Contest: Grow Your Own Business

The Fairholme Foundation today announced the launch of the third year of competition for the Warren Buffett Secret Millionaires Club “Grow Your Own Business Challenge.”  The national online competition is open to kids 7-14, who are invited to create a new business idea.  The competition, sponsored by the Fairholme Foundation to further its mission of improving financial education, launches at noon on October 22, 2013 and ends on January 31, 2014.

In May 2014, five individuals and three team finalists in the competition will be flown to Omaha, NE to present their winning ideas to Mr. Buffett and a panel of VIP judges. One Grand Prize individual and members of one Grand Prize team will each be awarded $5,000. The finalists will be invited to nominate a teacher who was most inspirational in the process to join them in Omaha and win up to $1,000. For full rules and to enter please visit www.SMCkids.com. A new addition to the final event this year is the University of Miami’s Launch Pad Entrepreneur Team. The team will host a workshop at the event to offer advice and guidance to the finalists.

The Secret Millionaires Club Learn & Earn promotion offers an educational website and on-line materials for educators, parents and volunteers to extend the valuable lessons from Mr. Buffett into the classroom, home and afterschool programs. Girls, Inc., Junior Achievement and 4H are all participating in the program this year.

The “Grow Your Own Business Challenge” is a part of the Secret Millionaires Club Learn and Earn financial literacy promotion, which is sponsored exclusively by the Fairholme Foundation and reaches over 100,000 classrooms and youth organizations with free tools and lessons for teaching good financial habits to youth.

In October, the Secret Millionaires Club is also launching the SMC Business in a Box, Secret Millionaires Club DVD Volume 2 and a new book, Secret Millionaires Club: Warren Buffett’s 26 Secrets to Success in the Business of Life, written by Andy and Amy Heyward.

The series airs on the Hub Network. Tune in on Sunday, November 24 at 9 a.m. ET/6 a.m. PT for a new episode of “Secret Millionaires Club” titled “The Gift” featuring special guest, Bill Gates.  The episode will encore Monday, November 25 at 11 a.m. ET/8 a.m. PT. There will also be a new episode titled “Just Say Snow!” that will air Sunday, December 22 at 9 a.m. ET/6 a.m. ET. The episode will encore Monday, December 23 at 11 a.m. ET/8 a.m. PT.

About Fairholme Foundation

The Fairholme Foundation invests in under-valued paths to improving education. Our key: Ignore the crowd by circumventing long-standing roadblocks to progress. The Foundation is a 501(c)3 organization solely funded by Fairholme Capital Management and its affiliates.

About A Squared Entertainment LLC

A Squared Entertainment creates, produces and distributes original “content with a purpose” for kids, meaning entertainment that is as enriching as it is entertaining. In addition to Secret Millionaire’s Club, the company is creating Thomas Edison’s Secret Lab to encourage kids in math and science. It also created Martha & Friends with Martha Stewart to inspire creativity, through crafting and cooking. And, Gisele & the Green Team with Gisele Bündchen to enlighten kids about the environment. 

About By Kids For Kids

By Kids for Kids® (BKFK®) is a platform that empowers youth invention, innovation and entrepreneurship. BKFK promotes youth social innovation and partners with leading corporations to inspire product development, crucial technology skills, invention, and innovation in young people from 8 to 22. BKFK provides a unique platform for young people to develop, showcase, and commercialize their products, inventions and entrepreneurship. BKFK’s “cycle of innovation” develops critical 21st Century skills in our nation’s youth. The company provides educational resources — curriculum and challenges that promote social change, product development and entrepreneurial endeavors. 

About the Hub Network

The Hub Network is a multi-platform joint venture between Discovery Communications and Hasbro Inc., with a goal of entertaining, enlightening, empowering and educating children and their families.