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3rd Grade Kids In Business
Think entrepreneurship is only for adults? Meet the third graders from Mrs. Martin, Mrs. Wrenn, Miss. Hambright, and Mrs. Larkin’s classes!
Students in all divisions came to school this week prepared with their $2.50 in hand to purchase their Cavalier Seaside Snacks from 3rd Grade Kids in Business, a.k.a., The Ocean Commotion Company! The 3rd graders were responsible for everything from a business plan to calculating their profits for this annual project inspiring an entrepreneurial spirit, critical and creative thinking, fiscal responsibility, and the value of teamwork in each and every student.
The project relates to the IB unit 'Common Cents', which explores the concept that "People create economies to trade goods and services." Students examine questions such as: What is bartering? What are some ways we get money? What is a service? Why do we have money? What is a product? What is the difference between wants and needs? They are responsible, with the guidance of our third grade team of teachers, for every aspect of the Kids in Business process— from naming their business, creating a product, purchasing supplies, figuring profit/loss, to everything in between.
Students begin the three-week long process by brainstorming business possibilities. They create a product survey, using iPads to collect data, design and make prototypes, gain prototype feedback, brainstorm finance aspects of the project, design advertisements, purchase various materials and supplies, assemble the product, set-up their storefronts, and even make a commercial for their product! They borrow $25 from their parents for “start-up” costs. They visit Division Directors early in the process to seek “permission” to present their product to each respective division during a chapel or assembly, and approval to set up storefronts in the divisional common areas or outside the lunchrooms. Permission is not assumed and no detail is overlooked. Students learn to be fearless and confident while pitching their Seaside Snacks and showing their commercial in front of each division’s student body.
When the project wraps up they calculate profit and loss and reflect on the process. They pay parents back their investment, with interest, although many parents choose to gift the investment back to the business. The business donates any profits earned to their chosen recipient. This year, The Ocean Commotion Company chose St. Jude Children’s Research Hospital as the recipient of their profits.
When the project wraps up they calculate profit and loss and reflect on the process. They pay parents back their investment, with interest, although many parents choose to gift the investment back to the business. The business donates any profits earned to their chosen recipient. This year, The Ocean Commotion Company chose St. Jude Children’s Research Hospital as the recipient of their profits.
“I’m beyond proud of these students,” said 3rd grade teacher Marianne Martin. “They’ve worked extremely hard and gained a young entrepreneur’s view on how the business world works, how working as a team has great benefits, and how to help others outside of our CCES home.”
Click here to see more photos from Kids in Business.
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Production Day!
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Students present to a Middle School audience
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1,500 Cavalier Snacks are packaged and ready to be sold
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Kids in Business
Click above to see The Ocean Commotion Company’s commercial for Cavalier Seaside Snacks
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Christ Church Episcopal School (“CCES”) admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at CCES. CCES does not discriminate on the basis of sex, race, color, national or ethnic origin, creed, religion, or sexual orientation in the administration of its educational policies, admission policies, financial aid, scholarship or other programs, or athletic or other school-administered programs and activities.