Year 10 Enterprise Studies Market Day

Putting Business theory into practice

Our Year 10 Enterprise Studies students had a chance to put their learning of running a business into practice, when small groups of students came together in the Jack Paine Centre last week to present their goods and services to fellow Middle School students.

A Commerce Department initiative, the students formed their own small businesses, culminating in a chance to sell their wares and show a profit. Working in teams, ideas were worked through, costs estimated, goods purchased and then marketing started in earnest to ensure the goods would sell well on Market Day.

For a limited amount of time, students brought and sold goods with the aim of developing a great product and selling it with profit margins fluctuating. From the well-presented cupcakes and doughnuts, to American hotdogs, Mexican nachos and tacos, ice creams and dumplings, the Middle School ‘clients’ had a wide variety of food to choose from.

As in previous year’s, Market Day included a service aspect, with 30% of all profit raised by the four classes being donated to the Himalayan Trust, with a focus of the funds going towards the earthquake relief in Nepal. This year’s receiving charity has special significance to the Teacher in Charge of Enterprise Studies, Mr David Graham, who had just returned from Nepal just days before the first earthquake hit Nepal.

The Himalayan Trust is closely involved in providing aid to the townships of the Khunde and Khumjung, communities where Mr Graham and Year 13 student, Isabella Ching, spent a significant amount of time during their Youth to Everest Trek.

This is a very practical experience and one that students thoroughly enjoy while learning the key aspects of business, management, marketing and accounting skills. Twenty one business groups took part in the popular entrepreneurial venture with the second Market Day to be held on 2 September.