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10/20/2009 10:18 AM

High School Girls Swap Business Tips

By: Tara Lynn Wagner

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An annual city conference gives teenage girls a boost towards a goal of one day owning their own businesses. NY1's Money Matters reporter Tara Lynn Wagner filed the following report.

With wide eyes and open ears, dozens of budding female entrepreneurs attend the 10th annual Guardian Life Insurance Girls Going Places Conference, to share dreams of become potential Fortune 500 CEOs of tomorrow. Many of the 12- to 18-year-old girls involved in the program have already started their own businesses, even though they are still only in high school.

"I've seen charities being formed, a lot to help youth, I've seen jewelry makers. One created a credit union in her school," says Maria Umbach of Guardian Life Insurance.

The conference consists of games and activities, as well as question-and-answer sessions that allow the young attendees to meet and learn from successful women business owners.

The mentors take the girls through the nuts and bolts of running a business, which go far beyond just having drive and a good idea.

"Budgeting, how to start a business, what the stock market looks like and investing, also cash flow, anything that goes into that," says Umbach.

"I think it's fabulous, it's almost like a kickoff to life," says Janet Adler of Janet Adler Realty.

The program also promotes practicality. Guardian awards $30,000 in prizes to promising young entrepreneurs, to use for either college or toward operating a business.

One winners, Claudia Geib, self-published her first novel, "Light Years," by age 16. At the conference, she offers words of wisdom to the other young women looking to follow in her footsteps.

"Do what you love, because if you are doing what you like, then even if you are not super successful, you'll enjoy it and it will make you want to keep going, and then eventually you'll get to where you want to be," says Geib.

It is a lesson not lost on future fashion designer Keyonna Jones.

"Most of my friends, they want to own their own businesses, but I think every girl should have their own dream and go after it and should let nobody get in the way of that," says Jones.

Budding entrepreneurs or those who know a young girl who is going places can find out how to apply to the entrepreneurship awards program at www.girlsgoingplaces.com.