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We have 34 guests online| Youth Business Plan Competition |
| Thursday, 21 February 2008 | |
 High School Students Attended Competition The solo team of seven from Kauai won the grand prize of $300. Their idea was a snack bar for their schools’ campus. Alex Hamblin, a senior in IBM from Wisconsin, was the mentor for the team. He said, “They were well prepared. I just taught them what I learned in the (business) core and they internalized it…. It was great to see education and learning in action.”Each team was given a mentor to help them brainstorm and answer questions. “SIFE mentors were a big help to the students’ success,” said Tommy Jordan, a junior in accounting from California.  Students formulated and presented a Business Plan SIFE members were able to offer some help and give suggestions from what they have learned in some of the business classes they have taken. Each team was given instructions on idea conception, product development and marketing strategy from great entrepreneurs and instructors. Patrick Youngblood was the keynote speaker of the meeting. He shared some of his experiences as an entrepreneur and offered good advice to the young aspiring students. Tommy Jordan, Al Doan (the president of SIFE) and Steve Gibson (from the School of Business) also spoke on varying business subjects that would be helpful for the students. Some of the other business plans that were presented were a local massage therapy place and a web site where people could order gifts to be delivered to students away at college or other places. There was also a plan for a local tourist company that would teach tourists the local dialect and how to pronounce the somewhat foreign sounds of the Hawaiian language. Their teachers, who helped the students prepare to present their plans accompanied the high school students.  SIFE Mentors helped students visualize and answer questions Best Buy, a national retailer, was one of the sponsors of the event and provided door prizes. “Almost all got to leave with some sort of prize,” said Jordan, According to Amy Nichols, a senior in ICS from Virginia, the teams went through four different workshops before arriving at the competition. Nichols, the project leader, contacted several schools here in Hawaii and invited several to come participate. “We had a lot of schools lined up to come but some dropped out. It still was a good turn out for the first time,” she said. Rodrigo Avalos, a junior in HTM from Mexico, said, “My duties were to help them answer questions, focus on one topic and help them present.” He said the most fulfilling part of it all was “to see them prepare and present. Some were so excited.” SIFE plans on continuing to host future business plan competitions for high school age students all over the state.
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