Today a colleague and I critiqued a business plan presented by high schoolers at the Academy of Finance and Enterprise (AOFE) in Long Island City, New York. They presented like pros a full blown plan; complete with mission statement, marketing plans, a SWOT analysis, a complete set of financials and lots lots more. The amount of effort and teamwork to put this together was extraordinary.
We were impressed!
So before I go on I want to give a shout out to the Assurance Services for Advanced Progress (ASAP) team who just took 2nd place in the Queens competition and is moving on to the NY City Business Plan Competition in January.
Here’s how it works……
AOFE’s joined Virtual Enterprises International (VEI) which hosts a global virtual business network where high schoolers from over 5,000 schools around the globe (500 in the U.S.) learn and compete. The network teaches students about business, entrepreneurship, finance, economics and technology. Guided by a teacher/facilitator and business mentors, students create and manage a virtual company, conducting business with other virtual firms nationally and internationally.
The U.S. Department of Education, National Center for Education Statistics. (2011). Digest of Education Statistics, 2010 (NCES 2011-015), indicates that there are over 24,000 high schools in the Unites States. That means that only 2% of U.S. high schools presently participate with Virtual Enterprises.
If you’d like your child to have this opportunity call your school board and advocate for it.