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T.C. Williams Entrepreneurship Students Win $10,000 in National Competition

T.C. Williams High School Entrepreneurship Students won $10,000 from a Business Challenge Competition through Price Waterhouse Coopers LLP last week. The class worked in teams of five for three months on a role-play competition which involved a written proposal and a video presentation. Employees of Price Waterhouse Coopers also mentored the students by visiting the class four times and working with the student teams over a two-month period. The TV Production 2 class at T.C., under the direction of Vilma Zefran, worked with the Entrepreneur teams to produce each team's video as part of the competition.

This was the first year that Price Waterhouse Coopers LLP offered the Business Challenge Competition; T.C. Williams is one of 12 high schools throughout the country that participated in the competition. The challenge is part of the company's new initiative to spend $160 million in financial contributions and service hours in support of education over the next five years.

Before the competition began in October, Entrepreneur Teacher Mary Ellen McCormick was invited to participate in a three-day Business and Financial Responsibly Conference at Wharton, sponsored and paid for by Price Waterhouse Coopers. The event brought together 150 educators from across the United States to learn from Wharton professors and company executives on topics such as leadership and financial literacy.

The class will be awarded $10,000 this winter to use toward financial literacy in the students' class, school and community. McCormick plans to take the Entrepreneur students to New York City for an overnight trip in the spring. The students will tour Wall Street, the Museum of Money and, with help from class entrepreneur mentor Rick Toren, will be able to enter and tour the New York Stock Exchange.

The Entrepreneur students also are in the initial stages of planning and running a financial literacy program called the "Reality Store," to be held at the George Washington Middle School Campus.

Entrepreneurship is a one-year class in which T.C. Williams students in 11th and 12th grades may enroll. Students learn the components of running a small business and complete a Business Plan while in class. The students also run the Titan School Store, work with and compete with The Network for Teaching Entrepreneurship Education (NFTE) and DECA, an international association of marketing students.