Young Entrepreneurs Foundation started a programme with 16 minipreneurs at Nozala Primary School in Bloemfontein on 26 March as part of their programme which will educate children from the age of 7 to 15 on vital entrepreneurial and financial literacy skills and which will help them start growing their own micro-enterprises in a fun and experiential way.
Young Entrepreneurs founders said they founded the organisation out of frustration with the state of entrepreneurship education in the country.
“Entrepreneurship is NOT learned by reading a textbook and then taking a test to prove you are one. The entrepreneurial winning mindset consists of attributes that are instilled through repetitive experiential exposure from a young age and over time.”
They also stated one of the reasons for this initiative is because the premise that good grades and an after-school qualification will ensure job and financial security is no longer valid, the amount of unemployed graduates proves this point.
Apart from educating the children on vital entrepreneurial skills, the organisation also educates on the importance of money – where it comes from, the choices of whether it should be saved or spent.
Usually the organisation will host a market day to showcase the work the learners have done throughout the programme, but this year, due to the pandemic, the organisation will have to wait and see if they can have the market day.
According to them, if they do have the market day, they will have to plan it in a safe and careful way.
“The Young Entrepreneurs Virtual Academy (the first online business school for kids, teens and young adults), is expanding internationally and we are opening academies in various countries, among others Namibia, Kenya, Ghana, Rwanda and the US. Our purpose remains steadfast – to empower and capacitate children with the required skills, competencies and attributes to become the authors of their own destiny,” Young Entrepreneurs said about their future plans.