Submitted by, Sophia Bera CFP® - Committee Member
This year, I had the opportunity to be a business plan judge for high school students who attended MN Business Venture at St. John’s University. The students were broken into “companies” which were lead by “CEOs.” Each CEO was a student leader who had gone through the camp program the previous year. These students had to come up with a fictional product and create a business plan to present to a panel of judges. I was on a panel with four other financial professionals and we got to decide whether or not we would approve the loan they’d requested.
I was incredibly impressed by all four presentations that were given. My favorite product was a solar powered backpack that charged your phone while you hiked! (Why hasn’t this been invented yet?!?!) The students had worked hard naming the company, creating a marketing plan, forming financial statements, and researching their competition. If you have a high school student, I highly recommend that they sign up for MN Business Venture next year and spend a week at biz camp! If you think that this sounds like an amazing way to spend the afternoon, consider volunteering for one of BestPrep’s many financial programs.
If you would like to learn more about BestPrep or the Chapter’s volunteer efforts, check out the following link!