- In what circumstances did you succeed?
- When did you fail? How was the profit figured?
- How did their pricing affect the numbers of buyers?
- What choices in supply had to be made?
- What did you gain by those choices and what did they give up?
- What are the risks taken by entrepreneurs such as yourself? Knowing that most businesses fail their first year, would you do anything differently starting over?
Please reflect on the lemonade stand simulation.
19 Comments
hunter vastine
8/22/2014 02:09:52 am
1. I succeeded in going bankrupt.
Reply
Jake airgood
8/24/2014 12:31:20 pm
1.I succeeded the most money on the cold days
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Amy Schellenberg
8/22/2014 02:13:14 am
1. The circumstance in which i succeeded the most is when it was very cold out also when i had a lot of ingredients in my coffee
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Ana Sperling
8/22/2014 02:16:21 am
I succeeded once I increased my coffee to high standards and was charging prices of at least 4 dollars. I failed once I decreased the quality of my coffee and reduced prices to half, it did nothing for me. I started off with a lower price and if half way through I had too much inventory, I would lower prices to gain costumers. For supply, I didn't want to be making only one cup of coffee per round, so I was unable to increased the quality all the way. I would buy around 30 dollars of supply per round giving me usually 13 servings so all was good. I gave up reputation when lowering quality and increased rep when I had high quality coffee. Lowering prices gained rep, and increasing did the opposite. I didn't care too much about reputation, only if people were buying it. To start over I would just increase quality all the way up and jack up my prices to get good quality rep but put some money in my pocket. There are a lot of risks trying to communicate with the consumer and not lose all your money.
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Gabe Cook
8/22/2014 02:18:07 am
1. I succeeded when i made profit everyday.
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Alex Schmertmann
8/22/2014 02:19:12 am
1. I succeeded when it was cold out
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Jackie Willers
8/22/2014 02:20:29 am
1.) I really did not succeed at all, some times were better then worst but none of them were great.
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Elliott Evans
8/22/2014 02:20:42 am
1. I succeeded the most when it was cold out, and i got lucky with having most days cold.
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Maddie Albracht
8/22/2014 02:21:25 am
1. I made more than I spent. The costumers usually liked my coffee recipe.
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Simpson
8/22/2014 02:22:04 am
1. I succeeded when it was cold because I would jack my prices up and sell it.
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Alex
8/22/2014 02:22:35 am
1-I succeeded by making $232.40. I did this by increasing my price on cold days and decreasing it on warm days. I also tried to gain a good reputation to help make sales
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Dustin King
8/22/2014 02:26:25 am
1. I succeed in being rude to the customer
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Carson Wade
8/22/2014 02:26:38 am
1. I never succeeded. I suppose I now know that operating a small business is not my forte.
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Claire Cook
8/23/2014 12:24:22 pm
1) I succeeded in the circumstance of putting more milk in my coffee than any other ingredient.
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Tucker Schoenfelder
8/24/2014 03:55:50 am
1. I succeeded when it was colder outside towards the end of the game.
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Jake airgood
8/24/2014 12:32:10 pm
1.I succeeded the most money on the cold days
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Kyle
8/25/2014 01:04:37 am
1. I succeeded when the coffee was creamy and the weather was cold
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Kainan Cooper
9/9/2014 05:05:19 am
1. I succeeded when it was cold out
Reply
6/4/2016 11:30:44 pm
You need to make sure to have enough inventory at the beginning so you don't sell out.
Reply
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