A look at the 2018 Fortune 500 list reveals only 24 companies headed by women. On the bright side, there are 12.3 billion women-owned businesses in the US.
BossGirl has set out to get more girls involved in the world of entrepreneurship, supporting girls with a space to promote and sell at local markets. On Sunday, April 28th, at their Spring Market, students Riley Fenton, Arden Ritter, and Delaney McCallum (pictured above, photo courtesy of Brooke McCallum) showcased what they're learning as entrepreneurs and as part of the Aspen Entrepreneurial Institute. By participating, they contribute to the economic impact ($1.8 trillion in revenue) that women-owned businesses generate.
Here are 3 tips these young entrepreneurs had to share as advice to other entrepreneurs:
- Keep learning. There are always things to learn from and about when running your own business.
- Keep going no matter what. Owning a business can be frustrating and times, but if you keep going, it's also fun.
- Make sure you price your product so you're able to make a profit. (These entrepreneurs already understand that business is a labor of love, and you have to ensure you can stay in business!)
Vision for the Future
For Arden Ritter, her motivation to start a business comes from her father. As an entrepreneur, he's built a business and encourages her creativity and entrepreneurial mindset.
Delaney McCallum, owner of BD Beads, believes that jewelry can make you feel confident, proud and great about yourself -- and it’s important to have affordable jewelry that is beautiful and makes you shine. One day, she'd like to be a big business like Tiffany & Co. or Stella & Dot.
Look out for all three of these entrepreneurs in upcoming years of Shark Tank!
Female Kidtrepreneurs: Learning Life Skills Early
Aspen Academy, an innovative private school in Greenwood Village, Colorado, is home to the Aspen Entrepreneurial Institute (AEI). AEI is the only wholly sequenced, year-long curriculum that incorporates economics, personal financial literacy, organizational leadership, and entrepreneurship for Kindergarten - 8th Grade students. Students learn a variety of lifelong financial skills that they can take into the world for their personal savings and to contribute to the greater world.