Tuesday, July 13, 2010

Ex. 1- To Earn Rs100 Using Innovative/Creative Thinking.

We brainstormed together as a group about how can we earn a profit of Rs.100 by doing an innovative small business. something which did not take much time and could be done in a day. also in which we do not invest much and yet earn a profit of Rs. 100 each.

We came across many ideas like, street performance,selling paper bags, handicrafts, plants, car wash,selling paintings, hair braiding, palm reading, nail art etc.

Amongst our final ideas were a food stall or lime juice stall. But we did not find it innovative enough so after giving it a little more thought on how can we make it creative we came down to our final idea of "Gift A Juice".

We made personalised tags with different quotes and messages and attached it to different glasses, in which we would serve the juice.So the whole concept was to buy a glass with a personalised tag to gift some one. The tags had quotes like Best Friend, Have A Nice Day, For A Smile, Hugs, Peachaan Kaun?, Burp, Chill Maadi,I am Awesome etc. The cost of each glass was decided to be Rs.10 .

We thought of lime juice but with taking care of the investment cost we changed it to buying 'tang'. Our investment was Rs.200 and we aimed for earning Rs.500 but we sold all the glasses and earned a profit of Rs. 110 per head.

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