Tuesday, July 25, 2006

Entrepreneurs

This morning, I had a meeting with a young man who is looking to become an entrepreneur. There was no business plan ready for review, but rather this was just a meeting to spitball some ideas and see if I was interested in capitalizing his idea. We discussed it for a while, I explained some terms he didn't understand and in the end, we agreed to continue the conversation after he has taken some time to put together a business plan for me to look at.

I wonder how many times I miss out on opportunities to teach my children. This morning, my oldest learned about business because he wants to sell donuts, lemonade and popsicles at an upcoming garage sale. Since he doesn't have enough money in his bank to make the initial outlay and purchase his stuff, so we went over his needs and all. Tonight he'll have his first opportunity to present a business plan and we'll see how he does!

I think he's probably most excited about having some leftover donuts, but this has been an opportunity to teach him about business!

2 Comments:

Blogger Suzan said...

How did the refreshment stand do at the garage sale? Was a profitable time had by all?

7:27 PM  
Blogger Pastor Tom said...

Actually it was not! My son, trying to love everybody, decided to sell the good doughnuts for $.50 and the plain glazed doughnuts were only $.25. The problem was he didn't run this thought by his mother or myself and his doughnuts cost him around $.30 each! That meant he ended his day $1.09 in the hole. We discussed the fact that business decisions should be run by Mommy and Daddy in the future.

8:15 PM  

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