(Photo submitted by the Wyoming County Cooperative Extension.)
Business 101 requires one part determination, one part motivation and one part know-how. Three county high school students showed their moxy in the first Wyoming County Startup Business Plan Competition. The teenaged entrepreneurs pitched their business ideas to a panel of judges on May 2 in a contest that began in January, the Wyoming County Cooperative Extension reports.
Payden Buchholz, Kelsey O’Hare and Ryan Hamilton, completed four stages of the contest: a Business 101 seminar, submission of their executive summary, a feasibility analysis, and pitching the idea to a panel of judges.
The seminar taught the students about financing, marketing, creating a brand, and how to look at the feasibility of their idea. Stage two consisted of writing a paper laying the ground work for their business and why it was going to be successful. The feasibility analysis explained why their business would endure. Finally, the entrepreneurs presented their idea to business leaders in Wyoming County.
Buchholz, a junior at Letchworth High School developed Northbound Apiaries, a bee rearing operation. O’Hare, a junior at Pioneer High School, founded a poultry, ewe, and club lambs farm. Hamilton, a sophomore at Letchworth High School, opened a heifer-raising operation called Triple H: Hamilton Heifer Housing.
All the plans have their businesses located in the county. Two of the competitors businesses are in operation and plan on using their award money to expand their operations. The third business owner will be using his award money for future education.
The competition was open to any high school student that resided in a school district in the county or any Wyoming County 4-H member.
To learn more about the competition call the Wyoming County Cooperative Extension at (585) 786-2251. Information about next year’s competition will come out in the Fall.