Students in Year 9 at Knox Grammar have commenced an innovative new program to inspire their inner entrepreneur.
The initiative, called ‘The $20 Boss Program’, has been developed by the Foundation for Young Australians
in partnership with the National Australia Bank and aims to unleash the creativity of young people and build innovation, enterprise and financial skills.
Each boy has been given $20 in ‘seed funding’ and the opportunity to plan, budget and market their business idea, and then one month to run their business.
At the end of the month participants pay back the $20 with a $1 legacy donation (to support the sustainability of the initiative) and they have the choice to donate any profit to their school or a charity of their choice, or retain a portion for themselves.