JA Journals has come to the end of its sixteen week life cycle, and what a learning opportunity and experience it has been for all those who participated in the process of forming the company, naming it and working within it to make it a success.
JA Journals designed and produced 61 journals to sell. Our Sales Team sold 61 journals, which made $300.00 for the Company. Each Stock Holder received $2.25 per stock and each Company Employee was paid $.50 per hour except the officers were paid $1.50. All combined, producing a 12% profit for our company which is truly unheard of in the business world for any start-up company let alone one that has only been in business for sixteen weeks! That’s like grass usually growing at a one inch rate per week suddenly growing at a 2.1 inch rate per week. Mowing the lawn becomes a job for a lawn service rather than a once a week do it yourself chore. You must agree that the growth was amazing.
It is important to acknowledge our Purchasing Department for helping us keep the cost of materials at a minimum without sacrificing quality; our Production Team for finding a way to lower production time and our Marketing Team for utilizing their creative talents in designing the product and canvasing the market for interest. A big thank you goes out to our Finance Department for keeping us up to date on the “numbers” at all times.
We were especially honored this week by a visit from Mr. Michael Gerber, the author of the mega-bestseller “The E-Myth Revisited” and 13 other business coaching books. Over the years, Michael E. Gerber’s companies have helped tens of thousands of small business owners to successfully transform their businesses into world-class operations. It was exciting to hear how Mr. Gerber took his passion to help others succeed in business and succeeded in transforming his own life and business into a world class operation. He encouraged us to find our own passions and turn them into our own life goals for success.
In summary, the JA Journal Company would like to say that this experience has made clear to us that there is so much more to running a business than setting out things to sell in your front yard or in a kiosk at the mall. We have seen that what makes a successful company is good communication between people, a product that everyone can and is excited to get behind, problem solving, critical thinking, staying on task and just plain hard work.
We acknowledge that as beginners we would have been lost without the help of our mentors Mr. Seiler and Mrs. Bixby and that we have come a long way in our thinking about what a company is and what it takes to have one for yourself.
We would highly recommend this class to all High School students whether they are interested in starting their own business or not. It helps you answer the questions you are asking, about what direction you want to go in for the rest of your life. It helps you make decisions that will be important to your future that you have never thought about before.
We urge you to take a step in the right direction and sign-up for the JA Company Class in the Fall . You will be happy you did.