Because of his success and what he's learned while running Premium Steam, Jenkins plans to get a master's degree in entrepreneurship and continue working for himself as long as he can.

He noticed plenty of unkempt boats in his neighborhood and capitalized on the opportunity to clean them. Other entrepreneurs have done the same thing with other ideas and tips learned through programs such as the one at the college Thursday.

"You really have to believe in what you're doing and just do what it takes to get it done," said Erin Olsen, who runs multiple companies out of her home. She said the risks are worth it if you gain experience along the way. After working at nearly 30 jobs, Olsen knows what it means to take a chance on something.

In addition to the summit, Young Entrepreneurs of America participates in various career fairs and classroom discussions throughout the year, helping young business students brainstorm.

"It's about exposure and letting them see if entrepreneurship is right for them," Acord said. The best advice he gives students looking to open a business is to not be afraid of failure. "Keep it simple and keep it going."

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E-mail: wleonard@desnews.com