![\"Pete](\"http:\/\/www.financenewmexico.org\/articles\/wp-content\/uploads\/2010\/11\/Pete_Sec.Mondragon_Arana.jpg\" "\\"Pete_Sec.Mondragon_Arana\\"")
<\/a>Winners Pete Smiley and Ara\u00f1a Schulke with EDD Cabinet Secretary Fred Mondragon<\/p><\/div>\n
Two seniors from East Mountain High School in Sandia Park won the high-school division of the fourth annual New Mexico Youth Entrepreneurship Network’s 2010 Youth Business Plan Competition with their plan to run a hot dog stand at their school to make up for its lack of a lunch program. In the summary of their business plan submitted for the competition, seniors Pete Smiley and Ara\u00f1a Schulke proposed to establish a hot dog stand called Pete\u2019s Wieners to provide hot lunches to classmates who hadn\u2019t packed a lunch and didn\u2019t want to eat vending machine fare.<\/p>\n
\u201cPete\u2019s Wieners started out as a joke between two buddies looking to make a good grade in an economics class,\u201d the partners wrote in their business plan. \u201cThe main goal is to supply EMHS students with a delicious, affordable lunch \u2026 that students would enjoy consuming.\u201d Their plan included giving a portion of proceeds to the school\u2019s music and athletic departments.<\/p>\n
For their efforts, Smiley and Schulke won $800 and a trip to the Magic Wand Foundation\u2019s Ultimate Life entrepreneurship camp at Disneyland in Florida.<\/p>\n
The young entrepreneur competition, sponsored by members of the New Mexico Youth Entrepreneurship Network, took place October 14-15 in Albuquerque as part of the New Mexico Economic Development and Workforce Solutions departments\u2019 entrepreneurs \u201cEvolve Summit.\u201d Ashley Lober of Albuquerque High School took second place ($600) for Fliptastic Tumbling; Zania Maria Iron-Cloud Robinson of Volcano Vista High School in Albuquerque came in third ($500) for Grandmama\u2019s Soul Food Spaghetti; Elias Pacheco of The Masters Program in Santa Fe took fourth place ($300) for Elias Pacheco Art & Design; and John Santistevan Jr. of Deming High School won honorable mention ($150) for Bo\u2019s Hitch Covers.<\/p>\n
Two students tied for first place (each receiving $450) in the middle school division: Tate Eppler of Yucca Junior High in Clovis for Tatey Bear Lollipops and Austin Lober of Sierra Adentro Charter School in Albuquerque for Yard Sale Maniac.<\/p>\n
NMYEN picked 15 of the 35 business plans submitted by charter school, middle school and high school teams and individual students across the state for the Albuquerque competition. The 27 students presented their plans to five judges:\u00a0 Ron Martinez from the Center for the Education and Study of Diverse Populations (CESDP) at New Mexico Highlands University; Juan Casimiro from the Magic Wand Foundation in Miami; Jeff Waller from Excent in Atlanta, Georgia; and Brian Mirabal and Ed Burckle of the Regional Development Corporation in Santa Fe. Award presenters were John Woolsey, state director of the U.S. Small Business Administration, and Fred Mondragon, secretary of the state Economic Development Department.<\/p>\n
NMYEN is a coalition of more than 40 organizations that advocate youth entrepreneurship education.\u00a0 The competition was sponsored by NMYEN members Engaging Latino Communities for Education, the state Economic Development Department, New Mexico Small Business Development Centers, NMSU Arrowhead Center and the Regional Development Corporation.<\/p>\n
Article 165<\/p>\n
Download 165_Students Cook Up Winning Business Plan<\/a>\u00a0PDF<\/p>\n","protected":false},"excerpt":{"rendered":" Two seniors from East Mountain High School in Sandia Park won the high-school division of the fourth annual New Mexico Youth Entrepreneurship Network’s 2010 Youth Business Plan Competition with their plan to run a hot dog stand at their school to make up for its lack of a lunch program. \u201cPete\u2019s Wieners started out as a joke between two buddies looking to make a good grade in an economics class,\u201d the partners wrote in their business plan. Continue reading