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Tuesday, January 5, 2016

Students Learn Real World Business Skills at VEI Business Plan Competition

On Thursday December 17th, despite the rain, the Yeshivah of Flatbush VEI (Virtual Enterprises International) class traveled to the Manhattan Business Academy to compete in the citywide VEI Business Plan Competition.

VEI allows students to experience working in the real business world. Under the guidance of a teacher/facilitator, students create and manage their virtual businesses from product development, production and distribution to marketing, sales, human resources, accounting/finance and web design. With an emphasis on college and career readiness, VEI provides students with a competitive edge through project-based, collaborative learning and the development of 21st-century skills in entrepreneurship, global business, problem solving, communication, personal finance and technology.
The Yeshivah of Flatbush students worked together throughout the school year creating a virtual business, marketing their products to the VEI marketplace, managing the daily financial aspects of the virtual business and putting together a cohesive business plan and PowerPoint presentation. Students Shlomo Husni, Alan Frastai, Michael Abadie, Teddy Beyda, Isaac Dweck and Amanda Heskiel successfully presented their wealth management corporation, T-Corp, to a team of judges and the competition audience. The students learned a great deal and hope to continue to build on this powerful experience.