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Kids as young as eight years are running successful businesses and making huge profits at a school in Dubai. The students of Next Generation School (NGS) in Barsha use a play currency invented by the school to teach their students about entrepreneurship, leadership and real-life experiences.
The school has a unique life skills programme and classroom economy system, where students have jobs and receive salaries in 'NGS' currencies.
"We try to mimic real life experiences through the programme," the life-skills coordinator at NGS Pranti Zaveri, told Khaleej Times. "The main message is giving, saving and spending. We really want children to stress on charity, to give back to the community and how to budget and manage their finances. You have to connect what you are learning in class with real life."
Real-seeming job adverts are placed inside classrooms and in hallways, which can be applied by students. Jobs such as bankers, custodians, teacher's assistant, messenger, energy saver, line leader and recycler are available to the kids. After a student gets selected for the job, he or she is required to sign a job contract.
One student in Grade 4, Anayah Tahir, is employed as a messenger and receives a monthly salary of 475 NGS. However, she is making extra money on the side with her handmade jewellery business. "The rents can be a bit expensive, so we have to make some extra money. This year, I'm selling Pandora-style bracelets," said Tahir.
Business owners can operate their shops during the lunch break and customers can buy items only with NGS currencies. There are a total of 150 student-run businesses at the school, ranging from baked goods, lemonade stands and jewellery.
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