Pittsburgh-area kids who want to start their own companies are getting an early boost from Entrepreneuring Youth
this year, The group's first business-pitching event was Saturday.
"We realized a few years ago that we needed to start earlier with kids … to help them think creatively about ideas they can pursue for a business opportunity," says Entrepreneuring Youth leader Jerry Cozewith. Today the group partners with two local charter schools (Urban Pathways and Manchester Academic) and two schools in Beaver County to guide 6th through 12th graders in underserved neighborhoods through realistic training on how to form and pitch business ideas.
This June, the group's kids will participate in the George W. Tippins Business Plan Competition, named after one of Pittsburgh's more successful businessmen. Saturday's pitch, before local businesspeople at Google headquarters in Bakery Square, was practice for the Tippins contest in June.
These same business people will be working as coaches of the kids over the next few months, teaching them how to identify markets and customers, how to set prices and other fundamentals.
Eighteen kids – half from middle schools, half from high schools – gave two-minute pitches for ideas ranging from party-planning services to bakeries. Last year's competitors pitched lines of cosmetics, a video service, clothing companies and more
Learning to make a two-minute elevator pitch "is a prized skill," Cozewith says, which can help kids learn how to talk to other adults "to get a summer job or into the college of your choice." Still, he allows, talking in front of a roomful of strangers for two minutes is "an eternity to young kids." Some of the aspiring entrepreneurs will not yet have made a single product. "They're as much selling themselves as their ideas," he says.
"The parents are proud and even amazed at what their kids can do – the way they speak, the poise they have, the confidence that have."
This weekend's six winners received gift cards as seed capital to buy materials for their businesses.
"This is just an awful lot of fun for everybody," Cozewith says.
Source: Jerry Cozewith, Entrepreneuring Youth