REALLY good (though not cheap) idea for teaching business to a child.
After a brief, failed experiment paying me to do chores, my dad tried something really neat. It clearly took a bit of legwork, but maybe there are some transferrable lessons for parents who want to lay an entrepreneurial foundation.
He gave me a vending machine.
He rented the machine, found a location in a local workshop, and installed it. And then he told me two things.
1) That this would be the last time I was given allowance.
2) And that if I wanted to have any pocketmoney next week, I’d better spend this week’s on some inventory.
Do read the entire post from The Startup Toolkit Blog. It contains some very good lessons.