There are countless reasons why teens should participate in high school entrepreneurship competitions. However, the overarching one is the fact that they will learn so much through the process, and that knowledge will help them for decades to come.
For teens who are business-minded or plan on pursuing entrepreneurship, working for a startup, or going into the venture capital industry in the future, entrepreneurship competitions are a great opportunity to dip their toes into these waters and get a unique insider’s look at both the entrepreneur’s and investor’s perspective.
Entrepreneurship competitions require competitors to demonstrate independence, creativity, determination, business savvy, and communication skills to take their idea from inception to complete pitch deck and present it for the competition judges.
All these skills will make teens better, more equipped students. In the long run, they’ll be brighter and more confident people. It will give them a leg up in the college admissions process. It’s also very possible that some competition participants will find a real passion for entrepreneurship or the business at hand and will become real-life entrepreneurs straight away.
Finally, aside from the potential to win a title and prize funding, the experience of competing in these competitions can be awe-inspiring on a college application. It can easily set a student head and shoulders above their peers whether or not they win first place.