We had a little bit of a late start this morning, and after a quick marketing exercise where groups of learners practiced designing and marketing a new type of candy bar, Sne and I worked with the learners in groups to go over their business plans. Many of them had filled out quite a bit of the business plan as homework (which was not required, mind you). There was still some confusion about the difference between startup costs and COGS, but overall more learners understood, and faster, than had been my experience last week. So I think going over the COGS vs. vs. fixed costs vs. startup costs over and over and over did help – in fact one group of girls got it exactly right on the first try, with no help from me.
So the business plans we had in our class were two hair salons, a car wash, selling paraffin, selling eggs, selling decorative glasses, and a fruit and vegetable stand. Some nice variety, and I really think a lot of these are achievable businesses for the learners, so maybe some will actually follow through and start up their business.
After a handful of Castles and soundly losing a bet, we went to a braai at Tshepo’s house for all the Babson and Stellenbosch volunteers. All in all, a most enjoyable final evening in Stellenbosch!
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