Rio Hondo's Business in a Box Academy
Rio Hondo School recently held their HOPE Business In A Box Academy Pitch Competition. The program is designed to raise the students’ understanding of entrepreneurship. The two-hour event consisted of eight groups and individuals who presented their entrepreneurial business ideas to a panel of judges, much like the popular television series Shark Tank.
The judging panel consisted of representatives from Cathay and First Republic Banks, and representatives from El Monte City School District finance, data, and education departments. Rio Hondo teacher, Ron Lenggiere, who serves as the program coordinator said, “With so many students desiring to be their own boss and have their own business, it is important to give students the knowledge and know-how to achieve their goals.”
The eight finalists pitched their ideas – which included services like tutoring, baby sitting, coaching, drawing and crafting and products like face creams, food and drinks. In addition to their initial idea, students included startup costs - like equipment, materials and advertising. Presenters had to know their competition and have an overall plan for the growth of their business idea.
After the judges deliberated, three winning ideas were declared. Ariana Chavarria’s business, AC Training, to provide private one-on-one softball training, Samaria Leon’s business, Sammie Jellies, a gelatin based face product, and a tutoring/babysitting service offered by Giselle Diaz, Gwendolyn Becerra and Jayli Smith called Diverstiy-Directions. All three winners will continue with a mentorship through HOPE Business In A Box to further develop their businesses.
HOPE Business In A Box Academies (HBIABA), powered by the Gallup-HOPE Index, is a national initiative carried out by HOPE to harness the economic energy of youth and bring positive business role models into underserved communities. The goal of the initiative is to reconnect the power of education to the power of aspiration, spurring local job creation, spiking local GDP growth, and therein insuring the future prosperity of our students and our nation. See more at: http://www.operationhope.org/business-in-a-box