Young business entrepreneurs of the future, rejoice, for Winterline will not deprive you of the knowledge and experience you seek. During your time staying in Panama City, you will participate in a week-long business course offered by a host of amazing and intelligent teachers. This portion of the trip was entitled “Business Boot Camp” and was perhaps the most practical and applicable of all the skills learned in trimester 1.
The course consisted of four days of exploring the inner workings of the economy, of how businesses utilize markets to their advantages, how businesses grow. We discussed supply and demand, we learned how to read annual monetary projections, we picked apart why some businesses fail and why others succeed, and we compared and contrasted the perks of leading large companies such as Amazon and Netflix.
After four days of learning business basics, we had three days of small group business creation; teams of three to four were tasked with thinking of a business idea, and then fleshing it out to the point of pitching it to a panel of judges, posing as investors, in order to see which team had the best and most feasible overall plan. Originally expecting this not to be too difficult having just spent many hours learning exactly how other businesses complete this very same process, we soon learned this would be no easy task. Not only is an original idea in and of itself difficult to come up with, but including monetary concerns (incomes and expenditures), creative differences within groups, and finding the best way to present these ideas in order to gain funding was harder to manage than it initially seemed.
I think by the end of the week, we all gained a greater appreciation for many big businesses out there when evaluating their success. However, this task was also very fun. The competition aspect gave everyone a motivation to overcome the issues we encountered, and hearing the visions of each of our companies from group to group, and even within our groups themselves, was interesting and eye opening. The time to present came in a flash, the hours passed by like minutes, having worked so hard and so intently. While everyone was nervous due to the professional nature and atmosphere of the presentation, the judges claimed time and again how impressed they were by the zeal and hard work of each student, despite us only having one week of experience prior.
To sum up business boot camp in one word, I would choose “rewarding.” The work was hard, but this final presentation made up for all the hangups along the way. Through these business pitches we gained presentation skills and came to understand each other better, as well as how to trust each other better in a professional setting. We learned about delegating roles that were suited to each of our individual strengths, and discovered new strengths we didn’t previously know we had. I have never seriously considered a business career before, but business boot camp in Panama City has definitely gotten me thinking.