About two months ago I took on a part time job. It was a quick way to save some money to start a new business. With my online business still making money and it does not need much attention the extra income from the job can be saved. There are some big goals that I have set for myself. The true entrepreneurial dream was for a real world business. With the cost of starting a real world business in a brink and mortar shop this dream had been placed on hold. As I realized that I am not getting any younger I started to dream up some ideas and get a plan in motion. The first step is to write a business plan and have a road map of where I want this business to go. Once I have set the goal I need to do all the legal work to make this a real business. The math I crunched brought me to a grand total of $35,000 to get started. This is the amount of money I need to pay rent and stock the business. As a new start up I will try to do all the work myself or ask some friends for help. The addition of employees would cost way to much for the first few month of business. As I grow the business I will add employees, but first I need to just get this thing going. The idea is to keep the business a bare as possible till I can prove that it will make money and then grow from there. There are many more steps to setting up a real world business. It makes my online business look so simple. With my online business it was very easy to set up and maintain with little effort. If anything I want to learn from taking this dream and turning it into reality. If I fail then I now know what I will need to set up another real world business. Many people say that the economy is tough and that I will lose my shirt, but that can be said about any type of business. The fact is that even in the worst economic times new business have been started and succeed. Now its my time to make a go of it. The fun part is that I am going to document my effort and share it on this blog as I move forward. Since the first step is getting the funding it might take a little longer before I can make and real headway in my effort.

The most difficult task for many adults is to manage money. If only schools spent just a little more time on educating children on the value of money. We need to make an effort to teach children at a young age how to handle money. It starts at home with the family and with support from the education system we can prepare the next generation to avoid getting into credit problems. There is not a single class on handling credit in high school, but yet there are many classes on subjects we will never use. Is the system set up so people will fail? Why is credit not made an important part of our educational system?
There are many people of influence that might not want this type of education in our schools. It wrong to not prepare kids for the future. If you have children you need to teach them about credit and the good and bad about borrowing money.

A great book to buy your child is One Cent, Two Cents, Old Cent, New Cent: All About Money (Cat in the Hat’s Learning Library)

THE CAT IN the Hat puts to rest any notion that money grows on trees in this super simple look at numismatics, the study of money and its history. Beginning with the ancient practice of bartering, the Cat explains various forms of money used in different cultures, from shells, feathers, leather, and jade to metal ingots to coins (including the smallest—the BB-like Indian fanam—and the largest—the 8-foot-wide, ship-sinking limestone ones from the Islands of Yap!), to the current king of currency, paper. Also included is a look at banking, from the use of temples as the first banks to the concept of gaining or paying interest, and a step-by-step guide to minting coins. A fascinating introduction is bound to change young reader’s appreciation for change!