Monday, April 21, 2008

Oak Trace Elementary School - Kidtown


Creative Cookies, Inc.
Kidtown 2008
"Sugary Fun for Everyone"

Before I begin this post, allow me this one off topic comment...
Leave it to MY son to happily be on a team of ALL girls
and somehow end up managing the money...he's JUST like his father :)

OTES, 3rd grade, has an annual tradition of a large,
thematic economic unit which leads up to the SUPERBOWL
of third grade, Kidtown, where the entire school comes and
shops the businesses generated by the 3rd grade. They spend
MONTHS on this unit preparing for this big event. They devise
business plans, obtain business licenses, develop a product or a
service, do breakdown analysis, comparison shop, actually shop,
have business meetings, solicit investors among a myriad of other
unbelievable things for 9 year-olds to do. Anyways...they must
pay back their investors with interest and they have to calculate
start-up costs as well as projected earnings and EVERYTHING.
It is a really cool experience.

They drug ALL of the parents in for
a mandatory meeting and spent 90 minutes telling us all about it
and mostly emphasizing that our role was specifically to keep
our traps shut and stay completely OUT of our kids' mini-business
venture. They would succeed or fail on their own.

SO...Eli is on this team with a cracker-jack group
of little women and they develop their idea for
personalized sugar cookies (Eli's idea, his teacher had to jump
in a bail him out because the girls were just about to
cast their votes toward a manicure service. ELI ABOUT DIED!)
where they'd provide a frosted cookie product and then
have the consumer choose from a variety of sugary toppings.
It was a hit.

As a whole, the 3rd grade made HUGE amounts of money.
I don't think that there was one business that did NOT
make back what they started with. I know we were
paid back our investment with interest and the rest of the
earnings went to two things:

(I'm so proud of this) a few thousand dollars went to
a school in Mexico to buy supplies and help with improvements
to the school building. And the rest took all "business owners"
and their investors out to lunch at Outback Steakhouse,
where the restaurant was opened just for Oak Trace and
included a tour of the kitchens.

HE LOVED IT! He's my little entrepreneur anyways
but now that tendency in him is on overdrive.



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