2nd Annual Entreprenuership Contest at MDY
The 2nd Annual Entrepreneur-ship Contest took place at Magen David Yeshivah High School recently. The contest was coordinated by instructors Mr. Joseph Naftaly and Mr. Daniel Kamelhar, who conduct the entrepreneurship classes for 10th graders. This class enables students to get an early start on business careers by preparing them to take on the challenges of an ever-changing economy.
Students from the 10th grade entrepreneurship classes were divided into groups; each group was directed to use their creativity to develop a business plan that they thought would be a success. In the business plan the students were required to explain why they felt their product would sell and how they intended to contend with their competition. In addition, students had to evaluate the financial aspects of their enterprise including variable costs, fixed costs and operating costs.