I co-own a vending machine business with my 10-year-old. He's learning tough lessons.

• Christina Nicolson is the mother of 11-year-old Landon Nicholson. They live in Wellington, Florida.
• Landon approached her about starting a vending machine business over a year ago.
• Christina, a business owner herself, shares what it’s been like so far.

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He was also very excited at the beginning of this to go and check on it once a week. He liked to see what needed filling up, what people were liking, and so on. Now, he’s not as excited to go. He still enjoys doing it, but that initial excitement has worn off.

I’m being patient with him

Sometimes, you just have to be patient. We’re almost there. I encourage him to review the numbers every month; I’ll print out the P&L for him to see. He’s very impatient, but I remind him that to make a business work, you have to work.

He’s learning different business models, how much time they take, and how busy you are going to be. This has been good because of his age; he goes to the community center and checks on it once a week for 15 minutes. He also likes to see what’s working. He still asks me every once in a while if he’s making money yet.

I wasn’t expecting his confidence. It really impressed me. He walked right up to the community center’s front desk, asked if they wanted a vending machine, and came home with a business card. I love that he’s not afraid. I think this experience will help him with the confidence to start more businesses.