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Sunday, 25 May 2014

Kids Who Are Turning Creative Ideas Into Money Making Ventures

In the United States, some young children are turning their big, creative ideas into money-making businesses. And their parents, schools and business leaders are cheering them on. Lily Warren was just 8 years old when she decided to start her own business with her younger sisters. When their parents started bee-keeping at their home in Littleton, Colorado, the girls found the inspiration they really needed.

While they weren't able to harvest enough honey to sell, the sisters noticed that their parents always collected a significant amount of beeswax. Instead of throwing it away, they thought they could find a way to use it. The girls researched what could be made at home with beeswax. By 2009, Lily, Chloe and Sophie were in business as the Sweet Bee Sisters, making lip balm in flavours like strawberry and root beer, and lotion bars in lavender and bamboo.

They sell their products at local stores and, for the last 3 years, at their own stall at the entrepreneurs' marketplace that inspired them. In 2013, the Warren sisters were named finalists in a young entrepreneurs competition and were awarded $250 and mentoring from a business leader. "Their ability to speak confidently with customers, to make decisions collectively, to work hard for something they want and to designate and fulfill responsibilities has all been enhanced through their business experience," said Lisa Warren, the Sisters' mom.



The De Armas sisters Leila, 13, Julia, 12, and Sophia, 3 started baking cupcakes in 2012 after they saw their father baking his "special cookies." They took 11 months to test the quality of their recipe, and the girls officially formed TresMarias Cupcakes this year. They usually sell their cupcakes online, through Instagram and Facebook, to friends and family. "We encouraged them to have a business like this simply because we saw that baking is truly a desire and a passion inside of them," said Leigh Cecilia F. De Armas, their mom. "The business became a tool for them to exercise their gifts and talents and work as a team for a purpose."

7-year-old Scout Kingsley and her mom, Ashley, started their Happy Wear girls' accessories line one night when they were making necklaces out of colorful paperclips. Since Happy Wear launched in November, the company has profited more than $1,500 in Etsy sales and marketplace events, Kingsley says. Scout has also participated in the Denver young entrepreneurs marketplace. Scout said her love of dressing up and accessories makes running Happy Wear feel fun. Apart from production, Scout has learned a lot about marketing and packaging, she said. "I get better every time people order something," Scout said.

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