Enterprising Teens Launched Startup in Under a Week With Business Leadership Camp

Startup Stock Photos

Enterprising teens with tasked with the challenge of launching a startup in under a week with a very small budget at a Business Leadership Camp. Among the ten-member team of summer campers was her 16-year-old Kaylah Clark.

The youths developed an apparel company began to run a profit early during the five-day Free Enterprise Leadership Challenge at Palm Beach Atlantic University. Known as the One of a Kind Stylecation, they earned $86. Miami Northwestern Senior High School senior Kaylah Clark served as president of the company that transformed a humdrum t-shirt business into an enterprise that sold tie-dyed creations. The students launched their own advertising campaigns and they created a commercial, which showed campers and celebrities wearing their fabulous tie-dyed attire.

Bandanas were sold for just $3, shirts for $6, and both sold for $8 to fellow FELC participants. Patrons bought items for themselves and their family members.

Another team of students sold concessions, while another sold tickets to evening entertainment events. The transactions involved real company money, encouraging students to take on real responsibility. This summer challenge marked the fourth year where the challenge was held at Palm Beach Atlantic University, an institution that seeks to exercise and uphold principle around the enterprise. The FELC program is one developed by the non-profit organization Jesse Helms Center, and they hold a five-day program at four other universities during the summer months.

Teams were allowed to keep profits at the end of the week, though most opted to donate earnings to micro-finance website kiva.org or to a scholarship fund established in honor of Reagan Hartley, an FELC counselor who tragically died at the age of 22. Student teams also invested $1 million in a virtual stock market, and the top-performing company in the virtual competition received a $20 infusion into the company’s profits.

Additionally, students composed fictional business plans to sell a product. More than 30 high school students participated in this year’s PBA challenge, with students coming from Florida and Illinois. While students expected the program to be more lecture-based, the hands-on activities proved to be more challenging and more enriching.

Entrepreneurial Education Taught During Formative Years Promise a Successful Future, Lucrative Economy

Lemonade StandEntrepreneurship taught during a child’s formative years can inspire youth and seed the earth. An early start. with regards to entrepreneurial education, is the best way to create a diverse lot of creative, dynamic thinkers, and consequently, fruitful startups. Additionally, teaching entrepreneurship at the primary level is the best way to ensure a confident, stable economy for the nation’s future. This education can take place at school or at home.

Some have proposed the radical, ambitious, and impassioned notion of teaching entrepreneurship at the primary level, which would be a keen way to acquaint children with the concept of commerce, leadership, acumen, skill building, and collaboration at an early age. This fosters winning attitudes, innovation, and creates a globally skilled workforce. This idea is an incredible one, helping to equip young people with diverse backgrounds with everything they’ll need to one day start, grow, and properly run a success.

Educating the public about the promises of creating businesses and building enterprises has always done a great deal in the way of inspiring new campaigns and ideas, and ultimately sparking job creation. Electing to educate young people in this way, as early on as possible, can only foster success and growth. Entrepreneurship is a vital tool, and teaching fundamental aspects of it will better able young Americans to hone the pitch process for the proper delivery of ideas and concepts to impress inevitable prospective experts and investors.  

Empowering children early on will have positive, yet unforeseen global impact, affecting all industries and issues, including global warming, national infrastructure, poverty, alternative energy solutions, and investment in human capital, No matter the decided enterprise, entrepreneurs can create businesses that generate consumer demand and products, engaging with users via new technology and ‘on the ground’ resources.

Teaching children these important skills will bolster confidence and increase the likelihood of long-term success. This can be done by brainstorming business ideas with children, encouraging children to launch small projects (ex. lemonade stand, garage sale, and peddling handmade good), giving children the opportunity to lead fun activities, creating opportunities for wealth accumulation, teaching children to be respectful, educating children on the importance of learning from mistakes, motivating children to observe advertisements, asking children to identify and define their goals, offering children the opportunity to earn money for completing chores, and praising children when they’re able to adjust and problem solve when there is a distressful setback.

Young people have an incredible ability for absorption, which can be easily noted when they’re learning languages and learning to differentiate between positive and negative stimuli. Equipped with these and many other skills, you people have all the resources required to pursue business endeavors, In fact, there are a number of charming examples of children and adolescents who’ve launched their own businesses, including serial technology entrepreneur and philanthropist Mark Bao. Also, entrepreneurs Farrhad Acidwalla, Adam Horwitz, Leanna Archer, Robert Nay, Moziah Bridges, Nick D’Aloisio, and Anshul Samar.

These are examples of children who recognize the value of team building, leadership, marketing, independence, and responsibility.  They’ve been educated in the ways of goal actualization, opportunity recognition,  financial literacy, creative inspiration, resilience, communication, consumerism, and philanthropy.  While teaching these young people about business acumen, investments, and financial growth, it’s also paramount that young people are educated on the value of philanthropy on the personal and corporate level. Developing a willingness and urge to help others benefits the giver and the receiver. For the giver, they learn the importance of remaining humble while reaping the benefits of the intrinsic gains of giving to a charity or important cause.

The cliche is true, children are the future and they wield the incredible ability to create lives that are motivated by confidence, social intelligence, and financial comprehension. Functional skills can be gained immediately when teaching entrepreneurship and holding a financial conversation. You can help your child open a checking account, assist your child in setting financial goals, discuss funding higher education, and encourage your child to take on a part-time job, if appropriate.

Teach children to be action-oriented, to access resilience, to have conviction, and to pursue opportunities where they’ll be able to engage with businesses within their community to observe how functioning business are run. Entrepreneurship can be taught like any other course in school, but what’s most important is that aspects of it are perpetually reinforced, leading to the business development and the creation of jobs.

Eddie Dovner is an entrepreneur, inventor, and CEO who is based in West Palm Beach, Florida. Learn more about Eddie Dovner by visiting his pages on LinkedIn, Twitter, and SlideShare. Also, please learn more by visiting EdwardDovner.org and EddieDovner.com.

Compassion In Leadership Is More Important Than You Think, Part II

Handshake_(Workshop_Cologne_'06)Read the first part to “Compassion In Leadership Is More Important Than You Think” by clicking here. 

Steve Jobs isn’t the only celebrated visionary who’s been accused of being a tyrant. A new survey reveals that self-oriented bosses are more prevalent than they ever have been. Lynn Taylor, the author of Tame Your Terrible Office Tyrant, conducted a survey in which she commissioned 1,002 adults. The survey found that 86% of Americans felt that bad boss behaviors go unnoticed all too often, and it affects far too many people.

There was also a five-year national study that was very telling with regard to harsh boss behavior. The study compared childish traits in bosses between 2004 and 2009. These traits included being self-oriented, stubborn, overly demanding, and impulsive, as well as having habits like interrupting and throwing tantrums. The result? The “self-oriented” trait increased by 50% to the top spot in those five years. Also, 7 out of 10 Americans said that “bosses and toddlers with too much power act alike.”

Aside from causing emotional unrest, abusive bosses are bad for the physical health of employees, also. A study in the Journal of Occupational and Environmental Medicine researched over 3,100 men over a 10-year period in typical work settings. The result showed that employees with bosses who were inconsiderate, secretive, incompetent, and uncommunicative were 60 percent more likely to suffer heart attacks or other life-threatening conditions. This was just one of any studies showing that bosses who have bad qualities affect the physical health of their employees.

If you are a leader, remember to show compassion to your employees. It may seem that being tough as nails are how to get ahead, but it’s just as important to foster a positive work environment. It is important to do this for the health of your employees and for the benefit of your company. It is easy to crack under pressure, but if leaders have empathy for their employees instead of throwing tantrums, they are much likely to reduce this stress in the future.

Eddie Dovner is an entrepreneur, inventor, and CEO who is based in West Palm Beach, Florida. Learn more about Eddie Dovner by visiting his pages on LinkedIn, Twitter, and SlideShare. Also, please learn more by visiting EdwardDovner.org and EddieDovner.com.

Compassion In Leadership Is More Important Than You Think, Part I

640px-Shake_handThose who are in business school or any kind of leadership program will likely learn to lead with their minds. It is a constant belief and teaching that leaders should be rational, tough, and strategic. While it is, of course, important to be diplomatic and use your mind, it is also important to use your heart. There isn’t nearly enough emphasis placed upon the idea of leading with your heart. However, research shows that to be a successful leader, one also needs to show empathy and compassion.

It is easy to think that a coercive style of leading will work. After all, it does often garner results  in the short-term. But it can mean something very negative long-term for your company. Leading this way creates a dissonance between a leader and his or her employees. This leads to a number of toxic emotions in the workplace, such as anxiety, fear, and anger.

It is common to see people in the workplace cracking under pressure and due to the authoritarian style of leadership. These types of leaders also tend to see their job as a competition or a form of warfare. As a result, these people also talk badly about one another. This is evident in politics as well, as we see many politicians criticizing one another and assassinating each other’s characters.

Ray Williams of Psychology Today recently spoke about how nice people actually can succeed. So many people think that the way to command respect is to be brutally harsh, but the reality is that kindness does pay off. Some people say “I don’t like him, but I respect him,” but this expression does not have much truth in relation to long-term success. Steve Jobs, for example, is celebrated by many as a visionary. But it has been stated that he was also a tyrant at times. He often went into fits of rage and took credit for other people’s ideas. He was a brilliant man, but he wasn’t always a very nice one.

Read the second part to “Compassion In Leadership Is More Important Than You Think” by clicking here. 

Eddie Dovner is an entrepreneur, inventor, and CEO who is based in West Palm Beach, Florida. Learn more about Eddie Dovner by visiting his pages on LinkedIn, Twitter, and SlideShare. Also, please learn more by visiting EdwardDovner.org and EddieDovner.com.