Students start-up a company - with a real loan! - April 24, 2006

Record Number: 2387
Displayed from: Apr 24, 2006 , until: Apr 26, 2006

Some students at Anthis Career Center are going into business - literally! It's a unique program through which students in the Entrepreneur class will learn, first-hand, how to start a company. Recently, the students were divided into two teams, with each team writing a 12-page business plan for a company that will sell a product. But first, they need some operating funds! So each team made a presentation to Grabill Bank, Premier Auto and an individual investor in hopes of obtaining a loan. That was on April 18. These companies are giving the students a REAL loan! Investor Kel Preston said, I enjoyed the exchange with the students. These 'real life' settings are invaluable to the learning experience. Entrepreneur students will sign REAL loan papers at Grabill Bank, located at the Business Banking Center on 5217 Merchandise Dr. at 1 p.m. on Wednesday, April 26. Students will begin running their companies May 1. The companies will operate for one month with loan payments due weekly. At the end of the month the company with the most profit will win the challenge. To teach social responsibility, each company will be required to donate half of the profits to a student-selected charity. I felt that students should experience what it feels like to ask for a start-up loan, said instructor Karen Gillie. Students need to experience the work involved in starting a business and securing funding is a major factor. The Entrepreneur course at Anthis is a very hands-on course. This is a one-semester class for high school juniors and seniors in Allen County. The students study the aspects of starting a business as well as creative thinking and shadowing local entrepreneurs. Media are invited to this unique loan-signing event. The students will be giving a brief presentation of their business plans before they sign the papers. For more information contact Karen Gillie, teacher, at 467-1021.

With nearly 30,000 students, Fort Wayne Community Schools is one of the largest school districts in Indiana. FWCS proudly allows families to choose any of its 50 schools through its successful school-choice program creating diversity in each school, including some with more than 75 languages spoken. FWCS offers seven magnet schools focusing on areas such as science and math, communication, fine arts or Montessori at the elementary and middle school level. In high school, students can choose from the prestigious International Baccalaureate program, Project Lead the Way or New Tech Academy as well as other rigorous academic and specialty training programs.