Having Fun Building Life Skills, Become a Young Entrepreneur

#BeavertonAreaChamberofCommerce

On Saturday, October 8, a small group of youth entrepreneurs set up in the City Park by the Farmer’s Market. It was a glorious day, and their works of arts and crafts were quite impressive.

We need more events like these. These types of events build community in a fun and vibrant way. And they help teach our youth important life skills.

From my own experience with these events, and my own kids, here are some of the magic lessons learned:

The pride that comes from creating something of value to others. While this might start with some small painted pots or set of earrings, it can blossom into a career in the arts, construction trades, fashion, food, or so many other businesses that create and build. There is joy in having others spend money on things you have created.

Understanding the cost of production and sales, and the value and worth of your own time. Learning what to charge as a “fair price” for your creations AND your time molds not only future entrepreneurs but engaged citizens and consumers. Working through this process at an early age likely fosters more informed and intentional buying in the future. Buying local and / or fair trade become a way of life.

Financial literacy. Buying materials, transforming those materials, selling them, and then figuring out how to use the proceeds are all important lifelong skills. While most kids don’t take out loans to fund their creative endeavors, many earn money through chores or helping neighbors. Then, they make buying decisions with what they earn. Over time, they can learn to build capital – savings!

Having fun while earning some money. Don’t we all aspire to this?!

I encourage you to seek out youth entrepreneurs and support them. From the traditional lemonade stand to the craft fair in the park, your efforts will pay dividends well into the future.

Please also find ways to support other local crafts and artisans. Find a local small business to help build your fence, paint your house, or do some landscaping. Hire a local artist to teach you, your kids, or your grandma how to paint, play guitar, or do needlepoint.

Plus, be on the lookout for local events that support both youth and adult creatives. One such event is the Beaverton High School Holiday Bazaar, being held on Saturday, November 19 from 10am – 4pm at Beaverton High (13000 SW 2nd St.)

By Rob Routhieaux, Director of Small Business Support & Development. For more information about how your business can be involved or sponsorship opportunities, email us at info@beaverton.org or call, 503-644-0123.