Our CEO class traveled to The Arena in Effingham, where owner Darren Rennels shared the story behind opening Effingham's first trampoline park - a big leap of faith into uncharted territory! After learning about his entrepreneurial journey, we got hands-on experience... by jumping around with students from Effingham County and Fayette County CEO!
Key Takeaways Learned:
🎯 Mission, Vision, and Values matter. Many successful businesses have clearly defined mission, vision, and values that guide their decisions and keep them on track. Our students realized they'll need these same foundational elements for their class business to stay focused and deliver on their promises.
💡 You're not selling a product - you're selling a need. This insight shifted our students' perspective entirely. It's not about transactions; it's about meeting people's needs and creating value. For their upcoming 3-on-3 basketball tournament, they're focused on providing a great experience, not just making money.
📋 Risk management is complex and crucial. We learned about the intricate insurance requirements for high-risk businesses like trampoline parks. Managing risk is a critical part of any business operation, especially in the recreation industry.
🚀 Taking the leap matters. Darren's willingness to be the first trampoline park in Effingham without knowing how it would turn out reminds our students that entrepreneurship requires courage and faith in your vision.
Our young entrepreneurs left with valuable business insights and some great memories bouncing alongside fellow CEO students from across the region!
Thank you, Darren Rennels and The Arena, for an unforgettable experience!
