Mini Mall Tips

I wanted to send a few tips for preparation of Mini Mall. On Friday morning, students do NOT need to bring their backpacks to school (they will not be necessary since Mini Mall lasts almost the ENTIRE day). For each booth, the students will need a "cash box". This can be a reused shoe box or other place that money can be stored throughout the day. Also, groups are going to want to have some "start up money" in their cash box for the first few groups that come to shop at their booth. We suggest about ten dollars in bills/ coins (depending on how much they are charging for their items). At the start of sales, I will personally go around to each booth and record how much money they are starting with in their cash boxes so we can be sure to pay them back at the end of the day. Just to be clear, money loaned for the cash box to start the day (approx. $10), WILL BE RETURNED at the end of the sales day. We will be meeting in the cafeteria instead of the classroom on Friday morning to set up booths starting at 7:30am and assist students in finding their sales spot. We are SOOO pumped for Mini Mall and look forward to a REWARDING day! Thanks in advance!

Mini-Mall

Mini – Mall Economics Project

Summary

A successful business takes a lot of planning and research. Understanding a market, then providing a service or product (on a limited budget) to meet the need of that market are benchmarks for success. This project will give each student a unique opportunity to experience the business world while incorporating math, writing, economics, and cooperative learning.

Objectives	Due Date
Introduce activity	March 27
Group Members and product submitted to teacher to be approved	April 1
Design a product or service and create a prototype or visual of the product	April 5
Create Budget	April 8
Fill out and turn in Loan Application	April 12
Develop ad campaign (create signs/create & rehearse commercial)	April 15 – April 19
Morning Show Commercial will be taped (be prepared)	April 22 – April 26
Posters due for ad campaign	April 29
Commercials will air on the Morning Show on the week of April 29****	April 29 – May 3
Conduct your business during Mini Mall	May 3
Chart profits/losses and complete evaluation	May 3 – May 10

****Machines are NOT permitted at Mini Mall due to the Hillsborough County Safety Guidelines. This includes: crock pots, fondue machines, popcorn machine, snow cone machine, blender, microwave, etc. Foods needing any of these machines need to be prepared at home ahead of time. Please see your teacher if you are unsure if you can use a machinenotlisted above.

In order to give the students a real life experience, we are allowing each business to borrow an amount, not to exceed $40.00 to berepaid with verification of receipts at the conclusion of the business day. They may borrow from a parent, use their savings, or the 5^thgrade fund. Each business will fill outONEloan application and haveONEco-signer (an adult).

We ask that you help keep the expenses to $40.00 to be fair to all students.

The profits that the students make will be donated to the Universal Studios Reward Trip Fund.

In lieu of cash profit payouts, awards will be given out for different categories such as:most creative, most items sold best booth, most profit earned, etc.

Each business will incur “business expenses”. They are as follows:

1.     Rental of booth - $1.00OR $2.00 with electricity

2.     Advertising fee - $1.00 for two12 inch by 18 inchsigns and a commercial on the Morning Show. Signs must be approved by the teacher andcannotbe posted prior to Monday, April 29th. Signscannotbe taped to any painted surface.

3.     10% tax on profit

4.     Materials and supplies – with creativity you can keep this to a minimum

 

It's Been A While...

With all of the craziness of the end of the year, I have been so busy with no time to update my posts. My apologies....Here's what we've been up to 

Mini Mall 2011

Mother's Day Gift

Working on our Mother's Day gift

One more coat of paint is all it needs, buddy!

Look at that concentration!