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Two Hours of Business on $5 Investment

Sebastian Chavez 鈥17 describes the concept for a milkshake delivery business to Maj. Dekuwmini Mornah鈥檚 entrepreneurship class as his business partner, Anthony Izzo 鈥17, looks on. 鈥 VMI Photo by Kelly Nye.

LEXINGTON, Va., Dec. 16, 2016 -- It鈥檚 a Tuesday night at 7 p.m. You鈥檝e just been given $5 and instructions to start and run a business for two hours. Your goal is to make as much money as possible. Can you do it?

That鈥檚 the situation cadets in Maj. Dekuwmini Mornah鈥檚 entrepreneurship class found themselves in this fall, as Mornah gave them the assignment, 鈥渢he two-hour entrepreneur.鈥

鈥淚 gave this assignment to my students to push their creativity,鈥 said Mornah, who noted that their persistence would also be challenged. Now in his fifth academic year teaching at VMI, Mornah was well aware that VMI鈥檚 rules and regulations would make it hard for cadets to run businesses, but he decided to try the assignment anyway after meeting up with a group of 4th Class cadets in Carroll Hall one evening.

鈥淕uys, it鈥檚 five minutes to formation!鈥 Mornah told the cadets. They responded by telling him that they would leave in just a moment, but they鈥檇 already learned that being early for formation increased their odds of being disciplined for minor deficiencies. Being late for formation would likewise incur penalties. They鈥檇 gleaned from past experience that it was best to show up just on time, with only seconds to spare.

鈥淭hese guys are very creative,鈥 said Mornah. 鈥淭hey migrate and navigate around all of these rules. I think my students can be that creative if you push them out of the boundaries and paradigms within which they were raised.鈥

Cadets in Mornah鈥檚 class came up with some unique ideas for businesses, many of which included selling food. One group of cadets picked up food from local restaurants and delivered it to hungry cadets as they returned from fall field training exercises, while another sold concessions at the powerlifting state meet, held Nov. 5.

Another group identified a favorite treat of many cadets 鈥 milkshakes from a local restaurant 鈥 and decided to deliver them to barracks. 鈥淲e were trying to figure out some type of product, and we couldn鈥檛 really come up with anything, so we began to think of a service,鈥 explained Sebastian Chavez 鈥17, who ran the milkshake business with Anthony Izzo 鈥17.

For Chavez and Izzo, deciding on a food delivery service was easy, but deciding what kind of food to deliver was not. At first, both tacos and milkshakes seemed equally likely, but further research revealed that tacos have many options, such as hard shell and soft shell, that would make it hard to fill orders correctly, not to mention the wide variety of taco toppings. Milkshakes worked much better, Chavez explained, because all that鈥檚 necessary is to write each cadet鈥檚 name on the outside of the cup.

Chavez, who plans to earn a master of business administration degree down the road, said that he鈥檇 really enjoyed the assignment so far. 鈥淚 very much like the idea of having to come up with something on your feet and, given the constraint of only having a small amount of money, trying to come up with something that would be profitable,鈥 he commented.

鈥淵ou really have to think outside the box, especially for the kind of school we go to.鈥

Mornah found himself having to think outside of the box as well as he attempted to design the assignment without running afoul of state regulations. He quickly found out that cadets could not keep any money they earned, so a decision was made to donate the proceeds from the two-hour entrepreneur project to cadet-run clubs.

The assignment wasn鈥檛 really about the money, anyway. Mornah explained that the start-up funding was on the level of pocket change for a reason. 鈥淭he essence of the assignment is them knowing that not having money should not be a limitation to starting a business.鈥

-Mary Price

 

-VMI-

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