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Twenty-eight students at Thomas A. Stewart Secondary School (TASSS) hosted a shareholder meeting as part of their curriculum held on Friday afternoon to start and sell their businesses for profit.
Several roles were bid on by students to claim within entrepreneurship, including production, human resources, health and safety, and marketing. Photo by Samantha Bianco.
Students were tasked with becoming entrepreneurs by starting and running a business, assigned throughout the semester by TASSS business teacher Blaine White. Junior Achievement of Northern and Eastern Ontario (JA-NEO) partnered with the program by providing weekly advice to guest speakers.
“At the beginning of the semester, we teach students about business planning and then have them start their own business,” explains White. “They are responsible for all production, all marketing, all sales, and all finances.”
“Young people will have the opportunity to learn and experience skilled trades and entrepreneurship.y JA-NEO President and CEO John McNutt said: “All have expert guidance and support from across our community.”
TASSS students had to arrange their own shareholder meetings, including speeches, presentations, media and public reports. Photo by Samantha Bianco.
Students founded Encombase Eco, a company that created an eco-friendly fire starter, available for purchase at the Kawartha Buttertart Factory & Bakery.
The students held a final shareholder meeting, disclosing all earnings and share prices. According to White, they sold the business making a profit of more than 381% of his.
“It’s great for me to set standards and see students rise to the occasion,” he explained. I am happy to start my own business in our community, but I am proud of them.It has been developed in the last 5 months.”
According to 10th grader Aiden Budd, who was the company’s vice president of production, the students were excited to get hands-on education instead of just learning from textbooks.
“I have never experienced anything like this before. Textbooks are so boring, but now that I have the opportunity to do something like this, it feels great,” he exclaimed.
During the semester, students had to bid and campaign for roles within the company before starting a business. The students had to arrange their own shareholder meeting including speeches, presentations and reports before the media and the public. Although the whole process was challenging, it quickly became an unforgettable experience for the students.
“I know a lot of people were nervous about climbing here, but I actually had a lot of fun. I’m proud of myself and the team for doing a great job. Not many kids get the chance to do something like that, so I am very grateful to him for giving me the opportunity to run this business.”
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