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Front Page » August 22, 2006 » Local News » Young entrepreneurs learn about the business world
Published 2,899 days ago

Young entrepreneurs learn about the business world


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By PATSY STODDARD
Editor


Ethan Migliori presents certificates of completion to Young Entrepreneurs Kaileen Brower and Heather Bone.

Students recently completed their entrepreneurship training at the Workforce Services. The entrepreneur camp has been part of a summer camp program sponsored by the Emery County Economic Development council. Ethan Migliori, director of the small business development office in Price and Castle Dale coordinated and taught the class.

Migliori said, "We wanted the youth to gain experience in a more formal setting with employers and people. The information you have been taught will help you in your business or as an employer.

"There is nothing worse than not having the skills to perform a job. We would like to thank Kent Wilson for helping sponsor the camp and the Southeastern Utah Applied Technology college, Division of Workforce Services and the Emery County Economic Development Council. We will give the students certificates and have them tell about their business ideas," said Migliori.

Migliori also said the youth have huge dreams which is good because dreams foster the economy. The students have been taught from the Nx-Level book which teaches about business principles. The students told a little about their ideas. Josh Bone wants to open a game store to trade and sell video games. He also wants to develop an internet site for the games to be sold and traded.

Migliori said when you develop a business you may not be skilled in all aspects of that business. If you don't know how to do the accounting part then hire a CPA. The students learned about marketing and finance. They learned how to budget. They learned that first impressions are very important as people form an opinion about whether or not they like someone in the first seven seconds after meeting them.

Nathan Brower wants to open a book store for rare and out of print books. His business will be a sole proprietorship. He also wants to include family history with the business. He knows he needs to place his business in an area where tourism exists. He also knows he will need money to develop his business so his business will start out as a hobby which will grow into a business. He will save money and watch what he spends in order to gather the money for his business.

Migliori also taught the students when they answer the phone at a business to smile first before answering, that way they will always answer in a friendly voice to make a good impression for the business.

Aaron Bone wants to develop and sell brain toys. He would use home parties to show his products and give people a chance to use the toys. He will develop stores and an internet site for the toys.

Tiffany Larsen is the business and marketing sterling scholar. This summer she has developed a preschool and learned all the aspects of that business. She has registered the children and arranged the curriculum and her mom has done the actual teaching of the preschoolers. She also attended business week and heard the speakers. A lot of what the speakers there said is what they have been learning in the entrepreneur class.

Migliori said that business principles are the same everywhere, if you apply them, then they will work.

Justin Orton Mounteer said he is getting ready to join the Army and hopes to take the business principles he has learned with him. He has been working with Percy and Janice Mounteer at the Star Theatre and Fun Center. His ideas for the business include a new roof, new seats and a high quality digital sound for the theatre. Justin has figured the estimated costs for the additions to the business. His ideas include more promotional items for the theatre and attractions to get more people using the facility. They have reduced ticket prices to $4 a ticket for everyone. They are doing their best to make a better place all the time.

Heather Bone and Kaileen Brower have already started their businesses. Kaileen makes purses and pillows and markets them at the Apple Country Crafts in Price. Pillows are $4.99 and $6.99. She also make curtains. Kaileen started with 17 purses in the business and has five left. She has discovered the one pocket purse sells the best. Most of her materials to make the projects have been donated to her, but she knows eventually she will have to purchase materials. She has learned she needs to keep better track of her finanaces.

Heather is going to market her purses with home parties where moms and girls can shop together. The guests at the party will be able to make and decorate a purse according to their personal tastes. Heather will begin advertising soon for her home parties.

Migliori presented each of the young entrepreneurs with a certificate of completion and some final words of advice. "Apply what you have learned, but don't try to remember everything. Just remember where to find things and use your books as a reference and a resource," said Migliori.

Those taking the class included: Tiffany Larsen, Kaileen Brower, Nathan Brower, Justin Orton, Mandee Allen, Heather Bone, Aaron Bone and Josh Bone.



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