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Young entrepreneurs ready for business

The Young Entrepreneurs Academy held its first-ever investor panel event at Northwestern Connecticut Community College on Thursday, March 20, at Greenwoods Hall.The academy is a national program where middle and high school students learn about the process of starting a business.The nine-month program teaches students how to create a business plan, pitch to an investor panel, obtain funding and to launch the business venture.Locally, the program was brought to the area by The Northwest Connecticut Chamber of Commerce, NCCC and the Northwest Connecticut Chamber Foundation.Since October, 10 students from the Northwest Corner, including students from The Gilbert School, Torrington High School, Oliver Wolcott Technical School and Wamogo Regional High School, were part of the program.“I am very impressed by these students,” Chamber President JoAnn Ryan said at the event. “I think they all have what it takes to make it in the business world. I first became interested in this program several years ago when I attended a conference. I thought it would be a wonderful thing to do for area students. For young people, we shouldn’t wait until high school to teach them these skills. It’s wonderful that we have so many businesses involved in this program.”The investor panel included representatives from several local businesses, including The Roberts Tax Group, Weigold Real Estate, Women’s Enterprise Initiative and Alcoa Howmet.The panel of investors listened as each student presented their business plan and asked for funding to start each business.The projects were not imaginary or for play as each project was fully developed for the real world and the winner of the event would have the financial backing from the panel to start their own business.Businesses ventures varied from beef jerky, to jewelry, a medical education group and a veteran’s charity organization.“This program teaches the students skills that they will never get anywhere else,” academy instructor and Roberts Tax Group founder Kristin Roberts said. “They have developed business plans and ideas to incredible levels and developed confidence as well. I wish some of my own clients were as good as these kids.”One of the local students who participated in the program was Gilbert School student Julie Vincent.Julie, 16, developed a business plan for a charity called Score For More.She said the charity would hold sports events throughout the year that will raise funds for local veterans organizations.“I honestly loved this experience of this academy,” Julie said. “I have learned how to not give up and never stop believing.”By the end of the event, in a very surprising move, the investors decided to back and invest in all of the projects.“We couldn’t believe it,” Ryan said after the event.

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