In November, me and my classmates started the Kiva Project. I'm Stephen, and this is my Tackk. My group (Noah, Peter, and William) is selling punching balloons. We were fully funded on February 6, and we are very excited to sell our product to all the kids at Town School, and see their big smiles when they start playing with them.
In class, we are talking about global competence. We wrote down some ideas that we resonated with over the past few weeks. An example is "Complexity of world issues." Something that I resonated with is communication and collaboration.
Communication and collaboration is a very important thing in a group project. I notice how we communicate with each other before making a decision that might affect the group. When we had to make our decision for what we should sell, we had to think about it for a long time. We communicated to each other which one we thought would make the most profit and which one would be the most popular. We always collaborate well with each other, and I think that I speak for the whole group when I say that. When started making our financial information spreadsheet, we didn't get in each other's way.
Hello there! It's been a few weeks since I published a new post. Here it is!
One competency that I resonated with was problem solving. Lower schoolers were our main source of income and they were our target audience, but now that we moved to the garage, which is in upper school, we had some issues. We have two ways to solve this though. We are going to lower our price to $0.50 per balloon, and we're going to start advertising better. We want to quickly and efficiently clear out our product to buy a whole different or better version of our product.
Hmmmmm..... What does it feel like to be a borrower? Well, from my experiences being a borrower is both hard and requires patience. The hard part is relying on someone else. Though all of my classmates are really reliable, I think that if I can do something well, I should do it instead of one of my peers. The decisions that Balloon-A-Palooza makes heavily relies on things that have to do with money. Our prices changed from $2, $1, $0.50, and back to $1 again. Another example is how we are reliant on each other. We rely on each other to carry out tasks and make good decisions to support the group. The challenging part about being a borrower is the wait. It all depends, really. We had to wait for about 3 weeks. Waiting is easy. The challenging part about waiting is the thought that you might not get what you asked for. If no one decides to loan to you, then you won't get what you want.
This might be my last Tackk.....
"My life has been a roller coaster ride, but somehow I've always been able to land on my feet and still play the guitar." - Ace Frehley
It relates to my feelings about the project because it's kind of like a roller coaster ride. There have been ups and downs, but we always got back on track. (Pun intended) I learned how to make a good investment and got better at collaborating. (I think) It was also very suspenseful to wait for a loan. I was worried that we wouldn't be fully funded at first, but we got fully funded in the end, so I worried for nothing. But all in all, it was super fun.
A global competency I can relate to is geography, conditions, events and issues. Fidget spinners are a current trend, which means that most people have fidget spinners already. And that leads to less profit. Surprisingly though, fidget spinners are selling quite well. We sold 120 of them and my group has made $105 out of $600. It's probably because our product is custom and they cost a bit less than an average spinner.