My Entrepreneurship Story

A little more than a year ago, I took managerial accounting at my local community college while I was still in highs school and we did a really cool project that was completely ran by the students. We set up a coffee shop on the lobby of our building and 3 students would run it for 30 minute intervals until noon. We had two long tables, a register, a menu, coffee, donuts, fruits and snacks. The whole idea of this was to actually put to the test some of the concepts we learned in class. The students belonged to 1 out of 4 teams, accounting, marketing, inventory or scheduling. Each team had about 7 people and within each team there was a leader. Over all we voted on a “CEO” and if anything went wrong or if we ran into a problem, that’s who we will contact. Each team had their own responsibility but the overall objective was to make a profit. Inventory was in charge of going to our local Sams and buying what we were going to sell, as well as keeping inventory. Accounting came up with the budget and did our financial statement at the end of the project. Marketing made sure the college knew what we were doing so student would come and buy from us. And scheduling was in charge of assigning times and making us t-shirts as our uniforms. We accomplished a lot of things in the month and a half that we ran this. We made over $1,000 in profit, our marketing team got us a photo op and we were on the from page of our local newspaper. In addition, all the money we made went to a scholarship which the students in my class created and a local high school student perusing a degree in accounting won the money. It was a really cool experience and we honestly learned a lot. If I miss anything about community college is definitely the small classes, which provided us with the opportunity to do hands on activities like this. I honestly enrolled in this class because I needed 4 more credits to be full time. But I have a feeling Im going to enjoy this class and actually learn something different. All other classes I've taken are mechanical, in the sense that you learn how something is done and there is only one way to do it. This class seems like is all about our experience and teaching us something about ourselves and its honestly refreshing to have a teacher with a totally different way of teaching who views success so differently.

(That's actually me with the extended arm)