The Best Company Ever
Description: My name is Pearce and I am a 12 year old boy that goes to Town school for boys. Lately in class we have been learning about micro finance and kiva.org. We have started companies and we are hopeful that we can be successful so we can lend to people in need. Our company name is The Bouncy Ballers and we sell bouncy balls at Town School for Boys. We were the last group to go live, although the first to be fully funded and the first to have a sale. I think that so far we have done very well and I hope to keep this up.
Communication and collaboration: I think that our group did a very good job at communication and collaboration because it seemed like whenever there was a problem or we didn't have an idea we would communicate and collaborate with our group and most of the time we would get a good solution. I also think it is very important to have this skill because then you can hear multiple people's thoughts and if you communicate with each other it can work out a lot better if you can't think of an idea. I am very happy that we have utilized this skill and I think without it we wouldn't be where we are right now, and right now we are the only group to sell and the first to be fully funded. Overall I am very happy where we are right now and I think we have done a great job with this skill.
I think that Communication and Collaboration has played a key role in the success of our company. I think that it helps when we need to find out what to do, it can help our make some decisions It can also help to find out things like spreadsheets, what types of adds to do, and how much do certain things cost.
I think that our group has done a very good job but stuff is starting to get harder do to other competition. One of the things we are working on is trying to find new and interesting product frequently. We could start to feel that if we didn't order soon people would get bored but we just ordered and received new product and I am feeling very confident. Another thing we need to work on is advertising, if the kids know when the sale is and where it is we have a way better chance of doing well. I think these are simple things that could improve our company dramatically.
I think another thing that our company has done well together is Openness to new ideas and ways of thinking. This has helped many times for example, what the ad's should look like. Where should they go? Which product should we by? Every time we have a question we share our ideas and If we weren't open to listen to others ideas we would never get this far! We are frequently trying new things seeing what works best and that needs to use the skill Openness to new ideas and ways of thinking.
Being a borrower can be pretty stressful and nervous. We are waiting for people to pay us, wondering if we will even be funded. This is just a simulation! Just try and think of the feeling you would have if you were actually on Kiva. Borrowing was a nervous time but onc we got through it we had to this paperwork for BOG! It wasn't that much but just imagine what it would be like if you really needed help. It would be such a pain. I think borrowing was nervous but also really fun as we started to see the money come in. Overall I think it was actually pretty easy.
I chose this quote by Vince Lombardi because I thought that is shows our experience of keep on working and we have became successful.
"The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand."
I think that right now in this project I am resonating with new and the unfamiliar. The main reason is because of our custom product. It was a big risk but I think that it will pay of big time. We are also now lending all of our money and getting stuff ready for the big annual report. It is definitely different than the project started. We are basically just getting rid of all our money and trying to make the most loans as possible.