Posted on October 22, 2012
Imagine a store that has all your sporting goods and equipment and provides lessons in that sport too. That would be pretty awesome, right? That was the idea Nora Broderick, 10, of Northampton developed during a recent hour-long finance management workshop in Newtown Township.
Learning how to run a business was the objective for Junior Girl Scouts in the fourth- to fifth-grade category.
Under the guiding hand of Zalig H. Stein, a CPA from Huntingdon Valley, and other CPAs, Nora was among 70 girls who recently had a chance to reach for the stars at St. Andrew Youth Ministries in Newtown Township.
First the girls had to think individually of a business they wanted to start and the reasons for doing so. Next came setting hours, promotions, commercials, listing goods and services, business names, locations, how to advertise and convince investors that their business would be better than competitors'.
Nora suggested her store offering lessons in various sports would set her business apart.
Stein agreed. “Know everything you can about the business,” he told the girls. “Read about it and research it.”
In the end, each of the Scouts took the podium in front of the group to outline their plans. Many decided on opening in New York, though that brought a frown from Stein.
“Before running they have to walk or they will fall on their face,” he later said. “You have to grow a business.”
Suggestions were made for the Scouts to start out mowing lawns and baby-sitting so a sense of business can develop.
To read more go to: http://www.phillyburbs.com/news/local/courier_times_news/money-money/article_f8ec5912-fb25-512f-b7e6-9aa6adefa4f4.html#user-comment-area
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