Kidpreneur is one of our many Junior School co-curricular programmes providing a real-life application of curriculum learning in business, economics and mathematics.
Ran every Thursday after school, Kidpreneur teaches students how to successfully open and run their very own small business.
From personalised pet bowls and bandannas, to decorated bags and tie dye shirts, students are challenged to create, market and sell their unique products.
Junior School ILT Integration Specialist, Siobhan Rooney believes that important life skills such as money management should be taught in Junior School.
“It’s important for students to have essential life skills such as money management, time management and teamwork, so that they are well equipped for the challenges of adulthood”, Miss Rooney said.
To develop their small businesses, students are taken through a 10-step process over the term:
- Market research
- Developing a product
- Pitching their product
- Gaining finance (loan from parents)
- Creating a prototype of their product
- Gaining market feedback on their prototype
- Selling their product
- Calculating their profit and paying back their loan
- Saving their money and investing in more product for their business
Another aspect of the programme is the creation of the products. Art teacher, Colleen Garland has helped students with the design and making of their products.
“We have sewn dog collars, designed cards, printed bags and made the swing tags and posters to advertise their products”, said Mrs Garland.
The culmination of Kidpreneur is the Christmas Market Day, which will be held at lunch time on Thursday 5 December.
Year 4 student, Diga, is excited to open her small business at the Market Day, selling tie-dye shirts for $12 each.
“Lots of girls in Years 4, 5 and 6, as well as Teachers, have already put shirt orders in. I have made a profit of $300 so far”, Diga said.
Diga attends Kidpreneur every Thursday after school and has been enjoying the programme.
“I have learnt about calculating the sale price of the shirts so that I make a profit and pay back my loan”, Diga explained.Back to news list