VEI Orientation Webinar

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    Program Orientation Webinar

    Thursday, August 1st

    2013Presented by Nick Chapman

    [email protected]

    122 Amsterdam Ave. New York, NY 10023 Phone: 212-769-2710www.veinternational.org

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    What is Virtual Enterprises International?

    VEI is an in school entrepreneurship program Students learn business by doing business

    Classes are firms that do business virtually with

    other firms across the U.S. and internationally

    Approx. 500 firms nationally and 5,000 firms internationally

    The VEI approach emphasizes learning in four key areas:

    1. Ownership: Students take responsibility for their own learning.

    2. Experiential: Students learning is authentic and realistic.3. Cooperative: Students learn with and from others and understand

    the dynamics of working as part of a team.

    4. Reflective: Students experience the consequences of their

    decisions and apply that learning to future challenges.

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    Program Links

    www.veinternational.org

    National website

    www.veinternational.org/about/

    Videos & background information

    www.veinternational.org/resources/

    Links to all resources for students and teachers

    http://www.veinternational.org/http://www.veinternational.org/about/http://www.veinternational.org/resources/http://www.veinternational.org/resources/http://www.veinternational.org/about/http://www.veinternational.org/
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    Where we are

    0

    500

    1000

    1500

    Argentina

    Australia

    Austria

    Belgium

    Brazil

    Bulgaria

    Canada

    China

    Cze

    chRepublic

    Denmark

    Finland

    France

    Germany

    G

    reatBritain

    Italy

    Lithuania

    Luxembourg

    Malaysia

    Netherlands

    Norway

    Poland

    Romania

    Slov

    akRepublic

    Slovenia

    Spain

    Sweden

    Switzerland

    S

    VEI/Practice Firms by Country

    Map of all VE schools in the United States (source: http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390)

    http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390http://batchgeo.com/map/eaaa2350282d188b8208b037b8304390
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    VEI Regional OfficesVEI National Office

    Iris BlancNational Director

    [email protected]

    Deni Frand

    External Relations

    [email protected]

    Tyler Fugazzie

    Digital Communications

    [email protected]

    Western

    Nancy Phillips

    [email protected]

    South

    Chris Haff

    [email protected]

    Long Island

    Ellen Palazzo

    [email protected]

    Irv Wortman

    [email protected]

    Northeast

    Kathy Gielow

    [email protected]

    Mid-Atlantic

    Rhonda Doak

    [email protected]

    Midwest

    Cindy Boyd

    [email protected]

    New York City

    John Jastremski

    [email protected]

    Nick [email protected]

    College Network

    Kristen Callahan

    [email protected]

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    Basics of the VEI Model

    What do firms sell? Everything!

    Who is the Target Market?

    VEI Employees (students) and other VEI Firms What makes it all work?

    The US Network Bank links all firms in the US

    Networked to all international banking systems The online bank works exactly like your personal

    online banking system

    Direct deposit, automatic payments, electronic data

    Products:

    ApparelElectronics

    Food

    Sporting Goods

    Furniture

    Services:

    AdvertisingFinancial services

    Adventure tours

    App developers

    Legal services

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    The Role of the Facilitator

    Moving from sage on the stage to

    guide on the side

    VEI is a student-centered approach

    Emphasis on project-based, collaborative learning

    Primary responsibility to facilitate and direct

    student learning

    NOT to deliver a prescribed daily lesson

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    Role of a Business Partner

    Business partners are an essential element ofthe VEI program

    Connecting students with adults and classrooms

    with the real world of business Partners provide guidance, resources,

    opportunities and advocacy

    Opportunities may include:

    Site visits, job shadowing, mentoring, work samples

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    What does a VEI firm do?

    Research

    Plan

    Present

    Implement

    Evaluate

    Report

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    Pacing Guide

    A sequential guide to help teachers manage firm

    operations

    Aligned to Curriculum Tasks and available resources

    Pacing Guide will be available on the curriculum page

    http://veinternational.org/curriculum/

    Name of Task Reference to Curriculum

    Task

    Available Resources

    Write the firms Mission Statement ADMIN Task 8 Sample mission statements

    Establish procedures for managing

    the firms bank account

    ACCOUNTING Task 10 US Network Bank User Guide

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    Curriculum

    Task based curriculum

    Available online

    Organized by departmentOrientation

    Accounting & Finance

    Administration

    Communications

    Human Resources

    Graphics

    Information Technology

    Purchasing

    Sales & Marketing

    NOTE:

    All Curriculum and Resources

    are password protected.

    Please contact your regional

    director for access.

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    Resources

    Website

    VEI Portal

    US Network Bank Wholesale Marketplace

    US and International Firm Directories

    Reference Files

    http://www.veinternational.org/http://www.veinternational.org/
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    The VEI Classroom

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    The VEI Classroom

    An office instead of a classroom

    Networked computer workstations

    Workgroup clusters of furniture

    Conference table and chairs

    Telephone, Printer, Fax/Copier/Scanner

    Filing cabinets

    Microsoft Office Suite or suitable alternative

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    The Business Plan

    Every firm is required to write a comprehensivebusiness plan Outlining the goals and objectives of the firm

    Regions conduct local BP Competitions Contact your regional director for details

    Winning teams qualify for the National BusinessPlan Competition in NYC during the YouthBusiness Summit Held in April 2014

    Written and Oral Rubrics can be found on the

    VEI website

    Reference Files

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    E-commerce Website

    All firms should have an e-commerce website Provides information about the firm & program

    Product/Service descriptions & pictures

    Online shopping cart utility or ordering procedure

    Mals E-Commerce is very popular among VE firms(www.mals-e.com)

    There are many template-based programs fordesigning simple, yet effective, websites Google Sites, Weebly, Wix, etc.

    Introducing the Better Business Rating Similar to star ratings on Amazon.com

    Based on ease of use, customer relations, turnaroundtime, etc

    http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/http://www.mals-e.com/
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    Trade Shows

    Contact your regional director for information on your local trade show

    Visit veinternational.org for a list of all trade shows

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    2014 Youth Business Summit NYCApril 1-3, 2014

    National Business Plan Competition

    Global Business Challenge

    International Trade Show

    veinternational.org/youth-business-summit/

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    The Annual Report

    Summarize and report on the firms operationsover the Fiscal Year1. What did you say you were going to do in your

    Business Plan?

    2. What actually happened?3. Explain the differences.

    Why were you successful?

    Why werentyou successful?

    What did you learn from the experience? Preparation of Firm Financial Statements

    Income Statement

    Balance Sheet

    Cash Flow Statement

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    Assessment & Evaluation

    Pre/Post Assessments

    Economics Exam

    VEI Technical Assessment

    NOCTI Test Code 7975

    Student & Teacher Surveys Pre/Post

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    VEI and the Scientific Method

    Can we make this business profitable?

    Hypothesis = Sales & Expense Projections

    Cash BudgetThe Business Plan

    Implement the Business Plan

    website, trade shows, etcAccounting sales journal, bank data

    The Annual Report!

    Learn about the industry and marketplac

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    The Student Experience

    91% of VEI students plan to attend college

    next year either full- or part-time

    66% of VEI students are minorities

    90% of VEI students feel the program successfully prepared them to

    interview for a job and how to behave in a professional situation

    The opportunities here are tremendous.

    You find yourself, your abilities, your future

    and your desires solely from this one

    program. If only I could stock-market-style

    invest in it!Jeffrey Grinberg

    Francis Lewis High School, Class of 2012

    Binghamton University, Class of 2016

    The VE experience is different than any

    other class in the fact that it is not sugar

    coated. What you receive from the program

    is real, and can help you make decisions

    with what you want to do after school.Kelvin Vick

    East Wake High School, Class of 2012

    University of North Carolina, Class of 2016

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    Questions & Answers

    For more information:

    Nick Chapman NYC Program [email protected]

    Iris Blanc National Director

    iblanc@veinternational org