Herndon High School Business Department's Business Management Virtual Enterprise Class took first place in a statewide business plan competition in Virginia Beach earlier this month.
Twenty one teams participated in the competition, which took place Dec. 12-13. This is the first time a Fairfax County school has placed first in the annual competition.
The students created a virtual company in Kathy Thomas' class, wrote a buisness plan, then defended their business plan and financials before three groups of judges.
The students requested a startup loan of $284,575 to finance their virtual company, Oshibori Mugs, a company that makes travel mugs that can heat or cool a liquid to the user's desire.
The officers of the company include CEO Veronica Figueroa, COO Nancy Lee, CHRO Andrew Fox, CMO Laura Medina, CVMO Catherine Le, and CFO Mim Sharna.
The company's Sharon Garcha, vice president of human resources, and Savanna Rains, November's employee of the month, along with HHS business teacher Lauren Eckert, also traveled to Virginia Beach for the presentation.
The officers will represent the Commonwealth of Virginia in the international competition held in New York City from April 7-11, 2013.
The students have been mentored by Oshibori board members and members of the local community, including Rich and Karen Stacy, Kathy Beck, Bic Hauser, Jay Lightfoot, Charles Rothrock, Rodney Bedford and Robert Gunnels.
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