With so many wonderful moments happening within our school walls each day, it can be difficult to share them all. Yet all of these stories, projects, and tiny triumphs are meaningful to our students, our faculty, and our families, and they deserve a spotlight.
That’s why I’m starting a new email series, Shining Example: A TQS Spotlight, to share more of these special moments with you – and our first story comes from grade 10’s Business Literacy 200 class.
These students recently came up with a new business concept: a TQS school store. But would it be a good idea? Would their schoolmates use it? And if so, what products would they want to purchase?
The Business Literacy students began their exploration by polling all TQS students. They learned about market research, designed surveys, distributed them via email, and then tabulated the results.
The surveys revealed an important business lesson: you are not your customer.
Students quickly learned that what their customers wanted in the store was not necessarily what those in the class wanted. They took these insights, analyzed the data, and developed conclusions. Then they researched pricing on each item, looking at unit costs to determine the most cost-effective sizes to purchase.
Once the students knew what they were going to sell, how much products would cost them, and how much they would charge, they designed marketing materials. Students wrote emails and created signs to promote the store’s grand opening. They created a work schedule, assigning two students to work in the store each letter day.
The store opened to great success. It has been tremendously popular with all TQS students, who stop in during set times of the school day to purchase cookies, chips, granola bars, juice, water bottles, and more.
Business literacy students are now counting their revenues, reconciling expenses against the original budget, and analyzing which items need to be reordered and in what quantities. (Gatorade and chocolate milk have been the most popular items so far, and students are learning how best to manage their inventory!)
These types of project-based learning experiences teach students math, finance, marketing, social, executive functioning, spreadsheet development, and research skills – yet they are so engaged they have no idea they are being taught lessons.
Congratulations to our Grade 10 Business Literacy 200 students on this successful endeavor. Today, they’re running a school store. Imagine how these skills will manifest in the future!