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Ruth King students get savvy

A class of young entrepreneurs had the chance to show their stuff and sell their wares at Ruth King elementary today
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Ruth King elementary student Trevor Reid sells his knitted snakes for $2 each during a Young Entrepreneurs event at the school on Wednesday.

A class of young entrepreneurs had the chance    to show their stuff and sell their wares at Ruth King elementary on Wednesday.

In the schoolB次元官网网址檚 gymnasium the Grade 4/5 students set up booths with all types of gimmicks to tempt other students and parents to make a purchase.

B次元官网网址淭he kids learn about how to start up business, create products, do market research,B次元官网网址 said teacher Nicole Fletcher. B次元官网网址淚t was really good for them to have that set goal that they put a lot of effort into. TheyB次元官网网址檙e so proud of what theyB次元官网网址檝e created and theyB次元官网网址檙e so excited about today.B次元官网网址

Student Kadyn Head decided to make wallets and snap bracelets out of duct tape. The wallets were going for $5 each and the bracelets ranged in price depending on their production run.

B次元官网网址(IB次元官网网址檝e learned) many things,B次元官网网址 Kaydn said. B次元官网网址淗ow to make money, have fun and get lots of customers.B次元官网网址

Megan Hannem got her idea for small, handmade pot holders from a set she received for camping. She made 23 units and had sold five an hour into the sale.

B次元官网网址淚 heard how we were going to do this, so I thought it would be a good idea, because itB次元官网网址檚 FatherB次元官网网址檚 Day coming up,B次元官网网址 Megan said.

Many of the students had to take out loans from their teacher to get their product off the ground, which they then have to pay back from their sales. Each of the students are also donating 10 per cent of all their profits to a local charity, with most choosing the SPCA.

VanCity supported the program by donating workbooks and coming in to speak to the students about selling products, business plans and how to respond to feedback. He said one students selling beanbags decided to start selling two different sizes based on customer feedback.

B次元官网网址淗ow to take feedback, how to use it. B次元官网网址 ItB次元官网网址檚 kind of neat just to see them think it through,B次元官网网址 said Brad Finerty, assistant branch manager for Langford. B次元官网网址淚tB次元官网网址檚 really great.

B次元官网网址淔inancial literacy, just in general, for young people. To start them early and they get that background and the skills, they can grow up and have that mindset when theyB次元官网网址檙e older.B次元官网网址

 





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