Proud Dad moment!

[rochie]

Well, he's just got his first cafe customer!
And making plans for a stall at the big Christmas market.

Looks like we're going to be making lots more cordial...

Here's to his continued success !=D>

 

[gumbyk]

Time to start teaching him about fixed and overhead costs. Let him figure out how many he has to sell to pay for the stall.

He's got something of a handle on these, he now has to budget for his registration renewal, etc.
He's also learning about supply chain risks - his honey supplier has lost most of her hives over winter, and the lemon tree that he was getting most of his lemons from has just died.

 

[jetcal1]

He's got something of a handle on these, he now has to budget for his registration renewal, etc.
He's also learning about supply chain risks - his honey supplier has lost most of her hives over winter, and the lemon tree that he was getting most of his lemons from has just died.

Good education. I hope he's seeing it as a challenge and a bit of a game instead of a stressor. It's supposed to be fun and rewarding at his age.

 

[gumbyk]

Good education. I hope he's seeing it as a challenge and a bit of a game instead of a stressor. It's supposed to be fun and rewarding at his age.

That's the thing we're having to manage. He's a bit of a perfectionist, which is good when it comes to things like cleaning, etc, but planning and things like that aren't always exact.

He's got his first audit next week, so we'll see how that goes.

 

[gumbyk]

Well, he's entered his first competition, and won his category: Now we're having to start to make some serious decisions about how fast and how large to grow this little project...

 

[MiTasol]

Congratulations to Devon and his "support staff"
Make sure you keep enough time to pop back here with regular updates

 

[Capt. Vick]

Handsome little dude as well

 

[vikingBerserker]

Awesome, looks like you have a nice little retirement plan heading your way.

 

[Gnomey]

Congrats!

 

[TheMadPenguin]

Chocolate! *claws table top*
How much for the chocolate? *drools in dreamy anticipation*
Does he have molds for casting chocolate cordials in the shape of GP bombs, or Tall Boys?

 

[gumbyk]

Chocolate! *claws table top*
How much for the chocolate? *drools in dreamy anticipation*
Does he have molds for casting chocolate cordials in the shape of GP bombs, or Tall Boys?

No chocolates here...

 

[jetcal1]

So, at the risk of sounding silly, please check if the local university has a business incubation group. They can give hands on education and possibly enable you to document what he's doing for college credit later on.

 

[gumbyk]

So, at the risk of sounding silly, please check if the local university has a business incubation group. They can give hands on education and possibly enable you to document what he's doing for college credit later on.

Funny thing is, he's too young to qualify for just about any form of support. Even the gifted and talented programmes have a minimum age of 12 for entrepreneurial programs.

But, one of the good things about being in a smaller town is that business organisations are willing to make exceptions. The local business development trust is just starting a networking group for 'young' business starters. It was aimed at 18+, but they're more than happy to make an exception for him.

 

[jetcal1]

Funny thing is, he's too young to qualify for just about any form of support. Even the gifted and talented programmes have a minimum age of 12 for entrepreneurial programs.

But, one of the good things about being in a smaller town is that business organisations are willing to make exceptions. The local business development trust is just starting a networking group for 'young' business starters. It was aimed at 18+, but they're more than happy to make an exception for him.

It's a good thing the musician, math, chess, etc. gifted and talented programs don't run age limits. Age limits for a "gifted and talented" would appear to be somewhat hypocritical in this case.

 

[gumbyk]

It's a good thing the musician, math, chess, etc. gifted and talented programs don't run age limits. Age limits for a "gifted and talented" would appear to be somewhat hypocritical in this case.

On the face of it, yes. But I'll reserve any opinion until I have a chance to talk to them about it. There are quite likely reasons I'm not aware of.
e.g. In most countries, although he owns the business, he couldn't be employed in it due to labour laws.

 

[MiTasol]

Some of those laws are truly necessary but a lot are pure unadulterated taurus turds.
I expect by this time next year you will have a lot less hair on you head

 

[gumbyk]

Some of those laws are truly necessary but a lot are pure unadulterated taurus turds.
I expect by this time next year you will have a lot less hair on you head

Oh, I fully understand and support the intent of those rules.

But seriously, I doubt authorities here would take any action. As long as he's not missing school without good reason (and I've had that conversation; they realise that business meetings, etc. are an acceptable absence/extra-curricular activity) no-one really cares. Besides, who will they prosecute, and 8 year-old? I don't own the business, I just work there!