The Slimers! Meet Nate, Miranda & Vince!

"That problem is already solved", "I already have something like that", "No one needs another one of those on the market".....

Yup, we have all found ourselves saying something like that before, I'm sure. Another onion chopping thingy or a new kind of water bottle, there seem to be so many products that all solve the same problem.... or is there?

Meet Nate, Miranda and Vince who I am calling our 2019 Slimers!

Slime is nothing new. We had it as kids and now our kids have it too. Kids love it and for many, they can find relaxation and therapeutic relief from holding it.

In our Fall Semester KidPreneur Program, we had multiple classes running and, of course, a bunch of kids wanted to do slime. It ended up that on Market Day, we were going to have 3 Slime Businesses. Oh no! Of only 18 vendors, 3 would be slime. Wouldn't that make the market boring? Why would someone buy slime from more than one vendor? Or if faced with the choice, how would a customer choose between which KidPreneurs business to support?

Never underestimate the intelligence of a True KidPreneur and their business savvy.

One of the most common questions we get from parents when considering placing their child into a Build a Biz Kids program is, will my child need to enter the program with a business idea already? Or do you help them with that?

The answer is either or works fine. From experience, we have found that our students are one of 2 types: They either have TOO many ideas that we need to help them choose the perfect one to start with. The other type is one who has no idea what to do as, after all, this is the first time they have ever thought of starting a business. In these cases, we give them loads of ideas and encourage them to "Make It Their Own" by asking questions like:

  • Who will your customer be? Adults? Kids? Boy's? Girls? Etc
  • How much effort and time do you want to put into making them?
  • What price point do you want to sell at?
  • What is something you could do differently to make this more fun? More useful? Standout more?

For example, maybe they decide to make soap. Well, they could make them shaped like the flowers they scent them with; great for adults. Or place a toy in the center of it so kids want to wash their hands more; great for kids.

Getting back to our slimers, Wow! they definitely took that to heart and ended up making 3 incredibly successful slime businesses that all stood out from one another.

Meet Vince & his Squishy Business! Vince decided to go with a cool theme and boy did he run with it! He did glow in the dark slime. His display has a dark box and black light to show how they glow, plus he had them in a Light Bulb container so you could understand what made them amazing without having to say a word! They looked so cool and were definitely something you don't see every day. Kids Loved Them!

Meet Nate and his Fluffy Slime Business! Nate took a different angle. He understood that not everyone can play with traditional slime because they break out into a rash from the ingredient, Borax, that is usually in it. Nate's solution! Borax Free Slime which also makes it super fluffy! He had an awesome display with lots of height and a sign that you could see from across the room. At just 7 years old, Nate ran his booth all by himself and made his parents very proud of him.

And last but definitely not least, Meet Miranda and her Slime Bar! Yes, that's right! She had a slime bar! Talk about covering your bases lol. Her bar consisted of 3 stations. Step 1 - choose your base, clear or white. Step 2 - choose your "add ins" like foam balls or glitter. Step 3 - Choose your colouring! Great ideas right?? Not only do you get custom slime, she was teaching other kids how to make it themselves as well.

3 Slimers, all with completely different slime businesses. Isn't it a kick in the pants when kids "get it" and sometimes us adults don't. They were not worried at all about having other slime there and loved seeing what one another had come up with.

These KidPreneurs are pretty amazing but what we may have not realized that they learned in such a fun way, is that no problem is ever completely solved. There is always another group of customers within a market who can be served better. And most of all, never shy away from competition or have a mindset of scarcity. If you are willing to work hard and listen to the people you want to help, there is more than enough success and FUN to go around!

 

Interested in our next semester of programming? Find out more here
Fall 2019 KidPReneur Programs are designed for students ages 7-12 years. Programs available in West Vancouver, North Vancouver, Downtown Vancouver, Burnaby, Port Coquitlam, Port Moody, New Westminster, Maple Ridge.
To Register for a program next semester, View Our Schedule Here.
Also Available are Summer Camps


This KidPreneur Has More Ingenuity Than Most Adult-Preneurs

This weekend, many of our graduates came out to another great event where they could set up their businesses and practice their skills while earning real money. (Earn while you Learn is a great motto to live by)

Everyone arrived and was given direction on where their tables were and started setting up. As it so happens, this event spread out into two areas: Outdoors with the music and festivities, and inside, around the corner and up a very long set of stairs to an unmarked location. Half of our graduates ended up outside, the others were inside upstairs along with a few other KidPreneur Businesses.

It was hard to tell what traffic was going to be like on the day in both areas. Would it get so hot that everyone went inside, or didn't come out at all? Or would they just stick to the sunshine and the businesses upstairs would get lighter traffic than the rest. Here's the thing. As an entrepreneur, you make your own success. That's it. Period.

Over the years consulting with assorted business owners, understanding that success is in their hands is a concept they believe in the good times, but, when it get's tough, their commentary can change to all sorts of justifying or complaining. My competitor is poaching my clients. Customers don't understand why my products are so good. The stores wont return my calls and buy my product. My Sales Reps wont do what I tell them to.

And the list goes on.

But for the ones who get it, their mind is always in solution mode. Is there a vendor outside who didn't show up? Can I move my business out there? Yes? No? It never hurts to ask. What about making your own signs? Posting them up to direct customers up to your table? Or best of all, what if you bring yourself, to them!

Well that is what two of these KidPreneurs did! One of our graduates, Tiaga, was selling Snowcones. An amazing ideas that would be sure to sell well on a hot day like it was. What did he do? He took 2 of his posters downstairs and posted them with arrows on the doors downstairs to lead people up. Then he took a 3rd sign and walked around with it until a customer wanted what he was selling. He would walk with him upstairs, make his order and then do it all over again!

Another Kid Vendor was selling bubble tea. He decided to make 4 orders in assorted flavours and then walk downstairs to sell them directly to customers. Once sold out, he came back up stairs, made some more and did it all over again.

There were so many comments from the adult vendors about these kids who were business savvy well beyond their years. They were excited about their businesses and couldn't wait to make the day work for them. On top of that, a portion of all of Tiaga's profits always go to the Children's Hospital.

So today, as you sit at your desk and wish that you had more customers, or more calls coming in, or whatever it is, be Tiaga. How can you force results, rather than wishing it would work the way we see it in the movies. We are so proud and can't wait to see what these kids go onto do next!

Tiaga attended our Summer Camp & Fall Semester Programming. Both are open for registration now.

View our Program Descriptions Here