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Is Your Whiz-Kid An Entrepreneur?

Updated on October 28, 2014

When Matt was eight, his parents planned an ordinary hometown community garage sale. He was excited, but not in the way you might think. Most kids his age would consider perhaps new toys, clothes or a family outing with the extra money that a garage sale would produce.

However, that was not Matt's way. After hearing of the sale, he went off into his room to figure out what he could sale. Granted, it's common for kids to sell refreshments, but Matt had other ideas. Soon he emerged from his room and said to his dad, "I need three hundred small paper bags, black magic marker, oh yeah! And a big box," as he ran back into his bedroom.

After acquiring the materials that he needed, Matt got to work. Unbeknown to his parents, he had saved all the prizes found in his "Happy Meals," together with Hot Wheels and other cool items like Pokemon Cards and California Rasin Figurines. Each bag got a hand full of chose pieces.

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Now ready for the weekend garage sale, Matt used, pretty much, all of his Crayons to make a sign for his box of goodies. The sign said: "GRAB BAGS FOR EVERYONE! $1.00 each." With this effective marketing and Matt, out on the front lines selling his grab bags, every kid in the neighborhood had to have at least one. Parents that left empty handed came back because the kids had to have grab bags. In fact, the campaign was so successful that he ran out after the first day.

Matt's parents were proud of his initiative and the creativity that when into making his idea a success. When they asked Matt, what do you want to buy with your earnings? He said, "I need more toys!" But not for the reasons you might think.

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