My First And Second Businesses By Crispy Jr

crispydoc Uncategorized 10 Comments

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.

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      Ha! I figure enough sharpened sticks and berry-filled balloons and he’ll be able to pay for it himself.

      As an aside, there was this entrepreneurial kids in my 7th grade math class, Fred, who sold the other kids itching powder ( a mixture of talcum, salt and glitter, sold for 50 cents a packet). When the algebra teacher required us each to turn in notebooks describing the principles we’d learned, Fred created one on his then new Apple IIe computer that he’d sell you for five bucks a pop.

      I recall our Algebra teacher, Mr. Slater, announcing to the entire class with an air of resignation that any students who had not yet done their notebooks could buy a real beauty from Fred, he reckoned it would get them a B- if they personalized it a little.

      I googled him late one night and found Fred’s linkedin profile – district manager of sales for a multinational electronics company. Prior work as a drug rep. Some skills, developed early, translate well into adulthood.

  1. Crispy doc this was amazing! Are you sure this is from a 3rd grader (and not an ER doc (who in a previous post was hinting of a new venture)? Lol

    Wow. At 3rd grade the kid has got some serious business acumen. Selling sticks for $1? Brilliant.

    Too bad the squishy thing didn’t take off. I have no idea how they got so popular. My daughter has quite a collection of these things which are essentially toilet seat rejects cut into shapes and someone drew eyes on it.

    Looks like you have the makings of a mogul on your hand. Nice story

  2. Learning about profit motive and markups at a young age. Mark Cuban sold shoelaces door to door when he was young. He’s also resourceful and knows the importance of sourcing cheap (or free) inputs.

    Does he have a stated intention for the proceeds? Reinvest in another business venture? Or is he looking to generate enough money to buy something bigger for fun?

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