In the world of entrepreneurship, ideas are only the beginning. The cultivation of an entrepreneurial mindset is what truly sets apart those who can turn their ideas into reality. VentureLab’s May 2023 Youth Pitch Event highlighted this in a profound way, showcasing the creativity and determination of young entrepreneurs, each of whom demonstrated key entrepreneurial mindsets.
The virtual event was run by Scott Mann, VentureLab’s Director of Education, while our new Executive Director, Desma Deitz, introduced the esteemed panel of judges: Kelly Weaver, Regional Director of the Small Business Development Center; Mary Scott, award-winning filmmaker, founder of BusinessRiff, and author of the St. Louis Startup Resource Guide; and Doug, CEO of Bold Xchange.
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What stood out about these young entrepreneurs was not just their innovative ideas, but their ability to embody and articulate the importance of the entrepreneurial mindset. They showed curiosity, courage, adaptability, resilience, and persistence – traits that are vital for entrepreneurship.
The participants, Ali, Ibraheem, and Husayn of VIB (Very Industrious Brothers), demonstrated curiosity and adaptability in their lawn care business, diversifying their services based on customer needs and feedback.
Abdullah, of Happy House of Desserts, highlighted the mindset of embracing failure when his homemade snow cones didn’t turn out as planned. However, he persisted and adjusted his strategy until he achieved the desired results.
Mikayla of Krafty Creations by Kayla showcased her courage in the face of doubt and adversity, and her creativity in creating and selling her paintings, abstract letter blocks and candles.
Natalie, who offers customizable family and pet photography through Pawsome Portraits, exhibited the power of persistence and grit in juggling her business with other commitments.
Mady of SMART Laser Designs emphasized her journey of embracing failure as she encountered difficulties in engraving and designing. Her experience was a testament to the importance of resilience and a positive attitude towards failure in the entrepreneurial journey.
This event was more than just a showcase of innovative business ideas. It was an inspiring display of the entrepreneurial mindset in action, providing valuable lessons for both young and seasoned entrepreneurs.
As we look forward to the next Youth Pitch Event, we invite you to get involved and learn more about our mission to nurture entrepreneurial mindsets in youth of all ages. If you’re an educator, a professional, or someone who believes in the power of entrepreneurial education, your support has made an impact.
Let’s continue fostering the entrepreneurial mindsets towards creating the next generation of diverse innovators and changemakers by making entrepreneurship education accessible to ALL youth.