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u -WATBRUX)CHwNK2L£0mdt-i«dly. tuty ll. 2012 m J , Going to the market 1 0 Youth Market partners with UpT own Market to help young entrepreneurs Bv BoaV‘mrutc (flimnicley oung entrepreneurs looking to test 5 themselves and their ideas are being . given the chance through a new pro gram called the Youth Market at Waterloo public square. . Q In partnership with the UpTown Market. | t “w held every Thursday in the square. Youth Market participants will be able to sell or pro f mote their products without having to worry _ at. ,; c, . s about the overhead of having a storefront or ’ ‘ t” ‘ uttice location. 4 m 4 . ' , . Plus they will get five business develop- 2 4‘ at .. ,. . A ment training sessions in July and August . I ‘ .. H ' » 1 , throng the Waterloo Region Small Business » Q‘s/tiff? ' Centre, and a minimum of three market days ' ' to sell their service or product. A nominal $50 fee covers all the costs and risk normally A .. > ~~ associated with launching a new business . , b. - .- j. "PM“ if 5 ~ Li:.:;,5::.,.w . The idea of the Youth Market is the brain- .. g ' _ _ xfg‘okaafi'gg, _<. ' child of Sharon Kennedy. who works at the ' ”Mafia? 5 y; nearby Balsillie School and was a customer at ' ’ ' i. g {<5 A. y , lltc weekly farmer and crafter marketplace ' , ' 31; $33?! She thought it might be a good way to help , . ‘ g , , my, 2; game ; [N‘tlplt' her age start their own business. " 1_ , I ‘ ~ " ~ "I‘ve been interested in entrepreneurship . -_ 5: ~ ‘ 7 .. . lot a while now. especially entrepreneurship . v » ' j?;itsez=::.x3 ._ 1 . for youth. and work for an organization “ ’ a” ' i' t’tlllt'd the Youth Employment Network.” said The UpTown Market's Tracy Suerich, left. helped welcome an new initiative called the Youth Market, founded by Sharon Kennedy, last Thurs- Kcnnedy. "Wt- do a lot of work on youth day at Waterloo public square. The initiative’s goal is to give youth entrepreneurs valuable experience. scam/tut mom Inlmur market policy and youth employ" lllt'lll. arid I think it is as much an issue in here for. which is helping people succeed on Gardens“ to Grow. which was recently lea» queue," said Kennedy. “It's training and ( tutttda asanyultt'rt't-Iw." their own." said Suerich. “It's all part of the titted in the Chronicle. Kennedy said having simultaneously its experience. and gives the youth unemployment rate in (angular same vision. the booths surrounded by other vendors is a them practical use of those skills here {it the is around 14 per cent, twice the national “It took two seconds for me to say we have great way to expand the market for the startâ€" market." .l\t‘lilgL‘. and many arc stuck iii the cotton to find away to dothis." up businesses participating and helps them Suerich said the networking aspect is also thorn of having lllllt' of the extwrit-nce most Kennedy said she understands how diffi- reach more of the general public with their important for the market and will make it a i t~tttp|0yers are looking for when they try to cult it is to start a business and that nurturing prtxlucts. mttch more beneficial experience for every- ltrt'dk into the job market entrepreneurial spirit can be a struggle.Vlftth~ “Most of the people have been selling to one involved as they look to carry on the ”toting people graduate university and out startvup capital and the ability to get their families and friends. which is easy to do. momentum of the strong showing they've l ... don't really kntm what to do or find it really backing from the banks or other investors. but it's hard to expand that." said Kennedy. "If had so larthisseason. ’ hard to get a jolt." said Kennedy. “I think its many at the business ideas the Youth Market you don't have a venue, or a budget for rnar- “People get to learn best practices and important to have some low risk avenues to is looking to support would never get off the ket'tng or advertising. this is a way for them to they get to learn how to succeed together." its out entrepreneurship as an option or art ground. get exposure and test out the market before said Suerich. ‘lt’s grunting weekbyweek.” ‘ alternative." “For young people. it‘s almost impossible making an investment. ‘ The Youth Market is open to young entre- UpT'own Market co<ordinater Tracy to get a bank loan.” said Kennedy. “We don't "And marketing as a group makes it a lot preneurs underdteageofllt). Nut-rich called it a writ-win situation for both have collateral. we don't have savings and it easier to do when you‘re doing it together.” For more information on the Youth Mar organizations. The Uptown Market is contin- lot of us have debt from school. in addition to the training sessions that ket, visit www.youthmarket.wordpress.com uously looking to add to its offerings and the “A big thing is just to get out in the mar participants receive. the Youth Market is also or email Kennedy at Youth Market will allow for an eclectic mix of ketplaoe with really low start~up costs“ hoping to do a networking session and get skennedyfibalsillieschoolea. vendors in the square The Youth Market had three businesses the type of mentorship that helps new busi- The UpTown Market runs Thursdays from ' "We get to expand by having more ven- take pan duirng the inaugural week at the [losses take flight. 3 to 7 pm. until Oct. 25. For more inforrna< don. and we get to do what the market is UpTown Market last Thursday, including “it will feature things like business eti- tion visltwww.waterloofarmmarketrca. l fl Th ULTIMATE Dockin t It pl Cw ulâ€"«w ‘ “ a r‘ g 8 etc Eta ‘ '. 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