Newswise — Babson College freshmen earned more than $30,000 for charitable organizations this year while learning how to plan, launch, and manage a business.
All Babson freshmen, as part of the school's required full-year course Foundations of Management and Entrepreneurship (FME), are required to form teams, develop business plans, and then launch businesses. Each business receives up to $3000 in seed money from Babson. Students donate their profits to charity, and also perform volunteer work with the charities.
Student Business/Charity/Profit
Business: Pens 4 You -- high quality wooden pensCharity: Natick Community Organic Farm; SASS Nepal OrphanageProfit: $5,403
Business: Stick It -- designed and printed promotional print productsCharity: American Cancer SocietyProfit: $3860
Business: BobbleME -- picture frame bobbleheadsCharity: Boys and Girls Club of RoxburyProfit: $3,446
Business: Coffee Sleeves -- sold advertising space on coffee sleevesCharity: Habitat For HumanityProfit: $2,732
Business: Business Prep -- polo shirts, neckties, bracelets and necklacesCharity: Babson Bernon Center volunteer service officeProfit: $2,686
Business: College Kicks -- animal shaped slippers with customized collegiate logosCharity: Harvard Square MealsProfit: $2,425
Business: Fresh Scents -- customized hanging air freshenersCharity: Juvenile DiabetesProfit: $1,973 Business: Envy Attire -- T-shirts and sweatshirtsCharity: Special Olympics of Mass.Profit: $1,844 Business: Java Jolt Soap -- energy soapCharity: Cradles to CrayonsProfit: $1,709
Business: Luxe Bathrobes -- 100% organic cotton bathrobesCharity: Wellesley Council of Aging Profit: $1,321
Business: Babson Stress Relievers -- Babson mascot-shaped stress ballCharity: Boys and Girls Club of Boston Profit: $872
Business: Project Penguins Skins -- customizable vinyl laptop skinsCharity: Friends of the Homeless of the South Shore Profit: $565 Business: Finders Keypers " inexpensive key finderCharity: Mission Schools International Profit: $560
Business: Ping Pong Promotions -- ping pong balls with customizable logosCharity: Special Olympics of MassProfit: $516
Business: Babson Sleepwear -- customized Babson thermal/flannel clothingCharity: We Love the ChildrenProfit: $161
Business: Me-Flect -- screen protecting mirror for cellular phones and digital cameras Charity: A Place to TurnProfit: $140
During past ten years, Babson FME businesses have raised more than $300,000 for charities.
FME has been recognized by the United States Association for Small Business and Entrepreneurship as the number one "Innovative Entrepreneurship Education Course" in the country.
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit http://www.babson.edu.
RSS