Young Entrepreneur Forums  
en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
Find Qualified Vendors
 

Welcome to the Young Entrepreneur Forums

   
NBTL vbBux / vbPlaza NBTR

Find Business Partners Get Involved in Startups Commercial Real Estate Startup Jobs Find Business Opportunities





Reply
 
LinkBack Thread Tools Rate Thread Display Modes
Old 05-01-2008, 06:11 PM   #1 (permalink)
Junior Member
Long,Jeran's Avatar
Activity Longevity
3/20 1/20
Today Posts
0/0 ssssssss5
Location: Kanata, Ontario, Canada
Total Points: 506.11
Any advice on managing a business?

My name is Jeran Long and I am 15 years old. In my school we have an entrepreneurship class and in that class we create a simulation company, I got elected president even though I'm one year younger than everybody else. The problem I have is 1. That no one listens to me and 2. That they don't listen to reason. To reach our BEP (break even point) we must produce 262 products in 7 weeks. We can hardly even reach 16 products per week. I voted to change the price so that our actual BEP was less than 262.However no one voted with me, it is impossible for us to possibly finish the way we are going and every one (except me) seems fine with it. Now one of the problems with the BEP is that the original designers of the product grossly underestimated the cost ot produce it. They had initially said that it cost 0.40 dollars to make one and now we find out that it actually costs 2.03 dollars. I'm worried that if I can't handle a small problem like this I might not be able to actually manage a company. Normally if they proposed an idea like this in a real company they would be fired, however since this is a course I can not fire anyone, just remove their pay/demote them, also this is supposed to be a team effort after all it's our company not my company. Any ideas?
__________________
Jeran Long
Long,Jeran is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 05-01-2008, 07:30 PM   #2 (permalink)
Junior Member
Activity Longevity
5/20 0/20
Today Posts
0/0 sssssss20
Total Points: 716.22
I have no idea how corporate structures work in Canada, but if you were in the United States I would say that you were the highest ranking officer/director of your organization and as such you are the one responsible for doing what needs to be done.

Do you need to vote on all matters? Probably not. You as the elected leader set policy, you not the employees. If the majority doesnt like the way things are going your stint as president will be short lived. In the meantime, if you've been asking and getting resistance it's time to start telling.
StealYourDreams is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Reply


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Navigation
Register! - Join Now - It's Free
Registration at YoungEntrepreneur.com is completely free and takes only a few seconds. By registering you'll gain:

- Full Posting Privileges.
- Access to Private Messaging.
- Optional Email Notification.
- Ability to Fully Participate.

To Register now click here
Quick Register - It's Free
User Name:
Password:
Confirm Password:
Email:
Confirm Email:
Birthday:  
Check to Agree with the forum rules. 
Need Business Services?
Looking for Quotes?

LFQ

Choose a category:

Latest updates from the YE blog!
Premium Memberships
We will soon be offering a Premium Membership with added benefits and access to exclusive services, support and solutions. To be informed on when this launches click here
Forum Sponsors


Legal Forms

Virtual Phone System



Email Marketing Gets Results

Right Hand Ad

Click here to inquire about advertising
LinkBacks Enabled by vBSEO 3.1.0
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Copyright 2007 YoungEntrepreneur.com Inc. / YoungEntrepreneur.com : Entrepreneur Marketing Forum