Virtual Business Gives Students Real-Life Lessons

Daily Herald (Arlington Heights, IL), January 27, 2017 | Go to article overview

Virtual Business Gives Students Real-Life Lessons


Byline: Madhu Krishnamurthy mkrishnamurthy@dailyherald.com

Some Cary-Grove High School students learning real-world business skills through a virtual entrepreneurship class will compete in a national competition this spring.

Students will pitch their business concept for a website selling virtual home furnishings and accessories to a panel of judges at Virtual Enterprises International's National Business Plan Competition April 3-5 in New York City. They are among the top 28 teams from high schools nationwide representing the best and brightest student leaders and budding entrepreneurs, according to the organization's website.

In December, Cary-Grove's "Auggies" team placed second in VEI's 2016 Illinois Business Plan Competition at Northern Illinois University in DeKalb making it a national finalist. The only other suburban team to make it is Elmwood Park High School.

Students not only have to write a business plan but also create a website with a product line, advertising and promotional materials and produce financial statements.

"The whole idea behind the class is to give students an idea of what the business world is like," said junior Matt Ahmann, 17, who wants to study business finance and become an entrepreneur like his parents, who own an adoption agency in Crystal Lake.

Matt said his role as Auggies' vice president of sales mostly has been learning how to deal with co-workers and making deals with other firms. …

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