Kathy OReilly invited us to learn about the Business Management Junior Acievement Class at Gloucester High in which students create a business plan and create a corporation from start to finish.
This class follows a Junior Achievement curriculum and is written to offer our students a curriculum which is rich in writing, math, communication and computer skills. The curriculum disposes these students to actively engage in critical thinking and self-accountability. This semester our class ran their our own business called “Good Morning Mugs” from capitalization to liquidation. Our mission is to learn about important business components necessary in building a business and to give our proceeds to a local non-profit organization or as a scholarship. The unique part about this semester’s class is that we applied for a loan from Cape Ann Savings Bank in order to purchase our materials (inventory) for production and sale. Our class submitted our business plan and application which was approved by Mr. Harold Rogers, President of Cape Ann Savings Bank in Gloucester. Mr. Rogers presented it to his board before the approval was made. I would love to give credit to Mr. Rogers/Cape Ann Savings for their contribution to our business and to recognize their involvement as well as advertise the importance of what this class offers our students here at the high school. I would also love to give credit to Mr. Bruce Horne and Mr. Andrew Rae from Gorton’s Seafood who come in weekly during the fall semester to encourage and mentor us in our business. They are highly dedicated in serving the community and we appreciate their time and efforts.
Each student is required to hand in an annual report which requires the following information: title page, Table of Contents, shareholder letter, Cape Ann Savings Bank Loan Application, Invoice, marketing flyer, business plan, production plan layout, balance sheet statement, Sources and Uses of Funds financial statement, 2 financial graphs showing income sources and uses of funds, shareholder list, employee sales chart, Syllabus, and officer comments. The shareholder letter will be distributed to their shareholders (along with their 13% return on their investment dividend) upon the conclusion of the class. Please see features of our class by going to www.ghsja.webs.com for more information and pictures from www.goodmorningmugs.webs.com.