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All throughout the business simulation, it was a joyful rollercoaster ride that was full of
emotions and excitement. Being an entrepreneur was really a challenge and at the same time a risk.
Every time we step inside the stall, we became not just a seller but as young entrepreneurs.
As business owners, we also experienced hardships and turbulence along the way. For
example, some products were not available at some point because of the preparation. ***
We also practiced what we learn about marketing on what strategies are we going to do to
attract customers and make them buy our products. When having a business, you should be
consistent on communication. Being bashful or socially awkward isn’t a business thing and should
overcome it in time. When we didn’t made the quota for a certain product, we made sure that we
sell it to group of people or someone who is passing by and make them buy it.
Also, there is a large threat in food business. We cannot tell what does people want or what
they need as of the moment. As for the “ABM Lane” during the simulation, some groups also
didn’t sold all of their products and has to overtime to work and sell the products in the afternoon.
The mere fact that most of us sell products that is budget friendly, the competition is close between
our competitors.
We also learned about giving back because we buy products from them and also they buy
from us so that the products will be sold out and it is also a way of helping each other to pass the
subject.
After the opening of the booth, the succeeding weeks were room for improvement on how
we performed form the past week. We need to adjust our expenses so that the products that we
will be selling was just right for the demand of our customers and that we could generate some
income.
We also learned about the value of time when it comes to the workplace. Every second
counts and every second was an opportunity. (There’s this saying that early birds catches the
Patience is a virtue. When it comes to children buying, we need to have a pack full of
As for the supply when making a product, it isn’t a big problem since our ingredients were
available in the market. What we lack is equipment and tools that helps us ease our lives.
Therefore, we conclude that our small business can render service and produce convenient
and affordable foods to the customers. Also, the business is profitable and (help I can’t na talaga