TELEVISION NEWS COVERAGE
MINISTER OF ENTREPRENEURSHIP ™
NBC invites Dr. Michael Time to speak about his innovative work with Fortune 500 brands.
CHANGING DIRECTIONS AND CHANGING LIVES
Dr. Michael Time uses entrepreneurship skills and nonprofit to help people find their purpose.
NONPROFIT PROVIDES EDUCATION AND FUNDING FOR POTENTIAL FUTURE BUSINESS OWNERS
Dr. Michael Time teaches entrepreneurship at the Salvation Army Boys and Girls Club to inspire and empower youth.
INSPIRE
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EMPOWER
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INSPIRE • EMPOWER • TRANSFORM •
NEWS ARTICLES
U.S. CHAMBER OF COMMERCE
A Guide for High School Entrepreneurs
By: Nicole Fallon, Contributor; Published December 19, 2019
Excerpts from the Article …
“High school and college students are often denied access to startup capital and their entrepreneurial ideas and plans are left unrealized,” said Michael Time, CEO of the Time Entrepreneurship Foundation.
Time, whose company sponsors the Honor Loan Program, is looking to help reduce funding barriers for young entrepreneurs. This 501(c)(3) nonprofit organization was incubated at Brown University and is proudly "In the Business of the American Dream." Funding for the Honor Loan Program comes from loan repayment, donors and America Equals merchandise sales.
If you’re serious about starting a company, one of the first steps should be creating a plan to find funding. Time and the Honor Loan Program is a perfect example: it offers both funding and guidance for young entrepreneurs looking to start a business.
“‘No Entrepreneur Left Behind’ is one of our mottos,” he said. “We provide support without competition because we believe that all students deserve the opportunity to pursue the American Dream.”
Time agreed, advising student entrepreneurs to find mentors “to help answer questions both known and the important ones that are as yet unknown.”
Managing finances can be difficult for many people, but it can be especially tricky for young adults. According to Time, the Honor Loan Program partners with schools to provide their students entrepreneurship education and some basic financial management lessons, including how to track their finances and create (and stick to) a budget.
"Aside from student loans, avoid incurring debt, particularly credit card debt," said Time. "Student entrepreneurs are encouraged to allocate a portion of their earnings for savings. We reinforce the importance of saving and investing early, which is key to their future success."
"Nurture curiosity by asking questions, assuming and prejudging nothing," Time said. "Ask teachers, parents, nonprofit groups and mentors for support ... and, above all, never give up."