The Profit Club – Young Entrepreneurs Learning Business Skills Part 1

I had the privilege of teaching and leading a group of twelve boys in 4th and 5th grade in the first semester of the school year.  They go to a private Christian school and they have the option to select a club as an elective class held twice a month for 40 minutes.  They can choose from a variety of clubs – Fitness, Robotics, Technology, Crafts, Profit, Drama, and Chorus.  The boys and girls pick the club that interests them and they participate for a whole semester.  It is a wonderful way to provide them with an alternate way to learn and apply what they are learning.  The group leaders are parents or teachers that volunteer their time to share their passion and expertise.

The Profit Club gives me the opportunity to teach business skills to these young students.   Each semester, we start with the basics.  They transform their desks into a conference table and the classroom becomes a conference room.  The ruler becomes a talking stick and they must have the ruler to speak and avoid two people talking at once.  They learn to have an agenda or they do not have a meeting.  Brainstorming becomes their favorite agenda item.  Presenting their ideas back to the decision maker (school Principal) is a welcomed task.  They know the objectives of the club before they select which one to join and we go over them at each meeting.  The objective of the profit club is to:

  1. Learn about Pricing
  2. Pick a product or service
  3. Help others – “Be a Prophet” – donate to missions

Of course, they learned a whole lot more and I think I learned as much as them or possibly more.  This past semester consisted of 6 total 40 minute meetings and them running a school store that sold healthy snacks.  They were open for 27 days for 20 minutes before school.  They invested 5.4 hours of time and made a profit.