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Career capstone jwu for money uts capstone registration action research literature review pdf converter hey there it's mommy seed and today I'm showing you how to make money by putting us spin on the ice cream challenge you know is ice cream taste test videos that we love well what if you could actually make money by putting a spin on that ice cream challenge I'm talking about being a kid preneur and instead of an ice cream taste test you're gonna create your own ice cream cart business if you're part of the seeds go out then hey what's up if not make sure you click the subscribe button right here on the mom ec channel and also click that eye in the corner and subscribe to the loose seeds channel that's my kids Channel Nigel and Nadia subscribe to both because we're always doing fun videos that help you explore your genius it is hot out here where is the ice cream truck I feel like the ice cream truck never comes around I bet everybody in the name of what feels like this you know what I think I'm gonna solve this now there's the sign of a true entrepreneur seeing a need and finding a solution this is going to be easier than you think the idea is that you'll create a cart and sell ice cream in your neighborhood for any business we'll discuss in this channel you're gonna need five things we call them the five M the first M materials for this business your materials are going to include foam boards markers a rolling cart a cooler and ice ice cream of course and as Nigel is showing an outfit that makes you look like a classic ice cream salesperson is a nice touch pick second M money we wrapped three pieces of foam board for about a dollar each a pack of markers we use sharpie fine points they were about 15 dollars for a 24 count pack but you may be able to avoid this cost if you already have markers around your house next up is a rolling cart you may have this at home too but it's not you can probably find a good one for around $30 there are tons of cooler options and since most people have one at home I'm not gonna include a cost for that I'm pretty sure you have one at home too so you start up cost can range from about $5 to about $50 altogether if you don't have that on your own hopefully a parent can help you out with that one now let's get into our ongoing cost there are so many types of ice cream since you're getting different types of ice cream bars you're gonna take the cost of each box and divide it by the number of ice cream bars in that box let's say you start off with deciding to buy three boxes of bars to sell box number one costs six dollars per box of 12 or $0.50 each box number two cost five dollars per box of 10 or 50 cents each and box number three eight dollars per box of 20 or 40 cents each if after doing the math on all your boxes you find that your bars are this close and cost say a difference of 10 or 15 or 20 cents you may want to just keep things simple and just do an average cost of all your ball in our example we're gonna go with 50 cents each the price that you charge your customer is always going to include your product cost indirect cost that you may not think of like going to the store to get your products your labor costs like going around your neighborhood to sell the bars and your profit the money that you make on the sale our product cost is 50 cents per bar we're gonna estimate another 10 cents per bar for indirect cause and for labor let's say you decide you want to make about $10 an hour and you think you can sell about 20 bars an hour that means the amount you're getting for labor on each bar is 50 cents the last part of your cost is your profit remember you are a business owner your goal is to make money to determine your price have an idea of what your market is willing to pay sure your customers could drive to a store and buy an ice cream bar on their own but you are offering them the convenience of not having to leave their house consider that and your pricing so in our example you decide to markup your bars by 100 percent to get your selling price using the equation cost plus cost times 100 percent you're gonna get a selling price of $2 20 cents maybe you decide your markets willing to pay a bit more because that ice cream truck is still nowhere to be found so markup your product 150% using that same equation your price is two dollars and seventy five cents the third M make your gonna make your product but in this case we're not making our product we're actually just making the props for the product we found ice cream pictures online and our resident artist daddy seed went to work next just put your cooler on top of your rolling card attach the foam boy signs to the cooler for a more sturdy construction you may want to try plywood secured with L brackets and then glue the foam board to the plywood place your ice in the cooler place your ice cream inside and you're off the fourth M is market who are you selling to and how are you gonna reach them with this business is super simple there's no upfront marketing you're just going door-to-door to your neighbors hello nice shirt thank you I'm a kid entrepreneur from around your neighborhood and I'm selling ice cream today it's really hot outside they are really good really good ice creams you know cool you down some so would you like to buy one [Music] what was that for I scream you scream we all scream for ice cream oh okay okay so would you like to buy some ice cream okay I'll take one bar [Music] thank you thank you keep going your neck for selling is gonna determine how much you sell and you're gonna get better over time hi I'm an entrepreneur from around your neighborhood and I'm selling ice cubes today would you like to buy one sure I'll take one thank you thank you and it's continued on to the next house of the neighborhood hey little boy was she saying hi I'm an entrepreneur from around the neighborhood and I'm selling ice creams today so would you like to buy one oh that's a nice haha take my heels off to look at this I like your ice cream cart [Music] [Music] 50 M is magic what special touch can you put on your business that'll make you stand out from any competition now only do this one if you get permission from your parents but one idea to put a magic touch on your business is to offer delivery between certain hours leave a fire with your customers letting them know that they can text you during certain hours if they get a hankering for ice cream and you'll just run some over again this one's for the older kids and if you get permission from your parents another idea to show your magic hitch the ice cream cart to your bicycle now you have a cream cycle another idea throw some blankets and chairs around your cart now you have an ice cream parlor hope you enjoyed this video did you enjoy this video let me know by clicking that thumbs up do you have any youtube trend ideas that you love and you'd like to see me make a business out of it where you can make some money let me know about it in the comments and I'll see what I can do so until next time remember to make it fun make it your own and make money [Music] Oh a little boy great job okay serious I'm serious hey and little boy great jump stop hey and little boy great job thank you stop hey a little boy great job hello I'm a kid entrepreneur from your neighborhood and I'm selling ice cream would you like to buy one there are five dollars they're really good it's really hot outside me some cold and you're old you just got sold oh hello I am selling this I dream I'm 12 years old and I do not want to scream hello it is really hot outside you need something cold and you're old these ice creams are $5 they also call me different color first yayi I'm with ice cream southern China rose me what ouch I just actually hurts my two feet what yeah some ice cream five dollars really good get some I think you should [Music] project management capstone tutor order Pace University.