Melanie Bloom

Paying Labor in an Entrepreneurship

Discussion created by Melanie Bloom on Sep 24, 2013

I'm not teaching Ag Bus this year, but whenever we get into budgets (enterprise or whole-business), there's always a lot of student debate on why an entrepreneur needs to budget for their own labor.  Part of it is that as high school students, they don't recognize their time as a productive asset.  Part of it is that many of them see their parents managing a business and just spending money without discussion about monthly/annual budgets. 

 

I came across this blog article today on twitter and would LOVE to use it in that budgeting lesson the next time I teach FBM or Ag Bus.  There are some great discussion generators in it:  How Much Should You Pay Yourself? | Inc.com

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