Exploring the business of Vending Machines

It started with a visit to the Vancouver Convention Exhibits at Canada Place. I went there with a few friends just to explore business opportunities. Not really with an intention to venture into any business in particular but definitely with an open mind. Of all the exhibits, my curiosity was caught by the vending machine exhibitor. So, I stopped and ask some questions.

Instead of providing me with the answers, I was invited to a business talk happening a few days later at a different location. I know and understand the marketing tactics these people were using. In fact, I teach this in my marketing course. So, I decided to round up some of my buddies and attend the talk. Lets hear them out and experience marketing at work.

After the presentation, we were furnished with some details and data which we could get started with more in-depth research. I concentrated on the financial research and tabulation of forecast proforma budget while someone else does the market research. After getting the tabulated results, we got together again to discuss our next step and share our personal requirements to start this venture.

We met with the vending machine operators several more times but they were unable to satisfy our requirements. In the end, we decided to let it go and did not pursue any further. But we all learned from this exercise and most importantly new respect for each other as friends and business entrepreneurs.

Trade The Forex Market

I took a small group of students and taught them the basics of the forex market. These students have made personal request to learn forex trading since the beginning of the year and I have been looking for an appropriate time to do so.

Finally, after the final exams in April, we got together and spend four hours in a workshop. It was not really a difficult task for me as I have been actively trading the forex market and was definitely familiar with the technical and fundamental principles of forex trading. In fact that was all I taught them.

I was more concern with the risks or trading the money market. I made it clear to them from the very beginning that there are risks involved in trading currency and they should not indulge in any form of money, currency or stock trading while furthering their studies. Their focus and priority must be on completing their studies.