FRESHMAN STUDENT BUSINESS DONATES PROFITS TO FRIENDS OF THE HOMELESS OF THE SOUTH SHORE
33 first-year students who arrived at Babson in January 2011 launched The One Bottle, a student business that is a part of the required Foundations of Management and Entrepreneurship (FME) course.
The student business sold The One Bottle, a durable 20 ounce water bottle that is equipped with a metal ball that makes blending available on the go.
The business earned a profit of $1645.67, which it donated to Friends of the Homeless of the South Shore.
The students are part of Babson’s January enrollment option, called G.A.P. (Grow. Achieve. Prepare.). G.A.P. allows students to explore and pursue their passions by participating in a "gap semester" in the fall, while still allowing them to stay on track to complete their college degrees in four years.
These students have the same academic experience as those who enter in September, including this special section of Babson’s signature FME course, which starts in the spring semester. They continue FME and their other coursework through the Summer Sessions. This month, they will have completed their first year of studies and begin their sophomore year in September with the rest of their classmates.
FME is a 7-credit, yearlong immersion into the world of business in which student teams invent, develop, launch, manage, and liquidate a business. Along the way, students study entrepreneurship, marketing, accounting, organizational behavior, information systems, and operations. The College provides up to $3,000 as startup money for these student businesses.
Each team donates 180 hours, along with all profits, to a local community service agency of its choice. Since 1999, more than $398,000 has been donated by FME businesses to local charities. In the spring 2011 semester, FME businesses contributed more than $23,000 in charitable donations.
By Nancy Sullivan, firstname.lastname@example.org, 781-239-4623 | 08/30/2011 07:17