3 Kid CEOs – Is This Really A Good Thing?
We all want our kids to be successful, but what happens when they are more successful than you could have ever imagined, even while they are still kids?
Suddenly, selling those girl scout cookies leads to starting their own bakery business. Having to raise money for a mission trip turns into a project that is so high in demand they have to work their little tails off to fulfill all the orders. Is this really good for our kids?
Before too many people think I want to squash the entrepreneurial spirits of our smallest citizens, I want to be clear that I do think it’s a good thing- with some caveats. Children need to be able to still be children. They need to laugh, learn, play and take the time they need to really grow up. There will always be time to take their entrepreneurial tendencies to the next level when they are older.
With that being said, some of these kids are just plain awesome!
Take 13 year old Leanna. She owns her own website at http://www.leannashair.com. She creates hair formulations based on an old family recipe and sells them to people all over the world. Leanna is able to bring in about $5,000 a month and expects her profits to increase substantially over the next year. Of course, this wonderful success does not come without its downsides.
“Leanna works seven days a week to keep her business going. On weekends, she makes and packages the products at home with her parents’ help.
During the week — after completing her homework — she packs boxes for the orders she receives daily on her website.”
It’s an incredibly good thing that Leanna found her niche at such an early age! It’s amazing even. Still, I can’t help but get a touch of sadness that instead of looking forward to going to ballet class or soccer practice, she often stays home to package boxes.
Obviously, her parents seem to have a good sense of what Leanna wants, and she seems wise beyond her years, but I don’t think it would be a bad thing if the family outsourced more of the packing and production so Leanna could oversee that, but still be a kid at the same time.
Leanna isn’t the only one with a taste for business at an early age. Alexis Holmes is another young girl who has successfully started her own business. Alexis learned how to bake from her Godfather. She got the idea of selling her treats to help raise money for local charities.
This is astounding -within two months of starting her business she generated revenues of $20,000! That’s enough to make struggling adult business owners cry. Alexis cites her mother, anther business woman, as being her biggest inspiration. The good news in this case is that she hires other young people to help out with the business, which is great because these are generally kids in crisis who benefit from having this positive opportunity in their lives.
Yet another young CEO is Christina Pendleton. She started out wanting to raise money for a mission trip. Christina made and sold candy, and business really took off! The orders started pouring in even after she came back from her trip. Christina is a high school senior, so it’s a great thing she’ll have this extra money for college.
All three of these young women have accomplished so much at a young age. Still, it’s important to remember that they have their whole lives ahead of them to be worried about making money. For now, the focus should stay on being young, having fun, and fueling their passions because adulthood will be here before they know it. It’s hard not to get jealous that they have it all figured out at such a young age though.