enterpriseforkids.com

Inspiring kids to be entrepreneurial.

Flynn’s Honey Investment Continued……

June 1st, 2012

You may remember from a previous blog that Flynn’s Enterprise for Kids plan was to buy honey at wholesale and sell at retail. All he needed was a good source of cheap quality honey that he could buy in bulk.

Flynn’s Grandad has kept bees for over twenty years and had a number of hives which he regularly harvested honey from. The honey produced from his bees is very light in colour and tasty as the bees forage over the Mid West fields of Paterson’s Curse and coastal gums. Flynn knew that he had a good quality product.

His plan was to pay a visit and strike up a deal with his Grandad!

Flynn’s Grandad saw that Flynn had thought through his plan. He was more than willing to support Flynn with his new honey enterprise. Flynn negotiated a  good price per kg, however, the deal included Flynn having to help his Grandad rob the honey from the hives. Listen to Flynn explaining the deal he has made with his Grandad by clicking this link!

Flynn donning his gear.

Flynn with Grandad

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flynn was up for the challenge! He donned a pair of overalls, gloves, boots and bee veil. Then he and his Grandad disappeared for the morning, returning later in the day with a heavy load of honey supers in the back of the ute. They were carted around to the rear of the house and quickly stacked in the garage. Already the local bees were honing in on the honey, hoping to pinch it for their own hives. The garage door was closed to keep the bees out.

Flynn slotting the honey combs into the honey extractor.

Extracting the honey from the honey combs.

 

 

 

 

 

 

 

 

 

 

 

 

Grandad sliced the caps off the honey combs with a hot special purpose electric knife and Flynn slotted them into a honey extractor. The extractor uses centrifugal force to extract the honey from the combs. It was Flynn’s job to spin the extractor, which proved to be a lot of fun. Although everything nearby became sticky with escaping honey, including Flynn!

Checking the temperature of the honey

Yummy raw honey - a great enterprise venture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flynn’s brother Jai, and a family friend Jack, stopped by to lend a hand. Many hands made light work and before long, after warming and sieving the honey, it was sealed into 10kg buckets.

Angry bees don’t take too kindly to people robbing their hives. It was pretty amazing that Flynn managed to do all this work without getting stung! His Grandad and Dad weren’t so fortunate though!

Enterprising Flynn paid cash for 80kgs of honey from his Grandad. He loaded it all up in our car to take it back to his home. It was a large investment for a twelve year old and Flynn, knowing its value, took great care to ensure that the honey was well sealed and cushioned for the long trip home. He didn’t want it spilling, nor did he want any ants finding their way into his containers.

Pouring the honey into tubs.

Filling tubs with Grandad

 

 

 

 

 

 

 

 

 

 

 

Flynn wanted to sell his honey at retail. He had done his research and found that honey generally sold in shops for around $12 or $13 a kg. He had a unique product. It was tasty, raw and full of enzymes, which are generally destroyed during commercial pasteurization processes.

He had also searched online for plastic honey pots. We discussed with him that people would pay a premium for his product if it looked professionally bottled and not sold in recycled jam jars. New plastic honey pots weren’t cheap! The larger the order, the better the price.

Flynn made his order over the phone and bought five hundred 500ml pots. These were delivered by mail within a few days, arriving in a massive cardboard box.

 

Flynn ordered honey jars and lids...

....ready to be filled

 

 

 

 

 

 

 

 

 

So now he was all set to go with his enterprise for kids project. He had his honey and honey pots and had spent every cent that he had. It was a huge investment and Flynn had no choice, but to make it work. He had overcome fear and had taken a calculated risk with his business. All he had to do now was bottle, market and sell his honey. … and this will all be revealed in a later blog!

In our next Enterprise for Kids blog we check back with Candy Man Chayse and see how his enterprise has been progressing.

Honey Pot of Gold!

May 11th, 2012

Flynn is a natural budding young entrepreneur and he is never afraid to chase an opportunity. He often comes up with brilliant enterprising ideas and the one idea he has planned to take on with ‘Enterprise for Kids’ is a definite money spinner!

Flynn - a budding Entrepreneur

 

 

 

 

Before I tell you all about Flynn’s awesome enterprising idea I want to introduce some “food for thought”.

 

 

 

 

Prior to us starting “Enterprise for Kids”, our children were following the same conditioning around money that we have, a conditioning that society encourages greatly……earn money, spend money, borrow money. Whilst many people may not see anything wrong with this, many of us actually spend far more than we have come in. So the cycle never gets broken and by the time we reach retirement age, we have very little to show for the many years of hard work we have put in.

That’s why building an entrepreneurial mindset is so important. Breaking old conditioned habits is even more important…and the younger you are, the less conditioning you have. So whilst we want to develop in our children, a great work ethos (work hard and with integrity), we want to develop a way to move beyond that….a way to spot an opportunity, then a way to take action and finally, a way to help others achieve the same success. This system moves a person from being the “worker” to seeing an “enterprising” opportunity, to switching on their “entrepreneurial” self, to finally becoming the “expert” in their field.

An entrepreneur’s focus is in the development of a great system and finding great people to run it. They use other people’s time and other people’s money to do the work for them. Their systems will continue even after they pass from this world. A classic example is Thomas Edison’s formula for General Electric. He is no longer with us, but his empire continues.

Enterprising Queen Bee

A Queen Bee is Entrepreneurial.

The Queen Bee most definitely comes under the bracket of entrepreneur! She controls her entire empire from within her hive.

Thousands of honey bees (the workers) head out of her hive each morning collecting nectar, pollen and other resources for the hive, such as water. The worker bees will risk life and limb and literally work themselves to death (a worker bee only lives a few weeks).

The Queen bee will have employees whose main job is to guard the hive from danger. Others clean the hive and many fan the hive to keep the temperature controlled. The queen will have her workers who care for the nursery and for her own needs.

All she has to do is eat and lay eggs!

A bee hive is a unique system consisting of many specialized individuals that each have a job to do. The system performs like it is a one large living organism. If the Queen dies, then she will be replaced by another Queen Bee, the workers keep working and the Hive goes on. Not a lot different to General Electric, Apple or Ford Motor Company!

Flynn's Awesome Enterprise Idea

Flynn negotiating a honey deal with his Grandad.

So What has Flynn’s Idea got to do with a Queen Bee?

Flynn’s enterprising idea has everything to do with our Queen Bee and her empire!

In fact his plan is to use her company’s product, honey.

Flynn intends to buy raw unprocessed honey at wholesale in bulk and sell it in smaller jars at retail. He has worked out his figures and can see excellent profit potential.

In fact, once his business gets underway he can see the potential for his business to grow quite substantially. So I won’t tell you anymore about his plans, but if you missed clicking on the link above, you can listen to Flynn himself by clicking this link which will take you to a short video of Flynn explaining his awesome enterprise idea and business plan.

Seeing as we’re on the topic of honey, I thought I’d share a few facts about honey, and in particular raw unprocessed honey…

Honey is considered a super food because it is a potent antioxidant crammed with rich nutrients. It’s a natural antiseptic, an antibacterial and a healing salve for wounds and burns, but not all honeys are created equal.

Raw unprocessed honey is one hundred percent pure, natural, unpasteurized and unadulterated. It is extracted from the bee hive in its natural form and bottled. It is not filtered or heated. Unlike processed honey, raw unprocessed honey retains all the enzymes, royal jelly, pollen, propolis, minerals, rich vitamins and carbohydrate content.

Mmmm… appears to be a fantastic product!

So what do you think? Is Flynn onto a real enterprise for kids’ potential success story! You will have to follow along with our blog to see how he goes.

In our next blog you’ll be inspired by another budding entrepreneur, four year old Chayse, as he show cases his business idea. It is as sweet as Flynn’s enterprising ideas!

enterpriseforkids.com

Inspiring kids to be entrepreneurial.