Raising Entrepreneurs

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Children Experience Entrepreneurship – Hands On

November 14, 2008 By: Jenny Category: Teaching Ideas No Comments →

Welcome back!

The 20 young participants will tour a business park, learn what it means to be an entrepreneur, work with a “Robosapians,” study aerial imaging and visit a manufacturing facility. The three-day program is part of the Just Us Entrepreneurs program jointly offered by the Purdue Research Park and Nancy Justice, owner of Just Us Kids daycare center, which is based in the park.

Youngsters ages 6-12 in West Lafayette, Indiana, will learn more than how to sell lemonade during a three-day entrepreneurship program at the Purdue Research Park.

The 20 young participants will tour the park, learn what it means to be an entrepreneur, work with a “Robosapians,” study aerial imaging and visit a manufacturing facility. The three-day program is part of the Just Us Entrepreneurs program jointly offered by the Purdue Research Park and Nancy Justice, owner of Just Us Kids daycare center, which is based in the park.

* Monday ( Aug. 4 ), Purdue Technology Center, 3000 Kent Ave., large conference room. From 1:45-3 p.m. students will “Meet the Robosapians” with Susan Manahan, assistant director of diversity for the Purdue College of Technology. Students will “program” three different Robosapians to dance, move and pick up items.

* Tuesday ( Aug. 5 ), Purdue Technology Center, 3000 Kent Ave., large conference room. A 3 p.m. presentation from Sean Henady of Aerial Imaging. Henady will explain what aerial imaging is and then demonstrate the technology by flying above the park in his helicopter and taking a photo of the students standing below.

* Thursday ( Aug. 7 ), Chao Center, 3070 Kent Ave. From 1:30-2:30 p.m. students will tour the Chao Center and learn how manufacturing takes place.

The 725-acre Purdue Research Park ( http://www.purdueresearchpark.com ) has the largest university-affiliated business incubation complex in the country. The park is home to more than 140 companies. About 90 of these firms are technology-related and another 39 are incubator businesses. The park was ranked No. 1 in 2004 for university- affiliated research parks and received the 2005 Outstanding Commercialization Award, both from the Association of University Research Parks. The park’s companies also have received numerous recognitions, including a 2006 MIRA Award: Innovation of the Year for Purdue Research Park/Quadraspec Inc. and a 2005 CoreNet Global Innovators Award finalist. The Purdue Research Park is part of the Purdue Research Foundation, a private, nonprofit foundation created to assist Purdue University in the area of economic development. In addition to the Purdue Research Park in West Lafayette, the foundation has established or is currently constructing technology parks in other locations around Indiana including Merrillville, New Albany and Indianapolis.

Source: Newswire

Young Entrepreneur Program Starting At Santa Clarita

July 18, 2008 By: Jenny Category: Teaching Ideas, Young Entrepreneurs No Comments →

Santa Clarita

Young people who aspire to one day start their own business, or see an existing enterprise grow, are being encouraged to take part in the Young Entrepreneurs Program being offered this summer at the Small Business Development Center (SBDC) hosted by College of the Canyons.

The Young Entrepreneur Program (YEP) is a free, four-week-long course designed for young people from age 14 to 27.

“There are many young people in our community with dreams of pursuing their passions through business endeavors,” said Paul De La Cerda, Director of the COC Small Business Development Center. “But all too often these budding entrepreneurs have no guidance or knowledge about how to get started. So we launched a special program specifically for them.”

Through a variety of creative partnerships with local business owners the YEP will offer students free business counseling, while implementing business training programs in the areas of management, finance, marketing, sales and eCommerce by using a variety of outreach and delivery methods — including websites, blogs, social networking sites, virtual reality games, youth-oriented trainers and business simulation products.

In addition YEP participants will be partnered with a local business to brainstorm and create a new commercial product and accompanying business model — which will then be entered into a region wide business plan competition.

“This new program will aid participants in the development and operation of part time businesses – which could eventually lead to full time operational status – all while they complete their junior high, high school or college education,” said Bruce Getzan, COC Dean of Economic Development.

Source: KHTS Radio News

Kids Learn Business This Summer

July 04, 2008 By: Jenny Category: News, Teaching Ideas No Comments →

From last week’s MyCentralJersey.com comes news of another great initiative.

Middle school and high school students will create their own businesses – working alongside successful New Jersey business owners — at the Young Entrepreneur’s Academy, an eight-week, Summer Saturday series, July 11-August 23 at the Academic Resource Center, which serves middle and high school students in Essex and Union Counties.

Open to boys and girls ages 11-17, YEA! uses the fundamentals of entrepreneurship to promote creativity, basic understanding and skills in money management, business concepts and financial literacy. It encourages students to frame their dreams, and current interests into future money making and career satisfying professional options. Using tactical problem-solving approaches, the program enhances confidence, creativity, self esteem and self reliance.

It’s so great to see these small programs popping up – of course, you can’t hope to get all the concepts across in just a handful of Saturdays, but exposure to the concepts is a great first step, and the kids will retain some of the material, each in their own way.

At least there are summer activity options beyond making candles and going to camp these days!

Image: riot jane

Teaching Children About Money – Goal-Setting For Motivation

May 28, 2008 By: Jenny Category: Mindset, Parenting, Teaching Ideas 5 Comments →

Today’s post is a guest post from Amanda van der Gulik, from TeachingChildrenAboutMoney.com. Amanda emailed my daughter Rachael recently, asking if Rachael would do an interview for Amanda’s blog, and I liked Amanda’s site so much I asked her if she would share some of her material with my readers, too.

Stay tuned for news of when Rachael’s interview will appear on Amanda’s blog. In the meanwhile, enjoy Amanda’s great motivational tips for kids and adults alike.

Hello Fellow Parents of Kid Entrepreneurs,

I was honoured to be asked to write a post for Jenny.

I really like what she teaches. And her kids are amazing!

A little about me: who is Amanda van der Gulik?

I am a homeschooling mompreneur who is dedicated to helping parents raise their kids financial IQ’s.

Jenny and I seem to have a lot in common and plan to work together to help give our kids the best start to their financial lives that we can.

Did you know that the main reason young couples today divorce is because of financial stress?

Did you also know that the majority of bankruptcies today is with young adults under the age of 30!

We can give our kids a better chance in life with both their finances as well as their relationships with their future spouses by simply giving them a good financial foundation to grow from.

I will be writing a series of posts for Jenny and she will be doing the same for me on my own blog. Today I will begin by talking to you about the Law of Attraction. We achieve what we conceive and believe.

In other words you first need to dream, then you need to believe that you will achieve your dream from the depths of your soul and then you will achieve your dreams.

I highly recommend you get your child started on creating their own ‘vision board’. This is a board that they can hang on their wall in their bedroom somewhere where they will see it on a regular basis.

I suggest hanging it in front of their desk or even attach it to their ceiling above their beds. If they have their own bathrooms then I suggest hanging their vision board opposite their toilet so that while they visit this important room on a continuous basis they can digest their vision.

So what is a ‘vision board’?

Okay, a vision board is a board that you create a collage on with picutres drawings of the different goals that your child would like to achieve or have.

Here are some steps on how to help your child create his or her own vision board:

1. Plan a special time to sit down as a family.

2. Have each family member make a list of all the goals they would like to achieve or have or be. Here are some questions that may help your child to come up with some of his or her visions:

  • What kind of house would you like to live in?
  • What kind of car would you like to drive?
  • What kind of clothes would you like to wear?
  • What places would you like to visit?
  • Would you like to have a private jet or space ship?
  • What kind of boat would you like to have?
  • Who would you like to meet?
  • Who are the people you would like to hang out with?
  • What about your body, how healthy would you like to be?
  • Are there any sports you would like to be good at?
  • Are you interested in the arts, is there anything that you
    would like to achieve there?
  • What kind of person would you like to be? Would you like to
    be more confident?
  • Would you like to be more kind?
  • How much money would you like to be earning every month,
    automatically?
  • Which charities would you like to make a huge impact on?
  • How many children would you like to have?
  • How many and what kind of pets would you like to own?
  • What does your future spouse look like and what kind of
    character is he/she?

3. Now get some old magazines or look online for photos (just make sure to set the search engine to ‘safe search’ mode first before asking for any photos or else you may have your child seeing photos that you would otherwise not like them to see.) I recommend using www.Google.com photo search or www.flickr.com.

4. Let your child have some fun being creative and encourage them to dream BIG!

5. Now choose a spot to hang the board where your child is most likely to see it many, many times a day.

6. Every morning have a look at your child’s vision board and go over their goals by having them say out loud,

“I am so happy and grateful now that I have ….built my dream house….. and/or…..filled my
closet with the most beautiful clothes…..and/or……
I am the best player on
my school’s baseball team….helped 50 people
on my favourite charity by giving them the opportunity to eat healthy food….etc.”

The key is to have them say it as if they have already accomplished their goals and dreams.

They need to make their subconscious minds believe that their goals have already been achieved to make it become a reality. No one is ever successful until they absolutely believe from the depths of their souls that they are a success already!

It’s amazing how this simple vision board can make your child’s dreams a reality.

It serves as a constant reminder of why they are doing what they are doing to achieve their dreams. It will help them keep their focus when the rough days approach.

I highly recommend that you also create your own vision board.

Being a role model really makes a huge impact on your child. They will take their vision boards much more seriously if you also have one. And it’s fun to see your dreams as if they have already happened!

I recently found a website www.ActLikeARichKid.com that havecreated a system for you to make your
vision boards turn into a
movie that really makes your dreams come to life! I have used them to create my own mind movie which I watch every morning when I wake up and every evening before I go to bed. The movies use moving photos and emotional music that really bring your dreams to your heart centre.

Here, watch mine to get an idea:

As you can see in my mind movie above, I created that one for my whole family, my kids love seeing their new bedrooms and are constantly asking me to watch our mind movie. My 6 year old daughter has even come up with a business plan because she wants to have a water bed, so she’s decided to start up her own face painting business to pay for it!

The power of the law of attraction and the usage of vision boards and
mind movies is absolutely incredible.

Have fun, and let Jenny and I know how successful your own vision board and mind movie become!

Cheers…..Amanda van der Gulik….Excited Life Enthusiast!

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FREE E-BOOK: “50 Easy Ways for Kids to Make Money”

To claim your free copy, visit: www.TeachingChildrenAboutMoney.com

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Kids Come Up With Business Ideas

May 23, 2008 By: Jenny Category: Schooling, Teaching Ideas, Young Entrepreneurs, business ideas 19 Comments →

Peter Jones, of The Dragon\'s Den, has founded an entrepreneur\'s college for young inventors. Photo, The Guardian.

Molin Upper Elementary School Principal Dave Archambault asked faculty and the business community a simple question: “What happens when you inspire more than 75 fifth-grade students to create an invention or new business idea?”

On Friday, Archambault was pleased with the answer.

“This is great — we have a lot of great ideas,” Archambault said.

From eyeglasses fitted with windshield wipers to clear one’s view in a rainstorm to a “sweet flavored gum” that was claimed to have the ability to bring about world peace, the second annual Young Entrepreneurs Contest showcased students’ creativity.

The contest, sponsored by the Newburyport Education and Business Coalition as well as teachers Ellie Bailey, Mary Ann Daley and Carol Snow, included special exercises for students to go along with teaching students about business and sociology.

David Strand, president and owner of Strand Marketing, was brought into the Molin School to assist in creating and presenting the ideas that inspired entrepreneurship and encourage fifth-graders to come up with their own ideas about business.

Read the rest of the story in The Newburyport News.

I love hearing about initiatives such as these.

Gradually, ever so gradually, the traditional education system is being infiltrated by little bursts of entrepreneurial spirit.

These kids participated in simulations, where some of them played the role of bankers, some the rols of suppliers, and others represented retailers. Once a supplier had “won” the business of a retailer, the young retail entrepreneurs then had to persuade the bankers to finance their purchase of the stock.

These simulations are a fantastic way to provide kids with a solid learning experience when it comes to business concepts. We encourage the families in our Cash-Smart Kids program to engage their kids with “mini” business situations and simulations whenever possible.

Kids are remarkably creative – I loved the description of one young inventor’s product, the “my-Cod”. This fish-shaped contraption would allow swimmers to listen to their iPods through a swimming “fish” broadcasting when placed in a swimming pool.

I really think that one would be a goer!