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CU Business Students win SIFE Regionals

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CU Business Students win SIFE Regionals

by Public Relations Office - Cedarville, OH

April 12, 2007

Cedarville, Ohio-Cedarville University’s Students in Free Enterprise (SIFE) chapter won the recent SIFE regional tournament in Cincinnati on March 20. Teams from 16 colleges presented their service projects and were judged by panels of business leaders at the event. With this win, the Cedarville SIFE team will advance to the national competition held in Dallas, Texas, May 6-8.

SIFE’s mission is train university students to pragmatically apply knowledge to real world economic issues in their communities. Teams seek to positively impact the community in the areas of market economics, success skills, entrepreneurship, financial literacy, and business ethics. CU sophomore Rebecca Klischer shared, “The Cedarville SIFE organization provides students with invaluable opportunities that enable them to get involved with service and leadership firsthand.”

For the 2006-2007 school year, Cedarville SIFE members created an elementary school business program, aided a local hotel with business practices, and organized tax seminars for college students.

The elementary school program, named “Ready, Sell, Dough,” ran February 12-15 at Arrowood Elementary in Xenia. The Cedarville SIFE team helped fourth and fifth grade students create a cookie company and learn how to finance and organize their business while manufacturing and marketing a product. Cedarville has sold the rights for the program to the University of Rio Grande to be used as an after-school program.

Tax day is a day most adults feel unprepared for, and college students even more so. To address this, the SIFE team partnered with CU’s Accounting Society to host Tax Day on March 24 and 25. Charles Hartman, Cedarville University Associate Professor of Business Law and Accounting, led the seminars as a tax specialist.

The SIFE team’s third project involved a partnership with the Hearthstone Inn of Cedarville. Five SIFE members worked with the owners in writing job descriptions, a training manual, job application, and procedures for the business. It’s opportunities like these that make Klischer appreciate SIFE. “[It] builds professionalism and character that [we] will carry into [our] future careers,” she said.

Presenters at the SIFE Regionals included seniors Sara Douglas, Chad Bainbridge, Ashley Burnett, So Mang Cho, and Nila Privedenyuk, and sophomores Rebecca Klischer, Nicholas Hendricks, and Ricky Smith. The team is advised by Dr. Jeff Guernsey, assistant professor of finance, and John LeBlanc, associate professor of management.

Guernsey noted, “I'm pleased with the quality of projects that our students did this year. We were able to get some new projects underway, including some business consulting projects, and keep several successful projects going. The fact that the judges at regionals felt that our projects and presentation warrant a trip to nationals is an added bonus!”

Kindred Partners, Wallace and Turner, and CPA Networks are three local businesses which participate on Cedarville’s SIFE Advisory Board, helping plan their yearly projects.