Calvin Barhitte’s woodworking business is taking off. “Right now, I am working on an order of 220,” he said. The 12-year-old made more than $6,000 so far and is already looking to expand.
“At first, I was doing little hot plates, but I’m planning with some of my profit to be investing in new things,” said Calvin.
Calvin is one of 50 entrepreneurs in a virtual business incubator for 10- to 13-year-olds called My Big Idea. They come up with their own idea, start their own businesses, find their own customers, and make their own money. They have to learn a lot.
“Things like supply and demand, inventory, how are they going to meet those needs, how are they going to make a profit, what exactly is going to be their brand and how are they going to name their business,” said Anne Landers, vice president of Junior Achievement.