Teach financial tips to toddlers

Of course if you are teaching financial tips to toddlers you are teaching their parents. What is this all about?

This is the latest BIP that I want to share with you for a potential part time business opportunity. If this doesn’t sound like your idea of fun, them please check out the other BIPs posted! There really is something for everyone; whether teaching your skills to others, running errands, or other experience you would like to do for others or teach others…it can be turned into an income opportunity!

Business Idea Prompt (BIP) Toddler financial tips

Details – So what is this idea of teaching toddlers financial tips? Well it’s actually teaching caregivers first then providing them the resources to teach the toddlers as they mature. So, where did this come from? I realize there are other programs out there teaching savings tips for families, etc. but after talking to a few new parents and realizing financial issues/tips/savings, etc. are all hot topics for any age I have put together an Idea Prompt.

This Prompt is to teach anyone who has a new child in their life; parents, grandparents, aunts, uncles, friends, etc. The focus is for parents/caregivers that do not have a fund already established through employment, IRA type funds, etc. This is simple way to show anyone how they can provide a savings fun for the child in their life. The basis is helping caregivers see how significant savings is and how a little bit can really go a long way. It’s structured to be helpful for any budget, especially those that don’t think they can spare any extra money for a savings or believe a little really doesn’t add up. It does! And caregivers need to be encouraged and shown there are options for every income!

See the significance the amounts below add up to! (data you can teach your clients)

  • .50 cents a day saved for 365 days (1 year) = $182.50 per year, if you choose to do this for say 18 years and give the child in your life this amount on their birthday, they’d receive $3,285! This may not seem like a lot to some, but imagine getting this money handed to you at 18 or any age, it’s a nice chunk to continue adding money to or put towards a car or education…house, or other high priced item!
  • $5 a week = $260 per year, in 18 years that amount is $4,680!
  • $25 per month is $300 per year, in 18 years that is $5,400!
  • $15 a week =$780 per year, in 18 years that amount is $14,040!!
  • $100 per month = $1200 per year, in 18 years that amount is $21,600!!
  • ( I could go on and on with scenarios!)

Again, some of the total amounts may seem insignificant, but can make a huge difference, especially to a young person just starting out.

Some community colleges average credit cost per year total $4,500, so a two year degree would be around $9,000…for just $15 dollars saved a week, a child could receive a degree and have a little left over for books, living expenses, auto expenses, etc. Or even the smallest amount mentioned above could provide almost a full year of tuition at some community colleges, through in a possible scholarship and again, this is a gift of education with no loans to pay back.

There are some tiny homes that cost less than $20,000 to build…Can you imagine giving someone the gift of a home when they 18?! The freedom either of these scenarios would provide is actually priceless in my opinion!

If the amounts are easily achieved then imagine a few dollars more each week or month, adding even half of any birthday or holiday money given to the savings, teaching the child about the possibilities the savings can provide them when they turn a certain age, and encourage them to add to that amount, encourage family and friends to add to the fund as they are comfortably able to do. Easily the amounts above could double or even triple.

Experience/Skill Needed – I think a passion for helping others, especially new caregivers, is essential. Simple math skills required, knowing some local bank interests amounts would be helpful to share with clients, basic computer skills and form development skills so you can provide check lists, savings breakdown forms, etc. to clients attending the courses. Customer service skills are important to communicate with clients. This can be offered to individuals with an emphasis on their own personal budget, or in a larger group setting with general guidelines and budget information.

Marketing – Advertise with flyers and print up some reasonably priced business cards. Handing them out to pretty much anyone you know. You can create a web site, share your services via social media and even advertise via a sign on your vehicle and/or yard signs. Your web page should include price range, contact information and customer reviews (as you get them). Even free sites and a unique business email are great resources to help your business grow professionally. Reach out to local day care centers and other organizations to see if you can provide classes to caregivers or leave flyers and/or business cards. You can charge a fee per guest or provide a free class and sell an ebook or handout with more details on savings, worksheets and other products. Online video tutorials can also be an added marketing tool or downloadable forms for a small fee.

Research – The only research that may be needed is to find an average price for services and to see how many competitors are out there. Some financial research would be very helpful, the more you know, the more you can teach! Taking an online course through your local library (many offer financial courses, small business courses, and more) will help your credibility and experience.

Obviously, this is a basic outline/start to a potentially very in demand type of business!

If you aren’t interested in this topic, please read over it and brainstorm your own skills and interests. Ask yourself would someone pay money for this skill? Then turn that thought into action!

Thank you for reading and please share any tips or questions you have!

As with any business please check local and state guidelines to see what licenses, name registering, and other requirements may be needed before starting your business.

 

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Get the job!

There are so many cover letter samples out there; most of them really well organized and ideal to use. But the main question I receive is how to personalize the letter. I really enjoy finding skills and the perfect wording to personalize a cover letter for job seekers – yes BRAGGING!

I created a cover letter sample by using an actual job posting I recently found in the Kansas City area. I hope this helps answer some questions you may have, but as always please reach out to me if you have any questions at all. Have some additional tips? Please share them!

I still have a couple free career packages to give away. What is that about you ask? Please see my other post titled Free advice.

 

2017 Sample job posting and cover letter PDF

 

 

 

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Entrepreneurship -for individuals

Hello! I hope you have been enjoying the BIP posts. I have more prompts to come, but I wanted to share my experience and opinions about entrepreneurship for individuals; it’s not just tech start-ups or needing investors to get started. I truly believe in dreaming big and encouraging everyone to do the same. I believe in starting with the skills, experience and resources you already have and growing from there! A friend and I have a saying, “I may not feel 100% or have it figured out 100%, but I’m certainly not 0%!” I encourage everyone to start…simply start. Make time to dream and plan….period.

First, let’s define entrepreneurship. Wikipedia defines it as “has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a start-up company, offering a product, process or service for sale or hire.” So even if you are offering computer repair, house cleaning, landscaping, child care, writing services, web design, handmade items at local farmer’s markets, car maintenance, or any of a number of other services or products you are an entrepreneur!

I believe anyone focused on sharing their skills and talents, full-time, part-time, or whenever they have time, is an entrepreneur! This title begins with thought. Whether you are thinking of starting your own full or part time business, expanding an existing business, interested in side gigs, or advancing from your current position at a particular organization or company you have an entrepreneur spirit it starts with a single thought.

So, what is the basic process to turn thought into action? Once you have focus and define what you want to do (some were born knowing, others like me, have several interests and need to narrow it down or some find it difficult to even know where to begin) you start to take action. I recently wrote about focusing on your interests; defining possible side gig opportunities that fit your interests. You can read that here.

Something that always works for me is to write down my focus. Once I see it in writing it helps me work through the steps needed to accomplish it or adjust the idea, etc.  I sometimes get ahead of myself and writing it out keeps me focused and grounded. It helps me realize whatever venture I’m exploring has huge potential, but I need to start with step 1, not 100! For example if I want to expand my photography hobby and offer small event and senior photos as a side gig on the weekends there are obvious first steps that need completed before I go rent a huge studio space, contact a publisher for a coffee table book deal, or buy thousands of dollars worth of equipment. I need a plan first…I need a focus…I need clients!

I made my list and actually had a very successful part time photography business for about a year until I found a more time demanding job and decided to stop. I photographed families, high school students, corporate golf events, pet photos, a local small band, and even a few shoots for dating profile photos. I decided on photography, because of my love for taking nature photographs. When I started brainstorming about side gigs I decided to focus on what I had to help me define my focus. I already had a nice digital camera, I enjoyed photography, I love being around people, etc. Next step was my action list, which I’ve shared a general recap below:

  • Create a web page (I used the free service through Shutterfly to display samples of my photography and create online galleries for clients)
  • Come up with a business email (another free action item, I used gmail)
  • Advertise and find business/clients; business cards, flyers, I reached out to companies for corporate events, word of mouth, browsed ‘want ads’ online, posted cards and flyers at laundry mats, libraries, community boards, online, etc.
  • Set fees and define what is included (I researched the average hourly rate and cut it almost in half because I was not a professional full time photographer and I wanted to use this opportunity to enhance my photography skills as well as provide an affordable alternative.)
  • Research tips for family and senior photos and offer those on my site and when discussing details with clients (I read a lot about family and corporate photography to enhance my knowledge and help clients decide not only on settings and poses, but also on package options, professional photography terms {to ensure clients I was at least semi-professional}. I also practiced shots with lighting, angles etc. to gain skills and experience.)
  • Set up a payment method. I accepted checks, cash and PayPal payments
  • File system and organize jobs. I had a ledger with names, packages, dates, costs, and notes to help me track everything. I also kept electronic files for tax purposes, keeping record of payments received and mileage with other items I needed for taxes
  • Offer incentives. I offered all clients incentives for repeat business or referring friends, either a discount on their next purchase/photo shoot or a gift card if they didn’t have any other photography needs (a $5 to $10 Starbucks or other gift card)

That was my general list and action items. It was low investment, I didn’t get rich, but I made extra money and had a blast doing it! And I kept an open mind about expanding. For example the pet photography came about due to a request. I had never even thought of pet photography. That is something I’d enjoy starting up again! I even kept making time for photography trees, skylines, etc. and made photo cards as gifts out of those and through word of mouth I was able to sell some for a small profit!

Are you an entrepreneur? Do you have an entrepreneur spirit? Do you have tips to share or questions? Please comment below or email me at successencourager@gmail.com

Trees With Quotes.

Start!

 

Side jobs – finding your perfect fit

Side jobs, part-time work, freelancing and start-ups are popular ways to earn extra money these days. They don’t just supplement income while working full-time; it’s becoming more and more common to use one or more of these opportunities as full-time income. This can either work out to be a career of juggling different jobs for ever or to gain experience for a certain career you wish to move in to. Some people love the variety it allows while others want to move on to something more stable and focused.

Whether, working a variety of side jobs, freelancing or part-time opportunities all allow a form of working for yourself and gaining experience. This can allow for future advancement at a particular job, focus on your own business start-up or allow you to explore different jobs until you gain experience and find something you want to do permanently. As you can see this flexible career lifestyle can offer a lot of paths to explore.

There are so many opportunities to make extra money or start a variety career lifestyle. You can read about many on any given day through a simple internet search. Some are very focused and require specific training; fitness coach, teaching Spanish, legal consultant, etc. But others are a bit more adaptable; personal shopper, event planner, freelance writer (with so many different topics out there to write about), pet sitter, etc.

I’m not saying the more adaptable options are easier or take less to do, I’m simply saying the skills to do them may already be known. A pet sitter might be a good choice for someone who has always been around animals, etc. While being a legal consultant requires more formal training and/or experience.

Before trying to force yourself into one or several of the available opportunities ask yourself what experience you already have, what you enjoy doing and what you could charge for.

Of course time is a huge factor. Do you have certain hours you are available due to a full time job, family responsibilities, classes, etc. Once that is determined you start to explore opportunities available during those hours; you may not be able to mow after a certain hour, but you could write a blog post or post a webinar about a topic you are experienced in no matter what time it is.

Here are a few questions and comments to consider when determining what side job (part-time, etc.) opportunity may be right for you and your current lifestyle –

  • What do you enjoy? Explore this, write it down, focus on how to make it a business or service to offer. Do you like photography? If you do and have a digital camera, can you offer your services as a second photographer at a wedding, corporate events, local bands that can’t afford someone that photographs full time, senior photos or high school sporting events, etc.? Be creative and be observant; what niche can your talent and passion fill? Don’t completely re-invent the wheel, just focus on a particular aspect that you can make better.
  • Do you want/need work outside the home or work from home? Answering this question allows you to explore jobs like mowing, pet walking, wedding/event planner and/or officiant, personal shopper or driver, etc. outside the home or writing, virtual assistant, web designer or content writer, online tutor, survey taker, jewelry or craft maker (selling online), etc. for working at home.
  • Do you enjoy helping people solve a problem, working with the public and communicate effectively? Do you enjoy working alone, creating more so than working face to face? Do you have internet and online work capabilities? Obviously, this answer gives much insight into what opportunities you will enjoy more than others.
  • What services are in demand in your area that will pay you to provide that service need? If you live in a neighborhood with large yards there may be an opportunity for mowing or landscaping that obviously is not in demand at an apartment complex. But if your passion is gardening and you want to work in that field but live in an area that doesn’t seem to have a need, be creative. Can you offer your services of plant watering, container gardening, cooking classes for container gardeners, etc.?
  • How much will it cost for you to offer this side job or start a business and how much should you charge? If it’s a part time job and they provide all that you need, how much does it pay? You will want to make sure it’s worth your time either by earning extra money or it provides an opportunity for you to gain experience.
  • How will you get work? You can search for part time work online through career sites or asking in person at area businesses. If you have skills to offer through side jobs or self employment, there are man sites out there to post your services on for free, you can search that particular talent/skill and see what third parties offer help finding that type of work , you can create flyers and hang them in busy places such as libraries, laundry services, public post boards, get business cards made and hand them out at any given opportunity, make yard signs and ask friends to display them in their yards for you, make or order decals for your vehicle with a web page and/or phone number as well as hats and tee shirts or other apparel, you can also advertise via social media sites and word of mouth.

There are other questions to ask yourself, but once you have focused and answered the few above you can start to search for opportunities to make money! Don’t over think it though, be adventurous and start exploring!

Do you have any tips to add? Please share them. Do you have any questions? Please ask them!

Thanks for reading, I hope this has inspired you to explore your options and to be creative.