(Part 1 is here, but these two posts really have nothing to do with one another aside from the fact that it's a catchy title and I was too lazy to think up a different one.)
Fury's school does the coolest thing. A few times a year, they hold a student marketplace where kids can get their entrepreneur on and set up stalls to sell anything they want. They can peddle used items, homemade edibles, store-bought edibles, crafts, services -- pretty much anything they can think up and drag to school, except for weapons.
To provide legal tender for these activities, the school has established its own currency system. You start off the year with a set amount, and throughout the school year you can earn or spend those dollars for doing (or getting out of) chores and tasks. But what really separates the wheat from the chaff is the student marketplace. This is where fake money fortunes are made or squandered.
I learned of this recently when Fury asked "Hey, dad, I need you to help me make some Colt Cash."
I opened my mouth to say "well first you need to find an unclaimed street corner and a good supplier," but thought better of it and just said "why do you need cold cash?"
"No, Colt Cash!" And this was followed by the description I shared with you above.
Since our entire family watches the show Shark Tank religiously (it is the best show on TV), and I never pass up an opportunity to do my Mark Cuban impersonation, I proceeded to grill him on his business idea, which was this:
That's a Creeper costume from the game Minecraft. If your kid has succumbed to Minecraft, let's start a support group. No better yet, a drinking and partying group because our kids would never notice anyway.
Once we got to the "but how scalable is this? And could you get production cost to under $2 if we made it in China?" the holes in his business plan were simply too big to ignore. Plus, it might be hard to bike to school with them. So we did some brainstorming. What could we sell that would capitalize on the buying impulses of elementary school students with play money burning a hole in their pockets?
We had it. I wrote up a list of materials that he needed to go buy with mom, along with instructions on how to put it all together.
When I got home from the work the next day, the product was assembled and ready to go.
Introducing CANDYWARE, fashionable accessories made with real candy!
Of course, to hedge his bets, Fury also created two consulting companies (advertised on either side of the board above): Poptropica Island Boys, where he helps you get past some supposedly really tough island level on the Poptropica video game, and SkinTek, in which he uses a Minecraft skins app, which he bought with his own allowance, to create skins for your Minecraft characters (note the clever logo he drew up with the word Tek rolling off a conveyor belt).
When I got home from work the next day, he gave me the breakdown:
ALL 24 BRACELETS SOLD WITHIN 5 MINUTES
"And I already have orders for another batch!"
"So how much Colt Cash do you have now?"
"And how much did you start the year with?"
"$7,000... and I'm going to buy my way out of homework FOR THE REST OF THE YEAR!"
A good entrepreneur: knows how to make money. A dangerous entrepreneur: knows how to spend it wisely.
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Bonus: I also posted this week on MamaPop about what a bummer it is that fighting is now like a pop culture thing. I complain like you're on my lawn or something. It's quite lovely.