enterpriseforkids.com

Inspiring kids to be entrepreneurial.

Kids Biz Program (by Amber)

November 26th, 2016

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A wise man once said…

“The most successful people in life are the ones who ask questions. They’re always learning. They are always growing. They are always pushing” (Robert Kiyosaki).

 

This quote best sums up what my family and I have been doing these past few months.

Flynn and I kerb painting

Flynn and I kerb painting

We are currently involved in a Kids Biz Program. The program educates younger people (and their parents) the traits of being a successful entrepreneur. We are taught the physical methods and the ways in which to train the mindset to be more successful and open to new ideas.

Every month, the program sets a challenge, which encourages us to take the skills we’ve learnt and apply them to real life situations. In August, our challenge was to take $20, and create a business that will earn us profit. To win the challenge we were to make the most money from our $20.

Naturally, my family was slow to get started and we kept circulating ideas but never taking action! Finally we had an idea that stuck, and from there it really just exploded! Our idea was to paint house numbers on kerbs, which would help visitors, family members and even emergency services to be able to find where people live easily.

Kit putting the final touches onto the kerb number

Kit putting the final touches onto the kerb number

We did our fair share of research and planning, and then we took action. In 5 days we presold over 60 kerb paintings, giving us a profit of about $1000.

Amazingly, we won the challenge for the month! We spent September painting kerbs. It has been an awesome experience so far (and I swear my artistic ability has improved).

I’m really excited to share with you our Kids Biz Program September challenge!! That I’ll tell you all about in my next post.

We invite you to like our new Enterpriseforkids Facebook page.

 

THE $100 Family Enterprise Project!

May 3rd, 2012

For our kids to develop the skills and habits of an entrepreneur, they need to begin somewhere. But where? The beauty of Cathy and I having a wealth creation Mentor at our disposal, is that we could take the invaluabe information we had been learning and apply it in small pieces to developing the mindset of our kids.

This process also involved us having a good, hard look at how we operate in our own lives in regards to planning, organising and taking ation. Cathy loves to plan things out in her head and on paper before starting a task, and once satisfied, will start when all structures are in place.

I, on the other hand, like to dive in and see where it leads. So a happy compromise was met and we decided that the kids just needed to come up with an enterprise idea and just get started. We could refine the process later.

Getting the kids to kick off with an enterprise project (when they have little idea as to where to even start), was easier said than done. But I knew that some of the things that had held us back over the years was “waiting” until all conditions were right. This saw us miss many great opportunities that were out there.

So we just “started”. Admittedly it was a bit like the blind leading the blind…but we went in with an open mind and decided to see what would happen and where it would lead.

Goal setting for "Enterprise for Kids"

Chayse and Kit drawing their goals.

 

 

 

 

 

 

Check out our very first videos. The filming is pretty rough as we had our 15 year old daughter using her “creative” license whilst filming, but you’ll get the gist of what our project is all about if you watch them. Here they are…

Handing out the $100 notes!

Kids considering their goals

For those of you who would prefer to read, I’ll give you the run down…

I presented of the kids with $100 each! (except the baby….as all she would do is try and eat it!)

 

$100 Family Enterprise project

Raining $50 Bills

... and more!!

Wow!!!” was their first response. An early Christmas present!

“Ohhhh” was the next response. More sedate now that there seemed to be a catch. But they listened to my proposal.

They were to use the money as start up capital for an enterprise, and (much to their disappointment), weren’t to spend it on themselves. In fact they were to pay me back once they had attained their business goal.

I was a bit soft on them though. I also said that I would take the risk and if they were unsuccessful and weren’t able to pay back the $100, then I’d accept that and absorb the loss. I did this because I wanted them to give their enterprise a go and I was conscious that if they were hung up about having to pay me back, then they may worry about their loss and as a consequence not find the courage to even start to play the game.

Loaning the $100 was the first step in our elaborate plan to give our kids a shot at being entrepreneurial with their kids enterprise project.

Check out our next blog for the subsequent steps in our entrepreneurial quest………

enterpriseforkids.com

Inspiring kids to be entrepreneurial.