Starting up a business can be an exhilarating and exciting experience for all involved. Plans are made, activities are organised, ideas are idealised.

Yet, the most important and difficult of tasks are often left to the last minute. This can pose as a problem particularly if such tasks are required for the efficient running of a business.

One of such matters, required for smooth sailing and addressed by Level 6 of the Kebloom Launch Box , is financials!

Not perhaps the most exciting part of the journey, but one of the most crucial. Young people must work out what costs might be incurred whilst maintaining business, as well as the initial costs of materials and other resources. 

This may seem daunting, yet on the flipside, young people get to think about the money they could be putting in their back pocket. Young people working together with you (the parent) can come up with a price for their goods and services, to then be sold to other like-minded young people.

This way young people can start to see the financial benefit of their enterprise, and how all the hard work can pay off in the form of money they’ve earned themselves!

Don’t sleep on this! Get involved today.