April 11, 2022
Growing up happens in a soup of questions, memories, and firsts—weighty and lasting, light and short-lived.A tooth falling out for the first timeA first dentist or doctor’s visitFamily vacationsA favorite family member—uncle, aunt, or cousinFirst lovesTo play sports or learn a programming language?What college?What major?Join the family business?For the last point, most kids don’t join the family business because most families don’t own one.However, 93% of entrepreneurs agree that starting young influenced their business success. Also, a Southern Methodist University psychologist says parental guidance defines a child’s long-term choices.Want your children to fancy joining your family business? Bring them in now.Apart from boosting your child’s entrepreneurial strengths, hiring them can help you reduce your tax burden by $12,000 a year.This article isn’t legal advice. But you’ll gain valuable education.