Tuesday, October 13, 2009
Parent to Parent: Teen Entrepreneurs
Who hasn't dreamed of being your own boss? Well, one South Florida high school is teaching its students how to make that dream a reality. Seven's Lynn Martinez has the buzz on the biz in tonight's Parent to Parent.
WSVN -- Alegandro Migenes: "My business idea is to have an entertainment group that throws, hosts and promotes parties."
In this class at Miami Southridge Senior High, kids are encouraged to think big.
Alegandro Migenes: "I wanted to be a contractor for like, old houses."
Student: "My idea was mostly web design."
They are taking part in a program called NFTE: The Network For Teaching Entrepreneurship.
Alice Horn: "We allow them to develop a business plan, which teaches them to think like entrepreneurs and gives them a pathway to prosperity and success, which is so important, particularly in this economy."
The class lasts all year...
Anna Carranza: "JJ has clothing, so his business idea is going to address a need."
...during which kids learn now to develop real business plans.
Anna Carranza: "They see math, they see financial statements, they have to write, they have to research, but it's so applicable to them that it makes it exciting. It makes it appropriate."
The business plans include finding investors, making projections, goals and developing a complete marketing campaign.
Alegandro Migenes: "When everybody grows up, they don't want to be working for somebody else, they want to be their own boss, and this class is giving me all the tools I need to overcome the obstacles in order to become my own boss."
Stephanie Traber knows how it feels to be the boss. She's a NFTE grad with a business called Unique Creations.
Last year, her decorative centerpiece biz won NFTE's regional competition. Now she's competing at the national level.
Stephanie Traber: "I learned that I can make something of myself instead of following and just doing a regular standard job. I can actually become an entrepreneur, which is something that I never thought I would be in a million years."
For now, her business is part-time, but she says she'll expand in the future-- using the skills she learned in class.
Stephanie Traber: "Kids need to understand that you can do anything you want. No dream is too small or too big."
Lynn Martinez: "Stephanie is in New York City now, taking part in the national business plan competition, where she made it in to the top 12. Not bad, considering there are 250,000 students from around the world.
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