Budding Entrepreneurs

[jedamum]

schellen:

Wah, I better \"warn\" DD. Lately, she has been coming home with no leftover pocket money for her \"piggy\" bank. Hmmm..... :idea:

Yes...heehee...sorry about it. do keep a look out for an orange ping pong ball. it is to be sold at the same price as the bookshop.
i make sure that he don't bring more than 1-2 items to school so that i can stretch his 'selling' experience for a few days.
besides cash, this boy also except anything (that he fancies) in exchange - can find all sorts of junk (which he treats as treasure) in his pencil case :roll:

[schellen]

Considering how they play ping pong, I’m not surprised how quickly the balls need to be replaced. I see the bats in her bag but not the balls leh.


As for junk, I have to constantly empty DD’s bag to see what stuff she has accumulated in it that is not necessary for school.

Off-topic: DD mentioned last night that she would like to borrow the Geronimo Stilton book which she saw your DS1 reading last time. I think she failed to find that volume at the library. TIA.

[ChiefKiasu]

jedamum:

... So why is he enticed by the few cents that he stand to pocket from selling these stuff?...

It is very rare for a P1 kid to have such enterprising ideas in affluent Singapore these days. Your kid is truly gifted with an independence and savviness which I personally deem to be far more important than the academic excellence that our society values so highly. He is a natural-born towkay. Do what you can to help him grow this talent!

[schellen]

ChiefKiasu:

It is very rare for a P1 kid to have such enterprising ideas in affluent Singapore these days. Your kid is truly gifted with an independence and savviness which I personally deem to be far more important than the academic excellence that our society values so highly. He is a natural-born towkay. Do what you can to help him grow this talent!

He is already class monitor leh. And according to jedamum, he does his job with pride and looks forward to it. (Unlike my DD who sees it as just another duty at school. If have post, okay. If no post, also okay.)

[qingzi]

Yeah it is lucky that he shows such abilities at such a young age. My cousin is so worried abt her daughter (14 yrs) that she has no sense of responsibility that she is sending her to some entrepreneurship course outside school. Yes, they actually have such programs! It sounds pretty good, she gets to do actual community projects, meet professionals and learn how to set up her own business.


But anyway, don’t think your son needs that!

[jedamum]

There used to be a Mediacorp School contest on Entrepreneurship; ie the competing primary schools are supposed to come up with some products and sell them and at the end of the 3 days, the school with the highest earnings get a place in the final round (i only watched the reruns). What left a deep impression was during one round, at the end of the competition, the comments from the kids were as followed (something like that):


Losing Team (neighbourhood school): It’s a great experience and we enjoy the process very much.

Winning Team (popular school): We are happy that we won. It would be better if we won by a bigger margin

During one segment of the competition when both teams met on the street, the Winning Team touted the Losing Team’s customers and pester them until they somewhat ‘scared’ the Losing Team’s customers away.

I feel that Entrepreneurship is not solely about knowing how to peddle their wares; they should have that spirit of fair competition too…not realistic in real-life, but hey, we are talking about kids here.

2 cents.

[westmom]

qingzi:

Yeah it is lucky that he shows such abilities at such a young age. My cousin is so worried abt her daughter (14 yrs) that she has no sense of responsibility that she is sending her to some entrepreneurship course outside school. Yes, they actually have such programs! It sounds pretty good, she gets to do actual community projects, meet professionals and learn how to set up her own business.


But anyway, don't think your son needs that!

My dd needs this entrepreneurship course! Some exposure would do her good. Any name leads? Last time when she was in P1, she likes a certain liquid corrector the friend had. The friend sold it to her (mind u, it was \"used\" one) for something like 50cts. Silly gal !

[jedamum]

westmom:

The friend sold it to her (mind u, it was \"used\" one) for something like 50cts. Silly gal !

erm...my boy gave a sweet to his friend in exchange of a pen :oops:
he didn't specifically asked for the pen. His friend was interested in his sweet and asked if he wanted to trade for something. He asked his friend what the friend has in exchange for the sweet and his friend offered his pen which he of course gladly accepted. :oops:
i had since told him not to accept such trade cos while i am happy that he recognised that the pen is of higher value, i don't want him to take advantage of his friend. :oops:

another story, once he almost sold a story book based on the the printed price tag; his Ladybird book which is retailing at about $3 has a printed $1.99 pound on it which he almost sold for $2. i had since clarified with him about the differences and that he cannot take stuff from home to sell without seeking my permission.

[Andaiz]

jedamum:

he didn't specifically asked for the pen. His friend was interested in his sweet and asked if he wanted to trade for something. He asked his friend what the friend has in exchange for the sweet and his friend offered his pen which he of course gladly accepted. :oops:
i had since told him not to accept such trade cos while i am happy that he recognised that the pen is of higher value, i don't want him to take advantage of his friend. :oops::

You know, jedamum, it's not really his fault... :love: his friend has placed a higher value on the sweet than a pen...that's demand and supply and how barter trade comes about.

Don't know how to post Chinese words but it's a case of yi ge yuan ai, yi ge yuan da! :!:

jedamum:

another story, once he almost sold a story book based on the the printed price tag; his Ladybird book which is retailing at about $3 has a printed $1.99 pound on it which he almost sold for $2. i had since clarified with him about the differences and that he cannot take stuff from home to sell without seeking my permission.

Now exchange rates are a little difficult to teach eh? Sometimes even us adults get it mixed up!

westmom:

My dd needs this entrepreneurship course! Some exposure would do her good. Any name leads?

genius r us have that during school hols but its with baking in mind so you may want to consider that http://www.geniusrus.com/. Thinking of getting my P1 involved in it coz she's also not very street smart as far as money is concerned :roll: