Dealer Tire Becomes an E CITY
Corporate Partner |
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Dealer Tire sponsors East Tech Fall 2005 Program |
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We are thankful for a second year of support from Dealer Tire, which
is allowing us to take the E CITY entrepreneurship program to East
Technical High School once again! Several employees of Dealer Tire
assisted with student interviews and many will serve as business
plan coaches in December. We are also thankful that CFO Pete Waters
will be a guest speaker, teaching the segment on financial ratios
and sharing his work experience with the students. |
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Dealer Tire Sponsors East Tech Spring 2005
Program |
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Click on any image to see a larger version of the image |
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Thanks to Scott Mueller of Dealer Tire, 15 students at East
Technical High School were able to participate in E CITY’s 70-hour
entrepreneurship program. Scott and Dealer Tire made an investment
in a full Corporate Partnership with E CITY, donating the entire
$15,000 in program costs and the help of 15 volunteers from the
company’s staff.
The East Tech
program kicked off in January and concluded with a business plan
competition on May 5, 2005. Under the leadership of Sharon Baker, E CITY’s
Certified Entrepreneurship Teacher and also a teacher at East Tech,
the students met three days each week, after school. |
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Pete Waters, CFO of Dealer Tire,
speaking at the
East Tech class. |
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This was a voluntary program for which no school credit is given.
The payoff was an
understanding of how to
recognize a small business opportunity, how to create a business
plan, and how to manage cash flow. For some, the knowledge
will put a little extra cash in their pockets right now, and for
others it might even become a means of financing a college
education. |
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Dealer Tire gave “real world” insights to the program, through the voices of
its passionate employees. Pete Waters, Dealer Tire’s Chief
Financial Officer, was one such voice. He told the story of the
Mueller brothers, Scott and Dean, and how they recognized an
opportunity in the tire industry and created Dealer Tire-- a
wholesale company which grew out of the original Mueller Tire and
Brake retail stores. He also taught some textbook
concepts and demonstrated how they are |
Scott Muller and Judges with a student
winner. |
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used in the workplace. For example, he
taught the
calculation of return on investment, and then noted that every
single business decision really is made with this question in mind-
what is the potential for return on my investment? |
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Ms. Baker, Student and Nicole at graduation |
Pete Waters with
the
East Tech class. |
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In addition, Mr. Waters inspired the
students with an outline of the traits of successful entrepreneurs
that he has known through his career. Students responded with
questions and conversation that kept Mr. Waters occupied for the
entire two-hour class period. |
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Other Dealer Tire employees worked one-on-one with the students in
the final week of the program, to help them get their unique
business ideas into PowerPoint business plan presentations. This
relationship come at an opportune time, because these employees
recently reviewed Dealer Tire’s original business plan against
present-day reality, with their president, Scott Mueller. According
to Dealer Tire’s Vice President of Human Resources, Pam Madden,
employees were excited to connect with the teens in the community on
this level.
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Scott Mueller, President of Dealer Tires, as a judge providing feed
back to on of the students presenting her business plan in the
competition. |
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Scott Mueller served as a judge at
the program’s culminating business plan competition.
E
CITY thanks Dealer Tire for the partnership. The employees helped
the students take the concepts E CITY teaches and make them real and
valuable. They provided the connection between the classroom and
life.
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