Ignite the Spirit!!! Empower Youth Entrepreneurs Kathy Gielow November 2007 In the beginning…….. • • • • Founded ten years ago Started as a one week program; 25 hours Now 6 weeks; 150 hours Meets twice weekly during school year What does the program look like? • Opportunity recognition for business identification • Identification of personal interests and skills • Create a business plan • Create business cards, flyers, display boards • Create a marketing plan And there’s still more!!! • Teamwork simulations (Great Egg Drop) • • • • • design teams compete for contract vehicle carrier for raw egg budget ($50); resource management marketing jingle drop from 8 feet Advertising…… • Jingles for products • Band aids • Listerine mouthwash • Sprint cell phone Collaborating with Colleges • Experience Your Future Day • held at college • work in teams • new product • present to judges (Donald Trump) Movie Mania • Ethics: “Devil Wears Prada” – “Beauty Shop” • Introducing program: – “Last Holiday” – character creates a scrapbook of dreams and interests – “Pursuit of Happyness” – being true to yourself and the power of determination Marketing Mania • Tee Shirt marketing competition – – – – – – – Develop design concept Develop product line for the concept Develop sample tee shirt Prepare marketing presentation Include wholesale and retail cost analysis Present to authentic judges Partner with SIFE business to produce and sell shirts in their store and on website this year Hitting the Road! • Worksite visitations: 1.Manufacturing (Troyer Potato Chips, Ford Bubble Gum) 2.Franchise (Edible Arrangements, Cold Stone Creamery) 3.Design & Marketing (Fisher Price, IBC Digital) 4.Destination Business (Page’s Paradise Island, Make Your Own,****raffle now) Let the Games Begin!! • Business Scavenger Hunt – Held at local mall – Work in pairs – Alert mall management and security ahead – Prizes for most correct responses – ***for tee shirt marketing competition, have a lot of related questions (see sample scavenger hunt) Introducing……. • Entrepreneurial speakers: • Graham Nolan – Comics artist (X Men, Batman, Spiderman, Monster Island) – Compass Comics ****raffle signed copy • Meg Albers – International kite festivals – Owned retail site You’re Fired! • Apprentice Simulations – Lemonade Stand in college quad – Hot Dog Sale – Pizza Creations • At culinary school • Prepare in kitchens and create packaging • Chefs and culinary students are judges Wall Street Frenzy • Stock Market Game – Get free newspapers – Form stock groups – Free online lesson plans and resources – Trade online and compete with other teams – Track your success! Competition is Invigorating! • Cone Project – Give students 1 material all MUST use – Brainstorm ideas in a group – Allow creativity for prototype design – **This project was a sheet of plastic – Product presentation must include: product name, target market, where it would be available, product cost Design a Board Game! • Game creation and packaging – Task is to come up with a new board game for Parker Brothers (in groups of 4) – Target market: 5-12 year olds – Game must include game pieces, directions and strategies to win – Research to make sure your game does not already exist in the market – Use pizza boxes for packaging (see sample) And the Winners Are…. • Business Plan Competition – Culminating activity – Venture capital ($300, $200, $100) – Panel of authentic judges – Rubric (see sample) – Use power point presentation, business cards, display board – Awards Ceremony: mayor, media Business in an International Market • Global Exchange – Meet with your International Institute • Present to State Department members, educators, entrepreneurs from 2 major cities in Russia • They will model youth program after EYE • Collaborate for international Entrepreneurship Week activities Giving Back is Critical! • Buffalo First – Thank you cards to Buffalo First entrepreneurs – Volunteer at Buy Buffalo Bash November 14 (set-up, sell tickets, serve food, poster neighborhood) – Aids Family Services (WIGL baby shower) – Aids Community Services – holiday gift wrap at local mall Coming Attractions! • WNY Business Idol – Public access TV – Variety of simulations – Regional competition – Business involvement – Culminating event will be business plan competition Q and A