Success Strategies for Young Entreprneurs

Young Americans Center for Financial Education Events, YouthBiz Leave a Comment

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Success Strategies for NEW participants is a class at Young Americans to answer any questions and provide guidance for day-of marketplace operations. Several first time participants attended this class last Saturday, including Madeline, 8, of Box Art, and Jaden, 12, the sole owner of Deodorant Dude. I am excited to try some tamales from Rio, 12, of Tio Rio Tamales.

We discussed customer service, promotion, pricing, competition, and day of operations. Businesses had time to work together and be creative to make flyers to help market their businesses. We shared the flyers with the class, and then ended the class by watching some of the Y.E.S. (Young Entrepreneur Spotlight) videos on www.builderslab.orgSuccess Strategies for Young Entreprneurs.  Check them out for business knowledge and inspiring stories!

Success Strategies for ALL participants was next and is for new and returning participants with specialized instructions and activities to enhance individual businesses. The young business owners from the first class were joined by veteran marketplace participants and we worked on differentiating and growing their businesses. Jack, 13, big brother and employee to Evelyn, 9, of Evelyn’s Cotton Clouds was able to help explain EOU (Economics of One Unit) to the class. He helped the other businesses figure out how much they needed to sell their items in order to be profitable. Finally, all the businesses practiced giving 30 second business pitches in front of the class.

Do you have handmade greeting cards for graduation and wedding season? What about a handmade wood pen for Dad for Father’s Day? Won’t Mom love to receive homemade bath salts and lotions for Mother’s Day? You can shop for all these quality gifts and more from over 50 youth businesses at the Young Entrepreneurs Marketplace on Saturday, April 18th from 10:00am – 2:00pm.

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