Finance With Kids

06: How do Businesses Make Money?

March 14, 2023 Steve and Ava Coughran Season 1 Episode 6
06: How do Businesses Make Money?
Finance With Kids
More Info
Finance With Kids
06: How do Businesses Make Money?
Mar 14, 2023 Season 1 Episode 6
Steve and Ava Coughran

Starting a business in the United States can seem scary, but with careful planning and preparation, it can be a rewarding experience. Imagine someone has an idea and they want to turn it into a business. These are the steps they would follow to get it started: 

1.    Think of an idea: The first step in creating a business is to come up with an idea. 

2.    Do research: Once you have an idea, it's important to do some research to see if it's a good idea to pursue. 

3.    Create a plan: Next, create a plan for your business. 

4.    Get funding: Depending on how much money you need to start your business, you may need to get funding. 

5.    Register your business: Once you have everything in place and are ready to launch your business, you’ll have to register it.

6.    Launch your business: Finally, it's time to launch your business! 


Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to hello@financewithkids.com. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"

Adults, do you want gain free access to tools, videos, and other great resources to build better financial skills and achieve higher levels of success? If so, join one of our free communities today at: https://www.byfiq.com/community

Also, check out these three courses that will help sharpen your financial and investing acumen:
Boosting Your Financial IQ
Understanding Financial Statements
Investing in Stocks and Financial Assets

When you're ready to start living an abundant financial life, take a look at one of our accelerator programs.

______________________________________

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in Coltivar or its Affiliates. (An offering to invest in a Coltivar fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Coltivar, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Support the Show.

Show Notes

Starting a business in the United States can seem scary, but with careful planning and preparation, it can be a rewarding experience. Imagine someone has an idea and they want to turn it into a business. These are the steps they would follow to get it started: 

1.    Think of an idea: The first step in creating a business is to come up with an idea. 

2.    Do research: Once you have an idea, it's important to do some research to see if it's a good idea to pursue. 

3.    Create a plan: Next, create a plan for your business. 

4.    Get funding: Depending on how much money you need to start your business, you may need to get funding. 

5.    Register your business: Once you have everything in place and are ready to launch your business, you’ll have to register it.

6.    Launch your business: Finally, it's time to launch your business! 


Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to hello@financewithkids.com. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"

Adults, do you want gain free access to tools, videos, and other great resources to build better financial skills and achieve higher levels of success? If so, join one of our free communities today at: https://www.byfiq.com/community

Also, check out these three courses that will help sharpen your financial and investing acumen:
Boosting Your Financial IQ
Understanding Financial Statements
Investing in Stocks and Financial Assets

When you're ready to start living an abundant financial life, take a look at one of our accelerator programs.

______________________________________

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in Coltivar or its Affiliates. (An offering to invest in a Coltivar fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Coltivar, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Support the Show.