Sweet Success: Goodie Bag’s Entrepreneurial Story
In January 2024, the LCS Entrepreneurship Club successfully launched their company, Goodie Bag. Goodie Bag offers a mouthwatering selection of sweet treats from various Asian cultures, intentionally curated to help our students feel a little closer to home. But Goodie Bag is more than just a snack shop—it's about community spirit. Proceeds from every sale go towards supporting the New Canadians Centre of Peterborough, embodying our school's values of service and inclusive, caring community.
This week, the members of Goodie Bag had their final shareholder meeting in the A.W. Mackenzie Chapel where they discussed the company’s progress and presented their final report.
President of the student-run company, Titus ’25 wrote:
Goodie Bag specializes in selling international candies. We wanted to make the international student body at Lakefield feel at home by providing candies from their home countries. With an initial investment of $300, we bought our first stock. We assembled the candies into bags and sold them for $6 each, with a cost of $3.50 per bag. Our products were well received by students and staff. We sold once a week, consistently selling out our entire stock. By the end of the company on May 27, 2024, we had sold over 400 bags, generating $1263.00 in revenue, a net profit of $468.00, and $768.35 in overall net profit plus the starting capital. Our company was successful in repaying the shareholders, earning $468.00 more than the starting capital. Goodie Bag had a 37% gross profit margin.
I am happy to announce that all the financial gains will be donated to the New Canadian Center to support many of their initiatives toward immigrants.
At their final shareholders presentation, club members shared their experiences and were awarded Junior Achievement certificates in recognition of their hard work and dedication.
Congratulations to all members of Goodie Bag: Cari ’26, David ’25, Evelyn ’25, Justin ’24, Kaan ’26, Kiho ’24, Logan ’24, Nicole ’24, Nikita ’25, Pablo ’26, Ro ’26, Selina ’24, Thomas ’26, Titus ’25, and Trinity ’25
School Information
4391 County Road 29, Lakefield Ontario K0L 2H0 705.652.3324 admissions@lcs.on.ca
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Lakefield College School is a private, coeducational boarding and day school for students in grades 9 through 12, located in Lakefield, Ontario, Canada.
We respectfully acknowledge that Lakefield College School is located on the Treaty 20 Michi Saagiig territory and in the traditional territory of the Michi Saagiig and Chippewa Nations, collectively known as the Williams Treaties First Nations, which include: Curve Lake, Hiawatha, Alderville, Scugog Island, Rama, Beausoleil, and Georgina Island First Nations. Lakefield College School respectfully acknowledges that the Williams Treaties First Nations are the stewards and caretakers of these lands and waters in perpetuity and that they continue to maintain this responsibility to ensure their health and integrity for generations to come.
We respectfully acknowledge that Lakefield College School is located on the Treaty 20 Michi Saagiig territory and in the traditional territory of the Michi Saagiig and Chippewa Nations, collectively known as the Williams Treaties First Nations, which include: Curve Lake, Hiawatha, Alderville, Scugog Island, Rama, Beausoleil, and Georgina Island First Nations. Lakefield College School respectfully acknowledges that the Williams Treaties First Nations are the stewards and caretakers of these lands and waters in perpetuity and that they continue to maintain this responsibility to ensure their health and integrity for generations to come.
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