Summer SAVY 2016 (Session 4AM/PM, Day 6) – From Blueprint to Business: The Math Behind Entrepreneurship
What a busy Monday! Today was our first day of production. Business groups had time to make what they were selling, and groups that are providing services were able to do some planning. All the groups worked on keeping records of their inventory. We also discussed pricing of our goods and services. We also worked in some money practice including games and problems that had us thinking about what is a reasonable answer. For instance, we talked about how it is better to overestimate costs a bit because then a shopper can be absolutely sure he or she has enough money. Tomorrow, we will work on marketing and advertising plans to communicate about our businesses with customers.