They calculated the unit price and judging from the price and what they thought would be most popular, they narrowed the product list to about a dozen items. To be able to place their order they had to borrow money from their ‘banker’, Ms. Ellsworth. Once the product was in, they calculated a selling price and set up a cart store front. The 5th Grade Dollar General was open for business in the cafeteria during all lunches 2 days each week. Keegan said that he enjoyed learning how to count change.
Jaden said he thought “it was hard when there was a line of kids and they all had questions”.
Students were surprised after a flurry of business their first week that they still didn’t have enough to pay back their loan. After a couple of weeks the store did pay off the loan and made a profit!
Alexia said that she learned that “when something sells a lot, you can charge more”. The store taught the students many math and life lessons.
Elan felt this was “good experience on how to run a business”.
This could mean a budding crop of entrepreneurs coming from ONS.