Social Entrepreneur - Business Creator

Issued by CEOs of Tomorrow

CEOs of Tomorrow Incubator participants launch their own business and simultaneously address a community problem they are passionate about. Teens innovate, create and problem solve as they develop, launch, and test their business idea. They learn from local entrepreneurs, design and create a brand for their business, explore packaging and shipping options, promote business on social media, and pitch innovative ideas to a panel of experts. They interact with customers, earn money, and give back.

Additional Details

Skills

Earning Criteria

On Saturdays for 10 Weeks
Pitch business idea for social good to a live audience
Launch a business for social good
Open an online store and sell new products
Use business to solve an important problem in the community
Prepare appropriate promotional activities for a business
Understand and apply 7 of the 9 components of a Business Model Canvas including customer segments, channels, customer relationships, value proposition, key activities, revenue streams, and cost structures to one’s own product or service
Understand Minimum Viable Product (MVP) and apply it to starting a business
Compute the difference between total revenue, total expenses and earned profit
Define entrepreneurship and social entrepreneurship
Analyze the characteristics and skills of a successful entrepreneur
Compare and contrast one’s personal characteristics and skills with those of an entrepreneur
Evaluate the risks and benefits of choosing to become an entrepreneur
Identify and explore social and environmental concerns
Recognize how one can make a difference in their community by addressing a social or environmental issue within one’s own business