Who is H.O.P.E.S. In Families?
The Heart of Pearl Empowering Success In Families' is a 501(c)(3) Charitable Faith Based Community Non-Profit Organization. Our mission is to regenerate love, hope, unity, value, self-respect, acceptance, confidence and strength in our families that will lead to successful living, one person at a time.
What is Y.E.A.M?
Y.E.A.M. (Young Entrepreneurs Academy & Marketplace) is a program started by H.O.P.E.S in Families that introduces youth ages 6 - 14 to the business and the working world, in a fun, friendly fashion creating an atmosphere to share their gifts and talents and pursue their dreams. Our youth will gain experience as a business owner by generating business ideas, learning the steps to starting a business, conduct market research, write business plans, business etiquette, and launch their very own business, turning their ideas into cash.
What is the Acton Children’s Business Fair?
The Acton Children’s Business Fair inspires ch ildren to discover their inner entrepreneur. The largest entrepreneurship event for kids in North America, this one-day market gives children the opportunity to showcase their very own businesses.
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 more than two of the same type of business.
How will the fair be set up?
The fair will be an indoor event with booths. Each business will be given a booth with an 8-foot table (to share with one other business), and 1-2 chairs. Table cloths will not be provided. 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. If a parent is found selling or promoting a child’s product or service, their child’s business will be disqualified from the competition.
Parents of younger children may sit in the booth, but 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.