LIVONIA, Mich. (7/12/13)--"If you don't have a good reason to start a business, you won't succeed." That's the advice of Sasha Popkov, an eighth-grade student who opened a business checking account for her duct tape crafts business at Co-op Services CU in Livonia, Mich.
Eighth grader Sasha Popkov shows off duct tape crafts from her business, "Crafts 4 the Cure." Co-op Services CU in Livonia, Mich., was the only financial institution that would let her open a business checking account for her business. (Photo provided by the Michigan Credit Union League).
Popkov, an eighth-grader at Livonia's Clarenceville Middle School, is a supervisor in the school's student credit union, which is sponsored by the $401 million asset Co-op Services CU (Michigan Monitor
Co-op Services was the only financial institution that would let her open a business checking account for her company, "Crafts 4 the Cure," reported the Michigan Credit Union League.
Popkov opened the business after her mother was diagnosed with breast cancer more than three years ago. Her business makes and sells duct tape wallets, purses, flowers, glasses cases, I.D. holders and more. She runs the business but has recruited her mom, grandmother and two brothers for production operations. All proceeds from her business are donated to the American Cancer Society.
Popkov stressed that running a business is not easy and it takes effort and dedication. "It's fun and cool--a lot of people my age don't think about this," she said, adding that volunteering at the credit union helped her sort out her money better and become more organized.
"It's very rewarding to watch someone like Sasha use her amazing drive and volunteer experience at our student credit union to start a business as such a young age," Jeremy Cybulski, Co-op Services' youth and community development coordinator, told the league.
Popkov plans to continue her business "forever" or perhaps until she achieves her next goal of becoming an attorney.