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Herndon High Business Team Headed for New York City, With Your Support

The Business Management Virtual Enterprise class is raising money for the trip.

Herndon High School Business Management Virtual Enterprise class is preparing for two competitions. Provided.
Herndon High School Business Management Virtual Enterprise class is preparing for two competitions. Provided.
Provided:

Herndon High School Business Management Virtual Enterprise class is preparing for two competitions—the first in Virginia and the second in New York City. The Business Management class is a course offered in the Business Department and taught by Mrs. Kathy Thomas.

The students in the class create a company—this year it is V-LO Chip, Inc. which is a virtual locating chip. Through the hiring process a CEO, COO, CFO, CMO, etc. are selected. The officers and employees then take on the responsibility of operating a business in the various departments.

This year, the product being sold is a chip that can be used for locating lost, stolen, misplaced items or to track commercial equipment. Another use will be for medical purposes to help find disoriented family members with dementia or Alzheimer’s. In the future, we plan to expand our product by embedding it into sports equipment to track the speed and various aspects of a ball.
 
The students requested $500,000 in a startup loan and wrote a Business Plan that was presented before three panels of judges in Virginia Beach. V-LO Chip was awarded first place in the defense of their Business Plan and will now represent the Commonwealth of Virginia in an International competition. 

On March 19th, V-LO Chip employees will compete in a Trade Show at Virginia Wesleyan. On March 30-April 3rd, students from around the world will gather in New York City to compete in the Business Plan competition, a Trade Show and the Global Business Challenge. Mrs. Thomas’s students are heading to New York with a desire to defend the Herndon High School World Championship Title in the Global Challenge.

Sharon Garcha was on the winning team with students from seven other countries who best solved the Harvard Case Study in 2013. It was an honor to have a Herndon High School team take first place and well as have another HHS student, Laura Medina have her team selected as one of the top six teams in the world.

Funds are needed for transportation, lodging, registration fees and other expenses related to the upcoming trips. We have received a $1,500 matching donation from Northwest Federal Credit Union Foundation Fund and are hoping the generous community of Herndon will help us to reach our goals. Please contact Kathy.Thomas@fcps.edu or call (703) 810-2405if you are able to help with the expenses related to these competitions.
 
A special thanks the following businessmen and women who have mentored these students: Kathy Beck, Jay Lightfoot, Charles Rothrock, Scott Rothrock, Rich & Karen Stacy, Bic Hauser, Mark Kanawati and Michael Khalifeh.

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