The Foundation is well aware of how important entrepreneurship is to the economic fabric of Wake Forest, and is dedicated to promoting a strong, vital, creative and passionate entrepreneurial spirit throughout the community.
Over the long term, the Foundation is committed to providing both fledgling and existing entrepreneurs with the necessary educational tools and funding to start a business -- deciding the type of business, researching the viability of the business idea, writing a business plan, developing a business structure, assembling a team and handling the paperwork – and offering more extensive training resources and expertise for expansion of established businesses. One possibility that is being considered to accomplish this goal would be to institute a capital campaign over several years.
Young Entrepreneurs Fair Under the entrepreneurship banner, the Foundation held its third Young Entrepreneurs Fair at the annual “Meet in the Street” arts and crafts festival in May 2019. Attracting approximately 30,000 visitors, “Meet in the Street” is the ideal venue for budding entrepreneurs aged 9-14 to practice their entrepreneurial acumen and get first-hand experience about what is involved in operating a profitable enterprise, from manufacturing and inventory control to branding, marketing and sales.
More than 40 young vendors were invited at no charge to setup shop in front of Town Hall along Brooks Street.New this year were two training classes before the fair that focused on important business topics such as business planning and marketing. Many of the participants utilized this knowledge and plan to participate in future years.
For the third time, Blue Wave Pressure Washing sponsored the fair. Company owner Jodi Darrohn “believes strongly in fostering entrepreneurial spirit in young people. They’re the business owners of tomorrow, and [fair offers] a big step in teaching them how to be successful.”