Category: BUSINESS – Young Entrepreneur

I am a Young Entrepreneur – (Part A) considering my success

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Congratulations!  Now that you have finished your Young Entrepreneur Marketplace, you can consider your success and learn from your experience.

[Trademark by PowerPlay Young Entrepreneurs, an educational program designed for grades 4-8 classrooms.  PowerPlay Strategies Incorporated, Surrey, B.C.]   www.powerplayforsuccess.com    (Thanks Mr. Baldin for introducing this to our school c/o Vancity).

1.  What did you enjoy? 

2.  What did you learn?

3.  What was one problem you had?  How did you overcome it?

I am a Young Entrepreneur – (Part B) evaluating my product

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You must also consider the success of your product.  Remember, the amount of money you made is not what’s most important.  The main goal with this program was to have fun learning about business.

  1.  Begin by telling us your business name and slogan (do you have a pic?)
  2. How do you feel about the product you selected for your business?
  3. What are some tips that you could use to select a product to sell in the future?

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Young Entrepreneurs :considering your success (Part A)

1.What did you enjoy?

I enjoyed selling and making my product and also liked seeing people happy when they figured they could draw anything they want on the stress balloon with Sharpies, they also got surprised when I told them there was slime inside and a lot of them said that they were going to pop the balloon to play with the slime.

2.What did you learn?

What I learned that starting a business could take a long time to form and that it can be a very boring process when no one would come to your table.

3.What was one problem you had? How did you overcome it?

The one problem I had was balloons popping and how I overcame it was by not letting anyone at home to touch them because I feared it would pop.

 

young entrepreneurs : considering your success (part a)

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1. what did you enjoy?

I really enjoyed talking to costumers about the process of making my product. when costumers asked questions it made me happy because that meant they wanted to know information about my company.

2. what did you learn?

I learned that the more different your product is the more you will sell. For people who did stress ball it was hard since there were over 10 people doing stress balls. I also learned that the way you present yourself also plays a part, because if you’re frowning at your stand you look less approachable, but if you are smiling people will be more comfortable to go up to your stand.

3. what was one problem you had? how did you over come it?

I did slime and there was another girl also doings slime spreading negative things about my product, which made it harder to sell since I had no costumers. All I did was stay positive, I eventually sold out because during the fair when people came to my stand I would explain my product.

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Young Entrepreneurs :Evaluating your product(Part B)

1.Begin by telling us your business name and slogan.

I chose the name “EMO BALLS” because I couldn’t pick a name between “Emoji” or “Emotion”.

https://drive.google.com/file/d/1vn1OgihBR0vavyNurQXN_HZyFKSjSYHT/view?usp=sharing

Here is my link for the image for my young entrepreneurs.

2.How do you feel about the product you selected for your business?

I fell moderate but at the same time I feel like I should have made something else that will be handy for people.

3.What are some tips that you could use to select a product to sell in the future?

To pick something that is popular at that time and make sure that no one would copy me like this time almost half of the gym made stress balls, and that in the future I make the table I’ll stay at way more attractive and also not stick by a corner. I would move the table to somewhere I would think would have a lot of customers because of there product.

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Looking Back

Part A: Considering your success.

  • what did you enjoy

I enjoyed seeing all of the other products
and when people buy my product.

  • What did you learn

I learned that next time if we do the market research fair,I should have a sample product therefore people could ” test” or squeeze the stress ball. Furthermore next time I do this project( that’s if I choose stress balls) I should have quantity over quality.

  • What was one problem you had?How did you overcome it?

One problem I had was when people squeezed the weaker stress balls with the fishnet, the fishnet got stretched so I grabbed the tip of the balloon and slide it through the hole of the fishnet so it got stronger on all sides. Another problem I had was when a bunch of little kids came running to my table and started to squeeze all of the stress balls, some got really weak and one popped because they poked the part that popped out.I overcame that problem by adding a sign saying” Please ask if you want to touch” and most kids listened.

 

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Young Entrepreneurs

PART A:
What did I enjoy? I enjoyed people asking me how i made my product, I enjoyed making my product, I enjoyed it when people said it was cool, and i enjoyed telling people the process of making my product.
What did I learn? I learned how to start my own business, I learned that it’s ‘first come, first serve’ because if someone says that they will see if they will buy it, chances are they are going to find something slightly cheaper and buy that instead of your $5.00 product v.s a $1.50 product.
What was one problem I had? I had a problem with how much it costed to make my product but all i had to do was raise the price. The problem with that was, i had the most expensive product in the gym. But i broke even so i was ok with that.

PART B:
How do you feel about the product you selected for your business? I felt like it sold well & that people liked it and thought my product was cool.
What are some tips that you could use to select a product to sell in the future? Add a picture to the paintings with less detail and colour.

PART C:

What organization did you choose to support? I chose B.C. Children’s hospital because my cousin has cancer and she goes to B.C. Children’s Hospital.
What does the organization do? B.C. Children’s Hospital takes care of sick and injured kids.

Young Entrepreneurs: considering your success (Part A)

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Congratulations!  Now that you have finished your Young Entrepreneur marketplace, you can consider your success and learn from your experience.

[Trademark by PowerPlay Young Entrepreneurs, an educational program designed for grades 4-8 classrooms.  PowerPlay Strategies Incorporated, Surrey, B.C.]   www.powerplayforsuccess.com    (Thanks Mr. Baldin for introducing this to our school c/o Vancity).
  1. What did you enjoy?

I enjoyed many things. Seeing others products, making sales, earning money, and just the thrill of trying to convince people to buy my product. I really believe this will benefit in the long run. Just the experience from being an entrepreneur is very important in this day and age.

  1.  What did you learn?

I learned that it’s not that easy to convince people to buy my product. And i believe as a class we learned the basics skills of setting up a business. You need ads, a kitty (change), and the product itself. We also learned how to be salespeople–we were a public and crowded place, fighting for sales–the people who made money understood what goes into getting one sale. It’s not easy, but we learned. 

3.  What was one problem you had?  How did you overcome it?

One problem  I had was, getting my customers to stay after just squishing my stress balls a few times. The way I overcome this problem was putting on a smile and a more kind way of talking. Thus, creating what I believe to be a more calm and peaceful area. Making them able to stay for 30 seconds while I explain my prices, and ask them if they would like to buy.

Young Entrepreneurs: evaluating your product (Part B)

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You must also consider the success of your product.  Remember, the amount of money you made is not what’s most important.  The main goal with this program was to have fun learning about business.

  1. Begin by telling us your business name and slogan (do you have a pic?)... Well, my business is called: Joel’s Stress Balls! and my slogan is: Eradicate your stress forever!! And I do have a picture   https://drive.google.com/file/d/1YR_KGsmZkiRE_8KoP_zvhmMELS4bz8qz/view?usp=sharing
  2. How do you feel about the product you selected for your business?… I felt really good about the decision I made to make stress balls. Because I spent nothing to make them, they were completely free of charge to make, because I just used food ingredients instead of high-end materials to make them.
  3. What are some tips that you could use to select a product to sell in the future?… I will definitely remember to pick a product that I enjoy making. I had a great time with Jonah making a whole bunch of stress balls. And that really added to the joy of this experience.
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