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


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

     


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


Being Aware While Still Having Fun!

This weekend was a fun filled event for Build a Biz Kids. We were honoured to be volunteering at the Port Moody RibFest in the Kids Center where we had an information booth along with 3 games for kids of all ages. If you haven’t been to RibFest before, you missed out on a great event so be sure to put it into your calendar for next year.

But back to the topic of this blog. Every time we do an event we love people/family watching and observing others as it can help you to learn a lot about yourself as well as perhaps seeing through a child’s lens of the world and the people they interact with around them.

I have a few stories I would love to tell over the next few blogs that I hope will help you with your own personal journey of continuing to become a great parent and mentor to your children so they, will in turn, become successful and fulfilled adults.

The first story is an observation our VP noticed of a family of 4. Mom and Dad along with 2 kids between about 6 and 8 years.

We had 2 great games provided by the event, both along the same lines. Throw the ball or hit the puck into the wooden cut outs to test your skill & accuracy.

This family was undoubtedly having a wonderful family day together. They looked like any other family when they walked up, however, he just noticed that through their fun and laughter, they may have created a behaviour habit that we noticed wasn’t encouraging their children to try new things or take risks. Of course, once observing this, I encourage you to look in yourself, as we try to do, on whether we are also unknowingly do this as well.

Here's the innocent interaction that occurred. Each parent went up to the football toss to try their skill at throwing the football through one of the two holes in the quarterback cutout. Mom walks up and takes a try, misses and the ball bounces off the boards. The dad starts laughing very hard and encourages the kids to do the same. “Haha, you missed!”

Dad steps up and tries, misses as well. Mom roars in laughter and gets the kids giggling and pointing at dad and how he failed. “Haha, you suck!”

Everyone was having an innocent enough of a time and laughing lots which is always great but when the parents asked the kids if they wanted to try…. Unsurprisingly, each said no.

This exchange was short and innocent. Something I can see myself doing with my friends at a carnival when one tries to win the big stuffed animal and doesn’t even come close to making it. We all laugh and taunt them and it’s all in good fun with no ones feelings getting hurt. We all understand the spirit of the moment and it's a super fun time.

But in this moment, the parents are having a great time but have perhaps unknowingly created an environment where their kids don’t understand that “spirit” and have developed a fear around failing with witnesses. They have seen what happens to you when you “fail”. You are mocked, laughed at and told you suck by those you hope to have acceptance and encouragement from. Who would want to take risks in that environment?

I write this not to shame this family. Truly, we have all done this as kids, teens and adults when around peers. But like many instances, our kids haven’t developed their confidence yet and need reasons to try new things, not shy away from them.

All in all, it can sometimes be tough to understand context as adults when it comes to how you relax and converse with your best friend and significant other, vs when you are around your kids. Laughter, joking, and lightheartedness is strongly encouraged; just remember, the minds of children don't develop over night. They evolve based on the conditioning their environment presents to them.


The Summer Slide

It’s that exciting time of year when routine is thrown out with last years’ workbooks!

Growing up, summer break was exactly that, “a break”. We counted down the days until our school year ended so we could turn off our brains for two months. The only math I would do was to count the change I found in the cushions to know if I could afford anything when I hear the ice cream truck music. Today It’s the same for my son. Just last night I heard: “…but I’m trying to not do math because it’s summer and I’m giving my brain a break.”

We are beginning to learn more about the impacts of this break on our kids. It’s called the summer slide. It’s not a new ride at Playland. It’s the challenge of parents and teachers every summer to maintain the learning momentum.

In a recent discussion with the team at Kumon, I learned more about the affects of ‘Summer Learning Loss’. Here are the chilling stats:

  • Students will lose 2.6 months of math computational skills over the summer.
  • Students will lose 2 months of reading skills over the summer (on average).
  • By 6th grade, students will lose more than 18 months of learning due to summer learning loss.

By the time the school bell rings again in September, some students are prepared for a new year of curriculum while others require six weeks of catch up to re-learn last years lessons. So how can we keep our kids engaged throughout the summer and send them back to school ready for a new year?

Apparently, it takes just 17-25 minutes per day of focused work to prevent summer learning loss. Here’s a few fun ways to keep kids engaged in learning throughout the summer.

  • Enroll them in a Summer Learning Programs such as Kumon

- They offer Individualized support, not tutoring, to address the root of their challenges and gaps in knowledge. They teach students to re-learn the foundations so they can excel quickly at their current grade level. Here is how Kumon works

  • Enroll them in Summer Camps that are fun but also engage their minds

- Summer Camps help with social engagement but also, depending on the camp, offer new ways to learn and engage the mind.

BuildaBizKids.com offers entrepreneur camps to stir their creativity while engaging in financial literacy, reading comprehension and social awareness.

  • Find Online Workbooks or Programs

- A quick Google search can offer assorted paid and free worksheets and programs they can do online or print and complete.

  • Create an at home Daily Reading and Mathematics Challenge

- Your local library will have great programs put on each summer to encourage ongoing learning as well as incentives for reading with rewards.

The key with any of these activities, is consistency throughout the summer. Give them time to run, to socialize, to be creative but also to apply what they have learned in school to the world around them. Try making it a group activity with their friends and let them contribute their own ideas on new & exciting ways to apply their knowledge.

Summer is a time for fun, that’s for sure. But when September comes around again, if they aren’t as stressed out with learning or catching up on the curriculum, then suddenly school becomes a fun time as well.


Proud New Members of The Chamber Of Commerce!

We are very excited to be a part of the Tricities Chamber of Commerce. At our first kick off event last night we made some incredible connections, reconnected with old friends and were offered a wealth of helpful introductions and information.

To our upcoming StarterPreneurs, networking is a very important aspect of building your own business. What is networking? Networking is socializing with new friends. Fun right?! It is possibly the best thing you can do to grow your business. It doesn't cost much, if anything at all, except for your time and contribution to those you meet.

So who can you talk to today about your micro business idea? What can you do to help them with their goals? When you help others, they want to help you in return.