Business Advice From Kids When it comes to business, kids say the darndest things.

Several children were given the following hypothetical businessscenario: Company 1 manufactures a popular dinosaur puppet. Company2 manufactures a larger dinosaur puppet that makes a roaring soundand costs less. How should Company 1 compete with Company 2?

Below are the responses of the young board of advisors. Takenote, you might uncover a good business strategy.

  • "Maybe you should add stuff like three more legs-no,five more legs-and six heads and antennae. Then you could sell themas something really different, like 'alien dino puppets.' Ithink many people would come back to buy them." -Alyssa,8
  • "Maybe put TWO T-Rexes in a pack, and when you rub theirtummies, they would roar AND they would fight. Maybe they wouldwatch FOUR T-Rexes fighting. I think you could sell a lot thatway." -Aaron, 6
  • "If you copy somebody, you have to ask permission. Didthey get permission to copy your store? No, they did not. So callthe police immediately." -Audrey, 8
  • "If they make a bigger T-Rex, you should make a smallerone and talk about the benefits, like, it would fit in yourpocket." -Nathaniel, 10
  • "Make all of our puppets have sound effects. Then lowerour price to match their price. Don't go lower, though, becausethen they'll go lower and we'll go lower and thenthey'll go lower and we'll go lower and then . . . thedinos will be free." -Dylan, 9

Editor's Pick

'Catastrophic': Here's What You Should Know About the Debt Ceiling Crisis — And How a Default Could Impact Your Business
I Helped Grow 4 Unicorns Over 10 Years That Generated $18 Billion in Online Revenues. Here's What I've Learned.
Want to Break Bad Habits and Supercharge Your Business? Use This Technique.
Don't Have Any Clients But Need Customer Testimonials? Follow These 3 Tricks To Boost Your Rep.
Why Are Some Wines More Expensive Than Others? A Top Winemaker Gives a Full-Bodied Explanation.
Business News

7 of the 10 Most Expensive Cities to Live in the U.S. Are in One State

A new report by U.S. News found that San Diego is the most expensive city to live in for 2023-2024, followed by Los Angeles. New York City didn't even rank in the top 10.

Money & Finance

3 Ways to Create Multiple (Big) Streams of Income

Here are three ways to create multiple streams of income. These strategies require effort and resources but offer significant financial potential.

Business News

'All Hell Is Going to Break Loose': Barbara Corcoran Issues Warning About Real Estate Market, Interest Rates

The "Shark Tank" star appeared on FOX Business' "The Clayman Countdown" this week.

Science & Technology

She's Been Coding Since Age 7 and Presented Her Life-Saving App to Tim Cook Last Year. Now 17, She's on Track to Solve Even Bigger Problems.

Angelina Tsuboi, a full-stack mobile and web developer who also happens to be a pilot, has always been solution-oriented.

Green Entrepreneur

Top Solar Energy Trends To Look Out For in 2023 and Beyond

The new EIA numbers predict an increase in demand for renewable energy — but this increase is generating a lot of pushback.

Growing a Business

A Guide to Visualizing Data in Your Pitch Deck

What separates your pitch deck from the 99% that go in the trash? Learn how to use data visualization to create compelling investment decks that secure investments to get your business off the runway.