Teens get financial tips in upcoming “Girls Mean Business” workshop

This Wednesday, local organization Girls Mean Business will offer another in its series of affordable summer workshops aimed at helping this generation of teen girls become the next decade’s top female entrepreneurs and business leaders. Beverly Wallenstein, a recent graduate of Cornell’s School of Industrial and Labor Relations, will lead attendees in activities designed to teach them about how to finance their possible business ventures.

“We aim to cover a number of topics,” Wallenstein told us, “including the differences between start-up costs and operating costs, different sources you can get money from, and the differences between for-profit and non-profit organizations. One activity we may do is have the girls create a mini fundraising strategy for a real organization.”

Wallenstein knows well the importance of teaching young girls that they can be entrepreneurs because women are currently underrepresented in major leadership roles. According to Wallenstein, women only hold 16.9 percent of Fortune 500 board seats, and account for only 4.6 percent of Fortune 500 CEOs.

Because of that, she founded Girls Mean Business with the mission “To reduce the gender gap in business and entrepreneurship by getting girls interested in business at a young age.” She credits her own early experiences with an entrepreneurship program as having guided her throughout high school and college, toward her own career in business.

Last summer's Business Bootcamp organized by Beverly Wallenstein, at left. Photo provided.

Last summer’s Business Bootcamp organized by Beverly Wallenstein, at left. Photo provided.

Last summer, Girls Mean Business hosted Business Bootcamp, a one day pilot program in the Johnson Graduate School of Management. How will this workshop be different? “During the bootcamp last summer,” Wallenstein said, “we touched lightly upon many different aspects of running a business. The upcoming workshop will be a much more focused and in depth look into how to finance a business.”

Wallenstein also said that she will have some materials for girls to take home for further study, and additional (more advanced) resources are available to anyone who requests them.

The Girls Mean Business Financing Workshop will be held from 6 to 8pm on Wednesday, August 17, 2016, in the newly renovated Kennedy Hall at Cornell University.

Teenage girls—including trans and genderqueer female-identifying participants—ages thirteen to eighteen are welcome to attend. Girls or their parents can sign up and pay the program fee at www.girlsmeanbiz.com.

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