Summer is coming. Most teens start thinking about earning extra money during the months between school terms. Is your teen looking for a J-O-B or is he or she thinking of starting a business?

Let's look at the benefits of each to help you and him decide which way to go.

1. Income Potential JOB: You're guaranteed a set hourly income.

Own Business: You earn money based upon your hard work, creativity and innovation. It is not guaranteed, but there is potential for more money if you work harder.

2. Schedule JOB: Your boss determines your schedule. He or she may be flexible. Or not.

Own Business: You schedule your own hours. This may mean working more or less than an hourly job.

3. Pay scale JOB: You can earn your hourly rate and not much more.

Own Business: You determine the value of the work you're doing and your asking price. You often can earn more money with fewer hours.

4. People JOB: You may have a great boss and co-workers who you enjoy. Or no

Own Business: You deal directly with your customers. You choose whom you do business with.

5. Experience JOB: You get trained on the job.

Own Business: You teach yourself.

It's a tough choice. If your teen isn't ready for starting a business completely on his own, then work together with him to make a family business a success. The key, however, is that he has to want it, or you'll be fighting a losing battle. Start the discussion with him now and see if his own business might be the right choice this summer.

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