(Guest post by: Greyson, Meghan, and Andrew
)
And we need your help!
For the past month our class has been learning something very special: how to start and run our own businesses. Grade 6 classes from our school are being sponsored the Coastal Community Credit Union to take part in The Young Entrepreneur Program
We have been learning all about the different types of businesses. There are retail, manufacturing, and service businesses.
When you own a retail business you sell products that are designed and produced by other businesses. For example WalMart is a retail business. Owning a services business means you do things for people. For example, when you go to the dentist, they are supplying a service to you, not selling tooth brushes like a retail business or manufacturing tooth paste like a manufacturing business. But when you own a manufacturing business (like us) you produce a product and sell it. For example, Duracell produces batteries and sells them to retailer like SuperStore. In our case, we are selling our products ourselves!
Another thing we learned about is how to conduct a market research survey. We put our questions into Google Forms and embedded them on our blogs. We hope they will tell us about what our customers want so we can improve our products. Our fair is on Friday, February 11th–just a week away.
So, to help us out, please visit our surveys!
- Keenan’s Super Sock Monkeys
- Laina’s Superbly Scented Sachets
- Andrew’s Rockin’ Radical Rocks
- Arwen’s Magnificent Magnetic Frames
- Liam’s Inukshuks
- Matt’s Nutty Wild Bird Feeders
- Kendra’s Perfect Pencil Holders
- Matthew’s Superior Stress Balls
- Jordan’s Jumping Jacob’s Ladders
- Darion’s Wonderful Wonder Warmers
- Meghan’s Hand-Spring Original Soap Designs
- Charlie’s S.P.C.A.ngels
- Noah’s YGWYPF (You Get What You Pay For Boxes)
- Orion’s Magnetic Mobiles
- Reid’s Right Hand Rings
- Max’s Fantastic Fizzy Bath Bombs
- Jane’s Beautiful Beaded Butterflies
- Jared’s Turtle Pocket Pals
- Molly’s Pop Art Recycled Necklaces
- Amber’s Magnificent Marbled Magnets
- Jack’s Fantastic Flubber
- Zach’s Hive Happy Honey Healthy Candles
- Daniel’s Magnificent Magnet Creatures
- Greyson’s Fast and Furious T-Wheeler
Have you ever run a business of your own? Did you have a service business or make a product to sell? What did you learn from the experience? And finally, do you have any advice for us? Thanks for taking the time to do our surveys–wish us luck!