Toys by Teens, LLC was formed by the not-for-profit group Teen Entrepreneur Boot Camp to create a real-working business model to teach students about entrepreneurship. Dr. Howard Wexler, inventor of the game Connect Four, donated a new invention to the project for the students to launch into the marketplace. The eventual revenue earned from sales will be used to offer this free program to new teams of students.
Saturday, October 12, 2013
Regrouping for Our Focus Group
Fist Full Of Orders
Pam arrives back from Canada with a fist full of orders and no time to waste placing our 1st order with the factory. First, we must make tweaks to our product after discovering a few glitches in the sample. Talking back and forth to China and waiting for a revised sample just added two more weeks to our pre- production schedule- grrr.
To speed things up we send a purchase order to the factory to begin talks, it’s inevitable they will have changes since we have never worked together before. Next, we rush our sample to a forensic lab in Texas to have the raw materials used in our product tested to make sure they meet US toy safety standards.
The last piece to this puzzle is to wire transfer money to the factory.
We are officially in production for our first product, FLIP N’ CHECK!
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