Taking a Bite Out of Entrepreneurship: High School Students Enter the Shark Tank
Taking a Bite Out of Entrepreneurship: High School Students Enter the Shark Tank
Sometimes the best way to learn about economics is to stop reading about it and start running a business.
If you walked into an economics classroom at Crystal River High School recently, you might have wondered whether you had taken a wrong turn and ended up on the set of ABC’s popular television show Shark Tank. There were entrepreneurs, business plans, product demonstrations, investment pitches, financial projections, and plenty of tough questions from prospective investors.
But this wasn’t television. It was learning in action, and the students were the stars.
Economics teacher Peter Rausch, affectionately known around campus as “Coach,” who also serves as the school’s offensive coordinator, took a creative approach to teaching entrepreneurship. Rather than simply asking students to read about supply and demand, marketing, and profitability, he challenged them to put those concepts into practice.
He transformed his classroom into an entrepreneurial zone, giving students the opportunity to become product designers, marketers, and prospective company CEOs.
The purpose of the CRHS “On the River” Shark Tank Business Challenge was to help students better understand entrepreneurship by experiencing what it takes to create and present a business.
Working in teams, students developed products or services, identified potential customers, researched manufacturing options, and considered startup expenses, pricing, marketing, profit and loss projections, and company goals. They even had to consider intellectual property, patents, and legal questions.
In other words, they had to think critically beyond whether someone might like their idea. They had to explain whether it could become a viable business.
The first investment round introduced another dimension. Students submitted promotional pitches to teacher investors, each of whom received $1 million in imaginary investment dollars to distribute among the competing companies in $100,000 increments.
The preliminary results were impressive. Based on 47 investor responses, 12 student businesses attracted a combined $27.6 million in mock investments. Eight businesses ultimately appeared in the final results.
Among the creative concepts were A.C.S., or Anti-Cheating Screen, a proposed screen protector designed to make photographing digital assessments with an external smartphone more difficult; Spring Guard, later identified as Springs Gear, featuring solar-powered vending kiosks offering sunscreen, sunglasses, and other outdoor essentials at waterfront destinations; and All in All Mowers, proposing autonomous commercial landscaping equipment designed to reduce labor requirements.
Other businesses included Polar Grips, adjustable heated gloves; KeyVault, a biometric USB storage device; Fashion Wardrobe, an automated closet system; Swiss-Smile, a portable dental hygiene product; and Skinly, a skincare and cosmetics concept. Students also developed jewelry, portable lighting, charging devices, driver-safety applications, and other products.
Each team had a different idea, target market, and set of challenges to overcome.
Then came the main event: the live Shark Tank presentations.
I had the opportunity to participate as one of four Sharks, alongside Superintendent Dr. Scott Hebert, Deputy Superintendent Laura Lindeman, and Crystal River High School Principal Phill McLeod. Each Shark received $3 million in imaginary investment dollars to allocate among the competing businesses.
Let me tell you, these students came prepared.
Their presentations were exceptionally organized and demonstrated a real understanding of their products and proposed businesses. More importantly, when the Sharks began asking questions, the students didn’t simply recite memorized talking points or become overwhelmed by the scrutiny.
They answered.
We asked about manufacturing costs, pricing, competition, potential customers, profitability, and the challenges of bringing their ideas to market. Time after time, students responded with conviction, demonstrated an understanding of their business models, and defended their ideas.
That is where the real educational value became especially evident. It is one thing to complete a worksheet explaining profit and loss. It is quite another to stand before a group of adults, defend your pricing strategy, explain your financial assumptions, and respond when someone challenges your business model.
The final investment results reflected the students’ efforts. A.C.S. finished with $8.4 million in combined initial and Shark investments, narrowly ahead of All in All Mowers at $8.35 million. KeyVault and Polar Grips each finished with $5.1 million, while Springs Gear attracted $4.7 million. Jewels by Mady & Dee finished with $1.5 million, Swiss-Smile with $1.3 million, and Skinly with $1.1 million.
Not every business received an additional Shark investment, but that was part of the experience, too. In the real world, not every entrepreneur secures the investment they seek. Learning to evaluate feedback, reconsider an approach, and continue developing an idea is just as important as celebrating success.
Coach Rausch summed up the purpose of the experience beautifully:
“CRHS ‘On the River’ Shark Tank is more than an Economics project; it gives our students a chance to apply what they have learned in the classroom to real-world situations while building confidence, creativity, critical thinking, and entrepreneurial skills.”
He also expressed his appreciation to Superintendent Hebert, Deputy Superintendent Lindeman, Principal McLeod, and me for taking time out of our respective schedules to participate. As Coach pointed out, the investment went well beyond the mock dollars. It was about investing our time, experience, encouragement, and genuine interest in the students and their ideas.
Perhaps his most meaningful observation was about where the greatest investment truly belongs: in our students.
As Rausch put it, “They are not just the leaders of tomorrow; they are the innovators of today. I am honored and privileged to be an educator at CRHS.”
I think that says it all.
As one of the Sharks, I walked into Crystal River High School expecting to participate in an interesting economics lesson. I walked away with something more: an even deeper appreciation for the abilities, creativity, confidence, and potential of our students.
I also gained an appreciation for Coach Rausch and the thought behind this experience. Teachers make a tremendous difference when they connect classroom learning with the decisions and challenges students will encounter beyond graduation.
Whether these students become business owners, engineers, educators, healthcare professionals, or pursue entirely different careers, the ability to identify a problem, develop a solution, communicate an idea, understand financial considerations, and confidently defend a decision will serve them well.
Our students weren’t simply learning about economics. They were practicing it.
Congratulations to Coach Rausch and the students of Crystal River High School. Sometimes the best classroom lessons happen when students are given the opportunity to take center stage.
I can tell you, the Sharks learned a little something, too!
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There are some moments when you are reminded that being a Pirate is about much more than what happens on a playing field.
The evening could not have started more appropriately than with Coach L. Earl Bramlett being the first to be inducted.
Lanna Hough-Wentworth was the second inductee. A 1997 graduate, Lanna was a standout softball player who contributed as a pitcher, catcher, and shortstop during an important era in Pirate softball history. She was part of the generation that helped establish Crystal River softball as a force at the state level, including the 1997 team that advanced to the state tournament.
Cliff Dyer, a member of the Crystal River High School Class of 1997, was a standout swimmer whose accomplishments took him from the Pirate pool to Indian River State College and then to Florida State University. Competing at the NCAA Division I level and the 2000 ACC Championships.
Clayton Trenary was the fourth individual inducted. A 2002 graduate, Clayton earned 12 varsity letters across baseball, football, track, and weightlifting. He was an All-Suncoast football player and was named the 2000 St. Petersburg Times All-Hernando/Citrus Football Player of the Year and the 2001 Gulf Coast Athletic Conference Football Player of the Year.
The final induction recognized an entire team: the 2019 Crystal River High School softball team.


There are some things we teach in school because they are required, and then there are things we teach because they are important. Understanding the Constitution of the United States falls firmly into the second category.