It has been many years since we piloted the TREP$ program. The kids in that first group of young entrepreneurs are now in their final years of high school and starting to think about what lies ahead. You may know that our own children were in that original group, so we have enjoyed a summer filled with visits to colleges. Since my son is a math/science kid, we recently went to a technical university that offers many engineering programs.
The one thing that struck me from the last college tour was the number of times the tour-guide used phrases like product commercialization, innovative thinking and entrepreneurial thinking. It was clear that they were focused on having their students understand the entrepreneurial side of engineering.
In addition, they recommended that students look for interesting things they have done to set them apart from the crowd when filling out their applications. Hmmm... Are you thinking what I'm thinking? How many 17 year-olds can say that they started their first business at 12 and now they are running an income-generating business as their part-time job while in highschool? I have a hunch this would be more impressive than working at the local grocery store, and certainly more lucrative.
We are so proud and happy with the thought that maybe TREP$ may have a little something to do with increased likelihood of upcoming college acceptances by being the experience that has made thousands of children stand apart from others.
Thanks so much for all you do,
Pamela and Hayley
Amanda Cosgrove, entrepreneur.
and check out page 22 to learn how Miranda Cosgrove is an entrepreneur too!
For your TREP$ Team!
Thanks to a request from Carina in Cooperstown, we are now offering TREP$ Team Buttons for your Teachers and Parent Volunteers to wear at the Marketplace. $20 for a dozen.
Click here to order, or request them when you order your workbooks and aprons.
Meet Ryan, owner of "Bears Around Town"
Hello! My name is Ryan Jordan and I am 11 years old and I participated in Westbrook School's TREP$ Marketplace in West Milford, N.J. I came up with an idea when I was looking at my miniature Boston houses I made for my Cub Scout Blue and Gold dinner a few years ago. Every one liked them there, so I decided to make them for TREP$, except the buildings would be of West Milford. Since there are lots of bears in town, I thought it would be cute if each was stamped with a bear. That led to me naming my business "Bears Around Town."
The most fun part was selling my product at the Marketplace. I really enjoyed the fact that everyone was commenting at what a good idea it was. My biggest challenge was getting the drawings done in time. Near the end I almost thought that I was going to run out of time to draw!
I would love to continue my business because I had a great time and loved the feeling selling my products gave me. When people came up to me, they mostly looked at my products and then started to comment and ask me questions on how I made them. The most said comment was how cute the little bear stamps were. This made me feel great. It always brought a smile to my face.
One of my products was the bike shop in town. A customer came up and said to her son, "Look, they even have Town Cycle!" She later said that she owned it with her husband. She bought one. Of course I gave her a discount. I got a custom order for a church in town and another customer wanted me to draw her house.
After the marketplace I gave one of my St. Joseph's churches to my pastor and at mass he showed it to the church. I got 6 orders after mass. That was totally unexpected.
In the end, I made an $86.00 profit. I only had $20.00 for my expenses, but we were using scrap wood and paint, so it really kept my costs down. TREP$ encouraged me that maybe I could continue this business after the market place. TREP$ is something that I will do every year after this.
TREP$ is TRADEMARKED
Use of the TREP$ name without our permission is illegal. If you would like items with TREP$ on them please ask us and we will look into offering them. This is how the aprons, calculators, banners and buttons became available. To be fair to you, we make them VERY affordable. Please be fair to us and respect our trademarked name. (One exception- signage to publicize the marketplace. Go For It! Even though we offer banners, you have our permission to make signs to bring in a crowd!)
Want Smelly Socks? Meet Lindsey
My name is Lindsey Renna and I am an 11-year-old student at Westbrook School. I am also a competitive dancer and we dancers work very hard. We keep all of our many dance shoes in a sort of gym bag, and since we all work so hard, we also share a common problem...a very smelly dance bag! So I knew I could use my TREP$ experience to help with this problem! I wanted to make gym bag deodorizers! I thought this would be great not only for dance bags, but gym bags, sock drawers and lockers too.
At first my idea was to just use square pieces of cloth, filled with baby powder, and sewn closed. My mom was afraid that the baby powder would come through the cloth though. So we had to think of other ideas.
My next idea was to use baby socks instead of cloth squares, but we still had the problem of the baby powder coming through the sock. I liked the baby sock idea (since socks kind of go with gym bags), so I had to come up with another idea for scenting them. At this point, I also came up with the name for my business: "Smelly Socks".
I decided to search the internet and stores for fragrance beads. However, this turned out to be a very expensive way to go. I knew I had to keep my product priced under $5. I asked my parents to help me with other ideas.
My dad suggested we try to fill the socks with rice. Rice wouldn't go through the fabric sock and it wasn't very expensive. We just needed to scent it somehow. Now, it was time to experiment! We put some uncooked rice on a paper plate and mixed it with some pine-scented fragrance oil that my mom had left over from Christmas. It made the rice look very wet, and I was beginning to think that this would not work. We left it overnight to see if it would dry.
The next morning, I checked on my paper plate full of rice and it was dry! It also smelled great! Finally, we were getting somewhere!
I bought several cute little baby socks and different fragrance oils at a store. I decided to change the name of the scent that appeared on the bottle's label. After all, I knew my product had to appeal to the kids that would be buying it. So, I changed "Citrus" to "Lemonade" and "Apple" to "Candy Apple" and so on.
I think this idea work well, since "Candy Apple" was the first to sell out at Marketplace! In fact, people came to my Smelly Socks booth and asked for certain scents like "Cupcake" because they heard it from a friend. Word was spreading and I was excited! I sold almost all of my product. I gave some of the left over "Smelly Socks" to my friends at dance, since they were my inspiration.
TREP$ was a fun experience! Not only did I learn some things along the way, I was able to solve a problem and make a little spending money too. Disney World, here I come!
New to TREP$?
With the mission of empowering each child with an entrepreneurial mindset, TREP$ is working to improve the futures of today's youth.TREP$ (short for enTREPreneurS), is an after-school program in which children in grades 4-8 are taught everything they need to know to start their own businesses in about 6 weeks. The program ends with a large scale flea-market style event called The TREP$ Marketplace, giving the new entrepreneurs the opportunity to launch their businesses, selling real products to real customers for real money! Talk about a motivating experience. Winner of NJPTA'S Champion for Children Award, TREP$ is helping many schools around the world teach important skills while engaging and motivating the children. The program has been featured on NJN's Classroom Close-Up as well as ASCD's Education Update.Link to TREP$ WebsiteLink to Classroom Close-UpLink to Education Update
Get Ready for the TREP$ Marketplaces
We just got our first fall dates!
Tuesday, November 15, 2011
Friday, November 18, 2011
Marshall Hill School
Be sure to send us your Marketplace submission
so that we can include it
on our calendar!
TREP$ Banners Now Available!
Due to popular demand, we've added TREP$ Banners to our line of products! There are a few options. This one is 2.5'x6' and fits beautifully into this inexpensive banner stand.
Click here to request more information on banners.
'TREP Hunter, of AR Games featured in
Congratulations to Hunter, a young entrepreneur who embraced technology and created a business selling computer games he created himself.
Future CEO Stars Magazine
Click here to open the online magazine, a product of the Consortium for Entrepreneurship Education and read the article about his experience as a young entrepreneur is on page 4.
West Milford, NJ
Memorial Middle School
Cedar Grove, NJ
St Elizabeth Ann Seton Academy
St Paul, MN
Cedar Hill School
Oxford Central School
Schuyler Colfax School
Frankford Twp School
Sussex Avenue School
Clarke County School District
Golden Hill Elementary
Jawahir Al Riyadh Int'l School
Future Window Int'l School
Al Ghad School
Mountain Lakes, NJ
Ridgewood Ave School
Glen Ridge, NJ
Richard Butler Middle School
West Hall Middle School
Gilmour Academy Lower School
Gates Mills, OH
King Khaled Int'l School,
The Star School,
Lecole Soleil Levant,
New Brunswick, Canada
Tumeh Family Home School
Al Yasmin Int'l,
Yara Int'l School,
Cobb Cnty District,
Cobb Cty, GA
New MiddleEast Int'l,
White Rock School,
West Milford, NJ
Green Hills School,
Maple Road School,
West Milford, NJ
West Milford, NJ
West Nyack, NY
Hasbrouck Hts, NJ
Walter T Bergen MS,
Oak Ridge, NJ
|We would like to thank the following organizations for their ongoing support:|