Young Mil­lion­aires ready to earn

There are 26 fran­co­phone youth sell­ing va­ri­ety of prod­ucts in P.E.I.

The Guardian (Charlottetown) - - BUSINESS -

Twenty-six Is­land youth from across P.E.I. have es­tab­lished sum­mer busi­nesses through the fan­co­phone edi­tion of the Young Mil­lion­aires pro­gram.

Their 19 busi­nesses of­fer tourists and Is­lan­ders a wide va­ri­ety of prod­ucts: treats and snacks, toys, arts and crafts, scented bath bombs, bar clams, tie-dyed T-shirts, fire starters, dog cloth­ing and ac­ces­sories, herbs, lip­stick, stress balls, hot­dogs and ham­burg­ers, pas­tries, plaques for hang­ing medals, dec­o­ra­tions and chick­ens.

Again this year, RDÉE Prince Ed­ward Is­land is de­liv­er­ing the pro­vin­cial Je­unes mil­lion­naires pro­gram, man­aged provin­cially by the Cen­tral Devel­op­ment Cor­po­ra­tion. The pro­gram is funded through the At­lantic Canada Op­por­tu­ni­ties Agency and In­no­va­tion P.E.I.

The par­tic­i­pat­ing bilin­gual youth at­tend three work­shops to learn the ba­sics of en­trepreneur­ship, in­clud­ing busi­ness plans, mar­ket stud­ies, cus­tomer ser­vice, qual­ity con­trol, bud­gets and other re­lated top­ics. They then have to present their busi­ness plan dur­ing an in­di­vid­ual in­ter­view.

Each par­tic­i­pant re­ceives a grant (up to $100 for in­di­vid­u­als and $150 for part­ner­ships) to help es­tab­lish his or her busi­ness and to pur­chase pro­duc­tion ma­te­ri­als. Look for youth sell­ing their prod­ucts at var­i­ous fes­ti­vals across the prov­ince, as well as the Aca­dian Mu­si­cal Vil­lage and at the Bot­tle Houses over the course of the sum­mer.

“Last year, our 26 Young Mil­lion­aires at­tained record sales of $15,000 and record prof­its of $8,000. We’re hop­ing this year’s par­tic­i­pants will have as much, if not more, suc­cess,” said Stéphane Blanchard, youth eco­nomic devel­op­ment of­fi­cer with RDÉE P.E.I. “We’re wel­com­ing sev­eral new young en­trepreneurs into the fold this sum­mer, but quite a few of our par­tic­i­pants are back for a sec­ond, third or even fourth year.”


Jonah Go­goh, left, the young en­tre­pre­neur be­hind Go­goh Cre­ations, is among the 26 fran­co­phone youth who have launched a sum­mer busi­ness through Young Mil­lion­aires. Ram­say Gal­lant, right, sells Ram­say’s BathBombs through the pro­gram

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