Bright business minds of the next generation are putting their heads together to collaborate on their projects.
Launceston Grammar has established an Entrepreneurs Club, which meets during lunchtime on Wednesdays, for students who have a business, or have an idea for a business.
The club offers a guest speaker program, where students can hear from Launceston Grammar alumni entrepreneurs and collaborate on their business plans and marketing strategies.
Grade 9 student, Hayley Ryan, is in the process of developing her mobile bubble tea business. She has started fitting out a coffee van and plans to use it at events like festivals.
Miss Ryan said she wanted to learn from other entrepreneurs to help strengthen her project and business plan.
“I want to learn new ideas and what other students are doing.”
Grade 8 student Reiley Hind started his business after watching his family navigate their way through their business challenges. His family own the Longford IGA, and he said he watched them struggle with the challenge of diverting food waste from landfill.
Experimenting with worm farms proved a solution, but the inquisitive Reiley took it one step further. Worms produce a highly prized liquid fertiliser, and he sells it from a stall outside his house.
“I built it up from that, and now I have about 30 people who buy it directly,” he said.
Launceston entrepreneur Errol Stewart was the first special guest speaker at the program on Wednesday, and he said he was excited to hear about the student’s pitches.
He said entrepreneurs were crucial economy-driving people.
“At any time if you have someone with that drive, it’s critical…entrepreneurs drive the economy,” he said.
Mr Stewart said entrepreneurs were the ones out there “chancing their arm” and having a go, and helped stimulate wealth.
Launceston Grammar principal Richard Ford said the program had started this year and aimed to help build collaboration.
He said the students would develop their ideas and business plans, and at the end of the program, they would pitch to a panel of judges in a Shark Tank-type scenario.
Students will be competing for prize money, which will be used a seed funding for their business.
Mr Ford said Grammar hoped to run the program twice a year.