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


Meet Alexa! This Weeks KidPreneur Profile!!

Alexa is a Real KidPreneur! Here's a bit about Alexa and her journey as a KidPreneur with Build a Biz Kids!

It Started at Summer Camp!

Alexa started with us at just 10 years old in our Lemonade Stand Challenge Summer Camp with her brother. Her camp worked hard and was divided girls against the boys. Together, both teams created their own business strategies and launch their businesses to raise funds for the great local Charity, Starfish Pack!

Altogether, these students raised a HUGE $490 in their 1 week camp!!! WOW!

Full KidPreneur Spring Program, Continuing Her Development!

Next, Alexa took on the challenge and enrolled in our 10 week KidPreneur Start Up Program where she was inspired by a family friend's business. From that, Alexa's Take-and-Bake was born! She sold mason jars filled with Delicious Chocolate Chip Cookie ingredients that you can just Take-and-Bake! Her packaging was beautiful and her Pop Up Shop Launch was a Success! She says that she is excited to keep growing it with new recipes!

Alexa's advice to other kids wanting to start their own business is twofold.
1. Focus on your packaging and display. Attractive packaging and a nice looking business will attract more customers to your business to buy from you.
2. Practice your elevator pitch. You will need to practice what you want to say to a customer because you only have a small amount of time to tell them what you have.

Continuing Her Practical Skills Development

Alexa, along with another BBK KidPreneur Ishani, did an Instagram Takeover for Ruben's Shoes at their Annual Ruben's Rukus event! Alexa and Ishani were able to go around interviewing kids about their experience and building their public speaking and confidence!

Where to Next? 
The great thing about Alexa is she loves a new challenge. She takes over the mic at her brothers ball games to announce the players during the game and is in musical theatre as well. I'm sure we haven't see the last of her!

Your child can start their entrepreneurial journey This Summer! The Lemonade Stand Challenge is BACK along with a brand new camp, Inventor's Paradise!

View more on these camps and our other programs here! 


What Will My Child Learn From Entrepreneurship?

It's a great question. If I spend my hard earned dollars and place my child in an Entrepreneurship Program, rather than something else, perhaps more conventional, what will they learn? What will they get out of it?

It really is a great question, but it also really depends. Here is what I mean:

Meet Jake. Jake is an incredible kid that we had the pleasure of working with last fall in our KidPreneur Programming. Jake is full of energy, ideas and was excited about what he was about to embark upon. This was Jake's first semester with us.

During his first program, Jake commented in his interview that he loved building a business. He liked working with money and he liked designing his product, which was a dog leash. "That's great", you might be saying. Jake had fun. But what did he get out of it? What did her learn?

For that answer, we could ask his parents. In their interview, they were so happy to find a program that Jake took an interest in, as well as ownership of. He wasn't a big into sports or other conventional kid activities. This was something where he could express himself, make BIG decisions and see the fruits of his labour, not just in money, but in reactions from the general public, his peers and his own internal satisfaction.

How do we know so much? Aside from the obvious answer that we try to ask each student and parent for feedback and insight, we know because Jake came back to take the same program again and this time he did things differently.

His first product, dog leashes, was at the higher end of the price range at $12. For that reason, he noticed that he didn't sell quite as much as some of his fellow classmates whose products were in the $3-$8 range. He also noticed that the food items were selling out at most booths. With observations like these, he rolled up his sleeves and made a plan.

Jake's Giant Cookies were born and THIS business was a HIT! His GIANT Cookies were one of the first booth's to sell out and that was as much as any entrepreneur could hope for.

At Build a Biz Kids, we know that our students are more receptive when other students teach them, as opposed to adults, so whenever possible we try to create opportunities for that to happen. When a student returns for a second or third semester, we offer them the opportunity to choose a class where they feel they can add the most value and teach a portion of class. Jake LOVED Market Day, which is interesting because he didn't do as well as he had hoped the first time around, but he learned a lot and was keen to share it. He spoke of how to prepare for the day, what to bring and so on, as well as how to talk to customers to get a sale. The advice was great for the other students to hear but what an incredible opportunity for Jake to be a mentor in his class.

So, when a parent asks us, what will my child learn, it really is hard to say. We can answer with things like financial literacy, problem solving, public speaking, build confidence and leadership, but it really depends on your child. Each student loves a different aspect of class, a different stage in building a business. Some love the creative outlet in product design and marketing, others love the challenge of speaking with the general public and seeing what reactions they can get out of them. Others just love the idea of making their own money. But they always learn something. EVERY Child pulls real world life skills and builds resilience that can carry them through into any activity they venture into in life.

That is what this program is about. It doesn't matter if your child becomes an entrepreneur when they grow up. That's not the point. The point is the give them the space to make decisions that impact, for better or worse, something they care about. Something they are calling the shots on and taking full ownership of. This is life. We are just exposing them to it a little earlier in a safe environment rather than thrusting them into it after high school graduation when real debt and consequences can be more significant.

 


Never Tell Your Child They Are Smart

That's right! No catch. No bait and switch. Truly, never tell your child they are smart.

I, like many parents, have an innate fear that I will screw up my child in some way. One day, I will say that one thing that completely screws them up. I will be having a bad day, my patience will be low and BAM. It will fly out of my mouth and I will never be able to take it back. Their confidence will plummet, they will throw it back at me when they are 18 and angry at me, and any sadness they have, I know it will because I failed them that day.

Well, that may happen, but I have something significantly more scary to share with you. In fact, you have almost with certainty, already "screwed" them up and it was during a moment that you were calm, thoughtful and even fully conscious of the words coming out of your mouth. You deliberately said these words with the intention of helping them, boosting their confidence and making them smile.

One of the greatest books I have read on parenting is not really a parenting book at all. It's called Mindset and it's by Carol Dweck. I read this book upon recommendation by someone I trust and it is one that I believe every parent, employer/boss, teacher or influencer of any kind should read. In fact, even if you are not an influencer to others, you are to yourself. You determine your own values, self worth and potential. The trouble is, most of these "decisions" that you made around these topics, were suggested to you by others, and you adopted them to heart.

Do you remember that time they got an A in spelling and you told them how smart they are?
Or what about that time she hit the baseball and got a home run and you told them they were the best player that day?
Oh, and what about that time he did that school play and you told them, "you're a natural! I can't believe how great you are at that. I am so proud of you!"

Well, If you have said any of the previous statements, you have screwed up your kids. Crazy right?!?! I know! It scared the poop out of me so I wanted to understand why.

To save my typing and missing some key points, I very strongly encourage you to watch the video below. It is a summary of a study on Praise for Intelligence vs Praise for Effort and the INSTANT ramifications of it. If you have a Fixed mindset yourself, which most of us do, this will be troubling. But if you have or want to develop a Growth Mindset, you will find this incredibly empowering and want to learn more.

https://www.youtube.com/watch?v=NWv1VdDeoRY

This was such a simple study that was all done in one day that had such dramatic results, for better or worse. Can you imagine days, weeks and months of this subtle change in praise and the positive results that could come if they heard it from teachers, coaches and of course, parents?

Build a Biz Kids trains our facilitators in a growth mindset and are continuing to learn more and more about our impact on students. We would like to encourage the parents of our students to join us in learning and practicing the subtle difference and see the incredible results.

My son would often give up very early on projects and not want to strive to go the extra mile on something like handmade birthday cards, school projects, and yes, even his business when taking our program. But once we discovered that some of this lack of effort might actually be our fault, we made a change, and the results were immediate!

Last week he, not only sat with no iPad or TV in the background, he completed his first ever model airplane. He painted and glued and and did everything he could until he had to wait for everything to dry. He even had a bit of a meltdown when he thought he broke a piece but the next time he was home with time to work on it, he couldn't wait to get back to it! Now he is looking to find the perfect model car to take on next.

We still catch ourselves when talking about how he played at baseball or in his school play wanting to tell him how amazing the results were, but we are getting faster and faster to catch ourselves and praise him on the effort he put into going to baseball practice each day; working really hard on remembering his lines for the play by reciting them in the car on the way to school and how impressed we are by the effort and creativity it took for him to come up with such unique ideas for his handmade birthday cards.

While not everyone in his life may understand fixed vs growth mindset or praising on effort rather than results, as parents, it starts at home. To date, this has been one of the most important blogs we have written and we really hope you will watch the video above to learn more. I really hope you will read the Book Mindset as well. We get zero dollars by promoting it.

Lastly, we hope that you realize that as a parent, an employee, as a friend, an artist, an entrepreneur and all of the other titles you hold, you, too, may have a fixed mindset based on fixed praise and values you were given as a child, and even as an adult. But with awareness and persistence, you can reprogram yourself to want more, do more, and have greater confidence to take on new challenges.

We wish you growth


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


Coming to a City Near You!

Build a Biz Kids is Growing!

That's right! We are expanding from 3 cities to 10 this fall! If you live anywhere in the lower mainland from Maple Ridge to West Vancouver, we will have a venue convenient for you and your KidPreneur this fall, 2019!

Over the next few weeks, we will be releasing each cities dates & venues and opening up registration.

Stay Tuned and get ready! Your KidPreneur is going to amaze you with what they are capable of this Fall!

 

To be the first to know, be sure to Sign Up for our Newsletter and Like Us on Facebook!


Meet Violet, One of Our Boldest Students Yet!

Have you seen Violet's business? If you have been anywhere within a few feet of it, I bet you have. How do I know? Because Violet is incredible at speaking to Every New Potential Customer who walks by her table and won't let you walk away until you hear about her budding business!

While all of our students are excited to build their business and are nearly bouncing off the walls the night before a big Market Day, Violet really focused on her training and understood that it isn't enough to just set up her booth and hope people come running. It isn't about a shy child vs one that is not. It was about her focus on getting the job done and working through what works best and what doesn't. Violet wanted to be successful and continues to practice this skill.

For all of our Build a Biz Kid Graduates, we offer additional opportunities to build their businesses and learn new skills. Violet jumped at the chance to participate in a real adult Market hosted by the Tri Cities Collective in Port Moody.

Her first Market Day was a part of her program with Build a Biz Kids. She set up shop, spoke to customers, made some sales and had a lot of fun. when she came to set up for her second market, Wow! Violet didn't just set up the same business and hope that things went better. She improved her business, she observed other students businesses on the previous market day and then tried some new approaches.

The first thing she did was expand her product line strategically. Violet sold handmade jewelry using up-cycled materials. She offered earrings and bracelets with reasonable price tags. She had a beautiful display with all of the colors everything came in for easy view and clearly marked information with prices.

So what did she add? A simple, low cost matching hair pin. She consciously thought of price when making these because she wanted an easy up sell or low cost item for someone who didn't have enough money to buy a full set. By the end of the day, we asked how it went and, low and hold, her hair pins were the best seller.

We try to make a point to interview each student at their market to understand how they are processing the day. This market was different. They were set up next to adult vendors selling competitive products who do this for a living. That's some steep competition so we asked her how she felt about it. “It’s cool and doesn’t feel competitive because none of them are anything like my products." YES! That's exactly the mindset we hope to instill in each KidPreneur. What you are doing is special and unique; just focus on your customers and your business model. There is enough room for everyone.

We asked Violet what she learned at this market and what she might do differently at the next one. She noted that her earrings weren't selling as well as she liked, but her bracelets were. “For the next market, I might make some adjustments like a better display or lower the price.” The learning process is never complete in Entrepreneurship and Violet is a Real KidPreneur taking this approach.

It can't be underestimated how much resiliency is developed by placing our children in these kinds of real world situations. By giving them the right mindset before embarking on something so BIG in their worlds, Violet saw a lack in sales as an opportunity for HER to improve. Not to complain about how the world is not giving her money or treating her nicely. This attitude will serve her in all aspects of her life as she grows into an incredible teenager and adult.

Violet gave some quick advice to other kids wanting to start their own business. “Know where you are going to sell and your target customer and don’t make too much product or you’ll be selling to your friends forever!” That is fantastic advice Violet! See you at the next Market Day!

To find out how you can register your child for one of our KidPreneur Programs, visit our website.
Program Descriptions
Program Schedule

     


What About After Their Business Program?

We are so excited to meet & work with each and every child who enters into a Build a Biz Kids Program, but we are EVEN MORE excited to see what they go on to do afterwards!

Our mission is to help students learn the critical skills required to take action on their ideas while helping them develop empathy for the world around them. Our programs do not just teach theory, but practice Action! But practice in learning lab can only go so far. We need our students to identify opportunities outside of our program and in their real lives. That's practice; that is putting in their 10,000 hours to mastery.

Every graduate, & their parents from one of our programs, is invited to a very special Facebook Group that focuses on future development. Our students have been notified of additional opportunities to run their businesses throughout their communities. They have also been invited to additional education events and so much more!

In just the last week, our students have been able to participate in 2 incredible opportunities. Last weekend, our students set up shop and joined in a Real Adult Handmade Market through the Tri Cities Collective! That's right! They got to set up their businesses right next to adults who do this kind of thing all the time to make profit and provide for their families. That is real world experience that they will reflect on for years.

But my most favorite activity our students were invited to was a Pitch Competition hosted by SingularityU & I-onConnect. That's right, a real live Dragons Den where 5 finalists got to pitch their businesses to a panel of 6 judges and the winner walked away with $40k and support to make their business really take off. For a KidPreneur of 10 or 11 to get to watch something like that was incredible to see. It was some high tech content, in some cases, and big picture ideas, but they all "got it". They not only got it, they asked great follow up questions, had their own opinions based on what they heard, and overall, kept remarking how exciting it all was.

Kids, and people in general, only know that which they are exposed to. In just 1 week, Build a Biz Kids Students were able to rub shoulders running their businesses alongside as equals to adults who have been doing it for years. They were able to learn from these veterans on what works and how they can improve. They were also given the "thumbs up" from the winner of the pitch competition and told that they could do this too. That they could have an idea, learn how to make a great pitch, and that others who believe in what you believe will help you make it a reality.

All in all, this week has been a busy one, but full of momentous moments that will surely stick with these lucky students for years to come and shape the many spectacular things they do.

We invite you and your children to become a part of our alumni. Expose them to all that is possible in the world. Show them what you wish you were shown as a child. Give them the opportunity to learn the skills, that took us 10 and 20 years to learn, now.

Summer camps are open for registration online. Our fall KidPreneur Programs will be opening for registration soon. Be sure to like us on Facebook & Sign Up for our Newsletter so you wont miss any of these great opportunities.

We look forward to meeting you and your KidPreneur soon!


16 KidPreneurs Launch Their Businesses!

It was an exciting day at Henderson Place Mall on November 24th! 16 Build a Biz Kids, bright eyed and primed with nine weeks of business launch preparation stormed the mall to set up shop. Armed with their handmade signage, display decor and for some, copious amounts of product; the kids each built their own stands ready for their first customers.

Branding and merchandising lessons prevailed as we watched each of the unique businesses take shape. From disco lights & music to chalkboard menus for gift set options and even a ‘Square’ device to take card payments, these kids came ready to impress.

With a bit of nervous excitement and an encouraging high five, each business ‘opened’ and our KidPreneur Students became Real Business Operators. As the typically quiet mall was quickly transformed to a bustling marketplace, it wasn’t long before my shoulder was being tapped by a lineup of kids full of pure joy because they wanted to tell me they made their first sale.

For four hours, we watched our entrepreneur lessons come to life with professionalism. We were so impressed by how disciplined each student was as they presented their products and turned each onlooker into a paying customer.

They practiced! There wasn't an excuse to not buy that they didn't have a rebuttal for.  "I don't have a dog that needs a leash" was answered with "Do you have friends that have dogs?". "I'm not hungry at the moment" was quickly converted with "but you might be hungry in an hour."

But not every customer was so kind. "I don't like slime" and "No, no, I don't want any" were also met with smiles. In fact, the kids all giggled it off saying, "Wow, they are grumpy!"

These encounters, although at first glance may look negative, will build up thier resilience & communication. This one day will provide years of confidence and empowerment for them to draw upon when life starts to feel tough.

The amount of support from parents, friends and our incredible community has left us speechless. Before the market ended, more than half of the business had completely sold out of product. But even though they sold out, not one child left but rather stayed to support one another, talk to customers and some even took back- orders for more products.

Not only did every KidPreneur have an incredible day of success, many, if not most, overcame some form adversity to do it.

We can't wait to hand out these hard working graduates KidPreneur Certificates and celebrate graduation next week.

We also can't wait to meet our next group of students in our Winter/Spring program starting next January. If you would like to learn more or enroll your child into one of our programs, Visit Our Website Here