Maverick Business Adventures hosted an entrepreneurial camp for kids in Utah this past week. It was far from a restful 5 days but totally worth it for our daughter to become even more inspired to start her own business. Forget the lemonade stand, we are aiming much higher for our 7-year-old
The 5-day camp started off with fun activities like hot air balloon rides at 6am in the morning. Sure, the early bird gets the worm, but I chose to sleep in with our little 1-year-old Sofia Thank goodness for dads
The business workshops were very inspiring, as they were taught by a successful young guy who started his own business at age 12.
The kids were divided into groups and given products to sell at the 4th of July parade. My daughter’s team came in *second and earned $150 profit.
*The winning team “cheated” and used their products towards a fundraiser for the local fire department. I say “cheated” because we were told to teach our children the art and skills of selling their products. I believe there is a huge difference between asking people to purchase your items, and fundraising for a good cause. People are obviously going to be more willing to hand over their hard-earned money to support the local fire department than they are going to be purchasing random patriotic trinkets. I was definitely bummed the fundraising team won 1st place I do very much respect the team for taking on such a worthy cause. The forest fires were out of control in Utah.
Here’s my beauty all ready to sell her wrist bands.
Selling tip #1. It helps to have cute little girls on your team, you’ll make way more of a profit Think about the Girl Scouts…they know how to run a business!
While the kids were away learning how to create and run a successful business, the parents heard Richard Eyre briefly speak about how to create a successful family. He is a father of 9 after all :0 Here are the tips we learnt…
“Ownership is the antidote for entitlement and the prerequisite for responsibility.”
- Financial and Material Ownership- Establish an ownership-orientated, responsibility-sharing family economy. This is where kids earn money, spend wisely, save money, and give to those who are less fortunate.
- Family Laws- Teaching your kids Peace, Respect, Order, Asking, and Obedience
- Family Traditions- Kids love predictability and routine so it is very beneficial to create family traditions. You most likely already do this by celebrating Birthdays, Holidays, Dinner time, etc.
- Sundays are great for family meetings. Weekly family meetings are an ideal way of keeping everyone plugged in and up-to-date with one another. It’s a great idea to let everyone, kids included, run the meetings.
- Encourage right-brain learning by continuously asking your children creative questions, such as, how many uses could there be for a paper clip? Remember, there are more than 1 answer.
Overall, I think this camp was valuable for our daughter. If nothing else, she was inspired by her peers to create her own business. Would I travel with 2 kids to Utah next year for a camp? Only if there was a lot more for the parents to take away also. Maverick Business Adventures sound like a good time and I would definitely go to the adult events