In our fourth Way forward for the Enterprise World podcast episode, we journey to Bogota, Colombia by means of Florida. Highschool pupil Camilo Saiz, who has a ardour for finance, moved to the U.S. from Colombia when he was 12, and but he by no means misplaced his connection to and compassion for the nation that formed him. At a time of yr when many contemplate methods to make an enduring social impression, Camilo shares his experiences of entrepreneurship and giving by way of schooling, and why he believes that “serving to others is contagious.”
Wharton World Youth: Hey, Everyone. Welcome to the Way forward for the Enterprise World podcast. I’m Diana Drake, managing editor of [email protected] Excessive Faculty, the one on-line enterprise journal for highschool college students. We’re a part of the Wharton World Youth Program on the Wharton Faculty, College of Pennsylvania. The mission of this podcast is to discover the way forward for the enterprise world by way of the eyes of minor entrepreneurs and innovators. Because the world continually modifications and evolves, younger trailblazers are embracing the entrepreneurial mindset and discovering methods to unravel issues and perceive rising tendencies. They’re figuring out market wants, creating merchandise, offering crucial companies and designing revolutionary tasks. Now we have met some wonderful future enterprise leaders and we wish to introduce them and their concepts to you.
Camilo Saiz is 17 and a junior at The Benjamin Faculty in Palm Seashore, Florida. Hello Camilo, welcome to Way forward for the Enterprise World.
Camilo Saiz: Hello Mrs. Drake. Thanks for having me right here. It’s a pleasure.
Camilo has crossed paths with us earlier than. He got here to Wharton in Philadelphia for our summer season program in finance and extra not too long ago took half in our two-week on-line course generally known as none apart from ‘Way forward for the Enterprise World.’
Wharton World Youth: Are you able to sort out the world of enterprise and finance after spending time at Wharton?
Camilo: Sure, I’ve had some superior alternatives and adventures at Wharton. Final summer season I did the finance program and I realized loads about monetary literacy and it actually motivated me to additional pursue my academic targets.
Wharton World Youth: Camilo’s story is much less concerning the schooling he’s getting and extra about his targets as an educator, which attain into his residence of Bogota, Colombia. The start is all the time an awesome place to start out, so are you able to inform us about rising up in Colombia, Camilo. What was it like and do you’re feeling it uncovered you to a novel perspective on the world?
Camilo: To start with, I’d prefer to say that I consider that Bogota, Colombia is among the most lovely locations on the planet and that it a rustic that could be very usually misunderstood. It’s crammed with lovely tradition and the individuals of Colombia are completely lovely in each manner — their hearts, they’re simply wonderful individuals.
Diving into what it’s prefer to develop up there, it’s undoubtedly very totally different than rising up in America. I undoubtedly had a really totally different childhood than numerous my pals and friends in a way that I used to be uncovered to totally different facets of the world. Rising up in Colombia, I bear in mind taking the bus to high school each morning and we’d drive by way of some impoverished elements of town through which we’d simply see individuals within the streets begging for cash and folks struggling to get to high school. We had been so fortunate to have a bus; so blessed. The best distinction was seeing these individuals each single morning and feeling so blessed for the whole lot we had. With regards to the social facet of rising up in Colombia, there may be actually a wall that divides the totally different courses. With that being mentioned, there’s a nice emphasis on many alternative ranges of giving again to the neighborhood. I consider that it’s by way of tasks I used to be concerned in with my household, with pals, by way of college that motivated me to assist the opposite individuals. I consider that serving to others is contagious. When you notice how a lot of an impression you’ll be able to have on others has been a motivation for me, particularly transferring to America — to make the very best out of my research and hopefully have the ability to give again to my nation that in all honesty has made me who I’m.
Wharton World Youth: You moved to America once you had been 12 and but you continue to felt that pull towards your house nation; the pull to coach youth and put together them for the longer term. When you had been within the U.S., how did you start to have an enduring impression in Colombia?
Camilo: The summer season earlier than I moved to America, proper earlier than my 5th grade yr, I used to be doing work that summer season in a college in Colombia and we had been serving to to show English courses to the children there. I bear in mind one of many greatest struggles was that we didn’t have sufficient books for the entire class. So I set my purpose that summer season to lift $500. Like some other 12-year-old, what else do you go to? I made a decision I used to be going to construct a lemonade stand. On the time, my mother and father supplied to purchase the lemonade stand for me. However the cussed little 12-year-old I used to be, I assumed I used to be going to construct it myself, which was 10 occasions more durable than shopping for it could have been and possibly thrice as costly. However I did it. It was onerous, however numerous enjoyable. It took two or three weeks and I did it with my dad. It was actually bonding. I
Every part was good. I had the lemonade stand, the lemonade, the whole lot. – besides, nobody was shopping for it. It was actually irritating as a result of [I thought] it was good. What could possibly be mistaken? Then I began to investigate the whole lot that had been taking place and realized that one key factor was that everybody who walked by, even when they purchased the lemonade or not, would say, ‘Oh, that’s so cute. That’s so good.’ I noticed everybody likes it, so why aren’t they shopping for it? Then I obtained slightly intelligent. I noticed that perhaps if I didn’t ask for any cash, then individuals would assume it was cute and depart me a tip. I walked into the home one sizzling Saturday and I took the crops out of one in all my mother’s pots and put up an indication that mentioned TIPS. Consider it or not, I really made more cash that day than previously few weeks attempting to promote lemonade. The primary day I made $112. Everybody was leaving suggestions. They weren’t even taking the lemonade, which was free of charge at that time. After that, I noticed I ought to do it as soon as per week. So, as soon as per week I might exit and say Free Lemonade with an enormous jar of TIPS and folks would give me some huge cash. By the tip of the summer season, not solely had I raised twice my purpose to purchase the books in Colombia, however I really had sufficient cash to pay again for the desk provides and the whole lot.
“I want individuals had been extra educated about different cultures. If we actually made an effort to know one another, we might join in ways in which we simply don’t see proper now as a result of we’re all so divided.” — Camilo Saiz
Wharton World Youth: That was actually the start of a journey for you in giving again to your nation. Right now, you’re exploring methods to attach Colombia to the remainder of the world. Inform us about your schooling challenge and the way it has advanced.
Camilo: That was the primary time I actually felt that you simply get extra from giving again than from getting. It motivated and taught me that it was my duty to do no matter I might for these youngsters in Colombia. That summer season I raised about $900 or so, which to an American seems like an excellent fundraiser, however to these youngsters in Colombia, $900 is how a lot their mother and father could make in a yr. I really feel prefer it’s my duty to make use of all of the assets I’ve to assist these individuals in Colombia and everywhere in the world attain limits they didn’t see as potential earlier than. This kickstarted a challenge that I’m engaged on proper now. I’m constructing a web based platform through which I’m instructing monetary literacy classes to kids in Colombia free of charge and I’m offering software program free of charge to some colleges that I’ve been in contact with, one in all them being El Hogar Nueva Granada, through which I’m offering English courses by way of Zoom proper now. They’re going to put in my platform as a part of the seniors’ closing graduating challenge, and so they’re going to should take it. What began with slightly lemonade stand has now become an enormous program that hopefully by the tip of subsequent college yr, lots of of children may have accomplished. I’ve realized that now that I’ve the means to supply this program, I must pay extra consideration to the lives of those youngsters. So I began this program and I partnered with El Hogar Nueva Granada through which I’ve raised sufficient cash to undertake 4 youngsters by now. We offer meals for them and their households for an entire yr, we offer the education and the ebook provides and the whole lot and Web entry for his or her properties. All of that’s simply $1,000 a yr.
Wharton World Youth: Have you ever realized something concerning the lives of the scholars you’ve adopted?
Camilo: A part of the adoption program once we get individuals to donate cash is that the children really feel a duty for the individuals who undertake them. What meaning is that you would be able to really speak to them everytime you need. You may schedule to speak to them as soon as per week and you may ask them how college goes, the whole lot. On the finish of the day, you actually hear heartwarming tales. One time I used to be speaking to one of many academics within the college and she or he informed me this story that they realized that somebody was stealing meals from the kitchen. They didn’t know what to do or say or if they need to get this child in hassle, however they realized the meals was lacking daily. They introduced it as much as the scholar and the scholar mentioned that no matter meals he obtained from the college was the one meals his household of 5 would get for the entire day. So then they began this program through which they might put meals within the youngsters’ backpacks to feed the entire households and that’s how they got here into the adoption program to feed the households.
Wharton World Youth: How do you’re feeling monetary literacy, which helps individuals develop cash abilities, goes to assist the scholars you might be instructing in Colombia?
Camilo: The explanation I really feel monetary literacy is so vital to youngsters in Colombia is as a result of I consider that the largest distinction that children in first-world nations have in opposition to youngsters in third-world nations is the chance to entry a correct schooling. Monetary literacy, which in the most straightforward phrases is simply how one can handle your personal cash, sounds easy to us however to those youngsters that’s life-changing. Issues which are so easy to us as how one can apply for a bank card or how one can pay taxes or how one can stability your house funds, these youngsters by no means get taught this stuff. I consider this can be a essential ability that they should study with a view to bridge into the actual world. I consider that if youngsters have this schooling, it may well enable them to prosper in life and seek for higher jobs. These youngsters study very properly, however they’ve an enormous hole between studying and getting these jobs they actually need. I actually hope my program will enable to shut this hole and permit them to pursue no matter they wish to grow to be in life.
I actually hope that after my platform begins to develop — I’ve partnered with two or three colleges by now – that it’s accessible anyplace. Proper now I’m doing the teachings in Spanish due to Colombia, however I additionally communicate French and I actually hope that I could make the identical interactive lesson plans in French and perhaps broaden into elements of Africa and have a snowball impact.
And lastly — that is far-off – however my best purpose aside from educating can be to create a microfinance program. The microfinance program would consist of making a system through which small companies – individuals in Colombia who’ve one cow or two cows – [would benefit from] individuals right here in America [who] donate small quantities of cash and make a small $10 or $6 mortgage, which to those individuals [in Colombia] is an entire week’s value of meals. The microfinancing program offers the chance for individuals to gather small quantities of cash from totally different individuals and pay again a little or no rate of interest, and so they’re in a position to develop their little economies and their little companies.
Wharton World Youth: The lemonade stand is basically the quintessential image of entrepreneurship. What has entrepreneurship come to imply to you at this time?
Camilo: If you ask me what entrepreneurship means, I might provide you with a thousand totally different solutions. What it actually means is that you must exit and do it. The work ethic is the whole lot. There’s nothing stopping any of us from doing no matter we wish to do in life. More often than not once we assume one thing is stopping us, it’s really us. We’re those which are stopping us.
The opposite factor is that there’ll all the time be loads of concepts that you should have. However you must execute them or in any other case they’re simply concepts, simply ideas. That’s all it’s. And as I touched upon with the lemonade stand story, you’ll be able to have the thought, attempt to execute it, and it doesn’t work. It’s good to get again up, assume exterior the field and check out one thing totally different. We’re all going to have issues not end up the best way we would like them to in life, and that’s okay. We have to study from our errors. The one possible way of failing is by having one thing not work out after which not studying from these errors and [applying what you learned] the following time. You hear numerous success tales from entrepreneurs everywhere in the world. They failed miserably numerous occasions. That solely fed their starvation to study from their errors.
Lastly, it’s essential that folks give numerous consideration to age. Personally, individuals say he’s too younger to do that, or he in all probability received’t have the ability to do it. In actuality, age is only a quantity. It’s an idea that doesn’t actually exist. It’s by no means too early or too late to pursue no matter you wish to pursue in life. After you have a ardour you want to have the ability to go for it. It’s all you. Life goes to kick you again 100 occasions, however you must get again up. Age is only a quantity. There’s nothing stopping you. And I believe that goes each methods. Some individuals really feel like they’re too previous in life to start out doing what they love and that’s not true in any respect.
Wharton World Youth: One factor I prefer to ask all of the entrepreneurs we interview on Way forward for the Enterprise World is in case you might change one factor on the planet, what would it not be?
Camilo: I actually want individuals had been extra educated about different cultures. If individuals spent extra time attempting to place themselves within the footwear of others and attempt to perceive the place individuals come from, we’d all be interconnected on a really deep stage of understanding. If all of us tried to see one another’s positions in life, we’d reside in an entire totally different world. There can be extra peace and foolish arguments can be much less distinguished on the planet. If we actually made an effort to know one another, we might join in ways in which we simply don’t see proper now as a result of we’re all so divided. Many of the issues that we now have in America and on the planet are out of ignorance, ignorance from not listening to the opposite aspect out of satisfaction. Fixing all these issues begins from residence and from an schooling and an atmosphere that helps you see all sides of the whole lot.
Wharton World Youth: We prefer to wrap up with our lightning spherical. Please attempt to reply these as rapidly as potential.
What’s your favourite rising enterprise pattern?
Camilo: Robin Hood [a mobile app and website that lets people invest in stocks and other securities].
Wharton World Youth: One services or products that simply makes you smile?
Camilo: There’s this one man in Switzerland whose enterprise is that he goes round Switzerland and he seems for locations the place there have been sprayed indicators or messages of hatred, and he cleans them, washes them off. Every time I consider that man it makes me very glad.
Wharton World Youth: A expertise innovation that simply blows your thoughts.
Camilo: It’s not there but, however the mapping of the mind and really understanding the place consciousness comes from. Surprisingly, we don’t know the place consciousness comes from. I believe that’s tremendous fascinating.
Wharton World Youth: The enterprise individual you’d most like to ask to lunch and why?
Camilo: Luis Carlos Sarmiento, a Colombian banker. He has had such a huge impact in Colombia. He grew up with 12 siblings and he must stroll three hours to high school each single morning. This can be a man that basically got here from nothing and proper now he employs tens of hundreds of individuals in Colombia. Reasonably than asking him how he obtained to the place he’s, I might like to study how one can prolong your attain to assist others, which is a superb emphasis of his.
Wharton World Youth: Thanks, Camilo, for becoming a member of us on Way forward for the Enterprise World.
Camilo: Thanks for having me. I hope that every one of you’ll be able to study from my experiences and my views and this will help you in your personal conditions.
Why does Camilo Saiz really feel compelled to assist college students in Bogota, Colombia?
How did Camilo start to generate extra income from his lemonade stand? Why do you assume this labored? Do you agree together with his method? Why or why not?
Camilo Saiz says, “Many of the issues that we now have in America and on the planet are out of ignorance, ignorance from not listening to the opposite aspect.” How doesn’t listening to others make us ignorant? Have you ever lived in a couple of nation? If that’s the case, have you ever skilled this ignorance? How have you ever realized from others’ views?