Professional Documents
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The National Foundation for Teaching Entrepreneurship
Teaching Young People
to Think Like Entrepreneurs
The National Foundation for Teaching Entrepreneurship (NFTE) provides entrepreneurship
education programs to young people from low-income communities through schools and
community-based organizations. Since 1987, NFTE has worked with more than 186,000
young people. NFTE currently has programs in 21 states and 13 countries outside the U.S.,
and has more than 1,000 active certified teachers. For more information visit www.nfte.com.
In This Issue…
Celebrating Future CEO Stars!
The Consortium for Entrepreneurship Education has been providing leadership for
over 25 years. Our primary focus has been assisting instructors, which has been
quite successful, but we still felt something was missing…and that something was
5 A “FISHY” Business... direct communication with the students.
NY REAL
Knowing that “experience is the best teacher”, we decided that who better to com-
municate with potential young entrepreneurs than young entrepreneurs themselves!
7 A Gift for Entrepreneurial Thinking
NFIB YEH Thus, Future CEO Stars was born.
Future CEO Stars is a monthly publication that features successful young
8 Sharon’s Page entrepreneurs from Consortium member organizations…designed to generate the
entrepreneurial mind-set!
9 What’s in Your Hands to Create?
Réseau des CJE du Québec Each issue has feature articles dedicated to stories written by students that tell
the secrets of their entrepreneurial success. Our hope is that this magazine will
11 From My Experience motivate, educate, and stimulate young people to follow their examples and chase
AdVanz & PA State Leadership Team their own dream.
Incentive marketing is pretty much a fancy word for “free Don’t always follow what other people to do when
gift sites.” When I entered the market, I simply wanted to developing or creating your businesses. Don’t be
earn a Sony PSP, as I didn’t have the money to buy one. I a slave to form or conventional thought. If you
therefore turned to online opportunities. I plunged head- become involved in something before everybody
first into my first venture with a “free gift site,”, but quit else, it is a bigger risk, but the reward will be con-
halfway through the process due to doubt created by others siderably larger when you succeed. You’ve proba-
about the legitimacy of my brainstorm. A month later, I bly read or heard this hundreds of times, but have
renewed my efforts, fully determined to prove that all the you actually applied it?
people who questioned me were wrong and that this was a
lawful and successful means to earn income. I successfully
Manage your time efficiently, especially if you
earned the PSP and decided that this was a legitimate
business opportunity. From there, I set a goal to start my have a full-time job or are a full-time high school/
own “free gift site” as soon as I earned enough capital. college student. Keep an organized calendar and
good notes tracking everything that you do.
After two years of earning gifts for myself, in January of 2007,
I started ZeroPriceTags, Inc. Now I am assisting people in Don’t always turn to the computer when trying
getting cash or free gifts online. The way my site works is to develop business ideas, even if your business is
that I connect potential customers, also known as leads, to based solely online. Sometimes ideas or concepts
big name advertisers such as Blockbuster, Netflix, Life Lock, will flow from your mind, and you simply can’t
and many others. The potential customers can sign up for a configure them in a word processing program.
variety of memberships offered by the advertisers - almost all
Bubbles, arrows, sketches are all important addi-
of the memberships involve a trial product or membership
tions to building up an idea.
to a service. A credit card is required but contrary to the
popular belief, by law, the companies have to lay out all
charges in the terms and conditions located on the order
page. In return, the advertisers pay me a commission for If you would like to learn more about my business or
each person I bring to them. In turn, I give a lion’s share have questions in general, feel free to drop me a line
of the commission back to the user who signed up for the support@zeropricetags.com.
membership in the form of a free gift. Our network has
sent over $900,000 in free gifts since opening last year.
i
*M ctiv
A
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din
to the Wise
Check out
* Not Quite What I Was Planning: Six-Word Memoirs by Writers Famous and Obscure.
The author asked people to write a six-word summaries of their lives.
Let’s adapt the same six-word activity to venture creation!
Try your own phrases and see what you can come up with!
\
\
Financing:
Where will I get the money?
Your turn:
Challenge!
Pick Your Challenge
Own Topic! A Friend!
Capture the essence of business.
When I first started Sand Shack three years ago I was determined to succeed. But
success in business isn’t as easy as just reading about it, and the best way to learn is to
get out there and do it. Although the first years of operations have by no means been
easy, they have been full of valuable lessons and experiences.
To read more about Brian, his current projects, and his entrepreneurial adventures and lessons, visit www.brianlinton.com.
Brian may be contacted at brian@sandshack.com.
By Nadia Campbell
Prior to that position, I opened a Day Spa in Crown I was fortunate to have the opportunity to participate in
Heights, Brooklyn. Our services included Facials, Massage The National Foundation for Teaching Entrepreneurship’s
and Nail Services. I had a great staff and consistent clien- (NFTE) Biztech program in 2002. NFTE has given me
tele, but I had too many complications with our landlord opportunities to network with like-minded entreprenuers
and decided to close. Even though things did not work out of all ages. I have also been able to have access to helpful
as planned, we had a great year and we made a difference in resources and attend exclusive events.
the community and the lives of our clientele. We hear that
people still stop by and ask if we will be opening another TVHF has also received numerous grants, awards and rec-
location, so that must mean we did something right! ognition from organizations such as the New York Mets
and Bank of America. We’ve been featured in several pub-
In addition to holding the roles mentioned, I have still lications, including The New York Times, the Daily News
maintained my most meaningful role of CEO & Founder and on Fox Business News.
of The Victorian Hands Foundation. TVHF is a nonprofit
organization that I started after I saw a special on elder abuse My main secret of success is engaging in things that I am
and neglect. I was only 11 years old, but I knew I wanted passionate about, and getting others to become passionate
to do something to help. So I started volunteering at a lo- as well.
cal nursing home by simply spending time talking with the
residents.. I then started encouraging other students and For more information on TVHF, please visit www.tvhf.org.
friends to volunteer with me on Sundays. To find out more about me and to request me as a speaker,
visit www.havehopespeak.com. My work will be featured
People starting asking us who we were, so I came up with in the February issue of Essence Magazine as well as on the
the name The Helping Hands Club. In 1998 I renamed the cable TV channel TNT.
organization The Victorian Hands Foundation, in honor of
my late aunt Victoria. She was very giving and was a nurse
and foster mother, in addition to having three biological
children.
have a career that would fulfill my dreams of making a Becoming an Entrepreneur has been fun for me. It’s a
meaningful impact for my family and society. lot of work and has required many hours of my time. I
am very excited about the future of Entrepreneurship and
My senior year in high school I enrolled in an Entrepre- what it can offer others as well as myself.
neurship program titled B.O.S.S. (Business Opportunities
for Self Starters). This was a course designed by Professor I feel I am making a difference in my future while assisting
Tim Scales from Indiana University East and funded by others. I will be providing employment for workers, mak-
the state of Indiana. The purpose of the course was to ing a positive impact on the economy, and representing my
teach Entrepreneurship to high school students. I had no family name with pride. In addition to the products I am
idea that the course would become my career. delivering through Noved Designs, I’m working with Pro-
fessor Scales to instruct entrepreneurship and economics
In just six months I have graduated from High School, to teachers, students and community members.
started college at Indiana University East where I study
Entrepreneurship, started several small business ideas and I am active in leading workshops titled “Build A Rock”.
have had a positive impact on many lives throughout the In just three months I have assisted in training over 150
United States by teaching workshops. teachers in Indiana and nearly 2,000 students about creat-
ing entrepreneurship and market economics. During the
My first product that I designed for the B.O.S.S. program same time period, we have traveled with the workshop to
is an all in one broom and dust pan that I call the, E-Z New Mexico, Arizona, Maryland, Nevada and Texas teach-
Sweep “Squeez”. It is a product I designed and have been ing at schools and the Boys and Girls Clubs.
developing to assist restaurant workers make their job eas-
ier and more efficient. I also have a similar product I de- I am also the producer of a television show about entre-
signed called the, E-Z Sweep “Swoosh”, it is to assist shop preneurship titled, “In Your Business” and I host a podcast
owners and workers in their clean-up activities. program titled, “Whose Idea was It?”. I have joined the
Rotary International club so I could start a Rotaract group
As my college career began, Professor Scales suggested that on my campus to serve college students who are interested
if I was a real entrepreneur, I would have many ideas and in Business and Entrepreneurship.
interests. He is correct and he suggests I form a parent
company for my developing ideas. I have recently formed I am also serving as the program assistant for the 2009
a parent company, Noved Designs. B.O.S.S. program for high school students. I am an ex-
cited and eager Entrepreneur.
My parent company, Noved Designs now has prod-
ucts in addition to E-Z Sweep, Noved Clothing
Future CEO Stars February 2009
14
Entrepreneurial
SPEED!!!!
BY NIC CRUZ
The secret to my success is simple. A full-on marketing blitz using everything I know about the market I’m selling to. I live in
a small town and cater to a specific community of car lovers. The kind of car lovers that live, sleep, and communicate on the
Internet. They’re part of the car clubs that only exist online and share everything about their car with anyone who will listen.
Using this knowledge, I build my custom headlights for cars for the biggest online following and post pictures of them on my
website. I have many unique designs and it was only a matter of time before people from these online car communities found
them and began circulating them around the internet—free advertising! Also, since I enjoy the product I create so much, and
enjoy sharing with others, I’m going to have a booth at Marketplace for Entrepreneurs in January, 2009, to display some of my
custom head and tail lights.
My website came online and started recording traffic levels on the last day of May, 2008. Right away it started recording
respectable amounts of traffic by way of web hits, or clicks. Starting with a couple thousand a week in the month of June, to a
commanding 330 million in just the past twelve days! Web site hits do not translate to money in my pocket, of course, but it does
mean that what I’ve done so far is working. People are coming to my website, looking at what I’ve done, and are telling people
about it. A lot of people! All of this may sound good, and it is, but new problems now occur, like having to buy a dedicated server
so that my website never slows down because of high traffic volumes, hiring employees to keep up with order demands, deciding
where the next step in growth will be, and overall time management.
Owning my own business has brought me great joy. I’ve been able to watch my small project grow from out of my tiny condo and
into a 1500 square foot shop with five employees in just a few short months. My faith in God and the support of my wife help
me keep my sanity when I feel like the pressure is more than I can handle. My friends and family have been supportive as well,
which helps make it that much easier to wake up every day and truly love what I’m doing. Also, the support of my community
and the help from those who have walked this path before me have been very helpful!
I’ve only been my own boss since the second week of June, 2008, so I don’t feel I can really give anybody solid advice about
starting their own business, but if I could share one thing, it would be to make sure your dedication is there. This is hard work and
it’s going to require your constant attention. I don’t have any children
yet, but I liken a business to having a baby and nurturing it until it can
sustain itself without 24-hour care; there are no hours of operation,
there isn’t a pause button when things move faster than you’d like, nor is
there is there a fast-forward button when things aren’t moving quickly
enough. Be prepared for the journey you’re about to face, but most of
all, have fun! This is yours, and you deserve it!
Future CEO Stars February 2009
17
Ask GoVenture
“
Phishing is a type of fraud unique to the
world of computers and the Internet. Phish-
ers steal your personal account informa-
What are phishing and email
scams and how can I avoid them?
”
Phishers typically send you emails that be-
gin with the words:
• “Dear Valued Customer” (generic
tion and passwords by convincing you to
salutation, without your name).
share it with them. They do it by sending
you an email that looks like it is coming • “Verify your account.”
from a legitimate source you trust (like
• “Your account has been compro-
your bank), or from a desperate stranger
mised.”
offering to share great wealth with you.
These bogus emails require you to “con- • “If you don’t respond within 48
firm” your personal information over the hours, your account will be GoVenture Educational
Internet. closed.” Games and Simulations
• “Click the link below to gain access for entrepreneurship, business, marketing,
In this confidence game, you offer your
accounting, personal finance, investing,
credit card numbers, passwords, ac- to your account.” math, economics, career and life skills,
count information, or other personal data Always question emails requesting personal and more!
in good faith, only to have it stolen. The information — or offers from desperate
con artist quickly uses your accounts and Perfect for home or school. Visit our
strangers. Remember, if an email message website for product information, demo
passwords to purchase goods, apply for looks suspicious, it probably is. videos, free trials, and more!
instant credit, and steal your savings.
GoVenture Activity
Matching Terms — Small Business
Match the following terms with the correct definitions
by placing the letter that corresponds to each term next
to the definition you think best describes that term.
A. Balance Sheet A business owned by one person.
B. Franchise Shows the entire cumulative financial position at the end
of an accounting period.
C. Brand Loyalty A word, symbol, a design, or a combination of these,
used to distinguish the wares or services of one person or
organization from those of others in the marketplace.
D. Income Statement Measures the operating activity (sales and expenses) that
has occurred during a specific accounting period.
E. Patent The act of calling something to the attention of the public,
usually for the purpose of trying to sell a product or service.
F. Sole Proprietorship Someone who manages, operates, and assumes the risks
of a business or enterprise. Entrepreneur Board Game
G. Advertising The more people know about a business, the more likely Learn about business and accounting with
they are to visit that business if it has what they need. a unique and fun group learning activity.
For home or school. Ages 12 to adult.
H. Bookkeeping Describes where a company is now and where it wants to go.
I. Business Plan A business that is actually owned by someone else, but
you own and operate a location of that business.
J. Trademark Helps protect your invention from being exploited by others.
K. Brand Recognition If someone purchases a product and is very satisfied with the
purchase, they are likely to return as a customer in the future.
Educational Games
L. Entrepreneur The act of maintaining accurate and detailed financial
records while running your business.
and Simulations
toll
Answers: free 1-800-331-2282
A. F, B. A, C. J, D. D, E. G, F. L, G. K, H. I, I. B, J. E, K. C, L. H Future CEO Stars February 2009
www.goventure.net
www.NationalEweek.org
This Announcement is Sponsored by
the Consortium for Entrepreneurship
Education, a 501(c)(3) non-profit corporation
GREEN TEENS
ON
TEAM GREEN
By Tiffany Brown
EntrePrep is a week long Summer A Pizza” whose theme went along
Institute for students who want with our Go Green concept per-
to learn about economic entrepre- fectly! On the morning of our
neurship education. This is a great business-for-a- day we set up our
program; allowing participants to stand and began selling our prod-
get hands on experience in owning ucts. We had to come up with a
and running a business. Most kids way to make people stop, so we
our age don’t get such an opportu- started saying things like, “Save the
nity! We learned how hard it is to planet”, or, “Save the trees”. Once
market and sell great ideas. we got someone’s attention we ex-
plained our mission. Some people
I am Tiffany Brown, a junior at stopped and listened, and others
Paul M Hodgson Vocational Tech- just walked away. Marketing is
nical High School majoring in business technology. not easy but at the end of the day we made a profit
I participated in the EntrePrep program on August and sold most of our items. The best part about the
3 - 9 2008, at the University of Delaware. I started program was creating the product, learning how to
a company called Team Green with Jahmya, Jamie, work as a team and handle differences of opinions.
Lauren and Ciera that focused on a trend and mar- The worst part was selling the product. People didn’t
ket need to keep environmental issues and the ‘Go even care; they just kept on walking, and they didn’t
Green’ concept at the forefront of everyone’s mind. even want the free information sheet. We learned a
We worked hard and played hard, enjoying extreme lot of lessons that can be applied to the real working
ultimate Frisbee while talking about our ideas. Team world. We also have a better understanding of what
Green’s objective was to sell merchandise that en- it takes to get a business going. Even if you have a
couraged consumers to save the planet by ‘going good idea, message, product or service you still have
green’, raise awareness about recycling and have to get the message out to the market place and work
a better understanding about what causes global even harder to try and get other people to ‘act’ on
warming. We sold canvas bags and T-shirts that had behalf of the mission or buy the product or service.
clever phrases with pretty handmade designs using Good thing we were able to learn this lesson in a fun
environmentally safe products. We also handed out environment with friends, mentors and teachers!
flyers with facts about global warming and how con-
sumers can help prevent it. Thank you Jim O’Neill, Delaware Council on Eco-
nomic Education, Carrie McIndoe and University
After making our product we had to find a place to of Delaware.
advertise and sell. We were fortunate to find “Peace
Future CEO
CEO Stars
Stars February 2009
Future October
May 2008 2008
27
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