Students learn positive financial habits through business program

Students of École Mother Teresa School learned business basics by participating in a number of hands-on activities last Tuesday

Students of École Mother Teresa School learned business basics by participating in a number of hands-on activities last Tuesday, all to help prepare them for the working world.

Junior Achievement Southern Alberta regional programs have been in place for 50 years, with various programs running throughout the school year.

The programs target students in Grades 5 through 12, and build upon one another with the aim of making students financially responsible.

Business Basics: Our Business World is taught to Grade 5 students, and through hands-on activities aims to teach them various business skills such as creating and organizing a business plan, business management, resume writing and interviewing skills.

Gregg Broks is a volunteer business teacher for the program and teaches business principles to students by using examples of businesses such as hot dog vendors. He said it’s important that students learn how to market their own businesses with tools such as social media, word-of-mouth communication and print.

“The students learn how easy it is to make money with having your own business,” he said. “It motivates them to explore new options.”

Broks said he enjoys helping children understand how business impacts community, and said they can begin working at an age as young as 12 years old. He’s frequently impressed by how quickly they grasp the concepts of business and entrepreneurship.

“They love the idea, and it opens up a whole world of opportunities to start a business,” he said.

A particular favourite activity among many students centres around pen assembly production, according to program co-ordinator Marie Litwinski. In the activity, students experience the difference between assembling pens through unit production as opposed to in an assembly line.

“They love the challenge of putting together the pens,” said Litwinski. “They like the race and competition. It seems to be the highlight from the program.”

Litwinski said the program’s main purpose is to give students a basic knowledge of what’s required in the workforce, and to inform them at an early age of future business opportunities.

“It’s a good overview to the business world — getting out there, entrepreneurship and how to get out in the workforce,” she said.

Starting at a young age, she feels, will reap many benefits for them in the long run.

“It may not all stick and it may not make the most sense right now, but at least it gets them thinking of those basic skills and building on for the future,” she said. “I think introducing it now is a great idea — it’s getting them prepared for when they do get out into real life, and it’s work-readiness skills.”

Litwinski said the program’s content directly corresponds with students’ intellectual levels and abilities, and is supported by examples of early entrepreneurship such as babysitting and lawn mowing.

Through such endeavours, young workers are faced with the choice of either spending or saving their money earned, and Litwinski wants students to understand the nature of making such decisions, and the implications that may result from them.

“It’s about getting those ideas instilled in them now if they do make a bit of money,” she said, adding the program also benefits students in many other ways. “It’s a good supplement to their math courses, and in high school, it’s a good supplement to their career and life management courses.”

 

Just Posted

WATCH: Sylvan Lake celebrates 1913 Days

Many lined the streets and participated in the many events around 1913 Days

Central Alberta Buccaneers pillage Vandals 64-19

Bucs’ notch second win of the season convincingly

Central Alberta Humane Society presents cat yoga

Proceeds will be used to care for the shelter animals

Exciting singing opportunities await with Choirs Red Deer

A new opportunity for those who love to sing will soon be available in Red Deer

Country star Aaron Pritchett set to hit Westerner Days

Pritchett performs July 18th on the Centrium mainstage

Canada won’t ‘play politics’ on U.S. migrant children policy

The U.S. government is under fire over its ”zero tolerance” policy

Late goal gives England 2-1 win over Tunisia

At the last World Cup in 2014, England couldn’t even win a game

Canadian military police officer pleads not guilty to sex assault

Sgt. Kevin MacIntyre, 48, entered his plea today at a court martial proceeding in Halifax

Three junior hockey players injured starting campfire

Ryan Vandervlis, a 20-year old centre with Lethbridge Hurricanes has been placed in a medically induced coma

Cheers erupt as Federal Court judge approves historic gay purge settlement

Gay military veterans said they were interrogated, harassed and spied on because of their sexuality

Major tire theft at Wetaskiwin auto dealership

Wetaskiwin RCMP estimated $70,000 worth of tires and rims stolen

Capitals coach resigns after Stanley Cup win

Barry Trotz announced his resignation on Monday

Leduc RCMP investigate small plane crash

No injuries after plane crashes in lake

Sweden beats South Korea 1-0

Sweden gets benefit of video review in World Cup

Most Read