Written by Julie Kantor, Executive Director NFTE DC Region
In the beginning it started out with over 900 youth in DC, Maryland and Virginia schools, as well as several charter schools. They then went through 60+ hours of training on how to start and operate their own small businesses. Most of the students received seed capital to bring the book-theory to life and purchase their own inventory. And students from all over the region have showcased their new businesses in their schools and with most of them turning a profit. In the end these students compete to take their businesses to the next level.
The students start off with what we call the capstone exercise, which is when every student writes and defends a business plan and with high level business coaches. Their coaches, usually a CXO, are volunteers from companies likes Booz Allen, Columbia Capital, Clarabridge, SPP Mezzanine, and Occasions Caterers, and they are assisted by gr