A Fishy Enterprise!

As a kid I loved keeping pets. In fact many people referred to our suburban home as being the local zoo. Kids from all over the neighborhood would come by to see the goings-on in our back yard.

I had a huge fish pond which, during the summer, would be teaming with little colourful fish. The fish first started out in my aquarium and as they multiplied they ended up in the pond. By the end of the summer there would be so many

Breeding poultry to sell is easy. Remember to only use quality birds.

that if I didn’t find homes for them they would over populate the pond and wipe themselves out. So I would catch them by the hundred, put them into big buckets and take them off to the local aquarium shops. The shop owners were happy to get my fish and paid me 50 cents each. Thirty five years ago this amounted to a lot of money.

One time though, I remember delivering a bucket full of sword tails, which are renowned for jumping. The

Swordtails love to jump! They are a low maintenance fish that can be bred in ponds.

aquarium shop owner left the bucket on the ground without a lid whilst he went about his shop business. He returned later in the day to find nearly all the fish on the ground!

I’d also divide up the water lilies and pull out huge amounts of water plants that were thriving in the summer heat in the pond and sell them at the same aquarium shops. All up my hobby pet breeding enterprise well and truly paid for itself!

Our aquarium.

Today I still keep aquarium fish and breed them in ponds during the summer. Some of my children have taken an interest in them and keep fish as well.

A close friend of the family, Brayden, stopped by our place and showed an interest in my fish. I told him what I was doing and the story of how I would sell them to the aquarium shops.

Fifteen year old Brayden also kept

Guppies are also easy to breed and sell.

fish. He had an aquarium full of guppies. As a result of our conversation he took all his guppies down to the local pet shop and sold them for $2.50 each. He was so pleased with his fish sale that he began playing with figures as to whether or not it would be worth trying to farm aquarium fish as an enterprise. His figures stacked up and he told me that he had acquired several large fish tanks. He had done his research on fish and worked out which were easy to breed and which were sort after by the aquarium shops.

His aquaculture enterprise is just beginning and has the potential to do very well. I’ll keep you posted with how he goes.

Baby rats sell for $5 each and a mother rat will have babies every five weeks.

Here are some helpful tips if you are considering breeding animals or plants to sell. Choose quality stock to breed from, from the start. Look for animals or plants that have a higher price tag. It is just as easy to breed a $2 guppy as it is to breed an exotic $30 guppy. So why not choose the latter.

Also don’t be afraid to cull inferior fish based on colour, shape and size. Keep your very best stock for breeding as these will produce the best offspring. Feed them well and only sell young quality animals. It is important to develop a good reputation with the pet shops. Maintain pure strains. These will always look the best and demand the best price.

Breed white peacocks. They are much more valuable than standard peacocks!

Make sure you do your research before breeding pets. Some animals can prove to be very difficult to keep and breed and may require expensive equipment and services to keep them in top breeding condition. Ask the pet shops what animals they are regularly looking for. Become the expert on the pet you’re planning to breed.

Lastly, consider selling your pets on Facebook, ebay, or one of the internet buy and sell sites. These are free to advertise on and have huge followings of prospective customers.

 

Brayden has an interest in a "Fishy Enterprise"

Maybe you too can develop a pet enterprise, or at least have your pets pay for themselves! Here are a few ebooks that could help you to develop your expertise with a pet breeding enterpriseAquarium Fish, Guinea Pigs, Pet Rats, and Chickens.

Our next blog will take us back to the Enterprises our children have been running. Find out how they are going and the lessons they are learning along the way…

 

Portrait Artist in the Making!

Kait with that winning smile!

Before we revisit Kaitlin and her Portrait Artist Enterprise, we wanted to share about the idea of manifesting what you desire into reality. We believe having a little understanding about this will make all the difference to achieving goals, dreams and enterprise for kids.

 

If you have ever watched the movie “The Secret”, which is all about understanding the Laws of Attraction, then you would have some understanding of Quantum Physics. The Secret explains how to manifest things that you desire into reality. It explains that you must firstly see and believe whatever it is that you want, then you evoke it (or emote it) into existence. If all goes well, the thing you desire will at some stage certainly materialise.

 

Kaitlin procrastinating!

The more we have been learning about Quantum Physics through the studies that we are doing at the moment with our Mentor, Paul Counsel, the more we have come to understand and believe that what the Secret portrays is all real and true, however, the movie doesn’t go into a lot of depth with one very important point (actually there’s another point as well, but that can wait for a later blog!).

 

For all of the above to actually happen a person needs to make what they want to manifest, their “highest value”. That means they need to put it ahead of all other things, making it their focus. With determination, will and focus, then and only then, will you be able to manifest what you want.

 

Now that sounds pretty easy, but I will be frank, it is easier said than done! If you are anything like us, you will have very busy, complicated lives and are over-run with distractions. Work, family, social life, worries etc. Your highest value, quite likely is one of these other things and as a result you would be having troubles pin pointing your focus on what you really desire.

 

Kaitlin’s enterprise plan that she shared in her home video is a very good one, but one that requires time management, focus and diligence. Once the article about her enterprise was posted on “Enterprise for Kids,” Kaitlin received two customers requesting her to do portrait drawings of their families. Kaitlin was delighted that people had actually appreciated her talents and were willing to pay for her service. This was a real opportunity for Kaitlin to follow a passion of hers and she was motivated to get started.

 

Kaitlin Sliding into Action.

She had bought half a dozen quality timber and glass frames from a garage sale, which would beautifully show the portraits… if her customers wanted them framed that is! She also had the $100 loan from me to buy the art materials required for her to run her enterprise.

 

 

 

So what has happened so far?……….

 

Distractions, distractions and more distractions!

 

Distractions!

Kaitlin, being a popular teenager has many demands put upon her and she certainly doesn’t have her focus set on attending to portrait drawings…..yet! It has not become her highest value to develop an enterprise, despite the fact that she really does want to have her own enterprise doing something that she has passion for.

 

Kaitlin on the Bali Green Supercamp

The list of distractions could amost fill a blog on their own! Kaitlin has been on the Country Week Camp, had sleepovers, caught up with friends, and is currently on the Bali Supercamp. She has had work commitments, baby sitting, sporting commitments, school, boyfriends, homework, modelling classes and family commitments that have all stolen her focus away.

 

To do portrait drawings, it requires a lot of concentration, patience and most importantly, a “distraction free” amount of time where she can get her head around it. Kaitlin understands that she needs to establish a time management plan where she can devote her focus to what she wants to achieve. Admittedly, Kaitlin doesn’t need to complete the drawings straight away. She has a few months…….but you could see how easily those “few months” could whittle away to nothing without a plan of attack, then taking action to bring that plan to fruition.

 

That being said, we all must do the same with our dreams and desires in life. Without making what we want, our highest value, with a written plan and then finally focusing all our energy upon it, then it is unlikely that those dreams will come about very easily.

 

We will keep you in the loop with Kaitlin in coming Enterprise for Kids blog articles. For my next post or two we will have a break from following our kids’ journeys and discuss understandings about developing a mindset for success. We’ll be looking at how we (and 98% of people) are conditioned to think in a certain way about money and how this conditioning may prevent us and our children from achieving success (and we are not just talking about the financial kind either :)………… Until then……………….

Being An App Developer is No Easy Feat!

Jai was super motivated and was like a bull at a gate with his new enterprising idea, which was to design, make and sell an app. For those of you who are not Geeks and are unfamiliar with the terminology, an App basically means Application Software for a devise such as an iPhone, Ipad or computer.

Jai contemplating a good idea.

He bought an Apple App developers license under his Mum’s name and downloaded all the software onto his school’s apple computer (a computer that he gets to loan on a permanent basis until he leaves his school… lucky boy!). He then poured through the various emails and instructions and did whatever was required to get himself underway.

There are ups... and downs!

The process proved to be very challenging and it wasn’t long before Jai was faced with a huge roadblock! He was stumped! The information and requirements were very complicated and technical and Jai really needed professional help to get him through it. I could see his spirits dropping fast, so we sat down for a chat about roadblocks.

To know about apps, you have to play the games!!

When you are “building up” an enterprise idea, it is important not to get bogged down by all the “What ifs”. If we all did that we wouldn’t get past first base. Whatever enterprise you choose to do will have its roadblocks and you will need to troubleshoot a way to get around them. Firstly it is important to come up with an idea and build it up, and then the next step is to work out a general plan for developing the idea into an enterprise. This would mean identifying each of the development stages. From there you think about all the detail and consider the roadblocks for Stage One.

So Jai and I considered his Stage One Plan. The plan was to become registered as an App developer, download the software, then become familiar with the software. Jai’s roadblocks were:

•    The software was not loading correctly onto his computer
•    The software was difficult to understand
•    He didn’t know how to get started with using it

So we planned a simple strategy to deal with these roadblocks.

We were to be in Geraldton for a holiday in a few days. Jai strategy was to pay a visit to our successful App developer friend and ask him to help him get started.

It's exciting to climb to new heights...

That he did, and when I saw Jai next I could see the spring back in his step. He now had new understanding and some direction, plus he had opened a line of communication with an expert, who could possibly become a mentor down the track. Having a mentor is one of the proven best ways to a successful business.

What Jai learnt was that for the software to work properly he needed to download another program onto his Apple computer. So when he arrived back to Burekup, he downloaded the program, which seemed to sort the software issues and it was looking like he was now finally ready to get going with it all.

He headed off to school that Monday, only to arrive home later that day without his computer and looking very frustrated!

Apparently when he went about his online school work, he found that all the school programs that he used were no longer compatible to his computer. He paid a visit to the school’s computer tech, who identified what had caused the problem… Jai downloading this new program! He wasn’t very happy with Jai. He said that the computer would need to be wiped clean and completely reconfigured, then reloaded up with all the school’s programs again. To top it off, he was told that it may take him a few days to get it sorted.

Not good news at all! More roadblocks!

What will Jai's next move be?

What will Jai do next with his enterprising idea? We will revisit his journey as an App Developer in a later blog. It will make interesting reading with some hard lessons learnt!

Next up we will touch base with Kaitlin and see how she is progressing with her enterprising idea.

The Dog Whisperer!

Our kids are becoming Enterprising Children!

In this post we revisit Kit and his enterprising Dog Walking business. He was now ready implement his carefully thought out plan.

It was the school holidays and we were all staying with Kit’s Gran and Grandad in Geraldton.

His first client was a family friend, Pam, who owned a small scruffy dog called Elly. Pam had been prepped with a phone call that Kit would be arriving with his Grandad to ask if she would be interested in hiring his services. She was delighted to support Kit with his new enterprise and awaited their arrival.

Kit with Pam's dog, Elly.
Kit preparing for his walk with Elly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kit explained to Pam what his business entailed and the benefits that she and her dog would get if she hired his services. Pam agreed that his service looked to be very good and then she asked what his rate was. Kit said five dollars. Pam negotiated with him and they agreed on four dollars for the half hour walk.

A beautiful afternoon for a walk.
All dogs need a pit stop

 

 

 

 

 

 

 

 

 

 

Kit was pleased, but not sure how he was going to handle Pam’s little energetic dog. Grandad was an excellent coach and helped him with attaching the lead, offering the dog a treat and instructed on giving commands to the dog.

The walk went very well with no dramas and Kit arrived back at his Gran and Grandad’s house after returning Pam’s dog very keen to tell his family all about his business.

Ending the walk.
Kit being paid for a job well done.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kit continued his dog walking enterprise for the next two days whilst we were on holidays in Geraldton. He managed to make twelve dollars! Kit is now on his way to attaining his goal.

We, as parents, felt that more important than attaining his goal was the fact that Kit got “started” on his idea. What holds many people back from achieving their dreams is the inability to actually start! And of course, there will always be a myriad of reasons why not to – the time isn’t right, there isn’t enough money, there isn’t enough time, my family won’t approve, not ALL conditions are right yet…..the list goes on. These are the BUTS that stop people attaining their goals all the time, so it was refreshing to see one so young as Kit just “do it!”

Our enterprising children are now all busy with their individual kid’s enterprises. It will be time to check in with Jai and see whether his enterprise plan eventuated.

Until then……….

The Candy Man Entrepreneur!

Enterprise for Children can be a lot of fun, especially if it involves a four year old and a mountain of lollies! After you read this blog you’ll understand why Hansel and Gretal gave in to temptation to eat the witch’s candy house.

The Candy Man with his $50
... outside the supermarket!
"Let's eat!"

 

 

 

 

 

 

 

 

Chayse and I headed off to the supermarket with his $50 just as he had planned. We walked the Candy aisle and Chayse picked out the lollies he thought would be the yummiest. He bought everything from snakes, milk bottles to musks, liquorish and lollipops. Next he added to the shopping trolley 50 plastic sandwich bags and some packets of brightly coloured balloons. His whole investment of $50 was spent in no time. The check out lady asked him if was his birthday! Chayse nodded.

The production line!

Chayse’s brothers and sisters were at the car ready and waiting to escort him into the house and feast their eyes on all his lollies. Chayse was really enjoying all the attention! He bossed his brothers and sisters around as they bugged him for a lolly and offered to carry his bags.

It was all hands on deck. Jaxon and Mitchy from next door came over to help out and a production line was organised around the kitchen table. The lollies and balloons were placed into fifty piles and bagged up.

Chayse’s intention was to sell each bag for $2. So if all goes to plan he should make a 100% on his investment.

The production line team!

Cathy and I helped him with a sturdy box to display his product. We attached a strap to the box to help him hold it up and then made up a sign.

Mitchy and Jackson ran off home and immediately returned with money to buy a bag each. Chayse’s first customers! 98 candy bags to go!

Chayse’s brothers and sisters also wanted to buy a bag each with their pocket money. We had to put a halt to that as it was going to create troubles, especially as Chayse wanted to buy his own lollies too! So the compromise was that they were able to polish off the left over lollies… and of course Chayse was in charge of sharing them out to his drooling family.

Chayse's first customer, Mitchy.

Chayse’s enterprise for children business was now all set to go. His next job is to market and sell his product. We will share that story in a later blog.

Next up we’ll tune in with Kit the Dog Whisperer and see whether his enterprising idea has evolved!

Pulling the Money Bunny Out of the Hat!

Amber contemplating her enterprise.

Amber didn’t waste any time jumping into her New From Old money making enterprise. She bugged me to take her to the Dardanup Tip to see what she could find. So after her Saturday soccer game we paid a visit.

At the tip there is a salvage area where anything that could be recycled is put aside and sold.

Almost immediately Amber spotted an opportunity! She saw a damaged rabbit hutch. We looked over it and could see that it was generally in good structural condition and could easily be repaired. However, it did need a paint job. So Amber went up to the Tip man and struck up a deal. She bought the cage for $10.

Ten Dollars was a real bargain! We looked up the exact same cage sold online in kit form and saw that people were paying $180 for them.

Chayse helping Amber repair the rabbit hutch.
Amber fixing the door latch.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Arriving home there was a buzz of interest as the neighbouring kids headed around to see Amber’s rabbit hutch. They were really curious to see what she was up to. Amber bought a couple of paint brushes for $5, then using some old house paint she found in the shed, she and her friends, Darcy and Lauren, set to work painting. She also employed her brother Flynn and his mate Dan for $2 each to fix the broken part of the cage. They thought that would be awesome! Enterprise for Kids was now becoming infectious in the neighbourhood.

Amber employing Flynn to help her fix her rabbit hutch.
Darcy lends a helping hand.

 

 

 

 

 

 

 

 

 

 

It was all great fun and in no time at all the cage was ready to be sold. Amber continued her research into what to sell the cage for. She spoke with Darcy’s Mum about cages and also to Nicolette from next door. Both had owned rabbit cages and understood their value. Finally Amber decided that she would ask $90 for the bunny hutch.

Her next job was to put a free advert on the local Buy and Sell Bunbury Facebook page. She put her ad up with a photo and waited for a response.

You wouldn’t believe it! Within ten minutes the cage was sold for the full $90. In fact two other people had their hand up to buy the cage if the first deal fell through. Amber met and thanked the man who came round to pick the cage up and eagerly took the cash payment. She really did pull the money bunny out of the hat!

Now for the picture for Amber's Face Book advert
Amber's finished enterprise idea

 

 

 

 

 

 

 

 

 

 

 

 

All up, an outstanding result! In only a few days, Amber’s profit was $71 after costs. She is well on the way to attaining her goal. With her money jar now looking very full, she was rearing to go for another visit to the tip! She has already begun developing an enterprise mindset around business and money and her financial IQ is growing!

We will let you know how Amber goes with her next “New From Old Project”.

Next up we will pay a visit to Flynn and see how his buzzing honey enterprise is going!