October 2008 Issue
October 2008 Issue
October 2008 Issue
50 US
C 9 A ; B L ; O < E K D : 7J ? E D
Entrepreneurial Scholarship
If you’re a high school student who is running a business,
you could be eligible for a $40,000 college scholarship from the
McKelvey Foundation. Winners of the Entrepreneurial Scholarship
will enjoy being part of a larger networking community and will
be given the opportunity to meet with other scholars and
business professionals during our summer e-Venture program.
To Learn More:
Email: [email protected]
Phone: 877-McKelvey (625-3583)
Visit: www.mckelveyfoundation.org
B R O U G H T T O Y O U B Y:
IN CONJUNCTION WITH:
55
ho
h
www.FutureCEOStars.com
or write to [email protected]
with subject line “3 + 1 offer”
You Think Being a
nsseed from IStockphoto.com
Student is tough,
TRY TEACHING!
iccen
icen
Imagess llic
summer months, with no commitments their best foot forward, i.e. the Student I am also busy with my own business,
to teaching summer school. The reality of the Day gets a $5.00 McDonald’s Arch Break Bread Marketing and Media. Being
is that teaching is very hard work and Card. But what’s most important is that involved with this helps me stay relevant
extremely time consuming. Some say I each class is considered a family and I am to young people and makes teaching
make it look way too easy. My name is the big uncle; like me or not, we’re family much easier.
Scott L. Steward, and I am the 2008 IIEE and we’re sticking together. This type of
Teacher-Preneur of the year. atmosphere gives us the space to develop (www.webreakbread.blogspot.com)
trust and honesty with each other which
If someone would have told me 20 years is very important when it comes time to
ago that I would one day be teaching share business ideas and present business
for Chicago Public Schools, I would plans before the class. While I operate
have scoffed at the idea. There was no my class traditionally with lesson plans, The Illinois Institute for Entre-
way I was ever going to walk the halls homework, tests and quizzes, my class preneurship Education (IIEE)
of CPS, and definitely not as a teacher. is much different than any other class invites young entrepreneurs and
But as fate would have it, that’s exactly because students make daily connections their instructors to register for
what I do. Today I am honored to teach between entrepreneurial skills and their the 3rd Annual IIEE Young Entre-
entrepreneurship classes at Gwendolyn daily lives. preneurs Conference to be held in
Brooks College Preparatory Academy May of 2009 in the Chicagoland area.
on Chicago’s far South Side. I have the I recently learned that my class has the Students from around the country
privilege of encouraging young people to longest waiting list of all classes offered participate in: Business Work-
pursue their dreams, or at the very least, at Gwendolyn Brooks. I attribute this shops, Business Plan Competitions,
create passionate dreams for themselves. anticipation to a slowing economy and The Young Entrepreneur Expo,
Contrary to popular belief, every day is young people’s desire to be self-sufficient. The “E” College Tour, Networking
not a walk in the park, even at a selective I am thrilled to see so many new business with adult and young entrepreneurs,
enrollment school. My classes are 90 ideas such as sports management presentations from nationally known
minutes each, so I am challenged with companies, women’s body products, Keynote Speakers and more! For
keeping the attention of young people hand-made organic lotions, mobile piano more information go to www.iiee.
while competing against their peers, lessons, online magazines, green home org or call IIEE at (312)587-9296.
fashion, the Internet, cell phones, iPods, renovation companies, party planners,
and their own agendas in life. These computer tech services, web developers
challenges force me to be very creative and and on, and on.
innovative in my approach to delivering
lessons of entrepreneurship. Most of us teachers long for the day
when a student is appreciative for our
Thanks to support from IIEE, the NFTE efforts and it is very exciting for me to
curriculum, and strategic partners like have the opportunity to be considered
the Chicagoland Entrepreneurial Center an inspiration to a young person, and to
(CEC), I am able to facilitate a class that have that young person feel compelled to
is informative, creative and fun. In my nominate me for such a prestigious award;
class, students can engage with each other and for that, I am forever grateful.
and display their entrepreneurial intellect;
and its uber-cool. Students play with Finally I want to say, thank you Ariel
duct tape to create new products which Buckingham, for allowing me to make a
helps them better understand product positive difference in your life; and thank
innovation. In some classes, students build you IIEE for giving me the necessary
Future CEO Stars October 2008
7
Images licensed from IStockphoto.com
Jessica C. made the Pocket Mitts that can carry small things
right on your hands. She said the most unique things about
her project is that it is something that can be worn while she
is skating, it’s easy to find them, and the pocket is removable
so it can be used on days when she doesn’t skate. She plans
to keep the original one, patent it, and mass produce more
like the original.
Alyssa K.’s cats can be entertained
Shelby B. of Makoti, ND, made the Cow-Zee Cart Cattle
even when she’s not home.
Feeder, a triangular cart to transport feed to her dad’s cattle.
She said it helps her dad out a lot and now she doesn’t have
to carry pails of feed to the cattle. She plans to make use of
the invention herself.
25, 2008 at Wilkes Community to receive a “$10,000 loan.” The kids enjoyed a fun and exciting
College. Twenty three kids enjoyed They spent from 8:30 am – 3:30 week while learning entrepreneurial
a lively and interactive week that pm each day learning business and financial literacy skills. One
gave them hands-on experience and marketing skills through a student commented, “I liked all of
with being an entrepreneur. variety of activities, including the the activities and group projects.
development of their own business Making our own business was lots
The Youth Entrepreneurship plan and television commercial for of fun.” Another camper stated “I
Camp was sponsored by NC REAL their business. Throughout the like the experiments and projects,
(Rural Entrepreneurship through week, campers enjoyed advanced and not having to just sit here.”
Action Learning) Enterprises, materials activities and guest Camper evaluations revealed that
the Golden LEAF Foundation, speakers from Wilkes Community all participants improved their
the Northwest North Carolina College, the Society of the Plastics knowledge of entrepreneurship,
Advanced Materials Cluster and Industry and Martin Marietta business and leadership skills.
Wilkes Community College. Composites. Every camper stated they would
The Youth Entrepreneurship On the last day of camp, the kids like to attend camp again next year
Camp focused on building future presented their business plans and and would be interested in taking
leaders as well as preparing youth commercials to a panel of judges future entrepreneurship classes in
for future careers. Using the Rural from the community. After high school or college.
Entrepreneurship through Action the business plan presentations,
Learning (REAL) Curriculum, awards were presented to each We would like to express our
which uses “hands-on” activities group. The kids were very creative appreciation to the sponsors
to build entrepreneurial skills, with their business ideas. The who helped make the Youth
the camp provided youth with Best Enterprise award went to Entrepreneurship Camp possible.
an exciting way to learn about “International Meal Wheel,” which One of the goals for the camp
staring their own businesses. All created a restaurant that provides was to present entrepreneurship
of the campers reported a great a variety of international cuisine. as a career option to youth in our
increase in their knowledge about Most Creative Presentation was community. There is a wealth of
entrepreneurship following the awarded to a business called opportunity for small business in
camp. “Danng! That’s Hot!”. “Daisy’s Wilkes County. After a week with
The participants were divided Flower Shop” worked hard to these youth, the future of Wilkes
into groups and asked to create earn the Best Marketing Plan County is in great hands. Thanks
a feasible business plan. To get award. The Most Feasible award for a wonderful week!
FFuture
Fu
utu
turree C
CEO
EO SStars
EO ttaars
arrss O
October
cctto
ob
beerr 220
2008
00088
11
1111
5 STARS!!! By Merritt Lackey
12
1122 Future CEO Stars October 2008
e s s !
o f S ucc
Ta s t e
The
m
oto.co
o ckph
S t
omI
e d fr
licens
ges
Im
a
By Lucille Bélair Lucie Langevin and Lucille Bélair
GoVenture Activity
and more!
1 2 3
Do
D you want to give
a
acknowledgement or thanks
to those that have helped
y along the way?
you
In This Issue
YOU
C
Could other students gain from
l
learning about your
s
successes or warnings
about your mistakes?
With the exception of cleaning up some grammar, spelling, and instruction sheet to give you some suggestions on how to put
other technical stuff your English teacher wanted you to pay your story together. Just write us (at the address below) and
attention to, we’ll leave your message the way you send it to us. we’ll be glad to send it to you.
It is, after all, your message and this is your magazine.
What have you got to lose? Here is a free chance (there is
All we really need is one page (typed) with a picture or two absolutely no charge for students to submit their story) to get
(1500kb jpeg files or larger are best) about what you want to no cost advertising for your product, web page or service.
say. Of course, the articles and pictures you send become the Opportunities like this don’t happen often.
property of the magazine and will not be returned. Also, they
may be used for other promotional purposes by the magazine This is your magazine. It’s reaching thousands of classrooms
and its parent company, The Consortium for Entrepreneurship each month. This is your chance to help yourself and help oth-
Education. ers in the process.
If we use your story, we will get your final approval of all edits Change has to begin somewhere and often the best way to
before we print it. To make it easy we even have a writing pay something back is to pay it forward!
Sincerely,
Mike Ashmore
Editor, Future CEO Stars Magazine
[email protected]
Introduction: This lesson will help you consider one career option that many people find risky, but
appealing - becoming an entrepreneur. In this lesson you will:
2. In groups of three, read aloud an article in USA TODAY that focuses on a problem many people are
experiencing.
s While you read, highlight the specifics of the problem.
s Once you’re done reading about the problem, you’ll be finding a solution that you can sell.
s The more people who experience the problem, the more likely it will be that you can make a
profit on your solution.
3. On the graphic organizer, write the headline and a one-sentence summary of your article and fill in the
problem column.
4. Imagine that the three of you are young entrepreneurs who are interested in solving the problem the
article addresses.
s Brainstorm a product or service that would fix the problem.
s Make sure it is something that can be created and sold.
s In the second column, write one sentence that describes the new product/service and gives a
few details.
5. At the bottom of columns one and two, fill in the box that asks how your product or service will fix the
problem.
6. In the target audience column, identify whom you would sell your product/service to and why.
7. Brainstorm how you would market your new product/service. How could you advertise while staying
within your limited budget?
8. As a class, share the problems you read about and the solutions you devised.
9. On your own, think about and answer the final two questions on the graphic organizer.
10. As a class, identify all the different reading strategies you used in this lesson. How can you use them
when reading for other classes or when taking test?
that may alter the course of a business or floor to stand up for and defend their When the Student Board finishes its two
change the direction of our world. To be choices. This opportunity to function in visits to Akron- first for the Selection
a part of a national board, made up of such a setting is unusual. When students Weekend, and then for the Induction
young people, is a unique opportunity. from 14-18 years old debate the benefit of Ceremony, they are no longer strangers.
Just such a rare event occurs twice a one invention over another, one can see They have learned a great deal about
year in Akron, Ohio, when the National the development of skills which cannot functioning in a Boardroom, about
Gallery for America’s Young Inventors, be taught in a classroom. These students how to evaluate a product, and how to
Student Board of Advisors meets. are placed in a rare setting where they convey their own wishes in a professional
must work with other Board members and skillful way. During the Induction
Each year in August they convene in who come from different states, different Ceremony these Board members take
Akron, OH to handle the responsibility backgrounds, and different value systems. the roles of leadership, which they have
of selecting up to six inductees into the They will eventually, however, come to earned. They each award one inductee
National Gallery for America’s Young a consensus and choose six inductees with the first-ever “Tommy” Award,
Inventors. This two-day process is a whose inventions they feel embody the from the Thomas Edison Foundation,
demanding task, which requires skill qualities needed to become marketable and they hang a medallion around the
in science, math and technology. The products and/or change the world. inductees’ necks.
Student Board members individually
read approximately 100 applications Their responsibility does not end with These six Board members have carved
from entrants from K-12th grade, who Selection Weekend. These Board out a part of history. They have helped,
have won a national science competition, members return on October 25th, 2008 through their hard work and dedication,
have a patent or patent pending, or who for the National Gallery for America’s to archive and preserve the outstanding
are marketing their product nationwide. Young Inventors Induction Ceremony inventions and products of six more of
When evaluating the student inventions, and Benefit. This semi-formal, black- America’s finest young inventors. This
the Board members use the criteria of tie ceremony is totally emceed by the Board is the model for other schools
“Creativity”, “Usefulness and Benefit to Student Board members. With only and institutions to follow. It is the
Society”, Practicality and Feasibility”, and one rehearsal on Friday night, they preparation for future essential business
“Cost Effectiveness and Marketability”. professionally handle themselves to carry and negotiating skills.
The students read silently for two days the awards program, which is filmed with
and rate the inventions in these four a 3-camera process by Time Warner.
areas. Once they have finished the
demanding requirement of reading and Each year a new group of students comes
rating these often very technical entries, to Akron as strangers. They know that
they work as a team to select their final they have a responsibility and a task
six inductees. to perform. They learn the skills of
selecting inventions which may already
The Student Board of Advisors functions be products or have the potential for
like any group in a Boardroom situation. marketing or altering research. They
One Board member rises to the dry erase interact and debate until they have a
board to indicate the top ten rated entries. unified Board decision. To observe
Then the discussions, evaluations, and this process is awesome, and it is an
8x National Average 2
3.30
No Account Fees. No Minimums.
%
APY
1
Transfer Cash In
And Out With A Click 3
New Accounts claim based on internal E*TRADE FINANCIAL Corp. metrics for average daily gross new E*TRADE Bank and E*TRADE Securities accounts between 8/1/07–7/31/08.
Net new accounts were in excess of 200,000 over the same period.
1. Annual Percentage Yield is effective 8/13/08 and is subject to change. A $1 minimum deposit is required to open a new account. Withdrawal limits apply. Online statements
required.
2. The Annual Percentage Yield (APY) of the Complete Savings Account as of 8/13/08 is more than 8 times the national average APY for savings accounts with balances of $25,000.
Source: Informa Research Services, Inc., Calabasas, CA. www.informars.com. Although the information has been obtained from the various institutions themselves, the accuracy cannot
be guaranteed.
3. For details and important information about Quick Transfer, please visit etrade.com/quicktransferdetails for a listing of the limitations, restrictions and time deadlines associated
with this service.
The E*TRADE FINANCIAL family of companies provides financial services that include trading, investing and banking.
Banking products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. Bank deposits are FDIC-insured
Future CEO Starsto at least $100,000.
October 2008
©2008 E*TRADE FINANCIAL Corp. All rights reserved.
ENTREPRENEURSHIP
Suits Me To A TEA!
By Gabrielle Green
Believing in and assisting those who put their lives on the line to defend our freedom is The Veterans Corporation’s
purpose and should be all of America’s number one concern.
The Veterans Corporation is a federally chartered non profit organization designed to provide all Veterans with
the tools necessary to become successful in business. Their assistance includes access to capital, access to business
services, entrepreneurial education, surety bonding, prescription coverage and much more.
The Veteran’s Corporation is proud to honor Drexel Allen Shockey Membreno, a winner of The Veteran’s
Corporation Essay Contest “Honoring America’s Veteran Entrepreneurs”.
This contest allows students to recognize and honor a parent or grandparent who is both a United States Veteran
and an entrepreneur. United States students, ages 12 to 18, are to write an original essay telling us why their parent
or grandparent, who is a Veteran of the United States Armed Forces or a member of the National Guard or
Reserve, as well as an entrepreneur or business owner, should be named “Veteran Entrepreneur of the Year”.
For complete contest rules, information on last year’s winner and to download the official contest entry form,
visit www.veteranscorp.org
Future
Fu
utu
t re CEO
O SStars
t rs
ta O
October
c ob
cto er
e 20
2008
08
2277