Economics
In this assignment, we were asked to identify the asking amount of the entrepreneur, the percentage stake the shark gets, the name of the company, if the product has a patent, how much money they have invested in starting the business and what is the entrepreneur is going to do with the money that they are asking from the shark.
This assignment is important to me because it has made me realize that from economics deal with the real world, and in this case the show on tv called Shark Tank. I have learned that in order to get a better understanding of economics, my teacher linked the study from the book to the tv show as a part of my teenage life. Therefore, everytime I watch this show, I am learning and understanding economics even better! This assignment is meaningful to me because it is a real life situation where the entrepreneurs that come in asking for money, are either humiliated, made fun of, insulted, ask the stupidest questions I've ever heard, but occassionaly get some good advice and even better walk away with a check of one or more of the "sharks" think their business is a good idea. This assignment also have made me realize that the richer people are, the more stingier they get.
This assignment has an impact on my learning because , how Mr Garcia would pause when the entrepreneur goes , " Hi my name is so and so and im asking for $100,000 for 10% stake of in my company", then I do the math and calculate how much the company is worth. I also learned to capture the moment when the sharks are interested in a particular product, once one of the harks say, " do you have a patent?". I know know that because of this tv show , it has made me understand economics better and relate it to today's world and contribute the study in economics in my future. I did not know that economics reflect on my daily lives, and how much I could have a better understanding in economics through this show. It makes the class not boring, and different.
This assignment is important to me because it has made me realize that from economics deal with the real world, and in this case the show on tv called Shark Tank. I have learned that in order to get a better understanding of economics, my teacher linked the study from the book to the tv show as a part of my teenage life. Therefore, everytime I watch this show, I am learning and understanding economics even better! This assignment is meaningful to me because it is a real life situation where the entrepreneurs that come in asking for money, are either humiliated, made fun of, insulted, ask the stupidest questions I've ever heard, but occassionaly get some good advice and even better walk away with a check of one or more of the "sharks" think their business is a good idea. This assignment also have made me realize that the richer people are, the more stingier they get.
This assignment has an impact on my learning because , how Mr Garcia would pause when the entrepreneur goes , " Hi my name is so and so and im asking for $100,000 for 10% stake of in my company", then I do the math and calculate how much the company is worth. I also learned to capture the moment when the sharks are interested in a particular product, once one of the harks say, " do you have a patent?". I know know that because of this tv show , it has made me understand economics better and relate it to today's world and contribute the study in economics in my future. I did not know that economics reflect on my daily lives, and how much I could have a better understanding in economics through this show. It makes the class not boring, and different.
Own business
In this assignment , I was asked to come up with my own business. Therefore , I came up with the tshirt-bag. The steps that I took to complete this assignment : 1) Come up with what business do I want to come up with. 2) See if its realistic for a student like me to start a business on. 3 ) Location. 4) Targets on consumers. 5) Price and lastly 6) Profits. To be specific, in this assignment, I believe that it is realistic because some cities are already banning the use of plastic bags for a better economy and save trees, so I decided being a part of the youth generation that I could make use of my spare clothes and use it as a grocery bag! Next is lcoation. I prefer opening this store by the supermarkets, so that they would see my product and take it in consideration. I would target the shoppers , mostly elders because they care more about the environment than the younger generation! I would not place this product in such a high price because I want it to be affordable and useful. I would price it
This assignment is important to me because it makes me realize how frustrating it is to start a business. Not only that I will be risking my savings to start this project, but it would take a hastle to start the business as well such as licensing, and patent. It is also important to me because it has taught me that starting a business sure do take patience. This assignment was meaningful to me because it made me realize that without this project, I wouldn't have known how complicated it is to start a business and now knowing that, I will never start my own business because it's just a lot of risk to consider and I rather work for a company.
This assignment has an impact in my learning because instead of the normal textbook and workbook works, I let my imagination flow in accomplishing this project . I let my creativity come alive and it's a fun way to learn a subject like economics. What i do know now that I did not know is that I learned more this way. It is not so structured, therefore I can paint a bigger picture. By doing something different, I have the urge to be different . I also enjoyed this assignment because it isn't stressful and I actually loved it. This assignment also has an impact on me because it makes learning fun, and not only that but also it made me put in all the concepts that I have learned into something that I easily could comprehend.
This assignment is important to me because it makes me realize how frustrating it is to start a business. Not only that I will be risking my savings to start this project, but it would take a hastle to start the business as well such as licensing, and patent. It is also important to me because it has taught me that starting a business sure do take patience. This assignment was meaningful to me because it made me realize that without this project, I wouldn't have known how complicated it is to start a business and now knowing that, I will never start my own business because it's just a lot of risk to consider and I rather work for a company.
This assignment has an impact in my learning because instead of the normal textbook and workbook works, I let my imagination flow in accomplishing this project . I let my creativity come alive and it's a fun way to learn a subject like economics. What i do know now that I did not know is that I learned more this way. It is not so structured, therefore I can paint a bigger picture. By doing something different, I have the urge to be different . I also enjoyed this assignment because it isn't stressful and I actually loved it. This assignment also has an impact on me because it makes learning fun, and not only that but also it made me put in all the concepts that I have learned into something that I easily could comprehend.