Posters and advertisements cover the hallways as students prepare for the Entrepreneur Fair. Utilizing the techniques and skills they have learned in economics, students hope to make a profit while providing a product to the consumer in the Ground Zero courtyard, April 3.
Entering its seventh year, the Entrepreneur Fair developed from the ideas of Robert Foshee, economics teacher. Since its debut, Foshee has refined and expanded the fair.
?I want the students to be able to see on a small scale what an entrepreneur goes through in the real world,? Foshee said. ?The success of the students and their products depends if they have a product that meets the needs of the consumer, whether it is an entertainment or classroom need.?
Products for fair include soap products, guitar picks and handles, duct tape wallets and different types of foods.
?We took a survey and most people taking the survey said they?ll probably buy our t-shirts,? Michael Raymer, ?09, said. ?We?ll beat out the other products because we are going to make a larger profit.?
Raymer and his partner, Matthew Andreatta, ?09, will sell their t-shirts for $10 in white and $12 in black and make additional orders if they run out.
?After posting fliers everywhere, Matt and I wore our shirts during school,? Raymer said “We have already received 30 responses saying that they will buy our t-shirts.
Throughout the semester, students have worked through different steps with their products such as advertisements, creation of prototypes, and working in focus groups.
“Our product is jello with whip cream and fruit,” Nova Konstantia, ’08, said. “It is easy to make and doesn’t cost a lot of money to produce,”
With her partner, Anita Rahman, ’08, Konstantia plans to sell the jello for $1 per bowl.
“Usually I make the jello with cream cheese but when I asked people if they like cream cheese they said they never heard of it but that they wanted whip cream so we replaced the cream cheese with whip cream,” Konstantia said. “Compared to the other foods, our product is not as expensive so we will beat the competition.”
After the fair, the economics class will discuss investments and the stock market.