1 / 31

Allowing young people to EXPERIENCE entrepreneurship.

4-H Means Busine $$. Allowing young people to EXPERIENCE entrepreneurship. Stephanie S Blevins, Ph.D., University of KY Griffin Blevins, 4-H Means Business Entrepreneur. Who taught you about: . Money? Business? Finances?. 4-H Means Busine $$. Need for 4HMB.

isaiah
Download Presentation

Allowing young people to EXPERIENCE entrepreneurship.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 4-H Means Busine$$ Allowing young people to EXPERIENCE entrepreneurship. Stephanie S Blevins, Ph.D., University of KY Griffin Blevins, 4-H Means Business Entrepreneur

  2. Who taught you about: Money? Business? Finances? 4-H Means Busine$$

  3. Need for 4HMB “Many young people are unskilled in managing their personal finances, yet this crucial life skill will greatly affect their future economic well-being” (USDA, 2010, Retrieved on May 12, 2011 from: http://www.csrees.usda.gov/nea/economics/in_focus/security_if_youth.html) . "Appalling ignorance" is a term used by the Joint Council on Consumer Education to describe high school students’ understanding of financial concepts.” “Two-thirds of those students could not even define the term "profit" (Barrett, 1990). Thirty-one states have "consumer education guidelines," but less than eight states require consumer education topics on a competency exam prior to graduation (National Coalition for Consumer Education, 1991). 4-H Means Busine$$

  4. Why They Want to Join 1. Earn Money 2. Hang out with Friends

  5. Why We Want Them to Join Skills $ Customer Relations $ Marketing $ Record Keeping $ Advertising $ Tracking Inventory $ Counting Money $ General Banking $ Communication $ Terminology $ Computer Programs $ Financial Mgt. $ ETC ETCETC Knowledge $ Profit/Loss $ Monopoly $ Scarcity $ Business Plan $ Budgeting $ Wholesale/Retail $ Gross/Net $ Contracts $ Risk $ Surveys $ Product Development $ ETC ETCETC Social $ Form Positive Adult Relationships $ Create Networks $ Develop Generosity $ Experience Independence $ Customer Service $ Make New Friends $ Mentoring $ Leadership $ Responsibility $ ETC ETCETC Skills $Customer Relations $Marketing $Record Keeping $Advertising $Tracking Inventory $Counting Money $General Banking $Communication $Terminology $Computer Programs $Financial Mgt.

  6. 4HMB Program Objectives 4-H Means Business Club Objectives: • 1. Allows youth to DISCOVER OPPORTUNITIES through the exploration of interests through product choice and development. • 2. Encourages youth to THINK LIKE AN ENTREPRENEUR by providing contextual learning through state identified competencies. • 3. Instructs youth how to GROW/EXPAND THEIR BUSINESS by using ‘teachable moments’ to increase skills and knowledge. • 4. DEVELOPS SKILLS and KNOWLEDGE in communication, financial management, marketing, public relations, community service, leadership, and so much more. • 5. Gives youth the knowledge/skills needed to START THEIR OWN BUSINESS. 4-H Means Busine$$

  7. Confucius… “If I hear, I forget. If I see, I remember. If I do, I understand.” 4-H Means Busine$$

  8. Model that drives 4HMB Figure 1. Experiential Learning Model (Kolb, 1984, p. 42) Experiential activities can make financial management education more relevant, interesting, and fun (Koehler, Lawroski, and Bischoff, 1995). 4-H Means Busine$$

  9. 4HMB Experiential Learning • Allow 4-H’er to select product(s) • All products must pass jury system • Limited instruction before first show • Utilize shows to teach competencies • Additional Opportunities: • Field Trips • Mentoring • Consignment • Guest Speakers 4-H Means Busine$$

  10. 4HMB Program Overview • Terms • Product Development • Product Pricing • Financial Management • Record Keeping • Customer Service • Product Marketing • Business Image • Business Security • Expansion & Review 4-H Means Busine$$

  11. Key 4-H Means Busine$$

  12. Terms

  13. Product Development

  14. Pricing

  15. Financial Management

  16. Record Keeping

  17. Customer Service

  18. Product Marketing

  19. Professional Image

  20. Security

  21. Business Expansion & Review

  22. 4HMB Program Overview Independent Study • Form Development • Club Presentation • Mentoring • Non-Club Presentation • Schedule Field Trip • Secure Sponsorship • Write Article • Invite Friend to Club Meeting • Job Shadowing • Community Service Officer * Years in Business 4-H Means Busine$$

  23. How 4-H’ers Join 4HMB Owners: 1) To set up and sell as a 4HMB owner, you must first contact your 4-H agent in your county. 2) You need to come up with a business idea. It’s better if you pick a product that you like and would buy yourself. 3) You must find the supplies and/or a supplier for the items that you would like to sell. 4) You must submit your items to your leader to go through a jury process and you will get feedback. 4-H Means Busine$$

  24. Pinnacle To Show at the Kentucky State Fair: I certify that the 4HMB owner: _________________________ : 1….is not selling a perishable or consumable item, 2….has set up and worked in their business at 2 separate shows, 3….is a member of our registered 4HMB Club, 4….is a member in good standing of the 4HMB Club, 5….has passed a minimum of 50% of each competency, 6….submitted their product(s) and passed our county’s jury process, 7…will personally work in their business at the fair, 8…and will be chaperoned at a 1 adult for every 2 youth ratio. 4-H Means Busine$$

  25. What 4-H’ers Worry About… • “You have to constantly think about what you can do better or what you should change.” (Marketing) • “Worry when at a show you can’t leave your booth without someone watching it or else someone could steal something.” (Security) • “It’s kind of like you have to be ready to sell whenever a customer wants to buy something because you don’t want to offend them and you want to make the sale.” (Customer Service) 4-H Means Busine$$

  26. 4-H Means Busine$$ Show Name: _______________________________________________ Date: _______________ Location: ______________________________________ Length: ___1 day ___ 2 days ___3 days Show contact:_______________________________________phone:___________________________ Comments: _________________________________________________________________________ Total Number of Item(s) sold: ____________ Consider Participating in this Show Again: ___YES ___NO $_____________ - $_______________ = $________________ Starter Cash) Ending cash Gross Profit $________________ - $________________ = $ _________________ Profitable Show: Y N Gross Profit All Expenses Net Profit Itemized Record of Sales

  27. Income Contribute - Required 10% Spend - Re-Invest - Save - 4-H Means Busine$$

  28. Technology Point of Sale Square Up 4-H Means Busine$$

  29. 4HMB Owner Created Form 4-H Means Busine$$ Created b Giffin Blevins, May 2011

  30. Certificate of Establishment This Certificate confirms that Bailee Watson Boyle County 4-H’er Is a Kentucky 4-H Means Business Certified Member in Good Standing Doing Business As ____Charmed______ Established ___2009___ _________________________________________ ______________ Kentucky 4-H Assistant Director for 4-H Youth Development Date _______________________________________________________ Kentucky 4-H Youth Development Specialist, Entrepreneurship Coordinator Date _______________________________________________________ Kentucky 4-H Youth Development Agent, Boyle County Date

  31. Businesses Develop & Grow

More Related