Business Idea Blog

One business idea that I have been thinking of is a sporting goods store. Owning a sporting goods store in Wyoming where there are a lot of outdoors kind of people I believe I could attract a lot of different customers if I sold the correct things. I am interested in owning a sporting goods store because I hunt, camp, fish and do many outdoors activities and I know how nice it would be to have a store in your home town that you could buy all of your outdoor needs at and not have to go somewhere else when you are getting ready to go to the outdoors. I think with the right inverntory I could earn a good income because many people in Wyoming are outdoors people and if you sell the correct thing these people will normally buy them. My dad and one of my dad's friends could both be helpful in starting this business because they both do a lot of hunting and other outdoor activities and they would know the correct thing for me to have in my store in order for me to make a profit and be a succesful business.

Candy Stock Blog

Yesterday I came to class and we were not allowed inside until Mr. Kapptie opened the door and said head in. I really didn't know what was going on but I was told that we were supposed to collect as much money and candy as possible. I ran in and gathered all the money and candy that I could and I put it in a pile on my desk still not knowing exactly what was going on. Mr. Kapptie went to the board and wrote each piece of candy on the board and wrote down what each one of them was worth. At this point I had began to find out that we were supposed to be buying and selling candy in the form of stocks. Every couple of minutes Mr. Kapptie would change the value of each piece of candy just as stocks did, the value went up and down. During this time we had two candy companies merge as one candy company, we had one candy company do a 2 for 1 split meaning that for every one piece of candy you had it was worth 2 times the stock value, and we also had one candy company file for bancrupcy causing the price of it's stock or candy to go down by a lot and be worth almost nothing. As the time went on some people were buying the candy that was worth the most money and others were trying to sell all of their candy for a good price so that they had a lot of money. This activity was just like the stock market in the way that each piece of candy was considered a stock and at any given time the worth of that stock could go up or down. By the end of class we had all down some trading trying to earn better stocks and more money. This activity taught me a lot about how the stock market works and how you need to be careful with what stocks you buy and sell because some can earn you a lot of money and some can lose you a lot of money.