“Practice makes perfect.” “We learn from failure.” “Try, try again.”
We have all heard these clichés but we also know there is truth to them. We learn from our experiences, yet we don’t often get to practice at life and business. Junior Achievement (JA) programs strive to instill confidence in kids by having them practice the business of life through activities focused on financial literacy, entrepreneurship, and work readiness skills. The JA Company Program hits all three of those categories, and, by allowing high school students the opportunity to build their own business, the JA Company Program provides the ultimate “practice ground” for launching a start-up.
While normally run during the school year, this summer JA of Central Ohio is partnering with The Past Foundation to hold a summer camp implementing the JA Company Program on Tuesday and Thursday mornings beginning June 6th. The ideas, products, companies, and revenue created in this program are all real but the students have mentors on-hand to guide them through market research, business structure, management and leadership, marketing, sales, supply chain management, and finance. This is where students from The Ohio State University have stepped in to help.
With entrepreneurship growing in central Ohio the past several years, Ohio State has begun several programs and classes surrounding entrepreneurship and innovation which is producing business savvy students. Cole Morris is one of these students who will be a mentor during JA’s summer program.
“As a peer mentor, I’m able to share advice and resources directly with the kids that are more actionable; instead of giving the “big picture” answer and telling the students the overall summary of their journey, I can help them navigate each stepping stone with advice tailored to their strengths, weaknesses, and limitations as young adults,” said Morris.
While pursuing finance and data analytics at Ohio State, Morris has also been through the fundamental development phases of starting a business at least three times – providing him the opportunity to interact with small business owners, venture capitalists, accelerators, and more within the Columbus entrepreneurial community. He is looking forward to sharing this knowledge with the summer camp students to help them progress to the next step with their company.
Ibrahim Mohmed is another Ohio State student who will serve as a mentor during the summer camp. Through his personal business (IFAA), Mohmed has already been involved with the The Wellington School JA Company Program*, but is excited to work with more high school kids this summer to help them and their ideas grow.
“Starting and learning how to operate a company is one of the hardest things to do, but it is so beneficial. It will push these kids out of their comfort zones, teach them to be independent, and to learn from their mistakes,” said Mohmed.
If you have a high school student, definitely consider registering them for this summer’s JA Company Program camp, because remember:
“Practice makes perfect.” “We learn from failure.” “Try, try again.
Pictures from when the Russian students visited The Wellington School
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*The Wellington School students, in partnership with JA of Central Ohio and the Columbus International Program, are starting a business with peers from Siberia. In January, the Russian students visited the US and in March the US students visited Russia to continue development of their company. Abe Mohmed and his team at IFAA are helping to create an app for the team and plan to have the beta out at the end of May 2017.