Business Project
- Phee Bombs -
- Phee Bombs -
During this project, we were assigned to designed our own products. I teamed up with a classmate of mine and we are proud to say we are the founders of Phee Bombs/Kid Phee Bombs. We surveyed the community and later on through mathematics created a linear regression, calculated profits, and then created a quadratic regression to figure out the optimum price and break even points. After that, we wrote a business proposal letter that contained our requested loan amount, optimal price, projected costs, revenue, and profit. Finally, we presented to a board of venture capitalists. Throughout this project I've personally learned many things like, what are my strengths and weaknesses. I noticed partnering up was a plus, and that I am strong with and without a partner. I started the Phee Bombs alone and saw that there was something missing. My partner is the founder of "Kid Phee Bombs" and that, in my opinion, made my product stronger. Just because now it has more to it than just Phee Bombs that are for teens/adults, its now also for kids.
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Product (prototype):
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Business Proposal Letter:
Mathematics:
Presentation - Board of Venture Capitalists: