The BABFOYA (Building A Business for Our Young Adults) program is a 8-week program where Pen Pointe Foundation mentor’s teens and young adults on financial responsibility and life choices and helps them prepare a business plan for the business that the group chooses to open. Inside the 8-week program we teach the importance of money management, check book balancing, opening up a bank account, starting a business, filing the proper articles for a corporation or LLC, drinking and texting while driving, raising a family and its values, the consequences of one’s transgression and the cost of trouble that’s easy to get in but hard to get out of. To the participants in the class that needs a driver’s license and or want to learn how to drive, Pen Pointe will sponsor them and pay all fees due with the exception of them having to take a DUI and a victim impact panel class, given to 2 of our participating teen who can produce documents showing enrollment of 6 hours of college credit hours in a Community or University college $500.00 towards a down payment on their first car and we will also sponsor each member of the of the chosen company and give them each a $100.00 to open up a banking account with one of Pen Pointe Foundation bank institute sponsors. At the end of the 8-week program we will host several fund raiser events to raise money to open up the business for the group and business plan that was prepared to open up the business in the group name only and taking the proceeds from the fund raiser and opening up a business account for their business. The BABFOYA program was developed to help our teens and young adults to help them build a business and understand financial and family values which are needed in their generation today as it enables them to become financially stable and more family structured. Pen Pointe Foundation is a Non-Profit 501 (c) (3) that has partnered up with a DUI school, a commercial real-estate firm, a dealership and several bank institutions that will enable the foundation to perform all of its program obligations to our teens and young adults.

The BABFOYA (Building a Business for Our Young Adults) program is a 8-week program where Pen Pointe Foundation mentors teens and young adults on financial responsibility, life choices, and helps them prepare a business plan for the business that the group chooses to open. Inside the 8-week program we teach the importance of money management, check book balancing, opening up a bank account, starting a business, filing the proper articles for a corporation or LLC, drinking and texting while driving, raising a family and it’s values, the consequences of one’s transgression and the cost of troubles that are easy to get in but hard to get out of. To the participants in the class that needs a driver’s license and or want to learn how to drive, Pen Pointe will sponsor them and pay all fees due, with the exception of them having to take a DUI and a victim impact panel class. Two of our participating teens that can produce documents showing enrollment of 6 hours of college credit hours in a Community or University college will receive $500.00 towards a down payment on their first car. We will also sponsor each member of the chosen company with a $100.00 to open up a banking account with one of Pen Pointe Foundation bank institute sponsors. At the end of the 8-week program we will host several fundraiser events to raise money to open up the business for the group. We will assist in preparing a business plan that is essential to open up the business in the group name only and take the proceeds from the fundraiser events to open up a business account for their business.The BABFOYA program was developed to help our teens and young adults build a business and understand financial and family values, which are needed in their generation today, as it enables them to become financially stable and more family structured.WEEK 1

• Introduction of Pen Pointe
• Pair individuals into groups
• Talk about life choices
• Discuss potential business for each group to open

WEEK 2

Pick the group business idea Discuss preparation to prepare a business plan for the business selected Discuss financial stability and the importance of credit

WEEK 3

Lesson topics about drinking and driving and texting and driving Lesson topics about business credit and business marketing Lessons and topics about family values

WEEK 4

Lessons and Instructions on how to open a business and a personal account How to keep books and records for your business

How to apply for an EIN (Employment Identification Number) Tax ID for business

WEEK 5

Lessons on how to form your business as a LLC, Incorporation (S or C corp.) or an LLP Instructions on how to prepare a business plan

Lessons on research to prepare a business plan for the chosen business for the group Researching and developing a name for the business

WEEK 6

Banker to introduce their banking products for the business Research for the business plan the group is doing

Lessons on marketing the business

Lessons on developing the website for the business

Secure an URL domain for the business and its website Developing a company e-mail address with the domain

WEEK 7

Lessons on working and marketing capital for the business Lessons on workers comp insurance for the business locating a lease space for the business

Form the business as a LLC or Incorporation online

Apply for the business EIN number from the IRS online

WEEK 8

Finalizing the business plan for the business A DUI/DWI and a victim impact panel class instructor to brief group on the importance of driving under influence and drinking and driving, organizing fundraiser events for the group business to open up a business account for the chosen group business, going to the site to view the space for the business.