Quick Introduction
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Back to the FruithomeStudents in K-Business will start their own business, run it, work for it, sell for it, and, in early May, end their company, by going out of business and paying a profit or loss. Students will have regular meetings each Sunday 1500-1700, along with special meetings as needed.
Anyone can join. It doesn't matter if you had any experience in business or economics. You can also join whether you want to go into business someday or not. No prior experience or knowledge is needed. In K-Business, you will LEARN as you go. The more join, the more K-Business companies will form.
The business, like most large corporations in America, will sell stock. This will create a group of stockholders and raise the money. Students themselves will each own one share of stock, so that they will (along with the other stockholders) own the Company.
Students will come up with an idea for the company's product. The Company will sell its product or service. From these sales, of course, they must subtract various other costs, including salaries to its officers, wages to other workers, sponsor fees, commissions, and bonuses.
The Company will have a "Board of Directors" that will include all students who will vote on the major decisions, but the Company will elect a President (CEO) and other officers. These officers will run the Company in terms of making most decisions.
It happens! That's the risk stockholders take when they purchase stock. Of course, you might also make money (a profit) and return more than the stockholders invested. In addition, a company has a specific code of goals [the Code] and will go into "receivership" if it doesn't make specific goals
Dr. Dan serves as an ADVISOR. The students run the Company.
You get several things. First, you get your wages, salaries, etc.. and profits if the company makes money. Second, you get work experience, something very highly valued by American colleges. You also have an activity to list for you college application and for your letters of recommendation. Last but not least, it's FUN.