What can we do, Mom?
A familiar question, but also an invitation to jump-start creativity! When children ask, the time is ripe to encourage and inspire activities that foster financial literacy. An investment, in the long run.
Wendy Halperin's picture book Once Upon a Company . . . A True Story, answers the question with a tale, but not a tall one. A real one. Over the span of six years, the enterprising achievements of three siblings net $16,000. At his mother's suggestion, seven year old Joel along with sisters Kale and Lane, use a wreath machine, a neighbor's left-over pine branches and a can-do attitude to launch The College Fund Wreath Company. Mom and Dad, grandparents, aunt and uncle, cousins, all join in to keep the venture moving along. Halperin's signature watercolor and colored pencil illustrations in a storyboard format depict the step by step process of beginning a family business.
Find out how a rainy November afternoon with nothing to do becomes an opportunity that mushrooms into a hands-on lesson in entrepreneurship. Are the concepts profit, expenses, promotion, distribution, and sales beyond a child's threshold? Not when the learning is experiential. Halperin's book contains a glossary of financial terms used in creating and growing a small business.
Other books for youth at the Virginia Beach Public Library which encourage entrepreneurship are: Entrepreneurship: Create Your Own Business with 25 Projects
The New Totally Awesome Business Book for Kids: with Twenty Super Businesses You Can Start Right Now
And for moms and dads: Raising Can-Do Kids: Giving Children the Tools to Thrive in a Fast-Changing World
Right before Christmas I stopped by Cromwell's Produce in Virginia Beach. It was fun to see Elizabeth Cromwell making fresh pine wreaths using a wreath machine! Her dad inset the wreath machine in a wood base and taught her to make the wreaths.
Review by Sandi H.