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Schools

Minding Our Business Competition to Feature Young Entrepreneurs

Upcoming competition to feature Trenton youth as they learn how to run a business.

Rider University will host the 2011 Minding Our Business (MOB) Business Plan Competition on Wednesday, Aug. 3, from 6 to 8 p.m. in Sweigart Hall Auditorium on the Lawrenceville campus. 
  
The competition will feature 30 participants, ages 10 to 13, from Trenton public schools, as part of the MOB Summer Program at Rider.

During the program, participants receive 14 days of training on how to plan and run a business. All students in the program are required by the end of the training to produce a plan for their business idea. On August 3, the students with the 10 best plans will compete for these top awards: $100 for first place, $75 for second place, $50 for third place, and other prizes for fourth and fifth place. 
  
“These 11- and 12-year-old contestants will impress you. Not only are they presenting well-formulated business plans, but they will do so in a professional manner,” said Dr. Sigfredo Hernandez, program founder and associate professor of Marketing. 
  
Business leaders from the Trenton Metropolitan Area will judge the students’ business plans. This year’s event will recognize and celebrate Prudential for their long-term commitment and support of the Minding Our Business Summer Program. 
  
In 2008 and 2009, the program was recognized by the National Center for Summer Learning at John Hopkins University as one of the top summer programs in the country in terms of summer learning excellence. In 2009, the MOB Summer Program became the National Winner of the Best of Best Practices Award in Entrepreneurship Education at the Small Business Institute National Conference in Florida.

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