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We Make You BuyBy Karen, grade 7Edited by Mrs. Monita Leavitt, Project Explore Teacher
Last year, they started out by competing in an online stock market game sponsored by a local newspaper. After ten weeks of studying what makes a successful business and listening to speakers share how they ran their businesses, the students were ready to apply what they had learned to their own. Step 1: Brainstorms for BusinessFirst the kids brainstormed what kind of products they would like to sell. Some looked through magazines to get ideas; others thought of crafts they enjoyed making or services they could perform at school; others decided to use technology to create their product. They believed students would buy something they needed, and if students didn’t need what was being sold, it was up to the businesses to get them to want it. The seventh graders ended up with a wide range of products to sell.
Step 2: Researching The Product
The kids thought about how much their products would cost to make and priced them a little higher to make a profit. Then they developed a survey, which was given out in study halls that asked for feedback from students in sixth, seventh, and eighth grades. The survey offered a choice of product names, prices, and colors, and asked if the students were willing to buy such products. The Beadie Buddies group met with ten students representing each of the grade levels. They gave each student a free sample to put on their backpacks as a thank you for participating and learned that free advertising helped their sales. Step 3: Managing the BusinessAfter the surveys were in, the groups analyzed the results and made final decisions. Then the companies began. There were many important decisions to be made in each business, and each business was run differently. Many of the groups found that having partners helped. The Beadie Buddies group recruited friends during lunches or study halls to help make their product. One student decided to re-sell a product and ordered key chains from a company over the telephone, while some kids learned different software programs and how to use the scanner. All of the groups had to be sure they had enough of their product in stock, but they also had to figure out how to display their products. Most of the groups made big show boards or decorated a display box that they placed in the school store. Then, they each chose a few lunch and recess periods to sell their products, making sure they weren’t in competition with each other. One final decision made by each group was how to donate their profits. Everyone researched both local and global places that would benefit from their donations, then made their final decisions. Step 4: Problem Solving
Step 5: EvaluationsWhen each group had completely finished their project, they were given a survey to complete to determine how successful they were in their business venture. What did they learn?
The most important part of the project was that, overall, everyone had a ton of fun. It really brought real life situations into classrooms and helped everyone learn about the business world. |
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Revised: March 02, 2005.
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