LINN-MAR SCHOOL STOREOPENING FALL 2014

BACKGROUND

• RETAIL STORE EMBEDDED INTO A CLASS, BEGINNING SPRING 2014

• 4TH QUARTER ONLY, ONE CLASS

• CO-TAUGHT BY BRENT HENRY & COREY BRINKMEYER

• WITH ADDITIONAL ASSISTANCE FROM DANA LAMPE, KATHY LARSON, BILL HOEFLE

• WILL SERVE AS THE BUSINESS DEPARTMENT’S CAPSTONE CLASS

• ENABLING STUDENTS TO SHOW/MODEL WHAT THEY’VE LEARNED IN OUR CLASSES

ANTICIPATED PRODUCTS• LICENSED-BRANDED APPAREL

• NIKE, UNDER ARMOUR, ADIDAS, COLUMBIA, NORTH FACE

• ACTIVITY-SPECIFIC TSHIRTS & APPAREL

• CAMELBAK WATER BOTTLES

• COFFEE TUMBLERS

• BLANKETS & STADIUM SEATS

• LETTERMAN JACKETS

• SCHOOL SUPPLIES

INITIAL CLASS

• DEVELOP THE BUSINESS PLAN

• DECIDE ON THE STORE’S NAME AND BRANDING

• DO MARKET RESEARCH WITH STUDENTS AND COMMUNITY

• DETERMINE PRODUCT MIX

• DEVELOP ONGOING RELATIONSHIPS WITH VENDORS

• MAKE DECISIONS ABOUT STRUCTURE, RULES, START-UP PURCHASES

SUMMER 2014

• BEGIN PURCHASING

• EQUIPMENT & FIXTURES

• PRODUCT TO BE SOLD

• IF PHYSICAL LOCATION IS AVAILABLE (SECTION OF UPPER COMMONS)

• BEGIN STORE LAYOUT, DECORATION

• BE READY TO SELL DURING REGISTRATION PERIOD

CLASSES STARTING NEXT FALL• CLASS FORMAT CHANGED TO A SEMESTER

• STUDENTS DETERMINED BY PREVIOUS BUSINESS CLASSES TAKEN, APPLICATION PROCESS

• ASSUMING A PHYSICAL LOCATION IS AVAILABLE

• DETERMINE STAFFING NEEDS & RESPONSIBILITIES, HOURS OF OPERATION, DAYS OF OPERATION

• BEGIN BETA-TESTING ONLINE IN ADDITION TO THE BRICK & MORTAR STORE

STUDENT BENEFITS• VALUABLE WORK EXPERIENCE, EARNING CREDIT

• NETWORKING

• CUSTOMER SERVICE

• MERCHANDISING & PROMOTIONS…STUDENTS WHO HAVE FOLLOWED THE MARKETING/ENTREPRENEURSHIP TRACK

• ACCOUNTING & FINANCIAL REPORTING…STUDENTS WHO HAVE FOLLOWED THE ACCOUNTING TRACK

• ENHANCE DECISION-MAKING SKILLS

• ENHANCE PROBLEM-SOLVING AND CRITICAL-THINKING SKILLS

LOCATIONS TO USE AS A GUIDE• HIGH SCHOOLS

• CR WASHINGTON

• CR PRAIRIE

• LOCAL SMALL COLLEGES

• KIRKWOOD

• MT. MERCY

• CORNELL

• COE?

• OTHER

• DES MOINES DOWLING

FUNDING INITIAL EXPENSES• YET TO BE DETERMINED

• OPTIONS WE POTENTIALLY PLAN ON EXPLORING

• HIGH SCHOOL BUSINESS DEPARTMENT

• JEFF SET ASIDE SOME MONEY THIS YEAR FOR US

• FOUNDATION

• BOOSTER CLUB

• KICKSTARTER.COM

OBTAINING EQUIPMENT• PURCHASE POS SYSTEM & ASSOCIATED ACCESSORIES

• IPAD, CC SCANNER, REGISTER, RECEIPT PRINTER

• RECYCLE FIXTURES FROM LOCAL RETAILERS

• JILL ACKERMAN, MARION CHAMBER OF COMMERCE

• VENDOR-SPECIFIC DISPLAYS & FIXTURES

• CUSTOM-BUILT DISPLAYS

• INDUSTRIAL TECH DEPARTMENT

• OTHER OPTIONS

• CRAIGSLIST, GOING OUT OF BUSINESS SALES, GARAGE SALES/AUCTIONS

FUTURE PLANS• WITH HIGH SCHOOL CONSTRUCTION PLANS IN THE WORKS

• BUILD-TO-DESIRE SPACE

• WORK WITH CLUBS, TEAMS, ORGANIZATIONS

• CREATE T-SHIRT DESIGNS

• MARKET AND SELL SHIRTS

• DEVELOP A PROFIT-SHARING AGREEMENT

• WITH SUCCESS, LONG-TERM

• USE PROFITS TO CREATE A SCHOLARSHIP FOR STUDENTS WHO GO TO COLLEGE & MAJOR IN BUSINESS

• PURCHASE A MOBILE RETAIL CART TO ENABLE SALES AT EVENTS

LINN-MAR SCHOOL STOREQUESTIONS???