Your children can learn a good work ethic by starting a simple small business.
Some children have the burning desire to become entrepreneurs at a young age. An elementary school age child may compete to sell the most candy during a school fund-raiser or set up a lemonade stand during the summer. This entrepreneurship training helps the child learn about money. Teach your 8-year-old simple ways to make money using a range of creative and practical skills.
Community Toy Swap
Guide your 8-year-old through the process of coordinating a community toy swap where kids in the neighborhood bring used toys to exchange for "new" toys from their neighbors. Ask that families pay a small fee to enter the toy swap. Parents get the benefit of saving money while their children get access to new toys. Make sure all toys submitted are in good to excellent condition. Your child can host recurring toy swaps as the seasons change, charging parents a membership fee with each event. The knowledge required to calculate the number of parents by the fees charged each season will help your 8-year-old develop his or her multiplication skills.
Author
Help your 8-year-old learn proper grammar and spelling by writing a book. Most children at this age can construct basic sentences and will enjoy the creativity involved in illustrating a book. In order to market the book effectively, ensure the book includes a positive message to spread to other children this age. Schools, community centers and churches will then become prospective customers of your child's book. You can have the book published using a self-publishing service, such as Lulu.com or iUniverse.com, and sell it over the Internet.
Selling Crafts Online
If your child loves arts and crafts, selling crafts in an online store can prove a successful venture. Jewelry, holiday items, soaps and candles are just a few of the items your child can make with little guidance. Help your child research craft websites, such as Etsy.com, to determine the best prices for his or her products. Diagrams, pictures and recipes are available in books at your local library to help your child make crafts that look professional.
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