In Canada, many children are embracing entrepreneurship, with Jayden Karlee Castillo starting her toy business at just six years old. Three years on, she has expanded her product range and participated in the Kids Markets event, selling items she creates herself and sources from wholesalers. Castillo has saved money for travel and plans to treat her parents to a special dinner.
Various programs support young entrepreneurs, such as BizKids Market in British Columbia, Kid2Kid in Toronto, and Children’s Business Fair in Brandon, Manitoba. According to Jodi Letkiewicz, an assistant professor of finance, there has been a surge in child entrepreneurs, possibly influenced by social media showcasing peers in business.
Platforms like YouTube and AI tools make it easier for kids to learn business basics. Letkiewicz notes that the rising cost of living may also prompt children to explore earning opportunities. Kids’ curiosity, creativity, and fearlessness of failure can drive them to start businesses, like Atley Ma, who founded SodaKid at nine and now funds his university studies.
Children gain valuable skills like financial literacy and problem-solving through entrepreneurship, as highlighted by economist Ross Levine. Chantelle Little, founder of Tiller, attributes her entrepreneurial success to her childhood experience of selling pop. Family support plays a crucial role in nurturing young entrepreneurs, providing resources and encouragement.
Emery and Hannah Hynes, running a soap and candle business, express gratitude for their mom’s support in covering market costs. Ma emphasizes the potential and learning opportunities for young entrepreneurs, encouraging them to explore various skills and possibilities while earning money on the side.