I am so impressed with the improvements I have seen in the regular traders this month.
We adapted to a new format of smaller weekly markets instead of the larger monthly events of last year. We are really lucky to have space every Thursday at Cape Point Vineyards and although week day evenings are tricky for many kids, it has been super for them to be part of a “real”trading environment. We did manage one Saturday event too at The Red Herring so a bumper month with 5 markets…with another 5 in March too. Stalls can be booked here: https://pocketmoneymarket.com/market-stall-bookings-for-kids-from-3-to-16/
The grand prize for February was kindly sponsored by THE SWEETEST THING PATISSERIE in Simon’s Town and is a voucher for R250 and a tour of the business with some hands on experience of running a small business from real entrepreneurs.
And the winner is….
Over all Entrepreneur of the month for February 2016: Robert Palmer – Robert’s Organic Magic Plants. Robert progressed a long way this month, getting to grips with his accounting and he produces all his wares without assistance, using things with little or no cost. In addition his point of sale displays are great and although he is not naturally a salesman or people person, his product knowledge and love of plants equips him to hold his own with even the most demanding clients. Robert also picked up a job at the market and did a day’s planting – a lovely bit of market penetration. Congratulations Robert!
Robert was SO excited…he was actually gunning for Best Display so overall winner was a huge surprize.
Other awards went to:
|Sales Excellence||We All Scream for Ice Cream||Emma Colyn|
|Presentation & Point Of SaleExcellence||Message in the bottle||Rawk Dudley-Stead|
|Salesmanship||The Sweets||Francesca McCann-Pereira|
|Product & presentation excellence||Beeswacky||Ethan Hunter
Sales Supporter: Ryan Hunter
|Best original product||Table Mountain Dragons||Joanna Deppe|
|Salesmanship||To good to be true||Josh Changfoot
|Innovation & Point of Sale||The Fun Spot||Josiah Mortlock- 8
Kian Mortlock- 5
|Consistancy and positivity||ICED 3 (Iced Tea)||Neve Martin
|Presentation of products & best turned out traders||Sweet Truth||Michael & Stephen Bottcher|
|Accounting excellence, Best newcomer||Magical Mischief||Kiana Rayne Sonnenberg|
|Ability to improvise & innovate||Face Painting||Kyara Russell|
There are also certifcates of participation for all the children who attended in February, please get in touch to arrange to get them. Thank you so much to Cape Point Vineyards for having us and they also kindly printed this month’s certificates.
The Febuary focus was COSTING & PRICING the goods with ACCOUNTING in mind. This did not appeal initially but is really the foundation in many ways and once the kids get it they ralise how helpful it is. It is a juggling act to keep it light enough to be fun while ensuring the project goals are achieved…so awards are a massive motivator and the smaller format markets provide much more time for me to work with the youngsters. On Saturday we had a workshop and everyone who attended recieved an ebook on costing and pricing too – I think (hope) many pennies droppped. March will focus on ADVERSING, POINT OF SALE & MARKETING, April will have MARKET PENETRATION, DIVERSIFICATION & PRODUCT OPTIMISATION as a theme. Newcomers will have a chance to catch up as we will cycle through all the material regularly, I am happy to repeat modules for any group of 5 or more and each session takes about an hour. There is no charge for these and all are welcome.
Over the next couple of weeks I will be adding the pages to this website for each child who wishes to trade between markets so you can order directly.
We featured in the Weekend Argus as well as the community papers and I have done a lot of radio this month too. However A SPONSOR is still desparately needed as I am still self funding. Winter is on the way and I need to hire indoor venues and I also need large weekend venues for the monthly bigger markets as well as workshops and training. Prizes, learning material, transport and subsidization for the outreach kids all need to be sorted. I see so much potential but am unable to fufil it all as I still work 2 jobs – if I could give up one then this could really take flight.
At the end of the day, I am in SA for the long haul and raising my child here. The only way forward is to do what we can to make it work and it seems to me that much of what is wrong stems from financial insecurity and children who are often largely unparented. The Pocket Money Market has two main aims: The primary objective is nurturing a spirit of entrepreneurship in young children with the long term goal that more South Africans will be able to sustain themselves independently and possibly in a more flexible lifestyle conducive to less commuting and more active parenting. The second objective is to bring real and immediate income generation to families where the means for the children to join the Pocket Money Market are simply not available, via the outreach programme.
The current group of children are really starting to earn well and paying for meaningful things and saving decent amounts. I believe one day they will be able to work for themselves and take care of their families. We have been running a year already and I think I have some 200 accounting sheets on file which is a requirement of each stall. I anticipate at least double that this year, possibly much more.
I simply do not have the time to fundraise but if you have any ideas or contacts please drop me a line: email@example.com
As always thanks to everyone who supports this project and my sister Nikki for all her hard work and especially for arranging this lovely prize.
If anyone missed the last report on the actual markets please check it out here: https://pocketmoneymarket.com/budding-bransons-took-flight-in-feb-awards-free-seminar-march-schedule/
See you at the market!