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Girl-Preneur Power #1: The Benefits and Challenges of Business

The following is a transcript for Girl-Preneur Power, episode 1. For the video and more resources, visit http://girlpreneurpower.com.


 

Hi and welcome to Girl-Preneur Power, a short series that we're putting on to teach you how to grow your own kid-business!

My name is Stacia Guzzo from Handcrafted HoneyBee. This episode is all about the benefits & challenges of growing your own business.

Now, why would you want to have your own business in the first place? Well, there can be a lot of awesome things that happen when you have your own business.

For example:

  1. One of the benefits of having your own business is learning how to do new things.
  2. You get to make money and learn how to spend it smartly.
  3. You get to learn how to make new things!
  4. And you get to learn how to put some of that knowledge that you get from school into use in real life.
  5. And you get to learn how to do things that kids your age rarely get to do. For example, you might have your own website and sell your products online, or write your own blog. You might even get on the covers of magazines and travel internationally. In fact, I have a kid-preneur that I'm going to introduce to you at the end of this episode that I'm sure you'll want to know more about.

And did I mention? You get to make a little bit of extra money, which is always pretty awesome!

But now let's talk about a few of the challenges:

  1. The first challenge is that it's going to take time. Running a business takes time no matter how you cut it. You're going to have to put in time to make the product. You're going to have to put in time to sell it. You're going to have to put in time to let people know about it.
  2. The second challenge is that it also takes money. So even though you're going to make money, you're going to have to have a little bit of money to start. Where are you going to get that money? It's something to think about. You're going to have to buy your raw materials. You're probably going to have to buy things like copy paper to put up flyers or send out letters to people to tell them about your business. So that money's going to have to come from somewhere.
  3. Building a business takes work. Plain and simple. And that's ok, because if the benefits that I talked to you about earlier… learning new things, having new experiences, and of course, making a little bit of money on the side… if those benefits are worth it to you, then building your own business won't feel as much like work. Work and fun can happen together.

If you think that you're too young to run a business, think again. I'd like to introduce you to a couple of girls who might inspire to you get started right now.

Meet Aleena. She's 12 years old and runs a charitable business called Aleena's LemonAid. Aleena has been recognized by her community with awards. She's donated hundreds, if not thousands, of dollars already to Phoenix Childrens' Hospital. And she's hosted an entire conference. All by herself.

To learn more, visit: http://www.handcraftedhoneybee.com/aleena and you can read more about her story.

There's another girl-preneur I'd like to introduce you to. This one has traveled the world to speak, has been on cover of magazines, and has had her products carried by national retailers. Oh, did I mention she's 16 years old?

CEO Zandra is the owner of Zandra Beauty and she's one of the most inspiring teen-preneurs out there. Learn more about her story at: http://www.handcraftedhoneybee.com/zandra and you'll learn how she got started making lip balm, just like we're going to in this series.

Now that you're feeling inspired, let's talk a little bit more about the other things we're going to be covering in this series. We're going to be giving you the tools that you'll need to get your business up and running.

We're going to learn:

  • how to price your products
  • how to name your business
  • how to market your products so that other people know about them

The example that we'll be using in this series uses a lip balm kit from Handcrafted HoneyBee. You don't need to use one, but if you'd like to follow along or make lip balms like we'll be talking about, you can get your own at: http://handcraftedhoneybee.com/lipbalmkit

No matter what, I'm looking forward to seeing you throughout the series because I think we're going to have a LOT of fun.

Now, what's up next? In the next episode, I'm going to teach you how to learn the cost of your product and how to set a price that will earn you money and that people will also purchase.

For notes from this episode, and to get a free downloadable checklist to help start you on your way, head on over to: http://www.girlpreneurpower.com

We'll see you there, and we'll see you next time!

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