Entrepreneurship 101 A Summer Camp for Inner-City Teens Works to Translate Street Smarts into Business Know-How

By Keith Henderson, writer of The Christian Science Monitor | The Christian Science Monitor, August 1, 1994 | Go to article overview

Entrepreneurship 101 A Summer Camp for Inner-City Teens Works to Translate Street Smarts into Business Know-How


Keith Henderson, writer of The Christian Science Monitor, The Christian Science Monitor


JUST outside the classroom, Frank Kennedy tells a group of his students they'll be negotiating the sale of a slide projector they bought for $250. Their job is to work one-on-one to close a deal with the six other class members still back at their desks, the buyers.

"What happens if you sell below $250?" Mr. Kennedy asks. The kids nod. They know it means their business careers would be short-lived.

After five minutes of haggling, however, everyone manages to turn at least a small profit on the projector. Most important, these kids - black, white, Hispanic, Asian, all from inner-city neighborhoods in and around Boston - have learned a bit more about what it takes to run a small business.

Their classroom sessions at Babson College in Wellesley, Mass., a school known for an emphasis on entrepreneurial studies, is part of a summer project called the "Junior Entrepreneurs Initiative." The initiative teams Babson with the National Foundation for Teaching Entrepreneurship (NFTE), a nonprofit organization that teaches business skills to urban youngsters.

Seminars drilling in entrepreneurial basics - "buy low, sell high, and keep good records" - are only one part of the two-week camp. Students will take field trips to Boston's City Hall to get a permit for a business, visit a bank office for financial advice, negotiate with wholesalers, and run a sales booth at the city's Downtown Crossing commercial area.

When two weeks are up, they should have completed a detailed plan for starting their own businesses.

All this is exactly what Chrissie Correia, a high school student from Brockton, a mid-sized city south of Boston, has been looking for. "Business has always been something that fascinated me," she says. Her hope is to open a cosmetics shop that will cater to the Hispanic and Cape Verdean girls in her community, who often can't find the right products for their skin tones.

Chrissie heard about the Babson-NFTE summer camp through a local organization for youth with disabilities. She has used a wheelchair since a childhood gunshot accident. "I hope NFTE expands," she says. "I know a lot of kids making money the wrong way - selling drugs, for instance - who could really benefit from this."

Another student, Edwin Tavares, says the kind of training he's getting at Babson this summer has a relevance he has rarely found in regular school. "School is not a major interest yet," says Edwin, understating the fact that lately he's been putting much more time into his side job as a paralegal than into schoolwork. He could get better grades if he cared to, he says. But he's extremely interesting in making money and learning business skills.

Edwin saw a notice about the entrepreneurial summer camp "on the very bottom" of his Boston high school's bulletin board and decided to apply, though the deadline had nearly expired. He sat down that evening and "cranked out" the required essay - knowing, he says, it would have to be "something really sweet."

Students like Edwin and Chrissie are a good deal more motivated - and less involved in destructive behavior - than many of the kids targeted by NFTE. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Entrepreneurship 101 A Summer Camp for Inner-City Teens Works to Translate Street Smarts into Business Know-How
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.