Not Business as Usual: Tyrone Students Participate in Young Entrepreneurs Academy

photo courtesy of YEA

Tyrone’s Mia Kosoglow pitches her buisness idea to a group of potential investors.

Three Tyrone students are learning how to start their own business through the Blair County Chamber of Commerce’s Young Entrepreneurs Academy (YEA!). YEA! participants take a series year-long classes that teach middle and high school students how to become the next generation of business owners.

Freshman Mia Kosoglow and Lindsay Fusco, as well as 6th grader Angelina Rhoades, are representing Tyrone in YEA’s inaugural class. Throughout the 30-week program, students develop business ideas, write business plans, conduct market research, pitch their plans to a panel of investors for startup funds, and launch and run their own, fully formed companies and social movements.

“I think the overall experience is amazing. For example, we have to write a business plan which is useful all through life in the business world,” said Rhoades.

The students recently attended a CEO Round Table Event on February 22 where they they had the opportunity to speak with a panel of local CEOs who gave them advice and different perspectives on running a business. As part of the program, the students are learning about business and how to be an entrepreneur. The program also helps the trio with public speaking and presentation skills.

“YEA is a helpful experience that informs students on starting a business. It teaches you skills to be able to do that while providing tools for your business,” said Kosoglow.

The course will end soon and the trio is looking forward to their last meeting, the YEA! Investor Panel on Wednesday, March 29, 2017 at the Downtown Devorris Center on 12th Avenue in Altoona.

At this final event, the students will be pitch their business ideas to potential investors in a format similar to the popular TV show Shark Tank.

“The winner of the local competition, gets to move on to a national competition where you can win scholarships and other prizes,” said Kosoglow, who’s business idea is to create a website to help connect established business leaders with young entrepreneurs.

“I think the overall experience of YEA! is great because it teaches you the importance of being an entrepreneur,” said Fusco.

They each vouched that the best parts of the experience is but not limited to meeting new people, being apart of your own business, and getting out of school. Kosoglow and Fusco both heard about the program and were encouraged by family to apply and they have yet to regret it. Rhoades was recommended by the middle school, and then sent in her application.

“It’s an amazing experience that other people should have the chance to experience,” said Rhoades.

For more information on the local competition, check out their Facebook page.