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	<title>CoryLevy.com &#187; emery entrepreneurship</title>
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	<description>18 year-old entrepreneur</description>
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		<title>Emery Entrepreneurship &#8211; Project 1 (Part 2)</title>
		<link>http://www.corylevy.com/2009/05/12/emery-entrepreneurship-project-1-part-2/</link>
		<comments>http://www.corylevy.com/2009/05/12/emery-entrepreneurship-project-1-part-2/#comments</comments>
		<pubDate>Wed, 13 May 2009 01:37:45 +0000</pubDate>
		<dc:creator>Cory Levy</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[School]]></category>
		<category><![CDATA[emery entrepreneurship]]></category>

		<guid isPermaLink="false">http://www.corylevy.com/?p=175</guid>
		<description><![CDATA[I was pretty disappointed with the results of the first project. To read the assignment, check out the post written a couple weeks ago. A few teams dropped out and did not complete the project.  One very noticeable, constant problem was that students were afraid to execute. Ideas are cheap&#8230; implementation is not! The people that execute and actually make [...]]]></description>
			<content:encoded><![CDATA[<p>I was pretty disappointed with the results of the first project.  To read the assignment, check out the <a href="http://www.corylevy.com/2009/04/06/emery-entrepreneurship-project-1/">post</a> written a couple weeks ago.</p>
<p>A few teams dropped out and did not complete the project.  One very noticeable, constant problem was that students were afraid to execute. Ideas are cheap&#8230; implementation is not! The people that execute and actually make things happen are the ones who go far in the world. </p>
<p>Here are what the teams did:</p>
<p>1) bought a pack of gum with their $5 and resold each piece</p>
<p>2) sewed/made and sold socks.  </p>
<p>3) sold personalized business cards</p>
<p>4) contacted the Astros foundation for two autographed baseballs to resell at a little league baseball game </p>
<p><strong>These teams did not move beyond the standard response and challenge traditional assumptions. I was hoping the teams would realize that the $5 was simply an unneeded resource.  Focusing on the money frames the problem too lightly.  </strong></p>
<p>The most common lesson learned was that marketing is extremely important.  In order to sell a product, you need people not only present but also aware of what you are offering. </p>
<p>Team 4 made the most money.  All of the money was donated to the Astros Foundation.</p>
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