FSU and Area Businesses Join Forces to Teach Children Financial Responsibility FAYETTEVILLE, N.C. (April 15, 2014) – Fayetteville State University’s (FSU) School of Business and Economics, in conjunction with the Fayetteville Regional Chamber of Commerce’s Center for Emerging Business, and Morgan Stanley, wants to teach children financial responsibility at a young age. The agencies will join forces to sponsor Youth Entrepreneurship Day, a program for children ages 9-12. Over the past four weeks, children enrolled at the Cumberland Road Boys & Girls Club of Cumberland County, Great Oaks Youth Development Centers, Inc., and the Fayetteville Urban Ministry Find-A-Friend Program worked with FSU faculty to develop their entrepreneurial skills. Faculty followed a customized curriculum guide, Biz Kid$™, to teach participants how to market and sell a product. Children at each center were divided into groups where they selected a beverage to sell, set a fundraising goal, identified the costs, set a price, and developed a promotional plan. During the fourth week, a spokesperson from each group presented the business plan to “investors” from Morgan Stanley to secure funding. Logistical planning was coordinated by Fort Bragg’s 82nd Airborne Division. The Center for Emerging Business solicited local business support and sponsorships. Youth Entrepreneurship Day will be held on May 3, 2014. Fifty youths from Fayetteville and surrounding areas have been identified to participate. The youths come from the Boys and Girls Club, Urban Ministry’s Find-a-Friend, and Great Oak Youth Center. The students will operate beverage stands and will sell lemonade, a variety of flavored punches, and bottled water. The beverage stands will be located at the Duck Derby from noon to 3 p.m., YMCA North Parking Lot from 8 a.m. to 2 p.m., and Hamrick’s parking lot on McPherson Church Road from 10 a.m. to 3 p.m. “The School of Business and Economics, the Center for Emerging Business, Morgan Stanley, and Fort Bragg are excited to partner in a venture that will teach children how to be responsible entrepreneurs,” said Dr. Assad Tavakoli, Dean of the FSU School of Business and Economics. “This will not only be fun for the children who take part, but it will also provide valuable educational benefits and give these budding business owners an idea of all that’s involved with starting their own businesses. I thank FSU First Lady Nancy Anderson for bringing this idea to us. It presents another way for FSU to be involved in the community.” For more information, contact Dr. Pamela Jackson in FSU School of Business and Economics at (910) 672-1818, or email Diana Potts with the Center for Emerging Business at [email protected]. Founded in 1867, FSU is the second-oldest public institution in North Carolina. It offers nearly 60 degrees in the arts, sciences, business, and education at the undergraduate, graduate, and doctoral levels. It serves a student body of more than 6,100 students and has a faculty and staff of approximately 900.
Posted on: Fri, 25 Apr 2014 22:17:27 +0000
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