The students presented their business plans to Fifth Third Bank employees at the Robbins Road branch as part of an economics lesson. Each “business” received a $20 grant from the bank.
The visit also coincided with the bank’s celebration of Fifth Third Day, May 3.
The school’s Market Day takes place May 26. Profits from Market Day will be donated to Casa de Esperanza, a Christian orphanage in Honduras.
As Fisher Campbell and his business partner, Andrew Brink, waited for their interview, they perused magazines in the bank’s lobby. The 11-year-olds plan to sell marshmallow rifles and pistols through their business called Super Shooters.
Brink said he enjoyed having the opportunity to visit the bank and pitch their business plan.
“It’s really cool because it’s sort of like we’re adults already,” he said.
Prior to visiting the bank, the students had to develop a business plan, which included looking at unit costs and considering how much to price their product in order to make a profit.
Campbell and Brink said it will cost them about $1.76 per pistol and $2.75 per rifle. To offset their costs, they plan to sell pistols for $4.75 and rifles for $6.50.
The growing popularity of fidget spinners gave Kaiya Betten, 11, the idea to make that her business. Through K’s Fantastic Fidget Spinners, Betten plans to sell spinners at $4 a piece. Since the spinners cost more than the $20 grant, Betten used money she had set aside from her own charitable giving account.
Betten said she was a little nervous going into the interview with bank employees, but she was also confident because she knew her costs and what she would say.
When Elyse Powell met with her interviewer, she presented him with a sample of her product — Chocolate Dream Brownies.
Powell, 10, said she was nervous, but she enjoyed the experience.
“It gets you ready for real-life experiences,” she said.