HAPPY BIRTHDAY DAD!
A lot has been happening over the last few days.
Today after school we had our Young Enterprise presentation. Our company named 'The Flashcard Company' had to give a presentation on our whole business process to two judges. We weren't really expecting too much, but surprisingly the judges broke protocol to tell us that they wanted to see us make it through to the regional finals! Kudos to Hyun for writing up the speech in 3 hours this morning! Now the pressure is on for us to replicate our success with the Reserve Bank of NZ Monetary Challenge presentation on Monday. Thank goodness Joon has to do all the speaking! I still haven't come to grips with all these economic terms and definitions! I probably should've bought one of those flashcards with economic terms our team has been selling!
From yesterday till tomorrow, I've been attending this Lion Business Experience course at school. We are randomly put into teams and have to pretend to be a business, which means coming up with an idea, determining cost prices for all aspects. Our team had real difficulty in coming up with a product. We first brainstormed ideas that revolved around the toilet, but then we decided to expand.
Our first really good idea was a toothbrush with toothpaste attached to it, one where you squeeze and paste comes out onto your brush. We we went up to register, only to find out that the team beside us had already registered with that idea! Thanks Joon!
This guy Max in our team kept pushing for the idea of a car that runs on grass. After school when my dean asked how the course was going, I mentioned that idea to her. She told me:
"That's called a cow!"
Our team had to resort to getting an ordinary reclining chair and add on features to it:
- water (later silicon)-filled cushions
- electrical sockets
- remote controls
- and more
Half of us in the team couldn't believe we were going to go ahead with this! This morning we searched the net for those useless Japanese inventions and found Butter Stick, so we thought we would take that idea and use it! But the man in charge of the course wanted us to stick to our original idea of a couch.
So once again we were stuck with the sofa. We decided to cut back on features, and in the end it only had about 3 of those mentioned above.
Later in the day we had to bid at an auction for expo sites (we're holding an expo tomorrow to present our products). None of the other teams realised that we could buy more than one site and then sell them to other teams! We did though, and so we bought three for $2500. The team beside us (yep the team that stole our idea!) tried to buy a site off us. We started off with $30,000 but they refused to buy it. Gradually (and i mean gradually!) we went down to $4000. In the end we were stuck with two sites, one which we can't use, and we sold the third site to another team for $3800!
Tomorrow we'll find out if we have the ultimate product!
Need more speed? Get Xtra Broadband!