PORT CHARLOTTE — In a new twist on homework, students at Charlotte Preparatory School have been working with mentors and faculty recently to create a business plan for establishing the “Phin Shop,” a new student-led school store.
After months of research, the group of future business leaders proposed their plan in a “fast-pitch” presentation to faculty and created a business strategy where they could be mentored as they implement earned-income plans and track their progress.
The school’s mascot is Phin the dolphin. A pilot program was started last August and a temporary makeshift store offered a limited selection of merchandise while students learned how to outsource products through local vendors, earning a 40% profit.
Nicole Maugeri, director of development at Charlotte Preparatory School, said the school was selected to participate in the Margin & Mission Ignition, an initiative of the The Patterson Foundation.
Through this initiative, Charlotte Preparatory School will work with the foundation over a 30-month process. The students have created a three-year plan in which the profit amount grows each year.
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