Since Berwick’s Carmen Williams I quit her job just under a year ago, she has been on a vertical learning curve growing her business and has enjoyed sharing her learnings with her two young children.
In parallel to this she coached her children’s father to start his own business.
Watching both their parents in business they naturally decided to emulate this and start their own business.
“I supported them to identify the business that they wanted to start which was selling honey crackles and the basics of a business plan so that the bank of mum would agree that it is a good investment and provide capital,” Ms Williams said.
“But this was only the start. Having the idea is one thing, execution is everything.
“Execution required focus, hard work and most of all going out of their comfort zone.”
The two children sold honey crackles in the supermarket whist buying more ingredients, on social media to friends and family, door to door and at the Christmas nights.
They learnt to feel the fear of approaching strangers’ cold and did it anyway.
They perfected their sales pitch and refined their approach.
“After paying the bank of mum back they had made $80 which is more money than they have ever had,” she said.
“And now they know how to make money.
“They have since started a number of different businesses including selling cold water at a park on a hot day and hosting an event where they served cheese toasties and cupcakes.”
Ms Williams said she takes great pleasure in teaching them not only about managing money but also how to make money.
“I think this is going to set them up for a future economy that looks very different to todays,” she said.
