The Grizzly Store at the Delta Junior High School is not only doing quite well, but they’ve expanded their inventory to include student-made items.
The store, located in the junior high library, sells items to students that are functional, fun, and affordable. What started as a practical way to sell a few extra items – such as pens, pencils, note pads and school logo items – has evolved to something more than basic necessities.
Norm Cosgrove, Library Aide for the junior high and advocate of the Grizzly Store, volunteers his time and also oversees student workers when the store is open for business. When approached by a student wanting to sell her homemade bath bombs, Cosgrove said a new venue for the store was born.
“She learned to make bath bombs during a RYB (Rock Your Brain) class we had, and continued to make them for fun at home,” he said. Receiving approval from Jeff Lansing, DJHS principal, they came up with an Entrepreneur Questionnaire that students who wish to sell homemade items must complete, and be signed-off on, in order to sell their product at the Grizzly Store.
“We want students to learn, not just bring stuff,” Cosgrove said about the questionnaire. “They need help to understand the business process, the math involved and how to advertise their items.”
The questionnaire has the student describe their product, break down the cost of production, mark a selling price and project a return on their investment. The very last question is how their product will benefit the school community.
Once approved by Cosgrove and Lansing, the students are good to start selling. Students get to keep any profit that’s made from each sale, which is a motivating factor for some. One student makes her own stress relief putty, for example. After initial cost breakdown, ingredients and containers to carry them in, her selling price of $3 per item left her with $1.05 profit. That means it takes two thirds of her asking price to make and distribute her product.
A realistic business venture for any entrepreneur.