website through FranChild.
FranChild describes itself as: “A story about a dad and mom helping their kids learn about business, and sharing that knowledge and success formula with anybody who wants to do the same thing for their child.”