Last week, the students landed on selling the trendy stainless steel coffee mugs and customize them for Charleston Trojan and Mattoon Green Wave fans. Now the work comes in to compare and contrast the prices with different venders and making sure shipping doesn't blow the profit margin.

Every business needs division of labor to finish all the tasks necessary to succeed. It shocked me that no one wanted to be CEO as their first choice, but Ashley volunteered and the other students all have titles and job descriptions that will use their individual talents to make the business run smoothly. Ask your student what their role is within the business.

Jim Severson, co-owner of the Alamo and several hotel franchises, gave us a tour of the popular Alamo Restaurant and discussed the restaurant and lodging business. We learned about many things including: triple-net leases, developing processes so quality can be maintained and how occupancy can drive the rates charged. 

John Inyart, owner of Inyart Tire and Auto, discussed the growth and expansion of his business. Once a very active Midas Franchisee, John discussed the pros and cons of buying a franchise business. He also discussed selling his corner lot to a pharmacy that has actually increased his business because of a number of people that pharmacy draws daily. John is also the former mayor of Charleston and discussed why giving back to your community is important.

Ann Beck, Co-owner of Flesor's Candy Kitchen, shared the story of how she and her sister re-opened their family candy business that is now a informal community center and major business for Tuscola. They have done a phenomenal job getting their story told by national television and newspaper outlets and are always thinking of ways to promote sales through business-to-business as well as individuals looking for a unique experience. She also shared candy with the class - a big hit!