At Garnet Mesa Elementary, Mrs. Theobald's third grade class participated in a "New Business Fair" at the end of a four-week social studies economics unit called Money Matters. The unit focuses on the Colorado state standards and is based upon the new curriculum and its priority outcomes.
After weeks of lessons about producers, consumers, currency, income, profit, goods, services, incentives and resources, the students worked with partners to create a short-term financial goal.
The next step was to identify the kinds of jobs children can do to earn money and to brainstorm other sources of income. Partners then had to decide upon the business, choose a personal, philanthropic, or entrepreneurial goal for that business that was $100 or less, and mathematically calculate the best wage or price to enhance consumers and still accomplish their goal. A written plan was then created which gave specific information about their business. Students also had to design a logo, create a slogan, and produce an advertising poster. The 10 businesses were Sparkling Car Wash, LJ Pet Sitting, Jump-In, Papa's Cookies, The Walking Dog, Romo's Cartoons & More, BR Nice Jewelry, Ezra & Mya's Ice Cream Stand, Nail Art, and Logan & Ian's Lawning.
Business members from the community, the principal and literacy coaches were invited to judge the businesses during the fair. A criteria checksheet was used by the judges to help them score each business. This checksheet was also used to guide the students during the unit. The judges' scores were later added up by the teacher and ribbons were presented to the top three businesses. The entire class worked diligently as they were excited and engaged in this process. Here's what the community entrepreneurs had to say about their experience with this project and these young people:
I am so pleased to see that the idea of "business" and the thought process was truly challenged. What a wonderful group of children with innovative ideas.
I would hire these students to come work for me in an instant!
White Tie Entertainment
... such a clever, creative school/classroom activity! It was so much fun to be asked to come and judge. The kids not only did a great job on their assignment, but were so polite and friendly, and that wins business!
Mary Kay skin care
A very thorough presentation. It was colorful, intuitive, and entertaining. All children gave incredible effort, and I am proud to have been included in this workshop.
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