What is the Y.E.A.M?
The Young Entrepreneurs Academy & Marketplace inspires children to discover their inner entrepreneur. This is our 3rd Annual Event for kids in Baton Rouge, Louisiana, this one-day market gives children the opportunity to showcase their very own businesses.
How many businesses will you accept?
We will accept up to 30 businesses.
Where should I begin?
Contact us at hopesinfamilies@yahoo.com, connect with us on our social media platforms, instagram, facebook, & twitter. Read inspiring stories about other young entrepreneurs.
How do I apply? Can I apply as part of a group?
Application must be submitted online. Please submit one application for each business. Children working as a group should submit one application that includes each child’s information. No more than 3 participants per business.
What is on the application?
The application asks kids to think through some simple, but important elements of their business:
- What product or service do you plan to sell?
- What price will you charge for each product/service? How much will each product/service cost you?
- How will you pay for your startup costs? If someone is helping you with your startup costs, how will you pay that person back?
- How will you advertise/market your business before the fair?
- At the end of the fair, how will you determine if your business was a success?
What if someone else has the same business idea?
Two cupcake businesses? Not a problem. In general, we will let market forces play out, though we will let later entries know if another applicant has a similar idea so the later entrant can decide what to do.
How will the fair be set up?
The fair will be an outdoor event, all social distancing and covid-19 protocols will be enforced. Each business will be given a table and 1-2 chairs. Tents, Table cloths, & signage will not be provided but are acceptable. We are not able to accommodate businesses requiring electricity.
Will electricity be available?
Unfortunately, we are not able to provide electricity to the booths.
What are the rules?
This event is designed to give children the experience of selling a product or service. Parents are encouraged to assist however the children should be responsible for set up, customer interaction, and sales.
Parents may help their child fill out the application, but we expect the children to do as much as possible by themselves.