A few weeks ago I found my son packing several balloons into his backpack. When I inquired what they were for, he informed me they were part of his business, and showed me his ledger of clients. It turned out this was his second venture as an entrepreneur. Crispy Jr was kind enough to allow me to interview him for the site. I typed his answers below in real time, so the spelling is mine but the words are his.
I am a boy in the third grade. I like architecture, science, math and reading. My favorite book series is the Harry Potter series.
I got interested in business because first of all I wanted to have some money in my wallet. I like making things.
I started my first business this year. I had three people working for me.
I got them to work for me because I offered them money for the job.
Their job was to make different original creations.
For example, they would sharpen sticks.
I would usually sell the sticks to anybody who had money and wanted them. My customers were usually second or third graders.
They usually paid 50 cents to a dollar for a stick.
The deal was that we had to split the money we earned equally.
I made maybe three or four dollars from my stick business.
My second business was selling mini-squishies.
A squishy is something that feels good to the touch. They are normally made of foam rubber. They cost about like three to ten dollars each in a store.
My squishies were balloons filled with berries I picked from a bush in our yard or from school, but you couldn’t eat them.
I was selling these by myself.
I would make like three squishies a night and bring them to school the next day and sell them. I priced them at ten to twenty cents.
The balloons were left over from birthday parties. I found them in our closet downstairs. I did not have to pay for them.
I made sixty cents from this business. I quit because I wasn’t making enough money and nobody would buy them any more.
I have a tip for people who start businesses that are little ones: When you start the business, you’ll get a lot more money than when it starts to get old.
When they get bigger, that’s a different story.