10 Ways to Track Business Details for Media and College Applications

How do you help your entrepreneur child track all the details of business and activities so they are ready for college applications or “big time” media exposure when the time is right?

The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. The YEC recently published #FixYoungAmerica: How to Rebuild Our Economy and Put Young Americans Back to Work (for Good), a book of 30+ proven solutions to help end youth unemployment.

1. Be Incredibly Present

The best thing parents can do is to give their child the tools to problem solve without doing the solving for them. Be a positive force in your child’s life rather than one that is draining. Be your child’s biggest fan!

Jennifer Donogh, Young Female Entrepreneurs

2. Celebrate Accomplishments Along the Way

It can be tempting to celebrate the big time wins, but get your child into gratitude by celebrating all the small things too. Their first article mention, first investor, biggest client package — all of these milestones can be acknowledged along the way. You can keep these in a journal or blog about them publicly, as long as you’re tracking and celebrating success.

Kelly Azevedo, She’s Got Systems

3. Tracking Spreadsheets Rule!

Create a spreadsheet with all the wins, milestones and details that you can track along the way. Include dates, how your child felt while accomplishing it, and what it might mean for the business. Looking back will be priceless!

Nathalie Lussier, The Website Checkup Tool

4. Give ‘Em Something to Talk About

Young entrepreneurs are not likely to have impressive revenue numbers, so they must find other ways to quantify success. Even the smallest outfit can sound impressive when talking about year-to-year percentage growth, niche market penetration or other stats that scale down to your size. You can then quote these figures to express your accomplishments on college applications and to the media.

Christopher Kelly, NYC Conference Centers

5. Always Start Small

Teach your child to understand the value of a dollar and how to make one, and he or she will slowly but surely grasping the basic concepts of small business ownership. If you can encourage your child to do something along these same lines, the process of completing college applications and receiving big-time media exposure will seem simple.

Andrew Schrage, Money Crashers Personal Finance

6. Ask Lots of Questions

With some kids, you have to ask if they’ve finished their homework. With others, you have to ask if they’ve finished their bookkeeping. You need to keep asking questions, so that your child is comfortable talking about the business and has some external accountability already in place.

Thursday Bram, Hyper Modern Consulting

7. Create That Personal Website

We create personal websites, which function as central hubs for our clients’ activities. Every entrepreneurial child should have one to showcase his or her accomplishments. It’s a virtual résumé that demonstrates forward thinking.

John Hall, Digital Talent Agents

8. Keep a Giant Checklist

Get a large sticky notepad — I’m talking about the giant ones — and help them plan and track a handful of goals each week to check off. You can make it more fun by using colorful markers and stickers to track progression through a goal.

Natalie MacNeil, She Takes on the World

9. Use Google Reader

Your child should be familiar with business matters altogether, and reading well-written blogs can be just as, if not more, advantageous than reading books. In a book, you only get one person’s viewpoint in long form. Blog posts are shorter, so you get to read more nuggets of useful information from many different minds in much less time. Nourish the growing mind with RSS feeds!

Logan Lenz, Endagon

10. Set Up a Profile

Saving all accomplishments and business activities under your child’s Google profile is one of the easiest ways to save links, photos, articles thoughts, and biography material in real time. Having a profile to collect this information online decreases the risk of losing the information. Additionally, if employers or the media are find the child’s profile, more opportunities may come!

Nancy T. Nguyen, Sweet T

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