enterpriseforkids.com

Inspiring kids to be entrepreneurial.

An Apple a Day Keeps the “Fremantle Doctor” in the Bay!

May 23rd, 2012

Jai, like many teenage kids, is fascinated by the internet, social media and gaming. If you allowed him, he would spend day and night on his computer, iPod or cell phone chatting to his friends, playing games or searching the net. We are careful that he is well rounded with a balance of activities such as kicking the footy and playing with his family, whilst at the same time allowing him the opportunity to immerse himself into his passion.

Jai leads a balanced life.

Jai loves technology

 

 

 

 

 

 

 

 

 

 

 

 

 

When we introduced the Family Project to Jai he knew exactly what he wanted to do. In fact his very grand idea was spawned by a family friend who has been able to develop a hugely successful company based around building Apple Apps for iPhones. Let me tell you in a nutshell his inspiring rags to riches story.

A friend of ours was originally from Switzerland and had worked most of his life in a newsagent. He also had a passion for windsurfing and would take every opportunity to visit the West Coast of Australia in pursuit of the consistent strong summer winds that make the WA coastline a windsurfer’s heaven!

In Perth, the capital city of Western Australia, the wind is named the Fremantle Doctor because it appears to come from the nearby coastal city of Fremantle, and it brings welcome relief from the summertime high temperatures.

Our friend then decided to leave his Switzerland home to follow his passion (and the Fremantle Doctor!) and set up home permanently in Geraldton (a small coastal city 500km north of Perth). He literally became a beach bum who spent his afternoons windsurfing and kite surfing and in his ample spare time he would play around on his computer.

He taught himself how to program apps for Apple iPhones and was able to make a few simple applications which he tried to sell online.

This is where his enterprise kicked off!

From the comfort of his backyard hammock, one of his Apps began selling. Sales exploded, and millions of people from all around the world downloaded it, and for each download he received a payment. He became an over night millionaire!

This entrepreneur has since built a multi million dollar company with three other partners, all from Switzerland, who incidentally, have also followed the Fremantle Doctor to Geraldton!

What this amazing man, with no formal qualifications, has managed to do in only a few years is mind blowing.

His story inspired my fourteen year old son. Jai’s enterprise plan is to build an Apple App and sell it online. How he will manage to do that is not known yet. All he has to do is have a goal and a rough plan, then focus on and tackle each of the steps one by one. Maybe Jai too will become an overnight success like our friend!

Jai often has "hair raising" ideas...

...but he always settles for what he's good at!

 

 

 

 

 

 

 

 

 

 

 

 

 

In our next blog we revisit Amber and see how she is going with her New From Old enterprise.

The Candy Man Planning an Enterprise!

May 13th, 2012

All kids love lollies (Candy for our American readers)! Chayse too really loves lollies! So it came as no surprise to see Chayse planning an enterprise that revolved around lollies.

Now Chayse is only four years old so he needed a little help formulating his plan. Initially he liked the idea of buying a heap of lollies, but I think he was thinking that he was going to be the one eating them!

Eventually, after much explaining, it became clear to him that he would be selling them, not eating them himself. His brothers and sisters all thought his enterprise idea was pretty cool and I’m sure were thinking, “Why didn’t I think of that!”

Chayse planning an enterprise with his $50 start up capital.

We don’t have a video of Chayse explaining his business plan. In fact, there isn’t much to it so I’ll just explain for you here.

We have lent Chayse $50 to run his business. He plans to buy large bags of lollies from the supermarket, bag them up into small mixed bags, then sell them for twice what he paid. His market will be all the hungry kids who play and watch soccer games on Saturday mornings at the local soccer fields.

If his enterprise goes to plan he will double his money or get 100% return! That will put a smile on any young four year old’s face.

We will keep you updated with how his money making enterprise goes.

Next up is Kit planning an enterprise. Kit is so excited that he reminds me of our late over-zealous Jack Russell Terrier when she used to go out for a walk!

New From Old!

May 9th, 2012

My family immigrated here to Australia from Kenya back when I was just a kid in 1970. They came out with little qualifications, money or possessions and were supporting a young family. In order to make ends meet, my mother became very good at hunting down a bargain at a variety of places, including thrifty stores, lawn sales, second hand shops and markets. Years later she opened her own second hand goods shop and did exceptionally well out of it as a small business.

Amber was looking for an enterprise idea. She knew her Grandmother was an expert at finding bargains and then on-selling them for a profit. Her Gran suggested that Amber start her search at the local tip’s recycling centre, a place where thrown-away items are put aside, then sold to the public for next to nothing. Here was a wonderful opportunity to buy something, fix it up and resell it.

Gran is a great bargain hunter.

Fossicking for "treasure"

 

 

 

 

 

 

 

 

 

 

The old saying…“One man’s trash is another man’s treasure!” was to ring very true here.

So that is the basis of Amber’s new business.

To create something new from something old.

Her business plan is very sound and she’s definitely onto a winner! She is very proud of what she has come up with and shares it below in this short video. Just click the picture of Amber to view her new enterprise idea!

Amber

 

 

 

Next we will share Flynn’s business plan for his new enterprise. It is really a honey pot of gold!

enterpriseforkids.com

Inspiring kids to be entrepreneurial.