To those of you who missed today's: 'Introduction To Small Business' Class, it was actually pretty good. I didn't expect for it to work out so well but it really did. I decided to recreate the hit TV Show "Sharktank" by having 2 teams create products and a panel of investors for these products to be pitched to. The first team comprised of Uniquepad, Nines, bernadettemay and paisley12. While the second team was made up of r1221, Jewelz01, marydriguez. Our panel of investors consisted of : Hersheykissyum and MajesticZ.
The item pitched was to be an item of summer clothing: The teams were asked to pick a Teams name and motto. Mary's group came up with: Summer Blossom an urban company which produced an outfit perfect to switch from a day at the beach to a night on the town.
Bernadette's team created : The Reflection Of Future Summer Swimwear and they produced an excellent outfit perfect for the beach.
The investors asked a series of questions and the focus group judged the responses, a final score of 7.5 was awarded to both teams. The purpose of the lesson was to teach students that in order to make your business grow you need investors and in order to gain investors you need an organised business, a registered one, a motto, admit to flaws and in product, speak about the product, give a pitch and sell the item to a team of consumers and adjust the product.
Students were successfully able to figure out the purpose of the game and they got the lesson out on their own: Congrats to Bernadettemay, Hersheykissyum, skittlez99 etc for figuring it out!
We then decided to take a couple group photos as seen from above.
All in all the class was a blast and was quite successful as students understood what was thought and enjoyed the lesson fully. Stay tuned for next weeks class and read up on the following terms:
- Slogan,
- Pitch,
- Marketing,
- Investor and
- Company Vision
Best Wishes
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