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His Dad Gave Him a Soda Machine Instead of An Allowance
This sounds like a great idea to try with your kids:
After a brief, failed experiment paying me to do chores, my dad tried something really neat. It clearly took a bit of legwork, but maybe there are some transferrable lessons for parents who want to lay an entrepreneurial foundation.
He gave me a vending machine.
He rented the machine, found a location in a local workshop, and installed it. And then he told me two things.
- That this would be the last time I was given allowance.
- And that if I wanted to have any pocketmoney next week, I’d better spend this week’s on some inventory.
Photo by bcostin.
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Angela Shupe on October 28th, 2011 10:24 pm
That does sound like a good idea, and it teaches a valuable lesson. A little more advice on business management might have helped him (showing him how to track profit/expenses, at least) get a little farther faster, but his dad still gave him an important lesson in managing money.
Business Ideas Expert on October 30th, 2011 5:56 pm
Your Dad really loves you
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