• Weekly webinars
• Monthly calls
• Challenges
• Tax Information
• Events: Mastermind – China – Vidcon
• Where to email for support
Program Components
Facebook Grouphttps://www.facebook.com/groups/591377517925966/
Example of The Week• Ella
• Created & selling
succulent teacups
• Bagging horse poo to sell
Example of The Week
• Ned & Grace
• Made & sold cupcakes for
Father’s Day
Book of the month:
Rich Dad Poor Dad For Teens
• Week One Reading:
• Introduction: ‘Your Journal To Financial
Freedom Begins Here’
• Chapter 1: ‘A New Way Of Learning’
• Chapter 2: ‘The New Rules For Making Money’
Questions to Ponder:
1. What does Robert Kyosaki share in the “thinking in numbers”
section of the introduction? What are your thoughts on this?
2. Dr Gardner’s intelligences are listed in chapter one. What learning
style/s do you think describe you?
3. Think about what your winning formula is. How can you use this
to your advantage in business?
4. Reflect on the difference in responses from Robert’s “Rich Dad” &
“Poor Dad” in chapter Two? What thoughts & feelings come up for
you as you read through them?
How To Book Calls
• Platinum and Gold members
• Accountability Calls
• Silver Members
• Strategy Calls
• Access for Gold and Platinum members this week
• We will be creating your account and sending you access
Click Funnels
Program Resources
• Youth In Business members area
• Media Club
Tax link for kids businesses
• Starting a business as a young
person
• https://www.business.gov.au/pl
anning/new-
businesses/starting-a-
business-as-a-young-person
• Structure, ABN, TFN, and More
• Introducing the “10 point checklist to tell if
your idea is a goer”
• It will quickly show you if your idea is a
goer and save you time and money by
letting you know before you start if your
idea is going to work
The 10 point Idea Testing Checklist
• Here are TEN THINGS that a good business
must have. When you come up with a new
business idea, run it past this checklist.
• We suggest you read these things together
as a family, and discuss what they mean
before you start coming up with business
ideas.
• That way you’ll already have an idea of what
you should be looking for.
10 Things A Good Business Must Have
1. You’re excited about the idea
• Why is this important? Because growing a business can
be hard work!
• If your business is boring then you won’t be motivated to
push through the tough times.
❏ Yes ❏ No
The 10 Things A Good Business Must Have
• Maybe you’ve heard people say things like “If only I could
get….”,or “I wish there was a better way to…”.
• When you show your product or service to
these people, they are very likely to buy.
• We call this having a “fanatical” or “passionate” crowd of
people who are really keen to buy your stuff.
❏ Yes ❏ No
2. You’ve seen people who really
want what you’re offering
• One of the most important parts of your
business is your MARKETING
• It’s even more important than what you sell (your product or
service). You can have the best product in the world, but if no
one knows about it, then you won’t make any money.
• How easy will it be to find your customers and tell them about
your stuff? Do they all live in your neighbourhood? Do they all
hang out at the same place? Do they all read the same
magazines, or visit the same website? Can you find them
easily on Facebook, Instagram, Twitter or Youtube?
❏ Yes ❏ No
3. It’s easy for you to find people to sell to
• They are willing and able to spend money on what
you’re offering.
• They’re not on a really tight budget, counting every
penny.
• The customers you want are the ones where price is
not such an issue for them. A good way to tell is to see
if they spend money on other things that are similar to
what you’re selling.
❏ Yes ❏ No
4. Your potential customers
can afford your stuff
• By that we mean that your product is easy and cheap to produce,
or your service is quick and easy to deliver.
• That gives you a higher PROFIT MARGIN. In other words, you
make more money on each sale.
❏ Yes ❏ No
5. It’s easy for you to create your
product or deliver your service
• For example, selling Fax Machines (ask your mum and
dad if you don’t know what a fax machine is) is not a great
business, because hardly anyone uses a fax anymore.
• If your business is in a growing
area then there is lots of room
for new businesses, and lots of
new customers to sell to.
❏ Yes ❏ No
6. There are lots of people interested in what
you’re selling, and the number is growing
❏ Yes ❏ No
7. You have something different from
what others are selling
• You don’t want to be what we call
a “me too” business.
• The best businesses are the ones that are OUTSTANDING. You
don’t have to be the best, but you do need to be different.
• Lucky for you, the fact that you’re a teenager starting a business
already makes you outstanding. People are likely to buy from
you because of this!
• Find other ways to be outstanding as well and you’re more likely
to beat your competition
• People should look at what you’re selling and say to
themselves “I’d be crazy not to buy this!”. Your offer should
be what we call a “no brainer”.
• You can do this best by really understanding what your
customer most WANTS, and giving it to them at a great
price.
❏ Yes ❏ No
8. You can provide great value
• We call this having a “backend” to your business.
• You see, the first time you sell something to a new customer, it
takes time and money to make that sale. But once they’re a
customer, it’s much easier and cheaper to sell them other
things.
• Your business will be much more
profitable if you have a backend
❏ Yes ❏ No
9. You have ideas for other things that
you could sell to the same people
• Some businesses have lots of government
regulation, (we call it “red tape”)
• Examples of businesses that are highly regulated include
plumbing, construction, and finance.
❏ Yes ❏ No
10. Your business is not something
that is highly regulated
• Ok so now that we have been through the
TEN THINGS that a good business must have.
• Its time to start brainstorming ideas….
• It’s important to come up with lots of ideas so
you can pick out the best one.
• If you already have a new business idea, run
it past this checklist. Be sure to answer yes to
all 10 points
Check Your Brainstorm
The Hot Dog Story
If we were to organise a selling
challenge with our own food stands
and we were in a competition to see who
could sell the most hotdogs,
What advantages would you most like to have
on your side to help you win?
What advantage beats all of these?
A hungry crowd!
If the crowd is starving, they don’t care about the
‘features’ of your product.
They are looking for a solution to their
“hunger problem”
We cant stress this enough - Before you start
creating your business idea, find a hungry
crowd first.
After all there is no point in making
hot dogs, if nobody’s hungry.
Two Types of Hungry Crowds
1. Passionate crowd - People who live,
breathe, eat and sleep the topic. For example
• Sports
• Animals
• Hobbies
• Crafts
• Music
• Fishing
• Entertainment
Two Types of Hungry Crowds
2. Desperate crowd – People who need a
solution to a problem. For example
• Pain relief
• Infertility
• Children with autism
• Debt/legal troubles
• Anxiety
• Funeral planning
Who is your
hungry crowd?
How Can You Find A Hungry Crowd?
• Amazon –book reviews give important clues for what people
are looking for when buying a book
• Clickbank - look for the products with the highest
gravity score
• Relevant forums – find out what people are complaining about.
What do people say they wish they had?
• Relevant Facebook pages – look at comments & profiles of
people, noting how old they are, family, hobbies etc. (looking
for commonalities)
• Download from the members area
• Complete it for your best business idea
• Email it to us at [email protected]
and we’ll set a time to discuss it with you
Kids Biz Quick Plan
Quick Win Challenge
September…
Quick Win Challenges
• They are all designed around a business
concept to help you quickly learn the
concept fast
• Most of these challenges will include things where
you make quick money, others are longer term
concepts which will build a foundation for you to
make more money later on.
• Either way you will make money and learn
business concepts to build your business on.
• This month is the $20 Challenge. Buy $20 of any product,
add value and resell it. For example, you could buy $20 of
chocolates (in bulk), and sell in the lead up to Father’s Day.
• You have until 30 September.
• 2 winners this month!!
1. The person who makes the most profit!
2. The best video sent in to us of your journey!
• Questions to consider: How can you add value? Where are
your customers?
$20 - Quick Win Challenge
$20 Challenge!!!
Cool Prizes …
• Bragging rights and a place on the leader
board
• Entrepreneur of the month Certificate
• Family Pass Movie tickets
• Go in the running to win the Youth In
Business Cup!
Challenge Leader Board
Will It Be You???
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