The People's Money (2024-2025)

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Phase 1 of 4

Idea Generation 10/10/2024 - 11/22/2024

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Youth Entrepreneurship and Business Start-Up Mentorship Program

M_AS

22/10/2024 12:49

Do you have specific Neighborhood(s) in mind?: City Council District 29 (Rego Park, Forest Hills, Kew Gardens, Richmond Hill, South Richmond Hill, Ozone Park (North), South Ozone Park)
Which group(s) does your idea focus on? Select as many as apply.: Youth

Justice Impacted People

Immigrants/ Migrants

Low Income People

Black, Indigenous and/or People of Color
Describe the challenge you want to address:: The Youth Entrepreneurship and Business Start-Up Mentorship Program would be a community-driven initiative to address the challenge of limited exposure to practical entrepreneurship education for high school students in District 29. Many students aspire to start their own businesses but need the proper resources, knowledge, and mentorship to realize their ideas. Traditional education often focuses on theory, leaving students needing essential business planning, financial management, and marketing skills. Additionally, underrepresented minorities and lower-income students face additional barriers, which can discourage them from pursuing entrepreneurial paths. By providing mentorship from local entrepreneurs and hands-on workshops, this program could equip students with the confidence and skills needed to pursue their entrepreneurial aspirations.
What is the solution to the challenge?: The Youth Entrepreneurship and Business Start-Up Mentorship Program would address the challenges of limited entrepreneurship education and mentorship for high school students in District 29 by providing a comprehensive support system. The program would pair students with local entrepreneurs who will serve as mentors, offering personalized guidance and real-world insights. This benefits the students and provides a platform for local entrepreneurs to give back to the community and hone their leadership skills. A series of hands-on workshops will cover critical topics such as business planning, marketing strategies, and financial literacy, equipping students with essential skills for success. To maximize real-life exposure, the program would culminate in a pitch competition where students can present their business ideas to local business leaders, gaining valuable feedback and the chance to win seed funding for their ventures. Additionally, networking events will foster connections between students and professionals, significantly expanding their opportunities for collaboration and growth. The program, emphasizing inclusivity, would ensure participation from underrepresented groups, including racial and/or ethnic minorities and students from lower-income backgrounds. By empowering diverse young entrepreneurs, this initiative would significantly stimulate economic growth and resilience within the District 29 community. This program aims to cultivate the next generation of business leaders, contributing to the region’s economic vitality and innovation.
Please provide your Zip Code: 11375