Nassau,
The Bahamas - While many adults are still trying to make ends meet
in the unstable Bahamian economy, this weekend, a group of aspiring
child entrepreneurs will be launching their businesses at the second
annual Kids Only Garage Sale and Ultimate Kids Money Show. The event
is set for 10am to 4pm this Saturday at Arawak Cay.
The
show is endorsed by the Ministry of Educational and the Ministry of
Youth, Sports and Culture and sponsored by Scotiabank, Family Guardian,
GEMS Radio and Bahamas Virtual Mall.
“The
goal is to empower the next generation to be entrepreneurs, savers and
investors in a practical way yet fun way,” says organizer of the event
and founder of Creative Wealth Keshelle Kerr. “Last year, we had great
time with kids renting booths for as little as $50 and walking away
with almost $300 or $400 based on the items they sold. Some kids sold
treats they made, others sold toys, games and books they no longer wanted
and still others sold clothes. Many of them actually continued their
businesses. This show empowers kids with the ability to make their own
money from the stuff that they own at home. Parents are also impressed
because they get to take part in the financial literacy activities we
have as they help teach the basics of balancing budgets and wealth management.”
Kerr
says the timing of the show couldn’t be better as many of the kids
are eager to earn their own funds for Christmas to buy presents or save
for something they want.
“The
whole thing is designed to develop the entrepreneurial spirit in children
in a practical way,” noted Kerr. “It will not only to teach them
unique ways to earn money but also inspire them to save and manage their
money wisely. The most enjoyable aspect was the fact that they were
able to run their businesses for the day and that a seed was planted
in the life of a future CEO. At my workshops, I often tell kids that
they are the CEO’s of their own lives and this gives them an opportunity
to get their feet wet.”
Participants
at this year’s show include children age 6 to 16, several youth groups
and school groups raising funds plus companies promoting kid-friendly
products. In addition to fun games, face painting and bouncing castles,
musician and puppeteer Derek and Charlie the Yellow Bahamian will entertain
live.