What is a minipreneur?
A “minipreneur” is a young entrepreneur.
What are Next Gen’s minipreneur programs?
Commercial and social entrepreneurship/business development project-based enrichment programs that use the Entrepreneurial Engine life skills. Each child will develop a business and marketing plan for a business opportunity based on personal interest, and incorporating social responsibility concepts. The Next Gen minipreneur enrichment programs are offered before or after school and during school vacations, or as a private course given to a group of interested children.
What is the Entrepreneurial Engine?
The Entrepreneurial Engine is based on the 5 I’s, or life skills: Inspiration; Ideation and problem solving; Interaction and collaboration; Innovation and creativity; and Initiative.
What will my child learn?
Next Gen’s programs will assist your child:
- in understanding basic business concepts, including branding, marketing, finance and sales;
- in developing a basic business and marketing plan;
- in learning leadership skills, team values and how to work collaboratively;
- in learning business ethics and the importance of diverse perspectives;
- in unleashing your child’s creativity and ability to dream big dreams;
- in understanding good social citizenship and globalization;
- in learning public speaking and presentation skills;
- in understanding that failure is just one step closer to success; and
- in developing self-awareness and self-esteem.
I am skeptical, is is really possible that my child will actually learn how to start a business?
We believe that the innate desire of children to earn their own money emerges when they express interest in setting up their first lemonade stand. We use fun and interactive activities to help children visualize a realistic business idea based on personal interest, expose them to basic business concepts and guide them to create a plan.
What types of business ideas will my child work on during the program?
Some of the business ideas our students have worked on in the past include:
- children’s party entertainer;
- online commerce shops selling handmade scarves, greeting cards, crafts using recyclable materials, or collectibles;
- support services for wounded veterans; and
- homemade baked goods and products;
These are just some of the business ideas our young entrepreneurs have created.
I want my child to learn more than just how to make money, do your programs focus on the importance of giving back?
Yes, throughout our programs we discuss social entrepreneurship concepts, and profile child and adult entrepreneurs who have created businesses incorporating social responsibility efforts. As our students develop their business idea, we encourage them to include a social responsibility element in their business plans whether they chose to donate a portion of profits, donate products, or create their own method for giving back.
At the conclusion of a Next Gen minipreneur program, how will my child put to use all that my child has learned with respect to her business idea?
Throughout Next Gen’s programs, each child, whether working individually or on a team, will develop a business and marketing plan for a business idea that he or she has been chosen based on personal interest. Each business idea will also produce a pitch to market its business and promote its product or service in order to attract start-up capital, investors and support. The pitch will be video recorded and given to each child at the end of the program so that each child will have the taped pitch to use as a marketing tool if the child decides to seek financing and support for the business.
What is the goal of Next Gen’s minipreneur programs?
Our goal, as stated in “Our Philosophy” section, is for children to develop the audacity to dream big dreams, to create their own path to the fulfillment of those dreams, and to rejoice in their personal achievement. At the conclusion of each of Next Gen’s programs, children have taken a journey to achieve their own dream, on their own terms and from their own perspective.
What will my child have at the conclusion of your program?
- develop his or her own business opportunity based on personal interest, and incorporating social responsibility concepts;
- brand the business by creating its name, tagline and logo;
- create a business plan using financial concepts, such as: profit; startup costs; operating costs; per unit cost;
- create a marketing plan and materials that directly target customers and investors; and
- produce and deliver a pitch to attract startup capital and support for the business, which will be presented to you and recorded for you.
Each week children will work in their own workbook which will be given to your child to keep at the end of the program.
Is my third grader too young to take the minipreneur program?
Your child is not too young to take Next Gen’s minipreneur program. We understand it may seem audacious to expect a third grader to create a business and marketing plan and pitch to promote her business, but the results indicate otherwise. The Entrepreneurial Engine life skills account for the results. By learning through the development of these skills, your child will expand her ability to accomplish what at one time might have seemed a too difficult task. More importantly, even if all she takes from the program is one or more of the following:
- to let herself be inspired and inspire others;
- to create ideas and be innovative;
- to collaborate and understand team values; and
- to take the initiative to do what most children merely watch others do,
she will be poised to dream big dreams and have the skills to make them come true. We believe that the Entrepreneurial Engine will enhance your child’s performance well into the future.
Is there any value in my child taking Next Gen’s course more than once?
When repeatedly exposed to the Entrepreneurial Engine, the life skills learned will become an integral part of and enhance your child’s life well into the future no matter which education or career path your child chooses. Not every business idea is a success. As Thomas Edison said: “Our greatest weakness lies in giving up.” The most certain way to succeed is always to try just one more time.” We, at Next Gen, believe that failure is okay and that it merely brings your child one step closer to success and to the attainment of a dream. Your child will not only have the opportunity to entertain new business ideas or work on the ones first created, but will have the opportunity to share experiences with the rest of the group, taking more of a leadership role than maybe as first expected.
How much does a Next Gen program cost?
A Next Gen program is priced competitively with other school enrichment programs.
How many Next Gen’s instructors facilitate a program?
Our adult/child ratio is 1:10.