G.R. Hampton students learn what it takes to run a business
By Bobbie Poynter
G.R. Hampton Elementary 5th and 6th grade science classes hosted the school’s fourth annual E-Discovery Day Thursday in the school’s gym. The “E” in this case stands for entrepreneur.
“The idea is for the children to learn what it takes to make money,” said teacher Lori Baker, who took the original training class for the program. “They have to apply what they’ve learned in several of their classes in order to be successful in their business.
The children begin by coming up with the idea for a business they will operate, what items they will sell, service they will perform, and/or game they will offer to the other students.
The 37 fifth grade and 41 sixth grade students broke up into teams to create their business. This year’s businesses included everything from homemade baked goods, candies and crafts sales, to games. The whole idea is for the teams to make a profit. After returning the $15 seed money each team was given to start their business, the net profits will go towards class trips in the spring.
“The students get to apply the rules of economics by running their own business and being their own boss,” said Baker. “They’re learning how to be responsible with money by determining how much everything in their business, both advertising and production, costs and how much they will have to charge their customers in order to make a profit.”