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Burger Joint: Teaches you how to fill out an application and go on an interview to market yourself. You do this once and then you’re done.
Entrepreneur: You have to market yourself and your business on an ongoing basis if you want to make any money.
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5. Banking Skills. Burger Joint: You learn how to collect a paycheck and how to deposit it into the bank.
Entrepreneur: You learn how to budget for advertising costs, taxes, and expenses and weigh them against your profits. You learn to deposit your income into the bank and write checks to cover expenses. You learn how business works.
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As you can see, both options have benefits. As for which option you’ll choose? That’s up to you and your child.
Kids need to be kids and enjoy their time as children. But, at the same time, as they get older, they also need to learn to make money and function in our society as responsible adults.