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1What is the CK Challenge?
The CK Challenge is Club Kidpreneur’s core initiative where 10-12 year old children work through the Ready Set Go curriculum to build a business using CK Business Kits. The challenge is to make enough money selling handmade products at market day to pay back business costs and make a profit to donate to a charity or local cause. The CK Challenge can be run in schools, in community groups or privately. For more information for click here.
2What is inside a CK Business Kit?
A CK Business Kit contains the learning resources and practical materials for THREE kids to build one business through the 12 steps of the Ready Set Go curriculum. Each Kit contains individual resources for each kidpreneur and a set of shared resources for the business.
Contents for individuals:
- Business in a Backpacks x3
- Printable Worksheets x3
- Flat cap + Heat Transfer Paper x3
- Money Pouch x3
- Goal Badge x3
- Graduation Certificate x3
- Curtis the Kidpreneur Novel x3
- Business Cards x3 sets
- Kidpreneur Watch x3
Group Resources include:
- Cleverpatch Voucher $40
- Business Registration Agreement
- Flyer template for market day
- Bunting for market day
- Kite for launch day
3How will the program impact our budget?
As each student pays back the first $25 of their earnings to cover the cost of the CK Business Kit, the program is self-funding. On average, each business raises $140. In the unlikely event that the students don’t earn enough money, the school agrees to cover the cost. However, the program is designed so that the children research the market’s needs before designing a product to meet them, so this reduces the likelihood of this happening.
4Why 3 students per Business Kit?
Each Business Kit is designed to provide a group of 3 students a fully engaged learning experience through all 12 steps of building a business. For this reason each Business Kit contains 3 sets of individual resources (Business Cards, Money Pouch, Goal Badge etc.) and a set of group resources ($40 voucher, flyers, bunting etc.). When students work in a group of three the benefits of collaborative learning are most realised. Students learn the benefits of collaboration with the opportunity to participate in every activity and have their voice and opinions be heard. A group of 3 enables each student to specialise somewhat based on their skill set and learn the benefits of a diversified team. They will also learn the benefits of a production line process by splitting production between them. In our experience, groups larger than 3 can see the learning outcomes diluted if activities and resources are split between many students meaning each student does not get a full understanding of the overall business building process. Any less than 3 and students can become demotivate when they work on their own or if their only partner is away.
5What content does the Ready Set Go program cover?
The Ready-Set-Go program leads students through the process of establishing their own manufacturing businesses in three simple stages, taught across 12 modules. Full lesson plans, activities and teaching notes are provided to participating teachers in the Ready-Set-Go Teachers Handbook.
6How long does the program take to run?
The CK Challenge program follows Club Kidpreneur’s Ready Set Go curriculum which teaches the 12 steps to start a business. Each module can be completed in 1-2 hours depending on the depth of engagement you choose. Product making time may take additional time depending on the students’ product choice. The program can be run over a varied length of time from 5 intensive days up to a term or even a whole year. Many teachers have found completing the program in 2 hours per week across a 10 week term an effective timeframe. Some teachers choose to start the introductory module at the end of the previous term to give students time to brainstorm product ideas over the holidays. Competition entries for the CK Challenge can be submitted any time of year with winners announced quarterly from that term’s entries, no matter when you started the program.
7When will I receive my program materials?
Access to the online resource centre is provided as soon as you register so you can get planning. Business Kits are dispatched every week, so you will receive them via courier 2-10 working days after you register.
8Where do I hold my market day?
A key learning outcome of the Ready Set Go program is to provide safe and secure opportunities for students to develop confidence and interpersonal skills. These skills include customer service, handling money and promoting a product to different audiences (target markets).When kidpreneurs sell to the general public outside their direct school community these learning outcomes are most effectively realised. The best environment for this is at a local community market e.g. farmers market, book fair, craft market etc. For this reason parents/schools are encouraged to provide an opportunity for students to sell outside of the school premises or at a school event providing a target market of unfamiliar customers. Local markets provide a sheltered environment where kids are exposed to a customer base from the general public under the supervision of teachers and/or parents. Club Kidpreneur provides support for accessing stall space at local markets across the country. More info here.
While we recommend selling products at a local market, we do recognise this is not possible for every kidpreneur. In this case the following alternative locations can be considered
- School fetes or school market day
- School open day
- At other school events where the public attends e.g. a drama production
- One-off events in the local area advertising for stallholders e.g. car boot sale, sports events, community fundraising events, community festivals (music, arts, environmental, heritage, cultural etc.)
- Outside local shops. With council approval you may be able to set up a stall outside your local supermarket or block of shops where students can sell their products WITH teacher/ parental supervision.
9When in the program should I hold my market day?
The market day is most effective when the entire 12 modules of the Ready Set Go curriculum have been completed. This will leave students with a fully developed business, equipped with the sales and customer service skills to sell. In module 12 students create a market day plan to strategise how they will experiment on the day to improve their sales. The market day is the last part of the program followed by a reflection task to ensure the market day learnings are absorbed. If you know you would like to sell at a particular event in your school or community, you should plan to be finished the Ready Set Go curriculum by this time and therefore order your Business Kits in time to complete the program before market day.
10I have some students who struggle academically or aren’t very interested in school. Will this program work for them?
We’ve found kids can excel in this program even if they aren’t gifted in the traditional ‘three As’ – academic, artistic and athletic. We’ve also had several parents and teachers share how their kids who were depressed or distracted, had low-self esteem and no confidence or have dyslexia, have all had a transformation through the program, graduating with confidence and a new belief in themselves. This great video features Aaron, who did our program as a holiday camp. https://www.youtube.com/watch?v=wGykDU6KBuw
11How easy is it for an 8-12 year old to start a business?
This year we’ve designed the business kits so that 3 kids work together on one business and every kid gets a business in a backpack. Students learn team-work and how to collaborate. This is easier on your school’s budget too as it is now $25 that each student needs to pay back before donating profits last year it was $50.
12How appropriate is it to teach 10-12 year olds about business?
Through learning about entrepreneurship, students develop the life skills of creativity, confidence, resilience, independence and adaptability. These are skills needed for every child to thrive in today’s rapidly changing world and be equipped for careers that don’t exist yet. And as this is a social enterprise program, we’re teaching kids to use the power of business for good at this early age so they grow up to be global citizens.
13How is business a way for kids to express themselves?
The CK Challenge allows kids to take an activity that they are interested in and turn it into a business. It shows them that they can make a future career out of things they are passionate about. Read Bailey and Luke’s story about how they turned something they loved doing into a business.
14What causes can I donate my profits to for the CK Challenge?
In line with the Australian Curriculum’s General Capability of Ethical Understanding, a key objective of the CK Challenge is to encourage social engagement and teach students how business can be used for social impact. To meet this objective the CK Challenge requires that 100% of profits generated above the $75 cost of each Business Kit be donated to a social cause of the student or school’s choice.
15What do we do when we have finished the program?
When your students have finished the 12 modules of Ready Set Go, held their market day and donated their profit to their chosen cause, the final step to finishing the program is to complete a reflection activity and thereby enter the CK Challenge competition. It is critical at the end of any learning experience to reflect on what went well, what was learned and what could be improved next time.
To do this each group of 3 can visit www.old.clubkidpreneur.com/kids/ to fill out the Program Reflection Form. Students must enter their unique Kidpreneur Business Number (KBN) into this form. They can then choose to submit this form as an entry for the CK Challenge. Winners are announced quarterly from the entries received each term.
16How do I enter the CK Challenge competition?
At the end of the program each group of 3 (one business) can visit www.old.clubkidpreneur.com/enter/ to fill out the competition entry form on this page. This form asks students to reflect on their business building experience and share what they learned. Students may upload images of their business and/or share a link to an online video.
17Can we have a mentor run the CK Challenge program?
Yes! Club Kidpreneur highly recommends finding an entrepreneur in your school community who would be eager to share their knowledge and passion with your students. This adds an extra dimension to the program, is inspirational for students and takes the load off the teacher. An entrepreneur mentor may run the program alongside or instead of a classroom teacher.
Club Kidpreneur also has a growing network of volunteers who are eager to support schools running the program. Contact us to see if you could be introduced to someone in your local area.
In every case entrepreneur mentors must have relevant Working With Children certification and the permission of the school to facilitate the CK Challenge program. It is the schools responsibility to ensure this.
18What if I don't know much about business?
The Ready Set Go curriculum is designed for someone with little to no business knowledge to teach. In each module there are videos, plus complete lesson plans and teaching resources ready to go. And by teaching the program, you’ll be learning about business at the same time.
19Is Club Kidpreneur a safe place for my child online?
20Is parental involvement required?
Parent or guardian involvement is required for all of Club Kidpreneur’s programs and initiatives. Parents and guardians must be aware of all online activities undertaken by their children. Parents and guardians are always notified every time a kidpreneur in their care signs up for a program. Your child will also need your support and involvement along the way as they get their business venture up and running. As they’ll be engaging with the public to sell their products and services, adult permission and supervision is essential. We insist on obtaining parental approval at each step of the business building process.