- Real Estate
- Paris Flash
Thirty-six sixth grade students in Debb Fleming’s Socrates at Crockett Intermediate spent the last six weeks learning how to start and run a business. Their program began by taking a tour of the Red River Region Business incubator and attending a lecture on how to develop a business plan. The also learned about pricing, pro forma budgeting and market analysis.
After visiting the incubator, the students spent six weeks working individual and in teams coming up with the products and services they would sell as well as creating displays to attract business. This culminated in a 3 hour market that was created in the Crockett Intermediate School cafeteria on Wednesday where the students could display and sell their products to the different classes.
A wide array of products ranging for Spongebob Wii games to jewelry made from old baseball competed for students’ left over lunch money. “Try my cookies,” one student said, “they taste like pancakes and syrup and macadamia nuts!”
The students were evaluated on their presence, product, display and enthusiasm, but at the end of the day it was all about the money. “I made $46 dollars!” said one young lady.
Team “This is Me” consisting of Jocelyn Ting and Sidney Walter (pictured above) was judged overall best entreprenuers for selling duct tape flowers and artistic bookmarks. “We have so many orders we have asked if we can sell them again at Christmas.” Ting said. As the winner of the business startup competition, Lamar National Bank gave the winners $50 and a new savings account. “It is great to see the enthusiasm these kids bring starting a business. This is the American entrepreneurial spirit working in the young people that will serve them well,” said Michael Rhodes, president of Lamar National.
Debb Fleming noted, “It is exciting to see the fifth graders come in to see this. You can already see their wheels turning about what business they will start when they become sixth graders. It’s a lot of fun and these kids are really creative.”