User:Millorye/sandbox

Millor WINDUP

Millor was not set up until October 2014, but prior to that our school held an information day. On this day anyone could come and find out about Young Enterprise. On this day only five people turned up and the future of a team was not looking promising. The day after, MD worked with the Teacher Link,to form a team. A week later, our first meeting took place with a total of nine members. Group motivation was at its all-time high. We then came up with our candle idea and all members were completing tasks given and ensured that we would be a success. We ordered all of our raw materials and they all came on time, apart from the paraffin wax which was the main material used in candle making. We worked hard to find out the status of the delivery of our wax, however nothing came and after four weeks we reordered from another supplier. We experienced the same thing from the new supplier. Team moral fell due to the fact we had to come up with a new idea to see any success. All of our money was spent on materials that we know would take a long time to sell. Some members could not deal with vast failure and therefore departed the team. So by the 1st February we went from nine to six. MD decided we needed more help and recruited the help of another member. The team pulled together and came up with a new product called “WIND UP”. The new idea with the support of great market research reenergized the team. Within a few weeks we started selling our products, created a website, and had social media presents. The team went from being in the red to being in the black. Some of the former members were surprised that we made a company that was failing into a profitable company.

Here is a statement from our Managing Director:

“Millor’s journey is like a diamonds journey; it starts of rough, opaque and horrid but with a bit of work it becomes priceless, elegant and precious. The success is down to the team members that stayed during the turmoil and made sure that Millor had a future. I am proud of the team and hope that with the remaining months we will sale enough to all get rewarding dividends.”

Here is a statement from our Assistant Managing Director and Finance Director Jordan Hedges:

Went I first joined the group I was only the Finance Director and seeing the failure on paper did not demotivate me but made me more determined that we succeed. I am happy I stayed to see the success of Millor as it has been a life changing experience and also enabled me to be Assistant Managing Director.

Overall the success of Millor was down to a courageousness of the team. This shows that with all downfalls come rewards