Ben O'Brien, Castlemartyr National School, Co. Cork pictured with their JEP product, 'Galacktyco Trading Cards'. They generated over €750 profit through the sales of their product
A major survey showing the aspiration of 11 and 12 year olds who had participated in a classroom business has revealed that 52% of Co. Kilkenny children have high aspirations to become entrepreneurs in the future. 46% of girls and 47% of boys in the county expressed an interest in being entrepreneurs when they grow up.
Across the 26 counties surveyed, 60% of eleven and twelve-year-old Irish children say that they would like to be an entrepreneur in the future, according to the survey of 8000 children who spent 12-16 weeks creating classroom businesses on the Junior Entrepreneur Programme in 2019.
60% of girls (across all counties surveyed) indicated that they would choose entrepreneurship as their career, according the study. 53% of boys reported that they would consider entrepreneurship as a career in the future, according to the survey in which 8,000 of the 16,000 pupils completing the programme in 26 counties across the island. The survey is one of the largest ever known to have been undertaken in Irish Primary schools. Children wrote their responses on their Junior Entrepreneur Class workbooks.
96% of pupils responded that they enjoyed working in a team during their JEP experience and 99% indicated that they enjoyed becoming classroom entrepreneurs on the programme. Every child put forward their own idea for the classroom business and a shortlist of ideas are pitched to Dragons from their local community, selecting one business idea which the whole class gets behind.
The survey reported a strong message from the 365 teachers surveyed was that setting up a classroom business was enjoyed by pupils. 99% of teachers reported that the children enjoyed the experience, while 96% reported that the programme was beneficial to the pupils. 89% of teachers reported that JEP helped facilitate the delivery of the core Primary School curriculum, though its use of maths, English, art and other subjects.
During the programme, children in 700 classes were mentored by local entrepreneurs from their communities. Every one of the children involved invested in their classroom business and was rewarded with a share of the profits from successful businesses.
The children invested their own money to launch the classroom businesses which had sales of €320,264 in 2019 producing a nett profit of €198,215. 67,000 children have taken part in the programme since it was launched in 2010.
“At 11 or 12 years of age children get a chance to learn about entrepreneurship, meet entrepreneurs in their local area and each child comes up with a business idea in 12 weeks. It’s just a like a real start-up business, with pupils allocated to market research, marketing, sales, finance and production. Every child invests a small amount of money and reaps the profits from the enterprise. They learn fast when they are talking about their own money” according to Tweak.com founder, entrepreneur Jerry Kennelly, who leads the programme and whose company sponsors JEP.
Signup has opened for the 2020 Junior Entrepreneur Programme, which is free of charge to pupils and schools. Teachers can can up at www.juniorentrepreneur.ie until October 4.