What does it cover?
The KidsMBA course is delivered through a 2- day intensive course supported by a written course pack. The lessons are taught through lecturing, games, role play and discussion.
It provides an introduction to the mind-set and skills needed and the sort of issues that anyone will encounter when starting a business.
The course will cover topics, including:
- What is a business?
- Products and Services
- Marketing and Sales
- Customer care
- Business letters
- Bookkeeping and understanding basic accounts
- Business Plans
- Raising finance
- Corporate Responsibility
Students will receive at the end of the course a personalised Certificate of Achievement and a KidsMBA badge. Students will be offered the chance to compete for the KidsMBA Star Performer Trophy. At the end of the second day of the course, students who wish to do so can pitch their business idea to judges in a Shark Tank type of event and the winner of the best business idea will be awarded the KidsMBA Star Performer Trophy.
Both students and trainers receive separate course packs to guide them through the 2 days. The master text is written in English. The text is presented in a simple and non-technical way, to assist translation into other languages. The content is engaging and can be readily taught by someone with no previous business experience.
Local experts have been recruited to allow the course to be edited to accommodate for and reflect cultural sensibilities and national tax and legal requirements.
Why is it needed?
Not every child’s future lies in being a salaried employee but, even those that do, will gain from a better understanding of what matters to their employers. Their grasp of the life skills used in business will decide whether or not they financially survive or succeed.
This is as relevant whether they decide to set out as the next Bill Gates, carve a career in the professions or indeed make money as a sportsman, actor or singer.
Whether one starts a new company or sells ones’ skills as a self-employed person, one is engaging in business. Small businesses in the developed world represent one of the most significant employers, whilst self-employment represents the most significant source of income in the developing world.
Yet the basic skills needed to trade are “assumed” to be known rather than taught in schools and more often, in practice, learned through trial and error. Leaving matters to chance exposes new business to a high rate of attrition. Studies suggest that in the UK more than half of new businesses don’t survive beyond five years.