For this week's Classroom-Close Up feature, we're stepping into the world of business at Edison Middle School, in Ms. Usha Iype's Entrepreneurship class.
Think "Shark Tank" for middle schoolers. Just like the INCubator program at the high school, this class challenges students to use the engineering design process to identify a problem and customer need – all with the ultimate goal of presenting a viable start-up plan to local stakeholders. Parent mentors and guest speakers are invited throughout the semester to share their expertise; whether in business, problem-solving, or just providing a fresh perspective. This is invaluable in helping our students develop their entrepreneurial skills.
In this week's class, students were testing their knowledge of business finances by calculating fixed and variable costs, profit and break-even points. After completing the worksheet, they moved on to applying their knowledge in an interactive game called Visa Financial Football to help teach financial concepts and money management skills.
In addition, two groups of students were working on their business product development. One group brought in samples of their lower sugar, higher protein brownies for their peers to taste test against their competitors. The students provided this group with valuable feedback via a Google Form. Another group practiced their business pitch with Assistant Principal Mr. Jim Zimmerman.
Ms. Iype's class is giving these students a real-world experience in entrepreneurship, teaching them valuable skills in business, finance, and product development, while sparking their creativity and problem-solving abilities.