Design of product
This Innovation 'Yum Charm' is creative being that it is completely user friendly towards its owners,
being that, because the charms are made out of a durable and almost unbreakable clay, the charms
do not get wrecked easily, also that, if its owner has a younger siblings that gets a hold of the charms,
if it is accidentally swallowed it isn't as harmful as if you were to accidentally swallow a metal charm
or a plastic charms as these materials do not break down inside the body, where as the clay that is used to make these charms can be more easily disintegrated.
Although this crafting clay is quite pricey, the amount of orders made rather easily pay the expense back.Though this product may not make any huge impact on peoples lives, it solves a rare problem of children
eating or having a accidental 'taste' of a charm.
Trade Fair
Success met a unexpected amount, meaning, 'all went unexpectedly well, customers, sales, even the sales
pitch went better than plan'.Although a little competition on the day slowed down sales, the sales pitch caught
attention and kicked butt, a little snippet of that success can be viewed down below.
"Hello there Ladies and gentlemen, you certainly do look lovely today but what would just add to that ravishing
look would be this adorable looking charm. Do you know what kind it is? Well, its a Yum Charm!"
If I were to do the Trade Fair again, to make means even better, I would make the stall more eye catching,
and make the product and sell it on the day rather thancreating unnecessary stress during holidays.
The interest in my product was far better than I had expected, also, when I first started the Trade Fair I
told myself that I wasn't going to sell my product to any one but, due to the amount of demand, I decided that
I would sell it and make it for customers as I would earn a lot of money.
Entrepreneur
Being a Entrepreneur is a very hard job and there is a lot of tricks and spending money wisely involved in it,
you have to think about loans, building the product, paying for a company to make the product, and much
much more.
The Entrepreneur characteristics that I think that I portray are, 'LURE IN THE CUSTOMER, MAKE THEM LISTEN'
I think that I have this Entrepreneurial personality trait because,
at a lot of stalls possible customers just walk past a stall, but, when some one walks past my stall I make them
think about what the product actually is and make them question
me about the product.
'FOCUS ON THE GOAL, GO OUT AND ACHIEVE IT' I think that I focus on what it is that I am trying to achieve,
what it is that I need to do to achieve the goal, and how is this
going to help sales.
'TAKES RISKS BOTH INDEPENDENTLY AND WITH CO WORKERS' I can take a risk both for independent
purposes and for a group outcome.
And finally
Some people start a business with a goal, something that is most likely out of their reach at the moment but
with progress and as they gain more success, they will be living a successful reality. Developing a business plan for your enterprise is highly important in achieving goals and keeping track of where
you are going in the business industry, you need to think about how you are going to market your product,
how you are going to keep customers interest, how - if your product loses interest - are you going to keep the
business up and running, how much demand there is for the product and how much you have of the product,
and plenty more.
Negatives of being an Entrepreneur are, your reputation can easily be ruined and marketing products gets harder,
demand for the product and supply of the product affect how well your Enterprise will do in the business industry.
The positives about being your own boss is, you can please your self how you go about your work, also your hours can
be differentiate from when you are being told when how and where you go about your work.
The biggest obstacles in starting your own business are, you have to try stay on top of the bills and complaints you
may get from customers, also, you can't lay back on how you market your product as this affects your whole business
and decreases your income.
TRADE FAIR STUDENT REPORT
TRADE FAIR STUDENT REPORT
Product Name: Yum Charm
Company Name: Nerdy Gums Enterprise ©
Design of product
This Innovation 'Yum Charm' is creative being that it is completely user friendly towards its owners,
being that, because the charms are made out of a durable and almost unbreakable clay, the charms
do not get wrecked easily, also that, if its owner has a younger siblings that gets a hold of the charms,
if it is accidentally swallowed it isn't as harmful as if you were to accidentally swallow a metal charm
or a plastic charms as these materials do not break down inside the body, where as the clay that is used to make these charms can be more easily disintegrated.
Although this crafting clay is quite pricey, the amount of orders made rather easily pay the expense back.Though this product may not make any huge impact on peoples lives, it solves a rare problem of children
eating or having a accidental 'taste' of a charm.
Trade Fair
Success met a unexpected amount, meaning, 'all went unexpectedly well, customers, sales, even the sales
pitch went better than plan'.Although a little competition on the day slowed down sales, the sales pitch caught
attention and kicked butt, a little snippet of that success can be viewed down below.
"Hello there Ladies and gentlemen, you certainly do look lovely today but what would just add to that ravishing
look would be this adorable looking charm. Do you know what kind it is? Well, its a Yum Charm!"
If I were to do the Trade Fair again, to make means even better, I would make the stall more eye catching,
and make the product and sell it on the day rather thancreating unnecessary stress during holidays.
The interest in my product was far better than I had expected, also, when I first started the Trade Fair I
told myself that I wasn't going to sell my product to any one but, due to the amount of demand, I decided that
I would sell it and make it for customers as I would earn a lot of money.
Entrepreneur
Being a Entrepreneur is a very hard job and there is a lot of tricks and spending money wisely involved in it,
you have to think about loans, building the product, paying for a company to make the product, and much
much more.
The Entrepreneur characteristics that I think that I portray are, 'LURE IN THE CUSTOMER, MAKE THEM LISTEN'
I think that I have this Entrepreneurial personality trait because,
at a lot of stalls possible customers just walk past a stall, but, when some one walks past my stall I make them
think about what the product actually is and make them question
me about the product.
'FOCUS ON THE GOAL, GO OUT AND ACHIEVE IT' I think that I focus on what it is that I am trying to achieve,
what it is that I need to do to achieve the goal, and how is this
going to help sales.
'TAKES RISKS BOTH INDEPENDENTLY AND WITH CO WORKERS' I can take a risk both for independent
purposes and for a group outcome.
And finally
Some people start a business with a goal, something that is most likely out of their reach at the moment but
with progress and as they gain more success, they will be living a successful reality.
Developing a business plan for your enterprise is highly important in achieving goals and keeping track of where
you are going in the business industry, you need to think about how you are going to market your product,
how you are going to keep customers interest, how - if your product loses interest - are you going to keep the
business up and running, how much demand there is for the product and how much you have of the product,
and plenty more.
Negatives of being an Entrepreneur are, your reputation can easily be ruined and marketing products gets harder,
demand for the product and supply of the product affect how well your Enterprise will do in the business industry.
The positives about being your own boss is, you can please your self how you go about your work, also your hours can
be differentiate from when you are being told when how and where you go about your work.
The biggest obstacles in starting your own business are, you have to try stay on top of the bills and complaints you
may get from customers, also, you can't lay back on how you market your product as this affects your whole business
and decreases your income.