Presentation on theme: "DATER GATOR CAFÉ KING A S TUDENT E NTERPRISE P ROGRAM An Interactive Approach to Teaching."— Presentation transcript:
DATER GATOR CAFÉ KING A S TUDENT E NTERPRISE P ROGRAM An Interactive Approach to Teaching
A PRODUCT OF THE UNIVERSITY OF CINCINNATI ECONOMICS CENTER Program is currently serving 6800 students in the greater Cincinnati area and 39 schools. Housed in the College of Business on the UC campus Student Enterprise (StEP) Targets urban environment- distills economics into – LIFE IS ABOUT CHOICES AND CHOICES HAVE CONSEQUENCES Director- Dr. Val Krugh
W HAT IS S TUDENT E NTERPRISE ? The Student Enterprise Program (StEP) engages students and teachers in the design and operation of a functioning market economy in their schools. In StEP, students create a miniature society that mirrors the real world; they form their own government, develop student-run businesses, earn, spend, and save school based currency. Taken from the Student Enterprise page of the Economics Center Web Site. The Center is part of the University of Cincinnati.
W HY U SE A S TUDENT E NTERPRISE P ROGRAM ? It is an engaging way to exceed the ODE benchmarks for economics and financial literacy. It enables students to apply learning from other curricular areas in a real life experience. It exposes students to unfamiliar career choices and helps them experience early their vocational likes and dislikes. It integrates other academic areas such as writing, mathematics and reading.
Economics – ODE Benchmark Students use economic reasoning skills and knowledge of major economic concepts, issues and systems in order to make informed choices as producers, consumers, savers, investors, workers and citizens in an interdependent world. By the end of the K-2 program: A. Explain how the scarcity of resources requires people to make choices to satisfy their wants. B. Distinguish between goods and services and explain how people can be both buyers and sellers of goods and services. C. Explain ways that people may obtain goods and services By the end of the 3-5 program: A. Explain the opportunity costs involved in the allocation of scarce productive resources. B. Explain why entrepreneurship, capital goods, technology, specialization and division of labor are important in the production of goods and services. C. Explain how competition affects producers and consumers in a market economy and why specialization facilitates trade. By the end of the 6-8 program: A. Explain how the endowment and development of productive resources affect economic decisions and global interactions. B. Explain why trade occurs and how historical patterns of trade have contributed to global interdependence. C. Identify connections between government policies and the Economy.
WHY A COFFEE SHOP ? This entrepreneurial effort monopolized on a few existent facts: Second to oil, coffee is the most traded commodity in the world. Global connections/ free trade organic Parents and teachers like coffee. In many elementary schools, parents arrive early with their children. Teachers are also at the school early in the morning.
M ORE REASONS ? Provided an opportunity to invite community partners into the school Provided an opportunity to interview non-profit agencies Provided students with a letter of recommendation to be used when securing their first job Involved parents in the supervisory role- parents poured the hot coffee into pump pots. The shop is self-serve.
Before we got started we had to learn about running a business so during the month of September we went to lessons every day B EFORE THE BUSINESS
P REPARING THE B USINESS 1. Introduction:What is an Entrepreneur? 2. Learning to spot Opportunities. 3. Entrepreneur Interview questions 4. Entrepreneur visit 5. What's your mark? 6. Designing Marketing Tools 7. Reviewing a Business Plan 8. Developing a Business plan 9. Ready to Launch Business 10. Visit from Entrepreneur 11. Scheduling 12. Products 13. Set-UP
INTERVIEWS STUDENTS COMPLETED A JOB APPLICATION COMMUNITY MEMBERS- BANKING AND UNIVERSITY EMPLOYEES- INTERVIEWED THE STUDENTS DECISIONS WERE MADE BY THE INTERVIEWERS AS TO WHOM WAS BEST FOR MANAGERIAL POSITIONS
G RAND O PENING IN O CTOBER On October 5 th, 2009, The Café King opened in our temporary location: Daters Parent Resource Room. We definitely made a profit.
T HE F INANCIAL G ROUP We are an important part of our business. We keep track of the profit we make each month.We usually make a lot of money from about $130-$400.
A VERAGE D AILY S ALES Before the move: $20.78 Total net sales from Oct thru April is $1735.52 After the move: $25.18
A DVERTISING /P ROMOTIONS Every great business needs to be advertised. Thats where we come in. We make signs and flyers, hold raffles and make sure people know about The Café King. Our Advertising Manager Sam (below).
S EVEN H ILLS C OFFEE Our advertising manager, Sam, got us connected with Seven Hills Coffee, and they have been our primary supplier of coffee for some time now. We have sold their coffee in cups and, for promotions, in 1LB bags.
I NVENTORY FOR THE B IG M OVE Taking inventory during the big move was very important because we needed to make sure that when we came to the new school we knew what items we had in stock Even if we did lose something we would know what it is so we could replace it.
1 POUND BAG SALES Students sold 1 pound bags of coffee during the holidays for persons to purchase as gifts. After the holidays, the demand remained high for the coffee and students continued sales during the remainder of the school year.
NON PROFIT CONNECTIONS Proceeds were used to fund a local non- profit of the students choice. Students interviewed the representatives from three non-profits. The representatives were not prepared for the intensity of the interviews The students voted on which of the interviewed organizations would receive their $200 donation.
T HE REMAINING MONEY Used to purchase coffee for this school year. Students changed the name of the coffee shop this year to: Palaazo de Café Students plan to celebrate International Education Week and donate 25 cents of every cup sold during the week of November 15 through19 Each day a different company will be highlighted (Sumatra, Kenya, Columbia, etc.) At the end of the week, students will also
OTHER INCOME: STUDENTS WILL BE RENTING TABLE SPACE TO A VARIETY OF GRADE LEVELS WHO WANT TO FUNDRAISE FIELD TRIPS, ETC. IDEAS- ARTWORK, JEWELRY, CHRISTMAS ITEMS LOCATION, LOCATION, LOCATION!!!
FINAL THOUGHTS THERE WERE NO LOSERS IN THIS VENTURE PARENTS LOVED THE PROGRAM TEACHERS LOVED THE PROGRAM IT WAS A HIGH VISIBILITY PROGRAM PROVIDED STUDENTS WITH A REAL WORLD OPPORTUNITY MANAGERS- WHAT WAS THE HARDEST PART OF YOUR JOB? WHEN PEOPLE DIDNT DO THEIR JOBS- HOW TRUE
NEED MORE INFORMATION? DR. VAL KRUGH email@example.com 513-556-2949 Economics Center University of Cincinnati 90 West Daniels Cincinnati, OH 45221-0223