Mount St. Mary Academy students have returned to the national spotlight after their cupcake business, Sweet Fortunes, won its second SAGE USA title in Sacramento, California. The students who created their business as part of the Students for the Advancement of Global Entrepreneurship (SAGE) program, will represent the United States at the SAGE World Cup Championship in the Philippines in August.
Seniors Julia Badgley (COO), Madison King, and Sara Ngo (CEO) [pictured above], represented the company at the competition. The team presented their business plan and annual report before a panel of judges and fielded questions about sustainability, succession planning and profit margins.
The company was awarded first place in the category of socially responsible businesses. Sweet Fortunes has produced over 2000 fortune cookie-inspired cupcakes for private parties and events, donating a percentage of profits to Third Non-Profit, a student-created charitable organization to help underprivileged school children.
Sweet Fortunes was created by students in the Mount St. Mary Academy Scholars Honor Program. The program focuses on entrepreneurialism and allows teams of students to create and run their own businesses.
In preparation for the national competition, students worked with area businessmen and women to refine their business plans and marketing presentations.
“Preparing our young women for successful futures requires a different educational experience and skill set than it did just a generation ago,” says Mount St. Mary Academy Principal Dawn Riggie.
“The SAGE program links learning to the career world and focuses our students on professionalism, critical thinking, communication, collaboration, as well as time and project management, which are invaluable skills.”
Sweet Fortunes will travel to Manilla to participate in the SAGE World Cup from August 11-13. Each student company will deliver a 20-minute business plan presentation that is judged by entrepreneurs and executives from around the world. The four-day program also includes a Start-Up Competition, where students will be matched with teens from different countries to tackle an entrepreneurial challenge, and a cultural exchange in which each team showcases their home country.
The SAGE Global program is offered in 1,100 high schools spread across more than two dozen countries. Students from 23 countries – ranging from Ireland to Nigeria to China to Iran will convene in the Philippines for the 2016 SAGE World Cup.
Mount St. Mary Academy, founded by the Sisters of St. Mary of Namur in 1927, is an all-girls, Catholic college-preparatory high school located at 3756 Delaware Avenue in Kenmore. Mount St. Mary’s is ranked in the five of all Western New York high schools. Members of the MSM Class of 2016 earned more than $18 million in college scholarships, averaging more than $207,000 per student.