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Don’t want your child to spend the summer watching TV, playing video games or complaining that there’s nothing to do? A summer business can be a fun way to encourage creativity and confidence. 

These business ventures aren't really about making money. In fact, if extra income is the priority for the summer, a job is the safer route. But starting a business provides an invaluable life experience for kids, plus it develops very practical skills like organization, money management, problem solving and communication. 

If your budding entrepreneur shows interest in starting a business this summer, here are a few tips to help make the experience a positive one: 

It’s important that your child is passionate about what he or she is doing. You want them to enjoy the experience and not lose interest and be back on the couch by the end of June. 

If your child doesn’t already have a specific business idea in mind, have them make a list of their favorite things to do. If they love animals, they could start a pet-walking or pet-sitting business. Maybe they want to make candles and sell them on Etsy. They could hold an acting workshop for younger kids in the neighborhood, teach music lessons or even design a mobile app. 

It’s okay to think outside the box. Zappos founder Tony Hsieh started a worm farm at the age of nine, with the goal of becoming “the number one worm farmer in the world.” Resist the urge to say things won’t work or that no one would pay for their idea. This process is a learning experience; the end result doesn’t necessarily matter. 

Have your child think about all the nuts and bolts needed to turn their idea into a reality. What kind of equipment, supplies or training do they need? If they’ll be mowing lawns, what do they need? A lawn mower, gas for the lawn mower, etc. If they’ll be baby sitting, should they take a CPR or first aid course beforehand? 

They should write down their goals for the business, including both financial goals and anything else they want to achieve. It will be fun and educational to revisit these goals in September.  

A summer business is a great way to introduce kids to basic money management skills as well as complex topics like calculating gross profits and managing overhead. Teenagers can keep track of income and business expenses. Younger kids can practice adding up price totals and counting change.  

You may need to give your child money to kick start their business. If so, have them itemize all their upfront costs, so they know exactly how much is needed. You could offer to fund a certain amount, as long as they contribute some of their own birthday money or allowance. You could even hold an investor meeting where your child pitches their idea to you and outlines their financial needs. 

Being an effective communicator and empathetic listener are essential building blocks for entrepreneurship. Help your child develop how to succinctly explain their product/service and understand their business’ value proposition. Stress the importance of customer service, and encourage your child to listen to and accommodate special requests when needed. 

Child business owners are subject to the same rules and legal requirements as adults. You can find out if any local licensing or permits are needed by checking with your local city/county clerk’s office. 

In some cases, you may actually want to create an official company structure, but only if you’re concerned that the business will take off or put your family’s assets at risk. For example, our oldest son loves designing apps. If it seems that an app will be commercially successful on iTunes, we’ll decide to roll it under our holding company. And, if we didn’t already have a holding company, we’d form an LLC (Limited Liability Company) for it. You can decide the scope of your child’s business and your family’s liability protection needs. 

If your child’s earnings are greater than $400, they’ll need to file their own tax return. Most likely, they won’t be in a position to owe any income tax, but they will need to pay self-employment tax. Help them prepare for this ahead of time -- perhaps setting aside 15 percent of the earnings for tax time. They’ll report their business income and expenses on Form 1040 Schedule C, and self-employment tax is reported on Schedule SE. And in case you’re wondering -- yes, you can still declare your child a dependent even if they file their own return.  

The most important thing to remember is that the process should be fun. Entrepreneurship is a labor of love, not just labor. It’s also about taking chances, making mistakes, learning from those mistakes and doing it all over again. Keep those messages front and center throughout the journey. 

Raheem Sterling is a young English soccer player who was born in Jamaica. Raheem is now considered to be the most expensive player in England and the most valuable young player in the whole Europe. Being only 21 years old, the young man has already played for two major clubs of the country. His professional senior career began in 2012 in Liverpool F.C., where he immediately joined the UEFA Europa League for the qualifying matches.

Sterling was named player of the month several times and entered the recent list of the best young players of the year, drawn up by the Professional Footballers’ Association. In 2015, Raheem was transferred to play for Manchester City. The fee paid for the player was incredible—£49 million. This transfer provided him the place among the top 10 highest paid soccer players ever.

The next English professional soccer player is Luke Shaw. The young man is a member of the Manchester United club and plays for the national team of his homeland. In summer 2015, Luke celebrated his 20th birthday. However, despite his young age, he has already been named one of the most talented full-backs in the world.

The player joined Manchester United in 2014 for an incredible sum of money—£30 million. Now, he has the position of a left-back in the first-team squad. Unfortunately, due to several injuries, last season was not very successful for the young star. Shaw made only 16 appearances in the matches. However, we can expect to see him more often this time around.

The youngest man to play for Real Madrid is Martin Odegaard. The Norwegian was only 16 years old when he scored his first goal in his professional career. As for now, Odegaard plays for Real’s reserve team but trains with the main squad. Odegaard has already played for the first squad as a substitution to Christiano Ronaldo in a match against Getafe CF.

The Norwegian plays as an attacking midfielder and is famous for his quick and balanced pace and shooting power. Besides his success in Real Madrid, Martin plays for the Norwegian national team in the main squad.

Januzaj is one of the most famous young Belgian players. The young man was born in 1995 and began his professional career in a Belgium professional club, Anderlecht. When Adnan was 16 years old, he was transferred to Manchester United and was soon promoted to the first team and entered the international arena in the 2013-14 season.

After David Moyes had been replaced in the position of the club’s manager, the Belgium player ended up under the guidance of Louis van Gaal. Initially, Januzaj struggled to impress the new manager. But now, with the departure of Robin van Persie and his Colombian fellow Radamel Falcao, Adnan is expected to show his skills in the main team next season.

The next noticeable soccer player has already had a very exciting and interesting experience with football clubs. Marquinhos is a Brazilianprofessional soccer player. His first club was Corinthians. In 2012, he transferred to Roma where his career burst forth. He was noticed by one of the most prestigious French soccer clubs, Paris Saint-Germain, and was transferred for an impressive fee of £31.5 million.

Excellent performance for PSG resulted in Marquinhos being named the most promising defender in the world. Recently, some rumors about his departure to Manchester United have been circulating the press. It is unknown whether the club has really taken an interest in the young player, but the manager of PSG has confirmed that the Brazilian will stay with them.

The youngest Bayern player in the Bundesliga is the 20-year-old Dane, Pierre Hojbjerg. His first official match in the Bayern Munich team was in 2013 when the man was only 17. During the next two seasons, Pierre made 15 league appearances.

Later on, he entered the main squad of Augsburg on loan, which led to an unpleasant incident at the match against his parent team. The player assisted in the last goal that led to Bayern’s defeat. In 2015, the player was yet again transferred to another German club—this time as a midfielder for FC Schalke 04.

One of the most prominent young defenders is Jose Gimenez, who was born in Uruguay in January 1995. A few days ago, the professional soccer player celebrated his 21st birthday. Gimenez is already a player who shows great results and advances his career steadily, without major failures.

Gimenez is a center back in Atletico Madrid. After the departure of his center back colleague, Miranda, who transferred to Internazionale, a.k.a. Inter Milan, Jose’s role in the team became more advanced and allowed him to show off the skills he had. Gimenez has also been called up to play for his national team several times.