Mrs. Backman’s small business class is helping Martin Marklin, who is the owner of the local candle company Marklin Candle, design candles for the holiday season. Mr. Marklin creates one of a kind, hand-crafted beeswax candles. His most loyal customers are churches (he has even sold candles to the pope!), but now he wants to get his fellow community involved. Marklin’s idea is to help needy students in Hopkinton with items that they normally wouldn’t be able to afford with the proceeds from this project. This idea has been lingering in the entrepreneur’s head for months now, but he needed a group of students to help out. The group ended up being our high school’s small business class, taught by Mrs. Backman. The student’s duties are designing holiday candles, choosing a selling price and advertising the products. The only thing that Mr. Marklin is responsible for is making the student’s designs come to life. There have already been many prototypes and drafts of each candle. Two designs have already become official; the first, a candle with primarily red candy canes wrapped around the circumference of the candle. The other design is a green textured tree design with silver stars wrapped around the candle. Each candle will burn an estimated 105 hours. The candles will hit the shelves soon at Marklin Candle, so why not help out your fellow classmates and purchase a student designed, handcrafted beeswax candle? They make a great gift for Mom, Grandma or the special person in your life.
As you may know, the past small business projects were much more simple than this years candle theme. In the past the class has sold a variety of items, from duct tape flowers and wallets to slushies. This year the class gets to create something that has an actual demand on the market. Instead of learning business terms and ideas from a textbook, we get to learn them in sequence to this project. We have learned a giant mass of business vocabulary that, if learned in class, would take a month to learn. It is much more interesting and easier to learn that way than studying meaningless vocabulary definitions for a possible pop quiz; in small business working with Mr. Marklin, if you don’t understand the vocabulary you won’t understand how the candle business is run, so learning the material is much more essential.
Black Friday
by Caitlyn Madore
One of the most historic and anticipated shopping days of the year is just around the corner, the day after Thanksgiving, Black Friday. The official start of the holiday season. People across the United States start their day before dawn and wait in the bone chilling cold just to buy the newest and most sought after products of the season.
Major retailers offer massive discounts on an assortment of products; TVs, computers, clothing, toys, and more. People research weeks in advance, planning their attack; lists of stores to hit; products desired at each store in order of importance; and the gathering of teams to grab everything on the shopping list as quick as possible. It is all part of the Black Friday experience.
Now the name of this day may seem odd, but it was chosen with common sense. It was coined back in the nineteenth century when a retailer finally made enough income to break out of the red zone and into the black zone. In other words, a profit was finally made. This was when the by-hand accounting system was used. Red ink indicated a loss and black ink indicated a gain. Even though this system is no longer used, the legacy of Black Friday still lives on today.
One of the most historic and anticipated shopping days of the year is just around the corner, the day after Thanksgiving, Black Friday. The official start of the holiday season. People across the United States start their day before dawn and wait in the bone chilling cold just to buy the newest and most sought after products of the season.
Major retailers offer massive discounts on an assortment of products; TVs, computers, clothing, toys, and more. People research weeks in advance, planning their attack; lists of stores to hit; products desired at each store in order of importance; and the gathering of teams to grab everything on the shopping list as quick as possible. It is all part of the Black Friday experience.
Now the name of this day may seem odd, but it was chosen with common sense. It was coined back in the nineteenth century when a retailer finally made enough income to break out of the red zone and into the black zone. In other words, a profit was finally made. This was when the by-hand accounting system was used. Red ink indicated a loss and black ink indicated a gain. Even though this system is no longer used, the legacy of Black Friday still lives on today.
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