REPORTING · 27th February 2015
The multipurpose room at Nechako Elementary School was bustling with business on Thursday, February 26th as the school held a program for young entrepreneurs. Around 40 students were running booths and selling items which they had created.
“They were responsible to design a product, make a product, market the product and then sell the product today,” said Vice Principal, Christine Goncalves. “There are many items. Really popular are the goo, duct tape wallets, soaps, dog treats.”
Each of the students took out a loan from their parents to purchase what they needed to make their project. They will pay their parents back this loan. The students set their prices.
“They will make them do that and that is a very valuable lesson,” said Goncalves. “Then whatever profits are made, the students will donate 10% to a charity of their choice.”
She hoped they would learn how hard it was to market and create a product and sell it. Some children were learning how hard it can be when no one is buying their product. Half way through the day, a number of items began to go on sale. On the other hand, by this point, at least one student had sold out of the product which they had made.
“I see a lot of pride in them as well,” said Goncalves. The students have been working on these projects since January.
The local credit union also helps out with this project as they come and talk to the class about business loans, having a business plan and what it means to own a business. Each of the students had to create a business plan as a part of their project.
“The goal is to know what that is because a lot of students may have that in mind, a lot of students may one day want to own a business,” said Goncalves.
Emily Burke-Smith is selling lucky bracelets, Saxon Peate has Dreamcatchers
Stress Balls, Stuffed Chickens, Dog Treats and bookmarks, the tables for Anna Derosier, Brady Carkner, Isabelle Moretti and Iris Striker had plenty of merchandise