A curious exercise was had in the Entrepreneurship class the other day. The Problem statement went something like this:
Here is 5 dollars. In the next 45 minutes you need to make as much money as possible with this 5 dollars.
Great...I have to be creative. Now lets be rational here: At some point in an entrepreneurship class you will need to be creative. I know this but I have prematurely deemed myself incapable of creating any product that could gain enough interest to have people want it. Its not that I am not creative (see: guitar playing, and what some may call a maniacal mind). Its just I never had to harness that creativity to make money. I never had a golden egg of an idea and thus never assumed I would be any good at it. Lesson 1: no golden egg is needed, even a dirty ass chicken can lay an edible egg that can be turned into a meal.
Alright...panic is over...lets move on.
So I propose teaming up with another team and both going after the same prize together thus increasing our reach and hopefully our money. This makes sense right? The more you have to invest the more you can make...hopefully.
We decided to buy roses for 1$ each and sell them for 2$. This is where failure number 1 occurred: More expendable resources means wider reach. If you have a shit ton of people working for you and you have them all doing the same thing...in the same place...you are wasting time and therefore money and that is exactly what we did.
For the first 15 or so minutes the team stuck to one location and it wasn't until later that we split up to cover more ground. By splitting up we covered a larger market (thank you Hammond building staff!) and made more money in a shorter time.
The lesson:
1) Selling roses isn't very creative but the way by which you sell them can be. This applies to everything that we could possibly sell for the actual assignment (same deal but in 2 weeks time).
2)We had one dirty ass egg of an idea but it worked. It wasn't that creative but it sold and we made some decent cash. From this I learned that the real trick lies in your delivery. Someone could make the most amazing invention out there but if they just stand there with a sign proclaiming its total awesomeness then they will get beat by the guy hustling around with roses.
I'll keep everyone posted on what the team decides to sell in the next week or so but until then leave some feedback! Do you have any ideas on what we could do? If you were a cold college student with only 15 minutes to spare between classes what would you like to see out there?
And for making it to the end of such a long post I now reward ye with the evil hamster. Creative...not so much. Funny.....yes. Shit ton of views and international stardom....hell yes.
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