KidPreneur Graduate Wins 1st Place in Inventor Competition!

Congratulations Isaac! This Inventor/KidPreneur is continuing to take his skills to greater heights and challenging himself by innovating new products for market.

His latest creation, The Marble Run! It's so fun! Not only is it a marble race or a maze, but it is one you build yourself and can change over and over again!

Inventors are great at making new inventions, whether they are fun or solving a problem. But Isaac is also a KidPreneur because he has learned how to package and sell his inventions as well. In fact, when I first saw his Marble Run, I thought he was ReSelling them! They looked so professional!

Checkout these pictures of how he packages them.

       

Shrink wrapped with custom instructions, bagged little pieces and a great logo, Issac first launched these gems at the Tinypreneurs 2019 event to see how they would sell.

Previously, in our Build a Biz Kids Fall 2018 program, Isaac started his Entrepreneur adventure making Churros. That's right, Churros! Who doesn't love those! He made them in the morning and then brought a toaster oven and "add on" dipping sauce as a tasty up-sell. His marble run was a different type of market and, as we have seen at many of our markets, didn't sell as fast as the impulse buy food did.

But everything is a learning experience and there are many factors to consider when working to make a product "successful" such as price, packaging, how you display it and what your method for distribution is, but also the product itself. Is it something the market actually wants?

Issac put it to the test! He entered an inventor content through Instructables and waited for the feedback. He had lot's of comments asking questions and complementing his innovation. That's a great sign! But then, after waiting patiently, he finally heard back! While it wasn't the Grand Prize, he won 1st place and a nice gift card to go with it! He was onto something!

What to do now.... Well, Isaac, congratulations on your Big Win! We have no doubt that you will make this business a success just like your Churro business. It's just finding the right combination of your business factors and then you are off to success!

Isaac and his brother just finished our Inventor's Paradise summer camp and made some pretty incredible creations. We hope to see him back again and can't wait to hear what he is up to next !

Here's a link to his Instructables Contest Entry with Video.


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


No Tech Zone After School Programs - Why We Do It

Too much screen time is often a common complaint among parents concerning their children. Oddly, however, some parents wonder how we can run a program on Entrepreneurship and teach them how to start their own business without the use of tech in this modern age.

I wanted to give a short and sweet reason for why that is and let you know how we believe technology fits in. With our Incredible after school programs starting just around the corner (register soon to save your child's seat!)

Technology is, without a doubt, a powerful business tool that has enabled businesses to grow faster, extend their reach to more customers, and allowed them to streamline otherwise huge expenses in way of manufacturing, customer ordering and so on. It's basically mandatory if you want to start or own 99.98% of businesses out there today and be successful. So why don't we, not only encourage the use of technology, but ban it, from our Learning Labs?

Simple. Learning technology has nothing to do with learning to become an entrepreneur.

Here is what I mean.

We are teaching the understanding, methodology, and problem solving. savvy skills required to launch a small business. Businesses don't tend to fail because of technology (unless they blow their budgets on unnecessary tech). They fail do to not understanding why they are doing something, skipping crucial steps (such as testing their product) and confusing their customer.

We want kids to be able to dive in and build their business quickly so they can learn, implement, adjust, learn, implement, adjust and so on.

Here is an example. Our students will be coming up with a name for their business, a logo and then carrying that forward onto their marketing signage and packaging of their products. We could set them up with design software and have them go back and forth to learn the program and try to create the desired look that isn't the point of the exercise.

The point is to learn what branding is, how it impacts a consumers perception of what you are offering, and why consistency and brand integrity is key. Whether it's computer generated or creatively drawn by hand doesn't matter. They can learn more about creating a more crisp and professional look if they decide to pursue their business further after their program. We need them to understand why, take action, gain a reaction and feedback from customers, reflect, and do it again.

Beside, many of our students take our program and start a business but by the end, decide they want to try a different business, or pursue their current one by stepping it up a notch. Wasted time learning new programming can slow them down and, frankly, be frustrating when all you want to see is progress.

We are very excited about our upcoming after school programming, and especially the Kids' Market Day where everything they have learned is applied. As we develop more and more budding young entrepreneurs, we look forward to offering additional courses that can develop their base level skills and demonstrate the power of technology, when it's used safely and effectively.

For more information on our After School Programs, Click Here

For our current Fall Schedule that is Registering Online NOW, Click Here