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7-year-old knows all about profit, loss

Original post made on Oct 2, 2011

A 7 year old entrepreneur in Pleasanton, CA... who woulda thunk?

Read the full story here Web Link posted Friday, September 23, 2011, 12:00 AM

Comments (5)

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Posted by Kris
a resident of another community
on Oct 2, 2011 at 1:58 pm

Way to go Reilly (and parents too)! Perhaps Reilly could teach the federal government a thing or two about balancing the budget and not spending more than it takes in! Take it to Washington DC little man!


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Posted by Steve
a resident of Parkside
on Oct 2, 2011 at 4:29 pm

What a great story. How nice to see a child that is bright and determined. Also, I kept waiting as I read this story, expecting to hear that he was told to shut down his little business, and was very glad to hear that the local authorities have not intervened. this story definitely leaves you with hope for our future.....


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Posted by Mike
a resident of Highland Oaks
on Oct 2, 2011 at 5:06 pm

Nice human-interest piece.

Go get 'em, kid.

I hope his mother is keeping her eye on health- and safety-related issues. The lemonade-stand business just isn't the same as it was back in the 60s.

Mike


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Posted by reasonable parent
a resident of Another Pleasanton neighborhood
on Oct 3, 2011 at 5:37 pm

Great story --

I've got one of those little entrepeneurs in my household as well and am convinced that enterprising spirit is something some kids are just born with! However, I'm not sure home schooling has anything to do with it. Mine is a garden variety public school kid and he is just as capable of coming up with creative money making ideas.


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Posted by radical
a resident of Another Pleasanton neighborhood
on Oct 3, 2011 at 7:27 pm

As a result of the story, the family will hear from the IRS about a missing business schedule C in their tax return, Social Security about missing withholding, CA FTB about sales tax revenue remittance, and the City about business permits and a disallowed retail activity in a residential area.
oh yeah, and expect a contact from the EPA about the origin of the wood used in manufacture of the blocks. Have fun, kid!


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