Benjamin's Entrepreneurial Journey

Starting a business is a Journey no matter how old you are! This is Benjamin's story from choosing his product, the trials and errors of perfecting his product, to making game day decisions to increase his sales and success!

"My name is Benjamin an my business is called Benjamin’s Bomb-a-licious Bath Balms. The teacher of the class was doing a slide show and none of them really caught my eyes or my focus but when I saw the bath bombs I really felt engaged and I really wanted to do it. It took me a long time and a lot of tries and they always kept on falling apart. We actually made them last minute yesterday 9 to 12. There's a lot of things here that you don't learn at school and I had no idea they ever existed before I took this program. It also, it teaches kids how to fend for themselves instead of their parents buying them stuff and learning to earn money and learning how to do this before they grow up. Well I didn't really get a lot of customers at in the first 30 minutes so I was kind of worried 'cause I didn't make any money, but then my uncle came and he told me to upgrade my elevator pitch and now I have a lot of customers"

Click here to view next semesters KidPreneur Program Schedule

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Kid entrepreneur programming is offered by Build a Biz Kids, a local non profit society focused on helping kids to develop and strengthen their essential soft skills. Students gain confidence, and learn foundational skills such as critical thinking, resiliency, financial literacy, leadership, decision making, self awareness, communication, public speaking, and so much more! Find out more about us and our incredible students at http://BuildaBizKids.com


Owen's Lesson in Resiliency

Are you ready for a lesson in Resiliency? Meet Owen from Purrfect Totes! he has a few lessons he wants to teach you, and kids, about starting your own business and how tough it can be sometimes.

"My name is Owen and my business name is perfect totes. My favorite part of the program would probably be during market day because market day is when you get sales. You're so happy but then people don't come and you have to prepare yourself to get ready for people saying no to you and being denied. Everybody should take this program because it gets you prepared for real life. people are gonna say no to you, walk by you and say I'm gonna come back later and just run. So it's a great program to get you ready for people to say no and still say thank you."

Click here to view next semesters KidPreneur Program Schedule

*** Like Us On Facebook - https://www.facebook.com/buildabizkids/
@buildabizkids
**Follow on Twitter - https://twitter.com/BuildABizKids
@buildabizkids
*** We are On Instagram!! - https://www.instagram.com/buildabizkids/
@buildabizkids
** LinkedIn Too! - https://www.linkedin.com/company/build-a-biz-kids-bizkids-practical-education-assn/

Kid entrepreneur programming is offered by Build a Biz Kids, a local non profit society focused on helping kids to develop and strengthen their essential soft skills. Students gain confidence, and learn foundational skills such as critical thinking, resiliency, financial literacy, leadership, decision making, self awareness, communication, public speaking, and so much more! Find out more about us and our incredible students at http://BuildaBizKids.com


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


Trial & Error

Have we forgotten how to let kids fail?

I always want to teach my son how to do everything in the most efficient way. I struggle to stop myself from correcting him before he begins. There is a quote from the developmental psychologist Gordon Neufeld “Never do for a child what a child believes they can do for themselves.” Although I believe this quote speaks to a greater need of empowering our children, it also touches on how the process of trial and error is a powerful learning tool.

In the idea stage of our program, everyone is an expert. They know exactly what their product will look like, what steps to take to make that product and how easy it will be. However, come prototype day, there is a lot of learning. The ingredients were hard to find, the process took longer than expected, there was an issue with the way the materials combined and now our KidPreneurs have to find a solution.

Exhibit A, one of the greatest soap mixing entrepreneurs of our time! Or in other words, my son who wants to make soap as his business idea for his program.

For weeks he went back and forth on which Pintrest soap he wanted to try and recreate and how it would look, feel, and smell. But while shopping for ingredients, he discovered there are way more options for colours, smells and ingredients (shea butter vs. goats milk, lavender vs cinnamon, red vs red and blue swirl) and everything was in it's raw form which looks a lot different than his Pintrest wall.  Every decision he makes on these ingredients will impact the final product. He had to figure out which combination would produce the vision he had in his mind and was determined to create.

After making his careful selection, he took his ingredients home to experiment. Even though this budding entrepreneur loves the process of experimenting and exploring, he was disappointed his first batch of soap looked nothing like the image he has held in his mind for weeks. The colors didn't mix right and the soap had bubbles and an uneven finish. So began the work of trouble shooting and refining the process.

Perhaps mixing the colors into the soap and then pouring into the molds will work best. The white soap is thicker than the clear soap so maybe it needs to be heated longer. What about a 2 color swirl effect?

He was much more satisfied with his second bath of soap and seeing how a new technique could change the outcome.

I firmly believe that if the first iteration of soap was exactly as planned, our KidPreneur would have missed an exciting opportunity for personal growth. What he learned through through this process is a level of confidence that he can find a way to achieve his vision with enough time, thought and a second attempt.

What every entrepreneur should hold dear is the notion that any vision is possible if they are willing to put in the time and effort for trial and error. If we can show kids that the greatest reward comes after effort and tenacity, then imagine how much more of the world they will get to experience.