June 6, 2014

Teaching Children to Become Entrepreneurs

Last Saturday, May 31, 2014, over 100 children between the ages of 4-17 took a day off from “play,” to take part in a revenue generating initiative – they launched their very first businesses at The Kiddo-preneur Summer Bazaar 2014 at the Midtown Atrium of Robinsons Place Manila.

The Kiddo-preneur Bazaar, which started in 2011, takes place bi-annually during the summer and during the Christmas break. It is an event wherein children can become entrepreneurs for a day. 

Together with their other business partners (friends and siblings) and some assistance from their parents, the kids set out to create a product to sell. Once they have this in mind, they think of a business name, plan their marketing strategy, and price their products. They then design eye-catching booths to attract customers, and during the actual event, they do their best to win trophies for: the highest sales, the best service, the best-decorated booth, and the best concept. It is a highly creative process as it encourages kids to think out of the box to try to find a product that people will need and want. 

During the event itself, the children manage their own cash boxes, dispense change, and they also chat up their customers to further promote their products.  Through this experience, the children develop confidence, math and entrepreneurial skills, and they also learn the value of a hard day’s work. 

ANC Business Anchor, Maiki Oreta started Kiddo-preneur in order to encourage children to become entrepreneurs. She says, “When you expose your children to money and business early on, you spark in them, an entrepreneurial spirit. This spirit is tough in the face of adversity, thrives on healthy competition, and is eager to learn about the wonderful world of business and all the opportunities it presents.”

The next Kiddo-preneur Bazaar will take place this year, on November 23rd at the new Glorietta Activity Center across the Raffles Hotel in Makati. 

If you would like to sign your kids up for this event, you can contact Kiddo-preneur via kiddopreneur@gmail.com or 0917-585-1081.


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