There are many ways to help kids become entrepreneurs. The first way is to teach them how to pitch, which is persuading someone to buy your product and convincing their buyers that their product is worthwhile. In the pitch, kids have to include why their product is the best product they could buy.
Another way to teach your kids entrepreneurship is to help them think quickly. For instance, they will have to come up with good answers quickly to questions about their products, must be able to do mental math instantly, and are generally one step ahead of their competition. This is where basic math skills are essential to understanding money and figures.
Budding entrepreneurs must have a target audience of who they are marketing or trying to sell their products to. Most kids would probably market items that would be beneficial or liked by other kids. A perfect example is candy. A kid entrepreneur could purchase a bag of candy from the dollar store for $1.00. If the bag has a total of 20 pieces of candy in it, costing 5 cents per piece, the kid entrepreneur could sell each piece for a dime which would cover the cost of their investment and double their profit. The kid entrepreneur paid $1.00 for a bag of candy and made $2.00 back.