Year 4, Edition 3

8/8/2019 Year 4, Edition 3

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FFUTUREUTURECEOCEOSSTARSTARS2011, Issue 32011, Issue 3

Smiling Behind the Camera

See Page 4

CELEBRATE NATIONAL ENTREPRENEURSHIP WEEK

February 19th - 26th!

www.NationalEweek.com


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How can a persons career skills and experiences lead to becoming a successul entrepreneur?

. What personality traits are more likely to lead to success as an entrepreneur?

. Are there diferences between a market economy, entrepreneurship, ree enterprise, and capitalism

. What taxes do entrepreneurs pay?

. What items are part o a rms operating costs?

. How can an entrepreneur learn about what the customers want?

. How can computer skills help with business operations?

. How do entrepreneurs deal with risks?

. How is personal nancial literacy related to business nancial literacy?

0. What actors determine where to locate a business?

1. Why is branding important?

2. How does competition afect entrepreneurship?

3. What percent o American rms have no employees working or them? Why is this important?

4. What are some sources o unding to start a business?

5. What can an entrepreneur do i business sales drop of?

6. What should an entrepreneur consider when hiring employees or the business?

7. How does an entrepreneur work in a country that doesnt support capitalism?

8. What is tolerance o ambiguity and why is it important to an entrepreneur?9. How might an entrepreneur use company prots?

0. Why do entrepreneurs say they are in charge o their own ate?

GET YOUR FREE GENIUS CERTIFICATE

and Check out our ALL New Website at

Go to www.Entre-week.org

Are You An Entrepreneurial GENIUS?


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2011 Issue 32011 Issue 3

Published by The Consortiumfor Entrepreneurship Education1601 W Fifth Ave. #199Columbus, OH [email protected]

Publisher: Dr. Cathy AshmoreEditor: Mike AshmoreGraphic Design: SPLASH Design

Student Advisory Board

Chip Lowe, Claire He, Micah TolKelly Rapp, Marcus Craft

Web Page Design and ManagemCWD

44 Smiling Behind the CameraSmiling Behind the CameraNFTE, Inc.NFTE, Inc.66 Cooking Up SuccessCooking Up SuccessTREP$TREP$1010 CapstoneCapstoneIgniteIgnite1212 Fresh Squeezed SuccessFresh Squeezed SuccessHolthouse Foundation for KidsHolthouse Foundation for Kids1515 Raking It In!!Raking It In!! Four Bands CREATEFour Bands CREATE1616 WebinarsWebinars Chip LoweChip Lowe1818 FORE!!FORE!!2020 Not Just a GameNot Just a Game

Marketplace for KidsMarketplace for Kids2222 Cal ServicesCal Services The Lyles CenterThe Lyles Center2424 Other Peoples PetsOther Peoples PetsBuchholz AcademyBuchholz Academy2727 Small Setback...Small Setback... Rseau des CJE du QubecRseau des CJE du Qubec2828 E is for EntrepreneurE is for Entrepreneur31 Our Sponsors31 Our Sponsors

Why am I Smiling?Why am I Smiling?See page 20See page 20


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Future CEO Stars 2010 -11 Issue 24

Plumporcupine Photography is a different kind of photography business. I focusmore on helping to raise the self-esteem of girls from a various age range. Tisactually started 4 years ago; a friend of mine needed a reference picture of herself forher art class and she knew I was into photography, so she asked me to take photos ofher.

She came over to my house and I did her makeup and dressed her up. At first she wasreally shy when the camera was focused on her but then she eased up and started toget really into the modeling and posing. I was stunned and speechless since she was avery shy and quiet girl, but what had surprised me the most was when she was goingthrough the photos she had told me Wow! I have never felt so beautiful in my lifebefore. When she told me that, I kept telling myself She should feel beautiful everyday!

Because of this experience I felt I wanted to help raise other girls self esteem throughphotography. Even today, former customers who have had a photo session tell methey look at the photos and feel more confident about themselves. I really enjoyphotographing people since it enables me to work with people and capture a widevariety of emotions. It can be very stressful at times with scheduling photo shoots,setting up, and retouching, but its also very rewarding knowing at the end of the dayIve helped raised someones confidence.

When starting off I had used a really low grade camera, so a lot of people didnt take

my photography seriously until I showed them my portfolio. Ten they were justamazed. Te NFE program really helped me push myself towards photography;with the money I won from the competition I had bought my very first professionalcamera. Currently Im offering my photography services around the Woodbridge,Virginia area. Im kind of torn between attending college and working on my businesspart time, or taking a year off to work on my business full time. Eventually I hope tomove to New York and build up my portfolio with professional models, and gain moreknowledge on the fashion industry since I hope to become a fashion photographer.

Smiling Behindthe Camera

By Nina Maniphak


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Future CEO Stars 2010 - 11 Issue 2

Secrets of Success

1. Do what you truly want to do.

2. Dont wait for the once in a lifetime opportunity; just go out there and do it.

3. Risks are a bit like frienemies in the business world.


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(continued on next page)

My name is Melissa Kozell and I am in the Fourth Grade at Cedar Hill School in Montville,NJ. I was really excited when I frst heard about the REP$ program. Since I want tobe a che when I grow up, I knew that I wanted to do something that had to do with ood.

At frst I was going to do a cook book. A ew other people had that idea too. Ten mymom said that I could make a cookie cookbook and have samples or people to try. Shesaid she had recipes rom her grandmothers that have been in our amily or a long timeand maybe I should make some o them. I kept thinking about what I really wanted to do.

Ten I remembered that my mom made these cupcakes or my sisters party that lookedlike hamburgers. She also made rench ries rom sugar cookie dough. Everyone thought

that they were so cute. Last year my mom ound a cook book with lots o un cupcakesin it. She made chicken legs and peas and carrots or my sisters birthday becauseit is around April Fools day. I thought maybe I could make little meals, so I searchedor one more kind o meal. I saw these sushi rolls in a magazine made with cupcakes andruit roll ups and coconut. I thought they looked really cool. I came up with the nameMelissas Mini Meals. I decided to sell each meal or $2 and I made 20 o each meal.

We got the groceries and I was happy that a lot o the supplies that I needed were on sale. We got

dierent plates rom the dollar store and the lady at the Chinese ood restaurant let me buy 30pairs o chopsticks or $1.50 or the sushi plates. I colored the icings and the cookie dough andmade the white chocolate chicken bones a ew days beore the marketplace. Te day beore,my mom baked the cupcakes and as soon as I got home rom school, I started decorating. I wasa little scared that I wouldnt get it all done in time, but once I started working, it was really unand it went ast. My mom helped with icing the chicken legs and the cherry pies becausethey were really hard to do. Te sushis were hard to wrap and both my mom and dad helpedme. Ten my dad practiced counting change with me so I could do it at the market place.

Cooking UpCooking UpSuccessSuccessBy Melissa KozellBy Melissa Kozell


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Future CEO Stars 2010 - 11 Issue 2 7

I was excited and nervous when the market place started, but then I elt more comortableaer a little while.------------------------------------------------------------------------------------------.

Almost everyone that came to my table said that my meals were cute. I liked it whenthey would tell the person behind them that they had to come and see my cupcakes.I was really happy when the lady rom REPS came over and gave me a compliment

on how cute the cupcakes looked and what a great idea she thought they were. I soldmost o the meals during the frst hour and I sold out beore the market place was over.

One o the toughest things was having to explain over and over what the meals were made o.It was very noisy and I had to talk really loud so people could hear me. Some people thoughtmy ood was made o clay! Te other thing was that i you want to sell a ood product, youcant make it until right beore the market place or it wont be resh. I worked really hard theday beore and by the time I was done my hands were hurting rom icing over 60 cupcakes.

I dont plan on making mini meals all the time to sell, but I will do them or a party or anotherspecial occasion.-I had a lot o un and I made $102.00 proft. I cant wait to do it again nextyear!


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The energy in the room was electric. Students busy gluing wicks, pouring liquid wax,cleaning, wiping, counting, labeling and organizing soy candles. Tese studentswere on a mission to produce more than 1,600 candles in a little more than a week.

Students at Ovid-Elsie High School are getting a head start on being entrepreneursthrough the Business Department course titled Corporate Services, which is taught byMichael Shimek and Bonnie Ott. Students take this class as the capstone course inthe department and learn a solid foundation of business practices through hands-onactivities. Each year, the students in the class elect a board of directors from the class tomake decisions about the company they will form. Once elected, the board (along withthe help of the teachers) gets to work researching products, and calculating materials

needed.

Tis year, as in some past years, the students chose to produce 8 ounce soy candlesand the company is called Marauder Made Candle Company (after the high schoolsmascot, the Marauder). Students calculated the amount of soy wax, wicks, glass jars,and fragrance to purchase and that started the wheels in motion. Once all materialswere ordered and delivered, the students got busy. After production comes the sales.Students sell the candles to friends and family and keep well organized records. Students

in the class are the stockholders and make a donation to a local charity with a portion ofthe profits when the corporation is done.

Tis class has been offered since 2003 and there is always a high number of studentsthat want to take it. Several past students have graduated and gone on the start theirown businesses later-something that makes all the extra work very rewarding andworthwhile.

CapstoneCapstone


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12/31

Free, Fun, Experiential LearningThis year 100,000 kids across the nation will start their own lemonade stand business

on May 2. By 2013, Lemonade Day will reach 1 million young entrepreneurs in 100

cities. We want to bring this community-wide event for kids to YOUR city!

Great project for business schools, foundations, Boy Scouts, Girl Scouts, youth sports

and after-school programs!

Bring Lemonade Day to your city!

Build a Stand.. . SPARK A DREAM!

to bring this community-wide event for kids to YOUR city!

r business schools, foundations, Boy Scouts, Girl Scouts, youth

l programs!

Lets talk!Contact Executive Director

Julie Eberly at 713.626.KIDS or

[email protected].


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See you next year in Chicago at IIEEs Young Entrepreneur Conference!!!(continued on next page)


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AAt seventeen years old, RJ has 10 years of business experienceunder his belt. When he as only 7, he began mowing lawns toearn money. And in 10 years, his business, Lawrence Lawn Service,continues going strong. In the first 10 years of operation, thebusiness had little equipment, but there was a great demand forhis service. I had one lawnmower and one weed eater, RJ says.Sometimes I had so much work that I had to turn jobs down.

o promote his business, RJ developed some business cards. Butmost of his customers approached him while he was mowing lawns.

Over the years, word spread about the business, and now RJ looksforward to busy summers.

In 2008, RJ was in need of new equipment and he was consideringa business expansion. He approached the staff at Four Bands for a loan to buy new equipment.

RJ enrolled in the Individual Development Account (IDA) program and is saving money that FourBands will match. RJs savings will go towards the purchase of 2 new lawnmowers and a weed eater.

o earn money for the IDA savings program, RJ works part time at a local grocery store. RJ isparticipating in Four Bands Cheyenne River Entrepreneurial Assistance raining and Education(CREAE) classes to learn about businesses planning and managing as well as personal finance. Ireally like the CREAE classes, RJ says. Im learning how to better operate my business andplan for an expansion.

What does the future hold for Lawrence Lawn Service? RJ is hoping to expand into a year-roundservice provider. During the winter months, he wants to provide snow removal service. In the summer,he plans to offer landscaping in addition to lawn mowing and trimming. He also plans to hire peopleto help him with his business.

oday most of RJs customers are in Eagle Butte, but in the future, he plans to provide his service tomore communities in the area. RJ Lawrence is a Wavemaker on the Cheyenne River Reservation.His love of a challenge and drive to stay busy are leading him to success. RJ enjoys telling others hisstory and encouraging youth to consider entrepreneurship.

RJ enjoys performing his lawn service, which is a key to his success. I enjoy what I do. My work ismy play, he adds.

Raking It In!Raking It In!


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WWe live in a world driven by technology. No longer is distance an inhibitor tothe flow of information. You can live in Gainesville, Florida and work fora company based in Columbus, Ohio. Working long distance is easier, and moreinstant, than ever.

An extension of the ability to communicate across the nation, or across the globe,is that people can now collaborate and share ideas: We can bring the educationalenvironment to a group no matter what size and no matter how scattered. Whats more,rather than just talking about how this can change the way we think of learning andsharing ideas, the Consortium for Entrepreneurship Education (the parent companyof Future CEO Stars) is doing just that! You can visit www.entre-ed.org to view a listof scheduled webinar topics and hosts and even make your RSVP to remind yourself

to tune in!

It has never been easier to learn something than to just turn on your laptop and callin on your phone to hear the speakers! Te Consortiums E3 Webinars even allow youto chat with everyone tuning in via a public text chat feature, and if youd like, youcan speak directly to the speaker on the conference and ask them questions or giveappropriate feedback during the live webinar.

Webinars:Webinars:The NewThe NewCommunicationCommunication& Collaboration& Collaboration

By Chip LoweBy Chip Lowe


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o me, this is an exciting frontier! Many authors have written about the future andhundreds of movies have been made based around what our lives will be like inthe years to come, but rarely do you have the opportunity to be a part of a newrevolution yourself, and with webinars we have the chance to do just that - to pioneer

a communication tool that connects people across the globe in an interactive, learningvirtual room, rather than a traditional classroom.

Join us in January for the premiere of E3 Webinars!


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It began as a mundane chore: cleaning out the garage. Amongst the trash, we noticed theloaded garbage cans o gol balls. We always knew Mr. Ehrhardt collected gol balls, but notto this extent. Weekly, he and his wie would walk parks, felds, and gol courses mainly orexercise, but he also accumulated a lot o gol balls. And by a lot, I mean approximately 20,000

gol balls.

Our names are David Van Vlierbergen and Matthew Ehrhardt, and we are seniors in highschool. ogether, we launched our own entrepreneurship: MD Discount Gol Balls.

As you would expect, those 20,000 gol balls did not look appealing. Tey were covered withblotches o dirt, grass stains, and pen marks. We began cleaning the balls with wet cloths, soapy water, and dry towels. Tis was tedious, yet necessary. With this method, we each cleaned

about one or two balls a minute. We decided that we were spending too much time cleaning,and we had to fnd a more e cient system. We have a ew riends who worked at the localgol club, and we had this proposition or them. At any gol course, you can fnd one o thosemanual gol ball cleaning apparatuses that you crank in a circular motion. Since they had extrasin their club house that were o no use to them, we kindly asked to borrow two o them. Now,we each cleaned between our and eight balls a minute. We were content with this or sometime. But then, we thought, How does the gol course clean all those driving range balls? Tisled us to a colossal machine that spits out over one hundred balls per minute. Now, we waste

little time cleaning.

Aer everything is cleaned, we have to sort. Beore we determined how to sort, we had toperorm some market research on our main selling interace, eBay. Tis market research wouldprovide us with an idea o what sells, and what does not sell. A bunch o random grades andbrands together typically sells low, so we decided to sort balls by dierent brands, models, andgrades. Once we reach a set o 36, 72, or 100, we take a picture, package, and list the item on

eBay. We sometimes list our products as auctions; and, sometimes we list our products asbuy-it-now.

FORE!!By David Van Vlierbergen and

Matthew Ehrhardt


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We have since expanded into local markets by spreading the word in our neighborhood.We have ound returning customers who appreciate our business. But we have sold over onehundred items, so we cannot expect everything to work out perectly. Most o our customersare satisfed with our service and products; however, twice, customers have contacted us witha complaint that their product was not as described. Both accounts argued that their itemswere not in mint condition. Although we could not stand next to them and evaluate the ballswith them, we had to avoid urther conict to ensure that our seller eedback rating wouldsurvive unharmed. We listed possible solutions or both customers. One o them requested apartial reund, and the other chose to receive an additional 20 balls since he or she believed 20o the 100 did not satisy mint condition. Both o these accounts le us at an economic loss,but it prevented any catastrophic problems and le our customers happy.

Last winter, we observed the dip in winter sales so we stuck to cleaning. With that samestrategy in mind, we are cleaning and sorting, but we have proposed that we prepare packages

during the winter months so that we can rapidly list them come spring. So aer there is enoughballs or a set, we take a quality picture, label the box, store the picture in a document witha corresponding, succinct description on my computer, seal the box, and store the box. Notonly will this allow us to start the season promptly, but it also allows us to sell more productsover the same amount o time.

In the uture, we want to generate a greater inux o gol balls. In order to do so, we will have topursue the possibility o gol ball diving in ponds/lakes at gol courses. With gol ball diving,

people have extracted over a thousand gol balls in about an hour. A thousand gol balls cansell or as much as over a thousand dollars (Pro V1s, our is, Nike One, Brigestone), or as lowas two hundred dollars (ones with blemishes). I we can fnd an experienced gol ball diverlooking to reach a contract with us, we would generate a lot more proft.

Next all, Matthew Ehrhardt will study Pharmacy in college. David Van Vlierbergen plans onstudying a sector o business. No matter where college takes us, every summer we will returnto our business and continue to clear out the garage, and stu our pockets with the proft.


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My name is Ian Ridenhour. I am ten years old, and I amhomeschooled in Bismarck, North Dakota. In January 2009,I had an idea. Well, most days I have ideas, but I really liked this one.I wanted to make an educational trading card game about animals. Iliked this idea because I love trading card games and always have, ever

since a friend introduced me to them. Ive also always been drawn toanimals and wildlife in general, so I was thinking this game idea was pretty cool. I also suggestedit to Ali LaRock, a friend of the familys and a very talented Bismarck artist. But both of usdismissed it as something that was awesome, but far-fetched and probably not going to happen.So over the summer, I almost forgot about it. But in August 2009, I decided that I would makethe game for Marketplace for Kids.

So I started researching trading card games, like how they work and what they do. I also startedworking on researching the facts that I needed for the specific fifteen animals that I was going to

do. Eventually, I started designing cards: plugging in the information that I had, and researchingthe information that I didnt. At first, all I did was take rectangular scraps of poster board andmake very rough sketches on them. I then measured a couple of different trading cards to seethe size I would need to make my cards. From there, I threw together a format for the cards onMicrosoft Publisher. Ten came the long process of researching fifteen animals. When I finally gotall the cards finished, I had three months until the Marketplace.

But I still wasnt done. Did my game work with other people? What about the packaging?Can this game be really eco-friendly? Where can I get lots of cards printed? And an instruction

booklet! I need to make an instruction booklet! Whoa, cant forget the board! How do I make thepresentation board? What do I put on it? And hey, Mom, is my vocal presentation good...? Telist seemed to go on forever. I started with the instruction booklet. During the process of makinga booklet like mine, I learned more useful ways to use Publisher, and how to eschew surplusage.Next, I had a family play the game to see if they could understand the rules using the instructionbooklet. It worked! Ten I started working on the packaging for Animal Attack. I tried a variety ofdifferent packaging materials and styles, but finally settled on the most eco-friendly version, with

drawstring bags made from scrap fabric that I had at home, sewn by me.

ByByIan RidenhourIan Ridenhour


Not JustNot JustA GameA Game


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After that was the cards. I found out there was a local print shop in Bismarck called Te Printers,Inc. I looked into getting cards made there, and ended up getting the grand tour of the wholeshop! I ended up printing my cards out there. Ten came the display board. With the help of mymom, I assembled a colorful, information-filled, and useful display board that I could use as areference in my presentation. Along with it came five prototype games, displaying the variety offabrics that I had used for the bags. I then worked on my presentation - the flow of words and my

body language.

Finally, Marketplace for Kids was starting. Te whole day was fun, and I made several greatcontacts. Tat first showcase got me started on presenting. Since then, I have gone to two contests Bright Ideas and Marketplace of Ideas winning first place for the youth category in each one,and also exhibited at the North Dakota Educators Association Convention, where Animal Attackwas very popular. I made a lot of contacts, all of them great people to work with, and I am sureAnimal Attack is going to go far.

I am currently working on making more animals for expansion packs, and I plan to start sellingmy game in June 2011. In the future, I hope to keep on inspiring other bright minds with mywork. You can find out more on animalattack.wordpress.com.


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here arent any magic words or secret recipes to starting a successful venture. Te real differencebetween success and failure is the person leading the way. Awesome leaders have an attitudeof success and a will to get things done. Tats it. Ideas are a dime a dozen, who doesnt have an

incredible idea? If you dont now, you will, but the difference between an idea and a profitableventure is a person willing to do what it takes. You would be surprised how many people at thecollege entrepreneurship level are idea maniacs. All they do is talk, talk, talk about ideas andpossibilities. Its rare to find somebody who lets their actions do the talking. Tis isnt only inbusiness, its everywhere. People like to think of greatness, but fall short when it comes to thefollow through. Why do you think weight loss machines are always selling, only to gather dust?People think they want to improve or do worthwhile things, but it is uncommon to find somebodywho makes the first move with their feet instead of their mouth.

I grew up in a family with one self-employed parent and one government employed parent. Teyboth made a decent living and enjoyed what they did. Naturally I wanted to be like my dad, whohappened to be more business oriented. As I grew up I learned that my dad, though self-employed,was a slave to his business. He would work hard all day and then some at night. Eventually I cameto learn that he owned a job, not a business. My father is the hardest working person I know and hehas an incredibly successful attitude, but he didnt take the steps necessary to create a business.

I started Cal Services (previously Cal Suds) as an on-site car wash. About a year ago I remembereating pizza with a friend of mine, writing the numbers on a napkin to see if it could be a profitableventure, and then going to AutoZone to buy the equipment. Since that day, Cal Services, hasgrown into offering Pool Service, Lawn Care, Window Washing, Auto-Detailing, Rain GutterCleaning, and Pressure Washing. One thing that Ive learned along the way is you cant ever putenough focus on sales. Everything comes down to getting new and repeating customers. I cantstress this enough.

One very important part of a successful attitude is the desire to learn from everything. I cameto understand that even though we might like to think we know it all, we honestly dont know

Cal

ServicesBy Lyle Quillin


23/31



anything. One way to learn quickly is to figure out what you DON want. What DON youwant your business to operate like, what DON you want your business to look like, whatDON you want your business to come across like. For instance, every time I saw a small businesswith a car door magnet that looked like it was on its last leg I thought to myself, I will neverlook like that. Or when I saw a lawn mowing crew with a trashy looking vehicle, trashy lookingequipment, and trashy looking clothing I instantly wanted a good looking truck, well- maintained

equipment, and a service uniform for each employee. Tink of it like a problem solving game.Figure out what you dont want your business to be like, determine what you do want, then figureout what steps it will take to get it there and dont stop till you achieve your goal. No matterhow steep the climb, if you put one foot in front of the other, you will always attain your vision.It might not happen overnight or over a month. You will sometimes realize what you thought wasa great way to get new customers is actually a terrible way to get new customers, but youre notgoing to figure it out until you put one foot in front of the other with an attitude of success.


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Iam Sarah Bennett. I attend Buchholz High School where I am a student in the Academyof Entrepreneurship. I live in Gainesville Florida and when I was eight in 2004, I starteda small neighborhood pet sitting service. I created a flyer and I would go door to door in

my neighborhood handing out the flyers. So whenever a neighbor went out of town theywould know to call me and give me the needed instructions.

I love taking care of and being around animals. My family has had a snake, cats, turtles,

and fish. But that wasnt enough for me. So I came up with the idea of caring for my

neighbors animals. It worked out great for me and my parents, I got to be with animals

but my parents did not have to keep them. So with some help from them, I created my

first business.

This business has helped me in many ways. I learned how to treat clients, how to handle

money, and how to be responsible for my clients houses and pets while they were away. I

love what I am doing thats most important when youre starting your own business or a

new jobyou must love whatever youre doing. If I didnt love or care for their animals in

a proper way then my clients would notice that in the work that I do.

The secrets of my success are first off you must love your job to be successful. Second,

you must know your target market. If there were no animals in my neighborhood then

there would be no possibility of success. Lastly, be responsible and do more than what is

expected in whatever you do, because employers want to be confident in their employees.

If you follow these three tips then there is no doubt that you will succeed!

Other Peoples

Pets

By Sarah Bennett


25/31


Whatsin your

briefcase?

Applyfora2010 NFIB YoungEntrepreneurAward

Are you a budding entrepreneur?Do you know a young entrepreneur? Do you have dreams ofowning yourownbusiness? Ifyou answered yes to anyof

these questions, visit www.NFIB.com/YEAbeginning October31, 2009, to applyforthe 2010 NFIB Young EntrepreneurAward.


26/31



he Howard S. Billings tenth-grade Personal Orientation Program (POP) class dusted off theirGail Cooney Entrepreneurship rophy on the morning of November 16 and carried it withthem onto a bus headed for Chateauguay Valley Regional High School (CVR), not knowing ifthey would be bringing it home at the end of the day. Tey were scheduled to participate in twocontests: one a friendly test of entrepreneurial skills alongside CVR students; the other the real

battle between the POP classes of two New Frontiers School Board schools with both vying for thechance to return with the trophy in hand.

Te day began with the friendly test of wits and enthusiasm in which teams of four (made up oftwo students from each school) were given the name of a random object, a package of papers withwhich to create a business plan, and a sheet of poster board. Teir mission? o create and promotean original product, while detailing the steps that they would take in order to set up their business.Trough this activity the students learned how to properly create a business plan, a skill that couldhelp them garner support and funding should they ever wish to take their entrepreneurial skills out

into the real world. Tese plans were no easy task. Te teams had to consider many small detailssuch as the target group for their product, possible sources of competition, the balance of expensesand revenue, and even what their products warranty would cover. At the same time they also hadto design and create an eye-catching and informative poster.

When the time allotted for planning was up, the POP students filed into a classroom and weregiven a few minutes to affi x their posters to the walls and arrange themselves in front of thembefore another group of CVR students, each with $50 of Monopoly money in hand, was unleashedupon them. At this point each entrepreneur groups goal was to convince customers to buy their

product instead of another teams. Te winners were a snowman-shaped candlestick, which madea revenue of $63, custom rollerblades ($100), and a solar-powered barbeque, which came out wellon top with a revenue of $156.

After the winners were announced, invited guests told the students about their experiences asentrepreneurs. Te first was Ian Gill, a CVR alum who owned the Huntingdon eco-tourismenterprise Kayak Safari for many years before selling it to two university students. Second cameGail Cooney herself, the owner of Imprimerie Ressources Illimitees, a print shop in Chateauguay.

Cooney did not sugar-coat the hardships of starting a business.

Small Setback,Extensive

Experience

By Kelsey Powell


27/31


What separates an entrepreneur from the rest of the pack, she said, is being willing to work hardand give things up.

o close her short speech Cooney emphasized the importance of passing on the good fortune ofowning a stable business. An act of kindness, even if it costs you money, gives back ten times whatyou put in, so youve got to give back [to your community] every chance you get.

Finally, after Cooney had finished, it was time for the POP classes to present their ideas to a panelof judges, Dragons Den style. First was the Billings team, which presented the idea of a beautypageant/talent show. Te proceeds would go towards fees for sports jerseys and equipment, as wellas to the Canadian Cancer Society. Tey spoke about what such a contest would entail and howmuch it would cost to participate, among other things. Upon questioning from the judges, theyalso offered further details regarding projected attendance and revenue.

Next was the CVR team, who presented the idea of an New Frontiers School Board inter-school

dance and came armed with a detailed comparison between costs and revenue, multiple fundraisingpossibilities (including a football player auction), the promise of two bands who were alreadywilling to play at the event, and even attendance statistics gathered via a poll of CVR students.Much like the HSB group, they planned to donate some of their profit to a charity, Te Make-A-Wish Foundation.

Once both teams had presented their projects, the judges, among whom were HSB principal MikeHelm and NFSB Director General Wayne Goldthorp, commended both schools for their hardwork. Tey praised Billings for their idea of using social networking websites, such as Facebook,

to advertise their event, and CVR for their high level of work, research, and professionalism. GailCooney and the 2009 winning team stood to present the trophy and the winner was announced:CVR! Eden Neill, Laura Gregoire, and ricya Veronneau accepted the award on behalf of theirschool.

Despite their loss the Billings POP class went home in good spirits. Like true entrepreneurs theyrecognized that they had lost a trophy, but gained a huge amount of useful experience and thatthis competition was a small setback; one that future POP students could overcome. Tey knewthat with plenty of hard work and determination, HSB could someday bring the Gail Cooney

Entrepreneurship trophy back to their school.


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Atypical 20-year-old Boston University junior spendshis time in class, in the library, and counting downthe minutes until Friday. However, I also spend my time

working in real estate, directing a baseball umpiringprogram, and serving on a governmental council. Myname is Evan Gross, Im from Scarsdale, New York,

and Im majoring in Business Administration with adual concentration in Accounting and Finance, and Iam by no means a typical college student.

Ever since I was young I have looked at things through a business lens, and when I was 17 myentrepreneurial side came out in full force. I was bored senior year of high school, applying tocolleges and saying goodbye to friends, so I launched my own eBay consignment business. Iopened my own eBay store called Cards, Games, Gadgets, and More, ran marketing campaignsaround my high school and town and posted ads on Craigslist. Within two weeks I had clients

that were fellow high school students, elderly people looking to clean out their house, and evenbusiness leaders who had compiled items they no longer needed.

I prided myself on my devotion to customer service and attention to detail and in no time Iwas flooded with items I needed to sell. I hired two people to work under me and my businessprospered. I sold over 400 items and often spent more time posting items on eBay and atthe post offi ce than I did at school. I created expense sheets to track my shipping materialspurchases and even kept detailed demographic research on which states I was shipping to mostoften to better inform my decisions. For example, I used it to find out what time I should endmy auctions because, for example, if California was spending the most money it made senseto end my auctions not at primetime, 8pm, on the East Coast but rather 8pm primetime onthe West Coast. Since my research showed California was in fact my most frequent shippingdestination I created, West Coast Savings promotions which allowed me to not only sell moreitems but combine shipping and save costs. My research and attention to detail allowed meto be extremely successful and by the time I closed my business in September 2008 I had overfifty clients, became an eBay PowerSeller, had a perfect 100% feedback rating and generated a

revenue of over $17,000.


By Evan Gross

E is for

Entrepreneur


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Although I could no longer operate my eBay business while at college I still had the entrepreneurialspirit within me. When I returned from a semester abroad in London, England in the winterof 2010, I wanted to get involved in a new way. Since I had formally declared my major asBusiness Administration I wanted to do something business-related and something that wouldhave an effect on my life after college. I decided that with the real estate market accounting forthe worst recession in memory the only way to become a well-rounded future business leader

was to understand the real estate world. Terefore, in addition to my responsibilities as a full-time college student taking 18 credits of class, I studied and soon became a licensed real estateagent in the Commonwealth of Massachusetts. I devote myself to finding the best possible rentalapartments for students in and around Boston at the lowest possible cost. With the real estatemarket being a buyers market, I never shy away from negotiating on behalf of my clients. As aresult of this commitment, I have become known as an agent who cares about his clients and Iam constantly flooded with referrals. Working in a commission-based environment allows meto create my own hours with my own rules, which in turn has allowed me to achieve success in

an industry mostly occupied by seasoned professionals.

In addition to my work in real estate and responsibilities as a student, I still have the time todo what all successful businessmen must do: give back to the community. I have always had astrong sense of community service. Here in Boston I am involved with Big Brother Big Sister.However, although I go to school in Boston I do not forget the community I came from. Eversince I was 13 I have umpired Little League baseball and when the director of the programresigned in February 2008, my best friend and I decided to submit our names for considerationto the Board of Directors to replace him. After submitting a formal outline of how we would

effectively run an umpiring program from a combined 350 miles away from Scarsdale, we wereoffered the position in March 2008 and still hold the position today. We have successfullyincreased the retention rate by 120% and oversee a staff of 50 umpires. Under our directionnot one Little League game has gone uncovered and last spring an article in Scarsdale Patch was

written about our work.

However, with all this on my plate I was still not completely satisfied. I wanted to get involvedin the politics of Scarsdale and last April I was appointed by the Mayor to serve on the AdvisoryCouncil of Youth Affairs. I return home one Monday a month for council meetings and am the

youngest individual to ever sit on a Scarsdale Governmental Council. I have always enjoyed newchallenges and one day would like to hold an elected offi ce. My love of business combined with adesire to make a difference has instilled the spirit of success within me and I am looking forwardto the next ten years. I have been awarded numerous awards, most recently the College of GeneralStudies Most Outstanding Capstone Paper Award, and I am also the featured undergraduatestudent in the upcoming edition of Builders and Leaders Magazine, the offi cial alumni magazineof Boston Universitys School of Management. Being successful is not only about facts andfigures but being reliable and trust worthy. As one of my professors says, the world is run bypeople that show up.


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Documents

Year 4, Edition 3