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President Obama Welcomes Young Entrepreneurs to the Oval Office
The winners of a Network for Teaching Entrepreneurship business plan competition met with the president to discuss innovation.
Posted 10/ 12 10 at 5:00 PM | News, Leadership, Starting a Business, Inventions & Innovations
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Five teenage entrepreneurs met with President Obama at the White House on Tuesday -- an experience that likely wasn't in their business plans. The commander in chief welcomed the winners of the Network for Teaching Entrepreneurship's National Youth Entrepreneurship Challenge to the Oval Office, to offer his congratulations and to discuss the future of innovation.The national business plan competition, which is part of a NFTE entrepreneurial studies program, received some 24,000 submissions. Participants in the program receive hands-on training in developing a business and apply math, reading, writing, and critical thinking skills to their business plans.
The winning businesses included Mamma Nia's Vegan Bakery; Beta Bytes, a computer-services company; Sweet Tooth Bites, a cake-ball company, and TattooID, a temporary tattoo concept. The founders of these businesses are 18 or younger.
"When young people learn to see opportunity amid obstacles, by applying entrepreneurial skills to real-world scenarios, they are armed with resilient tools that will increase their success in college and beyond," NFTE president and CEO Amy Rosen said in a statement.
Founded in 1987, NFTE is a nonprofit that seeks to inspire young people from low-income communities to pursue educational opportunities, start their own businesses and pave a path to success.
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Comments (Page 1 of 1)
sounds great! give a chance to youngs, good news. www.brideofthesea.com
ENTREPRENEURIAL SOLUTION: Deport all illegals over the next 2 years (Americans want their jobs), Fine all businesses that hire Illegals (stop outsourcing jobs that Jane or Joe America wants), End Affirmative-Action (focus on character instead), Cut welfare programs and EBT cards by 80 percent over the next 15 years, Eliminate the use of race distinctions and cute terms like - minority (focus on Character instead), Fire 35 percent of government employees over the next 15 years (keep government small), Pull out all troops today (we should not be the world nanny/nuke those that attack us), Call out all “Rich” Democrats who keep their wealth and spread your wealth, and Enhance a free marketplace by relaxing Labor Laws which drive many businesses out of business. The above measures will increase personal responsibility, decrease the national debt, and eliminate welfare junkies, and restore the real roots of our Country. How’s this for Change - Stop all the spending, be modest, and do not be immoral by passing a 12 trillion dollar bill to our kids and grandkids.
Mr8pak.....I like your ideas. Entrepreneurs not only work hard (80 to 90 hours a week) to survive and succeed they have to fight government on the way to success. I have failed in 5 business, lost 2 wives and a home each time I failed. The government never helped once. It was 25 years before I found success.
Totally agree- this is all just showmanship. I employ 5 people, had our credit cut thanks to the banksters, kept going for past two years on a cash basis, including all travel. Neither banks nor government care a lick about entrepreneurs or SMALL business- not 500+ employees, that is NOT small business. Hang in there, we'll have the last laugh, or perhaps our kids will
It's always an honor to meet the President of The United States and this is a very special occassion for the young people. Congratulations to them. Now, on to reality. As soon as their resp. businesses reach a certain level, they will be taxed at a very high rate and will be forced to buy very expensive health insurance for their employes. Then if they continue to strive, they will be approached by a "Union" for organizing "against" their wishes for their company. They will be picketed, there names will be dragged the trash, they will be defamed, threatened, coerced, possibly "burned out." If they concede to union regulations supported by the government, they will then be welcomed to the elitists group that supports the President. I don't really see an upside to this.
No business experience--only ideas---no reality.....a problem. Enough said.
The President should have taken the opportunity to apologize to these young people for the trillions of dollars of debt he is loading on their generation due to his massive deficit spending. Obama spent 1.3 TRILLION dollars more than the were collected in taxes during BOTH of his first two years. HThe next few generations will pay dearly because these radical leftists in suits from the Woodstock generation managed to gain power and control Congress.
Well I understand that the conditions aren't favorable for small businesses at this time, but to start at 17 years old is giving me the "business experience" that you are saying we lack. And yes, this started out as an idea for TattooID, but it has become reality in the past year. (www.thetattooid.com) And while you all criticize Obama, why is it that we cannot have a round of applause for the young entrepreneurs. We are all in the same game, and we all experience the same struggle. I rather embrace the spirit of the entrepreneur than complain about government all the time.