What’s the common between these legendary entrepreneurs: Ingvar Kamprad (Founder of Ikea), Warren Buffett (Chairman and CEO of Berkshire Hathaway) and Richard Branson (Founder of the Virgin Group)?
They all started some types of entrepreneurial ventures when they were only kids. Some of them started by selling packs of gum, matches, pets, etc. the list could go on. The point is – they all showed their entrepreneurial spark at a very young age.
Some say it’s never too late. Some say it’s never too early. On 25th January we, at Regent International School, held our first ever editions of Kidpreneur and Regent Souk. Where Kidpreneur focused on introducing students to formalising their ideas with a business plan, Regent Souk focused on bringing the community together by putting up an impromptu flea market. All the credit goes to our hardworking, dedicated and passionate FRIS Team Members, who have meticulously planned and implemented this in record time!
As a primary school, we and our lovely parent community believe that Entrepreneurial curriculum is part of a student’s educational journey. Research studies suggest that youth who are encouraged to bring out their entrepreneurial side show a positive change in attitude and strong success orientation, and are more likely to be focused on academic and professional achievements, aspirations and leadership.
For these debut events, FRIS worked with our Academic Teams to: 1. Encourage students to dream big: This brainstorming led to the development of many innovative products and services which seemed to be marketable. 2. Coach them on goal setting: Students were taught how to formalise their big, wild business ideas. Focused goal setting teaches accountability. 3. Put out your wares and sell: On the day of the event, students decorated their stalls, put out their wares and transformed themselves into salespeople, who were difficult to turn down! 4. Value the profit and loss game: In business, only the fittest survive. At the end of the Souk, students were down to counting every dirham they earned to evaluate if their business was successful or not.
Did we mention that our parents too participated!
Our events were supported by Bizworld, Budo Judo, Arithletics, Froozer, Toys R Us and Emirates Hospital – Dubai Marina. We thank all our students, parents and the community for joining us for our first-ever editions. FRIS is already busy working on building a bigger and better platform for 2020 so stay tuned!