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Teaching Entrepreneurship for Kids

The topic of entrepreneurship is not a school subject. But we would all definitely benefit if many of us were taught in that subject. That is why teaching entrepreneurship for kids is very important. And Bright Kids Preschool here in Bacolod City is at the forefront of this initiative.

Entrepinoy - entrepreneurship for kids - money for kids - bright kids preschool - native delicacies - araw ng lahi — Entrepinoy at Bright Kids Preschool. Shane’s team mates for the blue team, from left: AJ, Shane, Joaene, Gia, Arleih, and Skye.

Entrepinoy at Bright Kids Preschool

Teaching entrepreneurship for kids is integral in our society. It helps raise up kids who are able to think up of solutions to problems.

Entrepinoy has been running for four years now at Bright Kids Preschool Bacolod. It aims to teach the kids that money does not grow on trees. It teaches them the value of earning money — that it is something that they have to work hard for.

Teacher Sheryll Ong, Directress of Bright Kids Preschool said, “Through the activities of Entrepinoy, the kids are also able to put value to money and spend it wisely.” The school holds a series of Entrepinoy activities throughout the school year so the kids keep on engaging in enterprising activities. After all, teaching entrepreneurship for kids is not just a one-time thing.

Opening a Savings Account

One of the goals of Entrepinoy is to get the kids to open their personal savings account. Teacher Sheryll said that, “When the kids have reached a total of P2,000 each, then they can open an account to save their money.” For now, their sales are being safe kept by the school.

Related: Personalized Piggy Banks

“We have a lot of Entrepinoy success stories,” Teacher Sheryll revealed. The parents are thankful that their kids learned how to save and only spend a portion of their earnings. “They also usually buy the ones that are on sale.”

Related: Teaching Kids How to Budget Money

Entrepinoy on Video

Here is the Kinder class of Bright Kids Preschool for their Araw ng Wika Entrepinoy activity. They sold Pinoy native delicacies, namely turon, bitso-bitso, and then calamansi juice.

Related: Traditional Filipino Costumes for Kids

Entrepreneurship for Kids: Skills Needed

To become a successful entrepreneur, some skills need to be honed in children. These are all beneficial to any child’s development and help them have the mind of an entrepreneur. Read this checklist of skills:

Goal Setting – To be able to physically write down goals and the steps needed to reach those goals.
Acting on Opportunity – To be able to recognize setbacks and then strategize for solutions.
Initiative – To be able to think differently and have original ideas in solving a problem.
Creativity – To be able to develop a good message and a call to action.
Financial Literacy – To be able to earn money, to invest in trustworthy channels, and give back to the community.
Resilience – To have the capacity to learn from failures and move forward with better solutions.
Communication – To have the etiquette and manners to engage in meaningful and productive conversations.
Self-Motivated – To be able to make their own decisions and set their own schedule.
Leadership – To be able to motivate teams to work towards a common goal.

These are just some of the characteristics of an entrepreneur. It is never too early. Entrepreneurship for kids should be inculcated at a young age. Does your child have what it takes?