BINGHAMTON (WBNG) — Some local college-bound high school seniors gained some real-world business experience Thursday morning in Binghamton.
As part of the New Visions Business Academy, the students were tasked with creating and running a business for roughly three months.
At the Koffman Southern Tier Incubator on Thursday, the students presented their business plan to local business leaders, instructors, and members of the Greater Binghamton Chamber of Commerce. They discussed their business model, finances, and the challenges they faced.
“This experience, the entire process, has been so educational. The actual real world financial situations I was put in is nothing like I’ve experienced before. So some of the struggles have really helped me grow and see what real business takes” said Binghamton High School senior Sage McCormick.
The students added that the struggles and challenges they faced were also valuable learning experiences.
“Today I stood up in front of around sixty people, very important people in our community as well, and I gave a speech, which is something I definitelt would not have been able to do three months ago. So, that’s just one thing this taught me” said Anthony Haykal, a senior at Vestal High School.
Their business is called Nvision. The students sold water bottles in school, as well as at craft fairs around our area. The water bottles contained a storage compartment, which was meant to hold things such as car keys or wallets.
The company turned in a net profit of $4,426.60, with $3,300 dollars of that profit being distributed to local charities, including Warmth for Winter, Life is Washable, Broome County Humane Society, Memory Maker Project and A Room to Heal.