Financing The Fun: Article Chronicling Student Entrepreneurship Picked Up by Business Pub
Athens, W.Va. - An article entitled “Financing the Fun—Boosting the Bottom Line in Fundraising” was written by Dr. Kendra Boggess, chair of the Division of Business at Concord University, and Derrick Browning, a recent graduate. It was published in the December 2004 issue of the “Business Education Forum,” the National Business Education Association’s official publication.
The article chronicles Phi Beta Lambda’s (PBL) on-campus “Book BuyBack” project, its processes, procedures, and outcomes over the past five years. PBL is a premier student business association that brings business and education together in a positive working relationship through innovative leadership and career development programs.
From the fall of 1999 to the fall of 2003, the student organization realized net profits that ranged from $350 to $9,600 per semester with a profit margin of 17 percent to 20 percent.
The students borrowed money from local banks to finance the book buyback operation and then provided sweat equity by organizing, packaging and mailing the books to customers they found via the Internet. Their reward? Last spring the industrious students went on a well-deserved trip to Europe where they toured Rome, Siena, Florence, Pisa, Venice, and Assisi, Italy.
The “Business Education Forum” is read by business teachers and faculty across the nation. The article provides “how-to” information so that business teachers and students might initiate similar projects on other campuses.
“The feedback from editors and readers alike has been encouraging,” stated Dr. Boggess.
Dr. Boggess is from Princeton, W.Va., and Mr. Browning is from Pineville, W.Va.
For more information, contact Dr. Boggess at 1-304-384-5395 or Kendra@concord.edu.
PHOTO: PBL students from Concord University, spring, 2004 (Derrick Browning 5th from the right)