To help young students become good entrepreneurs, a two day training on starting a business and managing the business was conducted at the Mountain Province General Comprehensive High School.
Twenty-eight members of the YECS organization (YOUTH ENTREPRENEUR AND COOPERATIVISM IN SCHOOL) joined the school based activity on September 10-11, 2010.
On the First day, Mrs. Helen P. Tabcao, TLE Department Head, gave an overview about the YECS program of the department of education. She stressed that the ultimate aim of the program was to alleviate poverty in the country by encouraging the youth to engage in productive business endeavors.
Mr. Joel Fagsao and Mrs. Mabel Banggawan, both from the Department of Trade and Industry, introduced and facilitated the BEST game. The game gave participants the opportunity to experience the effects of their business decisions in a simulated business environment. They experienced how to make maximum profit at the end of the month. they experienced to manufacture their own products and sold at the market. The YECS members were also made to encounter many kinds of buyers, some of whom made many orders but later on they cancelled these. Some groups even experienced to be bankrupt.
On the second day, Mrs. Hazel Balokey, TLE teacher, talked about business planning. She underlined the importance of planning as well as the pointers to consider when making a business plan. The SWOT( Strength, Weaknesses, opportunities and Threats) analysis in making a business plan was also stressed.
Three Students who attended the National Go Negosyo activity also added to the prior discussion.
Crisha Nelle Santos discussed the importance of “magnetizing” the customers to sustain the business.
Ivy Joy Chaokas and Charlene Villanueva shared on “San Makikita ang Kita”. They said that it was only by seeing the INVISIBLE and doing the IMPOSSIBLE that one becomes an entrepreneur.
As final output to the activity, the participants were asked to come up with business plans which they will put into operation later. The implementation of the business plans in school will be monitored.