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Can't get your teenage daughter to mind her own business? Listen up.
An Income of Her Own (AIOHO), a Calif.-based, not-for-profit organization, has launched its second annual business plan competition for young women. Created by Joline Godfrey and Karen Schafer, AIOHO is dedicated to encouraging teenage girls to consider business ownership.
Young women between the ages of 13 and 19 from the U.S. and Canada are eligible for the competition. Each entrant must supply an adult consent form along with a business plan (not longer than 11 pages) describing her ideas for a new business. "The competition allows young women to clearly develop a business plan," says competition director Lynn Karlson. "We give them guidelines to follow, but the hard work is all their own."
While the competition is...