Your school / afterschool site is invited to participate in the
Sponsored By:
When:
Saturday, Dec. 3, 2016, 12:30 p.m. to 4:30 p.m.
Where:
Outside on the Lawn, Owensboro Convention Center
Why:
In Celebration of the entrepreneurial spirit and creativity of our young
people
Who:
· All elementary schools / afterschool locations (4th or 5th grade) within the three school
systems in Daviess County as well as community organizations are invited to
participate in the event (Daviess County, Owensboro Public, Owensboro Catholic)
· The event is open to a maximum of 15 teams with 5 students, one advisor (teacher /
after school personnel) and one coach (parent or other volunteer).
Participating students must be in either the 4th or 5th grades.
· Our goal is to have one team per school / afterschool location; however, if room
becomes available, multiple teams from one school location will be considered.
· Entry into the event will be taken on a first come, first serve basis. Please note, that
only in the event all 15 spots not be taken, then multiple teams from one location will
be considered. If you would like, you may go ahead and register multiple teams and
note which one that you definitely would like in the competition
· Each participating team must have two adults per team, preferably a teacher and a
parent (but it can be two teachers if needed). On the actual day of the event, Dec. 3, we
will only allow two adults to be on site to work with their teams. All teams and
sponsors must commit to stay for the duration of the event (12:30 p.m. to 4:30 p.m.)
Event set-up will be from 11:30 to 12:30 that day.
· The business plan application link is provided in this informational document.
· Junior Achievement will communicate with the finalized teams on Monday, Nov. 14
(or earlier as we receive applications for the event).
o JA will provide tools and tips to all participating teams that can be used to
ensure that the students’ Hot Chocolate stands are a success!
How the Event Works – Ground Rules
· Teams are charged with selling their product (hot chocolate) to the public. The
production of the product and varieties of the product will be at the students’
discretion. Students will also be responsible for the marketing we well as determining
the price point for their product(s).
o Please note, that even if beginning change is donated, it is NOT considered
income and should be deducted from the final sales for the day.
o Also note, that even if supplies (hot chocolate, cups, spoons, decorations, etc.) are
donated for the event, those supplies should still be factored into your income
statement for the day as an expense. The expense should be noted at fair market
value. We want to be sure that the event is fair for ALL teams that participate!
· This year it is the event’s intention and request that every team’s net profit will go to
supporting that school’s Family Resource Center.
· Each team of 5 will be given a location, table and hot water. Student teams must
provide all other supplies needed for the event (hot chocolate, cups, table decorations,
change, etc.). Please note that electricity will not be available, but we will have a way
to keep the water hot!
· Teams are encouraged to adjust their strategies throughout the day to remain
competitive with other teams (for example, potentially needing to adjust prices, adjust
marketing strategies, etc.).
· The most important rule of the day: HAVE FUN!
Prizes
· At the conclusion of the event, two prizes will be awarded:
o One prize will be awarded for the most creative marketing strategy for their Hot
Chocolate Table/Stand. Students are encouraged to decorate their table and
“think outside of the box” to market their product!
o The other prize will be awarded to the team with the most profit for the day!
Teams will be required to submit a simple report outlining all income and
expenses that were incurred prior to the event as well as their figure at the
conclusion of the event. (Remember, donated supplies and decorations as well as
any donated change MUST be reflected as an expense to make the competition
fair for all teams!)
o
For each of these two prizes, the classroom teacher / afterschool coordinator will
win a $100 gift card for their room, and an extra $250 will be awarded to the
winning teams profit to help the school’s Family Resource Center. Every student
of the school will receive a card for one free happy meal from McDonalds. This is
to fully reward any efforts at the school level that go beyond the five members of
the team in assisting the school with their success.
Event Goals
· Develop a culture of entrepreneurship in the Greater Owensboro region by giving
community youth an opportunity to develop, market and sell a product;
· Develop an innovative competition that rewards initiative and creativity and teaches
business fundamentals;
· Encourage community youth to dream big, take risks, and create opportunities for
themselves and their peers; and
· Allow area youth, parents, and citizens to participate in a fun, uplifting experience that
brings us together as a community!
Hot Chocolate Challenge Business Plan Application
The application this year is available online. You may use the following link to access the
online hot chocolate challenge business application (Let me know if you cannot use this
link to complete the form):
http://form.jotformpro.com/form/52768139917974
Hot Chocolate Stand Check List
This is a list of the minimum items that will be needed at the day of the event. Sponsors, please sign off that
you acknowledge that the student teams will need these supplies for the event. It is up to each team to
determine how supplies will be purchases (seeking sponsorships (parents/fellow students/teachers),
purchasing their own supplies, getting supplies donated, or seeking initial investors in their company):
o Plenty of hot chocolate
o Lots of Cups
o Any other method, should you choose, to keep the beverage warm – Please note that hot water
will be provided, but electricity will not be available.
o Stirring spoons and/or coffee stirrers
o Chairs for workers, and if you choose, your customers
o Advertising / Marketing / Table Decorations
o Camera / Phone to capture the FUN!
o Your cost of supply information. Junior Achievement will provide a template for you to use to
provide that information. Remember, a prize will be awarded to the team with the most profit,
and a copy of the cost of supplies will be needed!
Questions: Contact Desiree Tucker with JA at (270) 684-7291 or through
email at [email protected]