This week, students in Mrs. Livingston’s entrepreneurship class got a taste of what the hit reality show “Shark Tank” is like for its contestants.
Students spent the semester working on business plan projects. They imagined their own business ideas, conducted market research, and factored in things like taxes, wages, code compliance, and patents in order to form a complete vision and projection for their business. Then, it was time to take it to the “sharks.”
Entrepreneurship students pitched their plans to Dallas-area businessmen and women in a “Shark Tank”-like setting and received feedback based on their proposals. Though the project itself was challenging, students understood the significance of this opportunity.
One of the participating “sharks” was alum Victoria Knight ’12, who was in Mrs. Livingston’s economics class during her time at ESD. It originally started as a venture project in the economics courses, but once the new entrepreneurship class was established last year, Mrs. Livingston moved the assignment over, sensing the business plan project would fit more with that curriculum. Ms. Knight also spoke to the entrepreneurship students earlier this semester about how she used her economics business plan project as a springboard for her current company.
"The skills and strategic thinking honed from this project allow for easy utilization in the real world, outside of school classrooms and grades," said Mrs. Livingston. "I continue to be impressed by the students' work and am grateful to the sharks who help bring this experience to life."
Well done to all students who presented, and a big thank you to all participating investors and “sharks!”