LOS ANGELES, Calif. (Feb. 7, 2011) – As a result of the partnership between Roozt.com and the Network for Teaching Entrepreneurship (NFTE), a group of 35 students in a 10th grade class at Downtown Magnets High School are out to change the world through business.
Specially selected to take part in the first ever Social Venture Competition, this inspiring group of 14- and 15-year-olds are learning the fundamentals of starting their own business, through the lens of social entrepreneurship.
As part of the year-long curriculum, each student will write a business plan about their social venture, from concept statement to financial projections, and pitch their plan to a panel of experienced social entrepreneurs and investors from the Greater Los Angeles community.
The students are working on creative business plans from their unique perspectives – ones that have a positive impact on the community with a wide range of inspiring projects, including everything from channeling artistic talents of graffiti artists to eliminating abuse towards women and girls.
The winner of the competition will receive a Social Venture Launch Kit – courtesy of Roozt.com and its corporate partner, MyCorporation.com. The Launch Kit includes Free LLC or incorporation filing, TAX ID number, business consultation, customized business documents, and a free domain website. Roozt.com and MyCorporation.com created the Social Venture Launch Kit with the intent to help the Grand Prize winner eliminate the primary barriers in launching their business.
With both organizations so firmly entrenched in doing good within their surrounding communities, the partnership seemed a natural fit. Roozt.com empowers and enables the success of social entrepreneurs through it’s a daily deal site, offering 80% off products that are socially responsible and meet Roozt.com’s Eco-friendly, Ethical, Humanitarian, and Community-Conscious standards.
NFTE encourages at-risk students to start their own business, teaching entrepreneurship classes within low-income areas around the nation. To date, NFTE has worked with over 350,000 students, giving them all the education and tools they need to succeed.
Brent Freeman, CEO and Co-Founder of Roozt.com, realizes the importance for a company to not solely focus in making a profit, but to build social responsibility into the core of the business model, and finds it critical to encourage others to do the same. “We need to make social responsibility a fore-thought instead of an after-thought in the way business is done,” Freeman explains. “This is truly the future of business in the 21st century, and today’s younger generation understand and appreciate that.”
Freeman instructs the NFTE classroom in Downtown Los Angeles each week, providing a real-world perspective and guidance to the students as they develop their Social Venture Competition models.