In this video let's talk about age appropriate businesses and age appropriate approaches.

And when we talk about age Omega they grow up so fast don't they just getting well when they're younger.

And by the way this has taken from experience practical experiences from my practice not some kind of

you know child child rearing Journal about psychology.

This is more for my practice and I don't work with younger kids I work with their parents who work with

them.

So with them it's different because they basically just work with parents and the kids are essentially

an open book a sponge.

They just want to learn.

And any success is great.

And any money is great.

That's just how that is.

They're very happy to learn this.

Now the challenges really arise with older kids in my experience and I do work with them directly and

when I say other kids are almost high school and also through college as well.

And even a little bit after college those you know they become those millennials whatever they are.

So there are a couple of things that many of them have in common.

Almost all of them right away ask how much money can they make.

And this is not my favorite question because I'd rather have them ask more intelligent questions like

you know can I pursue a passion or what's a good industry to get into.

Or what are the issues about a certain industry.

Those are much more interesting kinds of questions.

But I often have to sort of work back with them and say you know businesses not overnight at least most

businesses are not overnight.

There's a lot of hard work but blah blah blah blah.

So you just have the they need an explanation that like hey there's a holistic long term approach.

It's not overnight and they need to be explained that you need to get into the right near the right

industry.

All the fundamentals they really need to get it.

The other thing that older teens and college students really have in common is they want to.

The good thing about them is that you know generally seem to have good hearts and they want to improve

the world.

The main issue with that is that a business must first and foremost be financially self sustaining.

If it isn't it can improve the world.

The business is going to die.

So first the business has to have some product that makes some money that it makes in some way.

And then once it's financially self-sustaining only then the founder of the business can have the freedom

to use the business as a as a platform to make the world or the community a better place or whatever

they want to do.

So there's a lot of in the team businesses there's a lot of this you know putting the carriage in front

of the horse.

How much money can it make.

How can we improve the world.

And by the way what was my business again.

So I think you know the business fundamentals have to come first and that's what I find really common

with doing with other teenagers.

The other issue is that they don't accept parental advice as much.

They're more rebellious.

It's just that time of the light that time of life for them sometimes they get over this phase sometimes

they don't get over this phase.

But as their parents have to understand that and the solutions to this are that that children who don't

stop valuing and respecting and having the patience for their parents advice still often retain all

those things for their grandparents and all children.

But many people just have different relationships with their parents and their grandparents and so maybe

the situation is that you don't have to start the business with your child yourself but maybe your grandparents

can do something creative with your children that teaches them the same values that you want them to

learn.

And other children seem to older children seem to value advice from other experts.

So in that case they're welcome to use the messaging system in you know on this site to contact me and

get a second opinion for me get advice from me.

That's why I'm here.

You know if there's a time that another opinion is needed you.

Everybody's welcome to reach out to me with questions so those are some of your things to think through

when you know dealing with children of different ages especially older children.

They have a lot more unique challenges and so those are things to think about.