YEPS – The International Youth Entrepreneurship Scholarship Competition

Community leaders and supporters gathered to congratulate participants and winners of this year’s International Youth Entrepreneurship Scholarship competition on April 27, 2013, www.futureboss.org.

 

During the closing ceremony these three winning high school students were awarded a scholarship from $250 to $1,000 and an iPad.

538033_4559071545458_1790744387_n

IMG_9257

Winners of the International Youth Entrepreneurship Competition

1

1st place Bethany Shedrick, High Tech High

8

2nd place Lauren Benites, Sweetwater High

IMG_8060

3rd place Stefanie Tellez, Otay Ranch High

More than 100 applications were submitted of which 31 student were accepted to learn and compete. The intense nature of the academic classes provided a challenge for some as only 21 participants completed the course.

As an added bonus, each student who finished the competition won more than an opportunity to experience a university campus and education in entrepreneurship.
Thanks to the support of title sponsor Wells Fargo Bank and Ernesto Arredondo, San Diego Area President of Wells Fargo, the 21 competing students were offered a personal mentorship from Arredondo along with interview training and access to job opportunities with Wells Fargo.

“This is a great opportunity that we hope many of our young entrepreneurs will take advantage of upon graduation.” says Miguel Vasquez, Chairman of the California Foundation Fund.

 

As part of Wells Fargo’s ongoing support of team members’ career development, Wells Fargo offers tuition reimbursement to eligible regular and part-time employees. This benefit includes tuition reimbursement of $5,000 for regular team members and $2,500 for part-time team members. In 2012, the tuition reimbursement program helped more than 8,000 eligible team members subsidize their education costs toward career-related classes and degrees totaling $25 million.

 

“It was a very gratifying experience serving as a judge for our future entrepreneurs and I was truly impressed by the caliber of the student’s presentations,” said Arredondo. “In an effort to help these students with their upcoming college expenses, I encourage all of them to apply for employment with Wells Fargo, as we are hiring and offer flexible schedules tailored for college students. In addition, we offer great benefits to our team members including the tuition reimbursement program.”

 

The young entrepreneurship program is part of the annual Financial Education Week coordinated by the Mexican Consul of San Diego, the Mayor’s office of National City, the Mayor’s office of Chula Vista, San Diego County Office of Education, Alliant International University and International Center for Trade Development. Additional supporters included San Diego Gas and Electric, Point Loma County Credit Union, ClearPoint Credit Counselors, Neighborhood National Bank, and Procopio.

 

“Partnering with the California Foundation Fund helps Alliant fulfill its mission of community engagement. The program prepares our next generation of leaders to build businesses and increase job opportunities in our community. They have received a great wealth of business skills and many life skills that will help them succeed in life,” says Dr. Guadalupe Corona, systemwide director at Alliant. Alliant International University hosted the three-day mini course in entrepreneurship. Five senior professors provided the knowledge students used to create and present their business plans.

 

About Alliant International University
Alliant International University is a WASC accredited private, non-profit university that emphasizes the practical application of theory and research to prepare students for professional careers in psychology and mental health, education, business and management, forensic studies and law. Created in 2001 by the merger of two legacy institutions, its combined institutional history in higher education dates back more than 100 years. Headquartered in San Diego and San Francisco, Alliant has additional campuses in Los Angeles, Irvine, Fresno, Sacramento and Mexico City with accredited programs in Hong Kong and Tokyo. For more details, visit www.Alliant.edu.

 

About the California Foundation Fund
The California Foundation Fund (CAFF), is an independent non-profit corporation whose mission is to break the cycle of poverty for the State’s low-income population. CAFF’s team of executives in educational management, behavioral science, research and financial industries develop and execute a narrow set of high impact and replicable financial education programs within culturally similar communities. CAFF provides financial educators the tools and training required to deliver personal finance and business management instruction. CAFF fosters collaboration between community based organizations and education institutions to improve and track financial literacy efforts. CAFF’s current programs in financial capacity research, youth entrepreneurship and financial literacy instructor certification were created with the support and supervision of the California Financial Site Council (CFSC). CFSC is a standards board created by CAFF to help expand and enhance financial literacy. For more details, visit www.cafoundationfund.org.
Media Contact:
Jeremiah Jimeno
Communications Director
619.800.0145

The Financial Education Week’s
International Youth Entrepreneurship Competition
at Alliant International University
in San Diego

These eager and willing students have big dreams and want to become our future leaders and successful business owners. University professors from Alliant will teach 18 hours of entrepreneurship classes covering everything from social media to accounting.
Special guest speakers such as Martha Mendez from Union Bank, Iliana Aguilar from Wells Fargo, Eddie Landeros from CDC Small Business Finance and Valery Belloso from ACCION San Diego will share their knowledge.
These ten honorary judges will select this year’s three best business plan presentations to award students a scholarship.

Gabriel Reyes | Business Advisor | Center for International Trade Development
Valery Belloso | ACCION San Diego | Business Development Officer
Maria (Socorro Velarde) Kachadoorian | City of Chula Vista | Finance Director/Treasurer
Ernesto Arredondo | Wells Fargo Bank | Regional President
Luisa McCarthy | Director | La Vista Memorial Park
Zulema Maldonado | Board Chamber of Commerce Chula Vista and Realtor
Miguel Angel Ma | Owner | the Steakhouse on Broadway
Andy Carey | Executive Director | US Mexico Border Philanthropy Partnership
Josie Calderon | CEO | JLC Consultant Services and MABPA
Juan Carlos Lopez | Owner | Rincón del Mar Restaurants

31 honor students
8 county high schools
5 university professors
1 week of :

EMPOWERMENT

2013 PARTICIPANTS

Brandon Plascencia
Alfredo Mendez
Bethany Shedrick
Stefanie Tellez
Irma Rodriguez
Aaron Vongsa
Alfredo Perez
Bernie Reyes
Christina Guerrero
David Peña
Deon Standridge
Jessica Vargas
Jesus Rocha
Jonabella Gacusan
Jose Diaz
Lauren Benites
Maira Crespo
Marissa Ramos
Martin Tejeda
Maverick Sison
Nallely Aceves
Orlando Chairez
Pedro Aleman
Roberto Ortiz
Rosina Baltazar
Shashu Mesfin
Tracy Yang
Vivian Gomez
Ytzayana Comorlinga
Alexia Robledo
Ana Elias

“These young entrepreneurs will take part of a university mini course to help them understand their strengths and fortify their dreams for making a better life.”

Miguel Vasquez, Chairman of the California Foundation Fund

Inspiring Future Leaders

Special thanks to our Title Sponsor, Wells Fargo Bank.
Any part of this article may be used freely with the condition that the California Foundation Fund be credited.

San Diego, Calif. – April 24, 2013 – The California Foundation fund at Alliant International University will host a three-day entrepreneurial training and student competition, the International Youth Entrepreneurship Program – Synthesized (YEPS), April 24nd -26th of 2013 at Alliant International University San Diego Campus.

donate

30 high school students will be selected

Open to all San Diego High School Seniors

Learn why it pays to be your own boss!

The Youth Entrepreneurship Program – Synthesized [YEPS] is a project based entrepreneurial training and student competition. YEPS is designed for high school seniors to learn how to turn their interest and hobbies into a profitable business venture.

Professors from Alliant International University teach students a variety of relevant business practices focusing on aspects such as:

  • Establishing entrepreneurial goals
  • Understanding leadership roles
  • Professional networking
  • Business plan development
  • Making public presentations

YEPS curriculum focuses on two critical components – leadership and entrepreneurship training. During the leadership development portion of the training, students must assess and evaluate their level of commitment, discipline and personal values in relation to achieving success in life and business.

As students go through the academic components, they develop a viable business idea and business plan which is presented to a panel of judges. Winning students will be awarded a scholarship, iPad tablet and are invited to participate in the YEPS business implementation phase. This phase mentors students to help them start and manage their business venture.

YEPS is a free program that helps students develop ethical business values while providing a channel to help entrepreneurs start a business.

About Alliant International University
Alliant International University is a WASC accredited private, non-profit university that emphasizes the practical application of theory and research to prepare students for professional careers in psychology and mental health, education, business and management, international affairs, forensic studies and law. Created in 2001 by the merger of two legacy institutions, its combined institutional history in higher education dates back over 100 years. Headquartered in San Diego and San Francisco, Alliant has additional campuses in Los Angeles, Irvine, Fresno, Sacramento and Mexico City with accredited programs in Hong Kong and Tokyo. For more details, visit www.Alliant.edu.

About the California Foundation Fund
The California Foundation Fund (CAFF), is an independent non-profit corporation who’s mission is to break the cycle of poverty for the State’s low-income population. CAFF’s team of executives in educational management, behavioral science, research and financial industries develop and execute a narrow set of high impact and replicable financial education programs within culturally similar communities. CAFF provides financial educators the tools and training required to deliver personal finance and business management instruction. CAFF fosters collaboration between community based organizations and education institutions to improve and track financial literacy efforts. CAFF’s current programs in financial capacity research, youth entrepreneurship and financial literacy instructor certification were created with the support and supervision of the California Financial Curriculum Council (CFCC). CFCC is a standards board created by CAFF to help expand and enhance financial literacy.

Media Contact:
Madeleine Wiener
858-635-4885
mwiener@alliant.edu
Chief Marketing Officer

20130225-183547.jpg20130225-183312.jpg

Calexico, Calif. – February 22, 2013 – The California Foundation fund at Alliant International University hosted a two-day entrepreneurial training and student competition, the Calexico Youth Entrepreneurship Program – Synthesized (YEPS) [https://www.cafoundationfund.org/YEPS], February 22nd and 23rd of 2013 at the San Diego State Imperial Valley campus.

YEPS is a unique program that targets high school seniors who are identified through an application process as promising young entrepreneurs. The program and its curriculum, created by The California Foundation Fund, is taught by senior faculty of the School of Management, [http://www.alliant.edu/asm/] focusing on two critical components – leadership and entrepreneurship training.

Students participated in the program’s academic components, developed a viable business idea and turned it into a business plan, which they presented to a panel of judges. Three winners will be awarded a scholarship. They will also be invited to continue on to the YEPS implementation phase where they will be mentored to help them launch and manage their business venture.

The program is sponsored by Wells Fargo Bank along with multiple non-profits and local volunteers. “Wells Fargo understands the central role of education in preparing individuals for success in the workplace,” said Joe Mishriki, Wells Fargo’s Desert Border Area President. “Providing high quality educational opportunities to previously underserved communities, like Calexico is part of our commitment to the region we serve, and supporting the California Foundation Fund fits nicely into this effort.”

YEPS is the result of a collaborative effort between Alliant International University [http://www.alliant.edu], Calexico High School, Wells Fargo Bank, the California Foundation Fund [https://www.cafoundationfund.org/], and California Centers for International Trade Development.

About Alliant International University
Alliant International University is a WASC accredited private, non-profit university that emphasizes the practical application of theory and research to prepare students for professional careers in psychology and mental health, education, business and management, international affairs, forensic studies and law. Created in 2001 by the merger of two legacy institutions, its combined institutional history in higher education dates back over 100 years. Headquartered in San Diego and San Francisco, Alliant has additional campuses in Los Angeles, Irvine, Fresno, Sacramento and Mexico City with accredited programs in Hong Kong and Tokyo. For more details, visit www.Alliant.edu.

About the California Foundation Fund
The California Foundation Fund (CAFF), is an independent non-profit corporation who’s mission is to break the cycle of poverty for the State’s low-income population. CAFF’s team of executives in educational management, behavioral science, research and financial industries develop and execute a narrow set of high impact and replicable financial education programs within culturally similar communities. CAFF provides financial educators the tools and training required to deliver personal finance and business management instruction. CAFF fosters collaboration between community based organizations and education institutions to improve and track financial literacy efforts. CAFF’s current programs in financial capacity research, youth entrepreneurship and financial literacy instructor certification were created with the support and supervision of the California Financial Curriculum Council (CFCC). CFCC is a standards board created by CAFF to help expand and enhance financial literacy.

Media Contact:
Madeleine Wiener
858-635-4885
mwiener@alliant.edu
Chief Marketing Officer

The Financial Education Week’s
Futureboss competition
at Alliant International University
in San Diego

20120321-104951.jpg

28 high school honor students
11 county high schools
5 university professors
1 week of :

EMPOWERMENT

2012 WINNERS

1st: Raul Escobar
The Charter School of San Diego
2nd: Brandon Hernandez
Sweetwater High School
3rd: Sam Wisotsky
High Tech High School
4th: Ian Larson (tied)
Patrick Henry High School
4th: Mariana Meneses (tied)
Olympian High School

 

These young entrepreneurs were unaware that week would help them understand their strengths and fortify their dreams for making a better life.

Growing numbers of college graduates are opting to start a business venture after graduation. Studies show that up to 35% of graduates are taking the risks and rewards of business ownership. The US Small Business Administration agency has indicated a majority of start-up businesses will fail within the first two years. The reasons vary from lack of capital, cash flow errors, not understanding the industry and most importantly from a lack of desire.
The lack of desire was not one of the deficits from a group of twenty eight students that attended the Financial Education Week’s International Youth Entrepreneurship Scholarship Competition at Alliant International University. (The Financial Education Week is a community based service and a vision of the Mexican Consul of San Diego and Mayor Ron Morrison of the City of National City.)
These eager and willing students were excused for three days from high school to learn, at a university level, how to become better leaders and successful business owners. Five university professors from Alliant taught 18 hours of business administration lessons in everything from social media to accounting. Eleven San Diego County Schools participated in this widely promoted event.
The event was promoted through 17 radio interviews, 5 television interviews, 2 press releases, 1 press conference, 6 news articles, 4 Facebook pages, and hundreds of tweets. Every effort to get the word out was deployed. The San Diego County Office of Education, Sweetwater School District superintendent, principals, teachers, and counselors were recruited to make the public aware that this type of opportunity doesn’t come around every day.

Linda is Carmen Cifuentes daughter that attends Valley Center High School.

Special guest speakers such as Ruben Garcia from the US SBA, Ivan Sandoval from Wells Fargo and Alex Montoya from the San Diego Padres shared their knowledge. Alex Montoya and one of the youngest student, Linda, made a real impact on the entire event. Linda and Alex are both Colombian immigrants and faced with incredible challenges and opportunities. Many people know Alex’s story from his book, Swing for the Fences, and how he was born without arms and only one leg. It is also known how he has turned this challenge into an opportunity to do great things. What was not known was Linda’s story.
Not very long ago Linda was adopted and immigrated from Colombia. She is currently learning her environment and the English language. Linda is faced with a problem no one, much less a teenager, should face. Linda is being treated for cancer and has to make choices that are not common for a fifteen year old.
It was Linda’s wish to attend the Alliant International University Entrepreneurship Program and compete with high school seniors from 10 other San Diego county schools. Linda recruited her sister Raquel, a straight A student, to help her with this strenuous university level course that was taught in a language Linda did not fully comprehend.

Linda and Alex reminded me that life is full of opportunities and that we must connect with our strengths to never give up on who we are and what we want to become.

Linda and her sister have been molding their hobby of jewelry making into an entrepreneurial project. Even though these sisters were too young to take part of the awards competition, a special exception was made to allow Linda and Raquel to take part of every other aspect of the program. With this education, Linda hopes she and her sister will learn how to become successful entrepreneurs. Soon after attending the Youth Entrepreneurship Scholarship Competition, Linda’s story of strength and selflessness was told on TV. SEE More
The winner of the of the competition, Raul, has a story that is just as special. He was almost disqualified and just 3 years ago was deported from this country. Everyone should read his story and how he was apprehended by undercover border patrol agents and sent off to a country he had never lived in.

More: an absolutely true story of being deported at age 14.

Everyone that attended the competition learned a new life lesson. The students, staff, faculty and supporters demonstrated their commitment to our community and showed that it takes collaborative work to be successful.

Any part of this article may be used freely with the condition that the author Miguel Vasquez, CEO of the California Foundation Fund be credited.

Let’s be smart about our money management and teach others financial literacy so we don’t relive this economic storm. Economic difficulties or poverty is a simple problem with a difficult solution.  Can we prevent poverty from occurring or reoccurring? What preventative financial self-sufficiency initiatives can help jumpstart our economy, who are the key players, and how does financial literacy make a difference? Many know the definition of financial literacy. However, few know how to record results of its effects or how to track people’s improved financial choices to determine the success of money management workshops.

Financial literacy is the ability to understand money and how to manage it so that a person can make informed financial decisions. Financial literacy helps people save, better protect and manage their money, prepare for unexpected events, and plan for short- and long-term goals. So why doesn’t California have any current statewide standard for financial education in our public school system? Perhaps we need to re-brand financial literacy as the new way to live wealthy at any income level.  We should suggest financial literacy classes be titled; how to run your family like a fortune 500 business or how to be wealthy this year.  This might get more people interested about learning how to effectively conduct their finances.  Without proper money management skills, working people live in and out of poverty.

We need to break the cycle of poverty. Well over five million people live in poverty in this state alone.  What California needs is a jumpstart to our economy that is sustainable through financial education, mentorship and small business support.  Government agencies such as the Federal Deposit Insurance are meeting to discuss, “Overcoming Obstacles to Small Business Lending”. This forum on January 13, 2011 takes place in Arlington Virginia.  To jump start our economy, we need to support cash flow initiatives for small business owners.  We should ensure small business owners know some basic financial fundamentals or are obligated to learn more about finances prior to obtaining a loan.  Many times small business owners are tempted into the wrong type of credit because they were approved, not because it will help their business grow.  Bank loans are very difficult to understand and the underwriting process vary from one bank to another.  The most difficult to obtain are small or micro loans needed to start new business or small projects within a small business.  Unfortunately for start up businesses, banks’ require credit history and don’t like to waste time with what they consider to be small unprofitable loans.

Jump staring our economy will unmistakably take place in the small business sector. Micro lending and financial education will take center stage in the FDIC’s small business forum.  What will inevitably come out is that government needs to invest in community groups and local governments that help small business succeed.  Small business financial education and technical support is being done today, but at  fractured and limited way.  Several large financial institutions are collaborating with community colleges to increase the educational or technical support of small business owners and entrepreneurs. Private and non-profit partnerships like CARAT are providing lending opportunities throughout the state that will help improve employment. Many SBA offices are also providing support. The demand for these services are plentiful, and we need to do a better job at letting small business owners know where they can find help. In California the following micro-lending organizations received funding to help jump-start the economy.

CA California Assoc. for Micro Enterprise Opp. $50,250
CA Central Valley Business Incubator $67,000
CA National Community Development Institute $67,000
CA OBDC Small Business Finance $50,250
CA Opportunity Fund Northern California $50,250
CA Pacific Asian Consortium in Employment $50,250
CA Union of Pan Asian Communities $50,250
CA Valley Economic Development Center $67,000

These funds will help start-ups organize and grow their businesses. Help for established small business owners might be on its way in the form of tax breaks. There are many credit building, mentorship and support organizations for small businesses. The California Foundation Fund has established an open directory for support organizations to list their services. This free directory allows small business owners to find accurate and updated information on where they can find assistance.

However, what most small business owners need today is more business. As the demand for consumption grows, so will the economy. This takes me back to my first statement. Consumers and small business owners need to understand how to be money wise to prevent another economic storm.  All the efforts put in place are well intentioned and may have positive results.  As we pull ourselves out of this long recession, some will cautiously look back and others will optimistically move forward.  What we need is a method to track how financial literacy is helping small businesses and individuals make meaningful changes in their lives to better manage their finances and plan for the rainy days to come.

Click here to sign up and learn more?

Close

Make sure you thank a veteran and those in the military every moment you can. I don’t think I was wise enough to do this with my stepfather who served in WWII and Korea.  After toting a gun in Germany as an army foot solder, he worked as an electrical engineer for over 40 years with the US Navy. He traveled overseas in every aircraft carrier built during his times. I never heard him complain about his work or pay. Today, he’s retired trying to make his garden stay pruned and clean. It is our obligation to learn from people like him and to pass on this knowledge. Many in the military are good role models who mentor inside and out of bases. Almost everyone has something positive about their lives. When you are celebrating Veteran’s day, remember who was a good role model and how you can be one too. Veteran’s day celebrates our military heritage and the sacrifices that make up our communities.

Those who served and volunteered should be respected and revered. Our mission is to help communities, including the military and their families. At military installations many hard working fleet and family support personnel are helping enrich the social and physical health of our military. Soon, many enlisted members will be provided with various financial education workshops to ensure military readiness. It had been reported that financial stress can be related to depression, domestic abuse, divorce, and suicides. Giving this community a relevant and useful dose of financial health is vital. However, it is also important to follow up with attendees during and after these workshops to ensure effectiveness, provide adequate support and to improve future implementations.

The leadership inside our military is never satisfied with and imperfect system. They are constantly working in making the perfect recruit. Leadership, service and mentorship is something our veterans provide and we should be grateful.