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What Is Entrepreneurship for Kids? A Parent's Guide

3D cartoon kid riding a scooter on an orange background with a star-struck emoji and yellow arrow, getting started with entrepreneurship

Entrepreneurship for kids means turning an idea into something useful for other people: noticing a need, testing a solution and finding out whether anyone wants it. For children aged 10 to 13, small supervised projects build real skills in problem solving, money and communication, whether or not the idea becomes a business.

Your 11-year-old is at the kitchen bench with a pile of beads. "I could sell these at school," she says. Part of you is proud. Part of you pictures another half-finished project in the cupboard.

So ask one question:

"Who would want this, and why?"

This guide shows you how to build on that question at home, without it becoming your project.

What does entrepreneurship look like for a 10 to 13-year-old?

It is a small project with a real purpose: make something, find out who it helps and decide how to offer it.

A child making bag tags might ask three people what annoys them about labelling bags, make one sample and change the design after feedback. This is an illustrative example, not a JuniorCEO Lab student case study.

Why teach kids about entrepreneurship?

It gives children a real reason to use maths, writing and listening. ASIC's Moneysmart notes that children learn about money best through real decisions about earning, spending and saving.

Part of the project What your child practises
Asking about a problem Listening and asking good questions
Working within a budget Costs and trade-offs
Explaining the idea Clear communication
Changing it after feedback Reviewing and improving

It also links to school: Year 7 Economics and Business covers the characteristics of entrepreneurs, as shown in ACARA's Year 7 work sample.

Does my child need an original business idea?

No. A familiar product works if it suits a particular person better. Ask your child to fill in:

"This is for ___, who wants ___, and it helps by ___."

If a blank is hard to fill, that is their next thing to find out.

How can parents teach entrepreneurship at home?

Try the JuniorCEO Lab starter activity: Notice, Ask, Try, Improve. The first three steps cost nothing.

1. Notice

List three things people find annoying, like forgotten sports gear. Your child picks one.

2. Ask

Your child asks two or three people you know: "What do you do about this now? What is the worst part?"

3. Try

Make a sketch, paper model or one sample from things at home, and let someone try it.

4. Improve

Ask: "What did you learn, and what would you change?" Then change one thing.

How much should parents help?

You set the boundaries and keep things safe. The choices belong to your child. Agree on time, money, responsibilities and what success looks like before starting.

Keep an adult involved in anything online or involving payments. Since 10 December 2025, Australia's social media age restrictions require many platforms to stop under-16s having accounts.

When your child gets stuck, ask "What do you think the next step should be?" before offering an answer.

How does JuniorCEO Lab approach entrepreneurship?

JuniorCEO Lab teaches 10 to 13-year-olds in six stages: exploring products, researching customers, shaping an idea, building a brand, understanding money, and marketing and selling. Each stage gives the next one its meaning.

Frequently asked questions

What's next?

This week, ask your child: "What is something you wish worked better?" Then try Notice, Ask, Try, Improve together. When they are ready to test whether others share the problem, read how kids do market research.


About the author

Su Stanyer is the founder of JuniorCEO Lab, an Australian program that teaches children aged 10 to 13 how a business works, from exploring products and researching customers to branding, money, marketing and sales.

Sources

Government and curriculum references are general information and do not imply endorsement of JuniorCEO Lab.

S

Written by Su Stanyer

Founder of JuniorCEO Lab, helping 10 to 13-year-olds learn real business skills.

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