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Young entrepreneurs show business success

January 24, 2013
By J.T. Whitehouse , Town Crier

Canfield High School business students are gaining knowledge of the business world by becoming a part of it. Two business ventures at the high school have brought rewards in the form of money, success and most important - knowledge.

At last week's Canfield School Board meeting, CHS juniors Austin Leonard, Taylor Gorski and Katelyn Baltes gave a presentation on how well their business ventures have done since the start of school.

Both the Spirit Wear and the Cardinal Cafe are part of the Introduction to Business classes taught by Sherry Creighton. By combining with Junior Achievement, the classes have been able to form real businesses so students can experience a real-life lesson.

Article Photos

Photo by J.T. Whitehouse, Town Crier
Canfield High School juniors Austin Leonard, Katelyn Baltes, and Taylor Gorski show off the top-selling items in their Spirit Wear line, which were two of many products the JA business sells at CHS.

Both businesses start with the students selling stocks at $2 each to other students in the school. Those students become shareholders in the companies. Once the revenue is gathered from the stock sales, the business can get started on product lines and advertising.

The Cardinal Cafe sets up in the cafeteria in the morning, offering coffee and breakfast snacks like doughnuts and bagels. Students can come early and enjoy a quick breakfast before the start of school.

"We had to buy a cash register and do some storefront enhancements," said Cardinal Cafe President Katelyn Baltes.

She said so far this year the cafe has brought in $1,856.07 in total sales. Those who work the cafe get a small wage and the shareholders get interest on their stocks. The cafe operates and brings in revenue from which the business contributes to the Canfield Community Chest, a Canfield business scholarship, and to the CHS Principal's Fund.

CHS Principal John Tullio said, "I plan to use the CHS Principal's Fund donations to set up a permanent area in the cafeteria for the business to make it a better program."

On the Spirit Wear side, the company is run in a similar fashion with finding products, selling shares, purchasing and taking orders. Co-president of Spirit Wear Taylor Gorski said the top sellers were the bling shirt and the pullover. He said the sales for his company hit $15,040.77 with 625 items sold. Like the cafe, the Spirit Wear business will also pay dividends, salaries and will make donations.

Creighton said this is the third year for the Junior Acheivement program in the CHS Introduction to Business class. She was impressed with this year's business models and the three juniors who led their companies to success, namely Baltes, Gorski and Austin Leonard.

"If it weren't for these three individuals, we wouldn't have done as well as we did," she said.

The companies are liquidated at the end of the course and the profit is divided up between the payroll, paying the dividends, then donating any excess money to worthy causes. Then the cycle begins all over again.

In the end, the CHS students in Creighton's classes run the entire gamut of creating and liquidating a real working business. They gain valuable knowledge along the way as Baltes found out.

"We learned in class that 20 percent of the people do 80 percent of the work," she said. "At first I didn't pay it too much mind, but it is true."

 
 

 

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