The Young Entrepreneur Business Fair

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Caelyn Driscoll

The Young Entrepreneur Business Fair will be held on June 24 from 1:00-4:00 p. m. at Club Eclipse, 5615 Wellington Road, Gainesville.  Twenty-three Young Entrepreneurs between the ages of 6 and 16 will showcase 21 business ideas.

The Young Entrepreneur Business Fair started as a collaboration between a few small business owners who wanted to bring a business fair to local children. Planning began in early April with five businesses, and the event has grown to include the support of over thirty local businesses to help support the event by providing youth mentorship, event sponsorship, business training, and/or raffle prizes.

The first Introductory Meeting was held at Long & Foster Realtors Gainesville where current and former Youth Entrepreneurs presented their journeys to interested children, teens, and their parents. One of the featured speakers was Jackson Smith, the 17-year-old CEO of Mobile Battles, LLC, who began his thriving mobile nerf war business at just 14.

Youth businesses span product and service-based industries. Each youth entrepreneur has been partnered with an adult business owner who will provide weekly guidance and advice to aid preparation for the Business Fair, and to provide insight into starting and running a small business. Fair organizers are providing Mentors, Parents, and Youth Entrepreneurs with templates, worksheets, and resources throughout the process.

Youth Entrepreneurs must create their business plan over the next month, and do the work themselves to launch their business idea. They will learn how to create/source their product or service, and how to price their products and services to yield a profit. Young entrepreneurs will also promote their business to draw customers and clients while preparing their table displays. The young entrepreneurs are asked to consider how they will spend the profit they make.

Caelyn Driscoll, a fifth-grader who started a hand-sewn pincushion business, says that she is raising money for a European field trip that will take place next year.  Ten-year-old Alex Cave plans to create Teal Slime. Teal is the color of Food Allergy Awareness, and Alex plans to donate a portion of proceeds to Food Allergy Research & Education (FARE).

By Prince William Living

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