Providing teenager with personal, professional and academic enrichment activities that emphasize business and entrepreneurial principles

The RYYDA Program Rick Young Youth Development Academy

Providing teenager with personal, professional and academic enrichment activities that emphasize

business and entrepreneurial principles

18 week program Teach young students to think like

entrepreneurs Students creating ideas and working as a

team Step by step business planning After school activity/ incentives Keeping kids involved and out of trouble 60 minute sessions The RYYDA Program Rick Young Youth Development Academy Providing teenager with personal, professional and academic enrichment activities that

emphasize

business and entrepreneurial principles

Overview

Week 1- Buy In Week 2- Guest Speakers Week 3- Assign Groups Week 4- Business Plan Week 5, 6- Implement Business Plan Week 7, 8, 9- Presentations Week 10- Announce Winners Week 11, 12-Job Placement Week 13- Funding Week 14, 15, 16, 17, 18- Run the Business

HOW it works?

The RYYDA Program Rick Young Youth Development Academy Providing teenager with personal, professional and academic enrichment activities that emphasize business and entrepreneurial principles

Describe program and motivate students Introduce program and provide the end goal We want to take you from nothing to becoming their own

entrepreneur◦ They want to know how much money this building is making per

year◦ Make handout for students

Bring students to one of HOW Properties locations◦ 3221 Spring Garden Street◦ Show them how we made a successful business

Show them how we went from small row home’s to our building making this amount of money in your neighborhood

$5000 or a penny day one and doubles each day Need to set time tables

Week 1:Buy In


Guest speaker will provide presentation with insight on his/her career ◦ About 15 minutes◦ Need to find a true entrepreneurial◦ Rick can talk to towards this with all his different businesses◦ Counselor’s husband? plumbing

Students will take PI index◦ Will help in placing students in groups◦ 30 minutes

Students will begin thinking of ideas for their business (homework, due on Monday) (2 incentives)◦ 3-5 ideas

Week 2: Guest Speakers


Brainstorming and group decision making process◦ 20 ideas, vote top 10, then top 5, then choose

winner◦ Have examples prepared and models◦ 40 minutes

Week 3: Assign Groups


Students will be placed into designated groups ◦ Chosen by Torrence & PI Results◦ The 5-20 ideas they did for homework will help

the brain storming process groups (due on Thursday)

◦ Break into groups◦ Brainstorm to come up with final business idea for

each group

WEEK 4


Explain purpose and benefits of writing business plan 1. Determine Need- Explain what this means to the

students (definition)2. How to satisfy need- Definition3. Planning and finances- What does planning look like

and what do we mean by financing◦ 10 minutes

Students receive business plan hand out to fill in◦ Rest of session

Week 5: Business Plan


Week 6◦ Explain to students different roles in a business

Marketing Finance Operations Sales

◦ Assign roles to each student in the group Each role will have pre-determined responsibilities Students begin business plan in each of their roles

Week 7◦ Bring in experts to help with business plans◦ Finish business planWEEK 8◦ Bring in experts that can help with business plansBegin preparation for

presentations◦ Show them how they will be evaluated◦ Assign groups presentation dat

Week 6, 7 & 8: Work on Group’s Business Plan

The RYYDA Program Rick Young Youth Development AcademyProviding teenager with personal, professional and academic enrichment activities that emphasize business and entrepreneurial principles

Students will present business plans to investors◦ Max time for presentations is 15 minutes◦ Audience will fill out feedback forms for each

group◦ (Will need to have feedback forms already built)

Week 9 to 10: Presentations


Announce the 2 winners to the program◦ Provide feedback as to why they were chosen◦ Should students choose one of the groups??

Groups receive feedback forms Allow groups to ask investors questions Disperse business plans of winning groups

◦ Torrence will reassign remaining students into the two winning groups 10 minutes

Week 11: Announce Winners

The RYYDA Program Rick Young Youth Development Academy Providing teenager with personal, professional and academic enrichment activities that emphasi ze business and entrepreneurial principles

Week 12◦ Team building exercise

15 minutes◦ New roles assigned to students

Students work with designated “leaders in each role Prepare business plan for necessary funding 90 minutes (Week 12)

Week 12: Job Placement


Provide funding ◦ Groups will work with investors◦ Determine where to allocate funds◦ Prepare for start up of business◦ Begin to order necessary materials to run

business

Week 13: Funding


Groups will use this time to go out and run business

Students will be getting together twice a week◦ One day out running business◦ One day meet with investors and assess

performance

Week 14-18: Run the Business


Keeping students engaged in learning Provide them with foundation to succeed Raise Money

◦ Class gift back to McMichael◦ Class project◦ Graduation

Goals

The RYYDA Program Rick Young Youth Development AcademyProviding teenager with personal, professional and academic enrichment activities that emphasize business and entrepreneurial principles

Documents

Providing teenager with personal, professional and academic enrichment activities that emphasize business and entrepreneurial principles