Business Lessons for Kids

Your 12-year-old just made $50 selling slime at school. They're thrilled. They're already planning how to spend it. But here's the question you should be asking: "Did you actually make  $50?" If your kid spent $35 on glitter, glue, and containers, they didn't make $50. They made $15. And if they don't understand that difference, they're not running a business—they're running an expensive hobby. This is where an income statement comes in. And no, it's not too advanced for kids

Here's a weird thought: You can walk into a McDonald's in Tokyo, Toronto, or Tulsa, and get basically the exact same Big Mac. Same taste, same wrapper, same slightly-too-cold-but-somehow-still-soggy fries. That's not an accident. That's franchising, baby. The franchise model is basically business cloning. One company figures out a winning formula, then sells the right to copy that formula to other people who want to run their own business without starting from scratch. It's l

Remember the razor blade model we just talked about? Where companies hook you with cheap hardware and then bleed you dry on expensive refills? Well, some companies looked at that and thought, "What if we did the exact opposite ?" And honestly? It's kind of genius. The reverse razor blade model is when companies charge you a premium upfront for a high-quality product, then keep you happy (and loyal) with cheap or free add-ons, accessories, and services. It's like the business

Ever wonder why printers are suspiciously cheap but ink cartridges cost approximately one kidney? Or why your Keurig machine was affordable but those little K-cups add up to basically brewing liquid gold? Congratulations, you've been razor-bladed. This business model has a simple, slightly evil genius behind it: Sell you the main thing cheap (or even at a loss), then make all the real  money on the refills, accessories, or consumables you'll need to keep buying forever. It's

Here's a wild thought: Some of the biggest companies in the world don't actually own  anything they sell. Airbnb doesn't own hotels. Uber doesn't own cars. Etsy doesn't make hand-knitted baby booties. And yet, these companies are worth billions of dollars. How? They're basically the world's fanciest matchmakers, introducing buyers to sellers and taking a cut every time someone swipes right (metaphorically speaking). Welcome to the marketplace model, aka the "we brought you tw

Let us paint you a picture: You walk into a fast food place just wanting a burger. Just the burger. But then the cashier hits you with, "Would you like to make that a combo? It's only a dollar more and you get fries and a drink." And suddenly you're walking out with 1,200 calories instead of 500 because your brain did the math and decided it was a "deal." Congratulations, you just got bundled. What's Bundling, Anyway? Bundling is when companies package multiple products or se

Okay, real talk: How many "free" apps are currently sitting on your phone right now? Spotify, Duolingo, Canva, that meditation app you downloaded at 2am during a bout of insomnia? And here's the kicker—most of them are technically  free, but let's be honest, you've probably paid for at least one of them at some point. Welcome to the freemium model, the business strategy that's basically everywhere and is surprisingly genius when you really think about it. So What Even IS Free

You know that feeling when you glance at your credit card statement and realize you're paying for five, maybe ten different subscriptions? Netflix, Spotify, that meal kit you swore you'd cancel, the razor blades that arrive like clockwork. It feels like a lot, right? Here's what most consumers don't realize: that $9.99 monthly charge you barely notice is worth far more to the company receiving it than you might imagine.  In fact, subscription customers can be worth 1.5 to 5 t