Work is just for adults, right? Wrong! Many kids are making big bucks with their creative ideas and Ocoee resident, Menu Hamlett is no exception.
Menu is an 11-year-old with plans to open a bakery one day. And not just any bakery – Menu wants to cater to vegan, gluten free, allergy and non-dairy diets. But why wait till she’s a grownup?
According to local Accountant Wendy Byrd, people can start their own business at any age. Your ideas, talents, and even chores can make a great business. Byrd has a few tips that may help Menu and even the entrepreneur in you!
#1- The Big Idea:
Brainstorm and consider all of the things you love to do. The business name is an important factor – it’s necessary for people to immediately know what service you provide.
#2- Pick an Audience:
Starting off, menu’s audience would probably be people with dietary restrictions.
#3- Others Like You:
According to Wendy Byrd, for Menu’s Bakery – her immediate competition can be found at a local market. Wendy recommends that she connect with someone at a bake-stand to interview them about their company. “Because you know what most people like to talk about the most; themselves.”
#4- Finalize the Details of Your Business Plan:
To ensure the growth of business all company starters must have a business plan. For this you can use your research to create a valuable tool highlighting goals and steps to achieve tasks. Online tools include liveplan.com and the U.S. Small Business Administration at sba.gov.
#5- Buying Supplies:
Menu explains that she may need all kinds of natural baking and ingredients and supplies to start her inventory of goods.