Summary: With JJ Ramberg, host of MSNBC’s <a href="https://www.msnbc.com/your-business">Your Business</a>, co-author of <a href="https://amzn.to/2irR9JT">It’s Your Business: 183 Essential Tips that Will Transform Your Small Business</a> and <a href="https://amzn.to/2woMle5">The Startup Club</a><br> JJ Ramberg Tells How To Help Your Kids Become Successful Entrepreneurs<br> JJ Ramberg, the host of MSNBC’s <a href="https://www.msnbc.com/your-business">Your Business</a>, has written a new book called <a href="https://amzn.to/2woMle5">The Startup Club</a> which helps to teach your children how to become successful entrepreneurs through a fun, fictional story. JJ says she was driven to write the book using characters starting businesses for her three young kids—ages 7, 8, and 10—who are entrepreneurs with lemonade stands, dog walking businesses, and slime businesses.<br> The Startup Club<br> JJ co-wrote <a href="https://amzn.to/2woMle5">The Startup Club</a> as a work of fiction so kids can enjoy reading it, relate to the characters, get inspired, and learn from them. Before she wrote the book, she tried looking for a fictional guide for kids but found none and decided to team up with her co-authors to write one. She believes this book offers a real opportunity to teach kids about personal finance, basic accounting, business, and entrepreneurship in a manner that they can relate to, enjoy, and learn from. The book is available in stores across the country and online at <a href="https://amzn.to/2woMle5">Amazon</a>.<br> Warren Buffett As A Young Entrepreneur<br> Steve refers to Warren Buffett’s various jobs as a kid. He delivered the Washington Post newspaper (only to own it later!), sold used golf balls, sold stamps, and buffed cars. He also set up a pinball machine business and, by the age of 16, had saved up $56,000! Buffett apparently then told his dad that he didn’t really think he needed college, but his dad likely prevailed because Buffett picked up a B.S. degree and an MBA.<br> Why Early Entrepreneurship Is Important<br> JJ Ramberg believes these early entrepreneurial adventures are incredibly important to kids’ futures for two reasons. For one, they learn about money early in life, and statistics show that when parents talk to kids about money, children have far more success in dealing with money as they grow older. Their early lemonade stand ventures start to teach them the value of money, how to make it, how to save it, etc.<br> She suggests that parents take this a few steps further by using the right terminology and asking questions such as what their sales pitch is and how their signage uniquely represents their marketing strategy, pricing, product or service differentiation, etc. In so doing, parents setup a mindset that will help their children throughout their lives.<br> JJ sees entrepreneurship as not just about starting a business but about finding solutions to problems in a way that appeals to consumers. So, developing business skills early is incredibly important, and <a href="https://amzn.to/2woMle5">The Startup Club</a> helps kids with that.<br> Play Business Games With Your Kids<br> JJ Ramberg also plays fun business-oriented games with her kids such as seeing an empty storefront and asking them what store they’d put in its place and why, what they’d sell, at what price points, etc., to help them figure out if their original idea was good or not.<br> In answer to Steve’s question on teaching this to communities that do not have a culture of mercantilism, JJ believes basic courses on personal finance and entrepreneurship for kids are really fun and should be part of the school curriculum.<br> Learning About Failure<br> Steve adds that failure is a natural part of entrepreneurship and the human experience, and learning about failure in the early years is important because it sets realistic expectations, encourages learning from failure as a framework for future success...
