winter market

This winter market, I believe our experience was pretty good. We had fun and we broke even. our business was very different from others though because we didn’t sell a product, we sold a service of fun and entertainment. At first, we weren’t sure if this would be successful because there was no guarantee that this project would work but we took a risk and it turns out it was the right call, our business was pretty successful. This project was done by Sophia, Stephanie, and myself in Mr. Valente’s block 2 marketing class.  We chose to do this project because we wanted to be different and we believed that if we made our business noticeable and bright, we would be able to attract a lot of customers. I think we made our bigger change when on the last day of the sale when we decided to adjust our prices so we could sell faster and get more customers. We even began to just sell our prizes because we had a significant amount left.  during this project I think I realized that this project was very different from our initial expectations, for one thing, I believed our area would be a little bigger than what we got so we had to adjust our games to make it fit. I also thought we would have a very hard time putting stuff up and taking stuff down, but I was easier than I anticipated. a core competency that I think I was able to communicate with this project s creative thinking because for every problem we faced we didn’t give up and we thought of new ideas to improve or business. Through this project I was able to learn that planning(R&D) and marketing is probably the most important parts of a successful business because we did spend a lot of time on R&D but maybe not as much on marketing and if we were to we might have had more customers. I also learned that finance is also very important and I think if I were to do this project again, I would have better finance because we would have made a much bigger profit if we had just saved money on expenses. This is important to all business owners and anyone interested in creating a business should closely examine these factors before beginning any kind of business.

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