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Entrepreneurship Ideas Fort Smith Public Schools Melinda Briscoe, Northside High School Judy Smith, Southside High School.

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Presentation on theme: "Entrepreneurship Ideas Fort Smith Public Schools Melinda Briscoe, Northside High School Judy Smith, Southside High School."— Presentation transcript:

1 Entrepreneurship Ideas Fort Smith Public Schools Melinda Briscoe, Northside High School Judy Smith, Southside High School

2 Business Plan Competition Chamber of Commerce Innovation & Entrepreneurship Center University of Arkansas at Fort Smith Fort Smith Public Schools Purpose: To promote and encourage entrepreneurship in local schools in order to enhance entrepreneurship in the community

3 Business Plan Competition Weekly goals Rough drafts Last week of October Revisions Complete by Thanksgiving break Business plan presentations 1 st week of December Businesses are loaned: $350 if sole proprietorship $500 if partnership Business results presentations Mid-April

4 Running the Business December to April Required: Enterprise Management II Weekly goals What you plan to do What you actually accomplished Weekly reports Sales Financials

5 Running the Business Present businesses ideas to community Rotary Club January Chamber of Commerce Business Expo February or March School business fair or career days During lunch in December, January, &/or February Business Results Mid April Report on success and obstacles Awards and scholarship presentations

6 Teachers Learned……. No more than 2 partners/team Better to have students work in a partnership Keep student projects/plans Need more actual business partners to mentor students Allow time in class for students to work on plans Teach students how to keep accurate records

7 Students Learned……. It takes many contacts to make a sale Who you choose as a partner makes a difference Time is money Time management Failure does not mean the end Networking makes a difference Get phone numbers and e-mails of potential customers and follow up

8 What They Say About It……. ….., we learned to deal with failure…We have already faced the biggest element most people fear, now we are eagerly aiming for success.

9 What They Say About It……. The first thing I would do is choose better partners. Partners can be a big asset. But mine turned out to be a big disappointment.

10 What They Say About It……. ….., you can sit in a classroom and talk about the mechanics of launching a rocket for weeks on end, but until you actually go out there and light the fuse, you dont really know what launching a rocket is like.

11 Interested? Expect Trial and error learning Seek Community and administrative support Attend Business expos and related activities

12 Contact Information Melinda Briscoe, Northside High School mbriscoe@fortsmithschools.org Judy Smith, Southside High School jsmith1@fortsmithschools.org Craig Pair, Control Technologies Business partner cpair@controlt.com


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