5.

0 EXPERIANTIAL LEARNING

BENEFITS OF TEAM PROJECTS

One of the most valuable experience that I have earned from this project is the aspect of
advantages that could’ve been gained by doing team projects. Being a member of a team requires
communication and idea sharing amongst members. Through understanding one another's
perspectives, they are able to jointly develop superior solutions. Comparable to assembling jigsaw
pieces, every individual contributes a component that when they are placed together it will
beautifully form into a whole picture.

FINANCIAL MANAGEMENT AND BUDGETING

When we are starting up any business, we can’t run away from the fact that we needed to
handle the amount of money spends investing towards the product of the business. It’s an important
detail in the business as if the person commits a wrong step the business may have a chance falling
into bankruptcy. I have learned things about studying topics including creating budgets, monitoring
income and expenses, forecasting future income, and figuring out how to cut costs without
sacrificing necessary expenses. By carrying out this task by managing money, determining its
appropriate allocation, monitoring expenditures, and assessing the financial health of the company.
In addition to keeping the organisation operating effectively, this also enables us to make better
financial decisions.

IMPROVING COMMUNICATION SKILLS

One of the other essential technique that I have gained from doing this business would be
that significance in refining my social with others. Speaking with clients in person or virtually can be
quite beneficial for understanding their needs and issues. Customers feel appreciated and are more
likely to return when employees learn how to interact with them politely which makes them feel at
ease, and address any concerns or issues they may have. Gaining proficiency in this area requires
knowing what clients require, having effective communication skills, and resolving any problems
they may encounter. In addition to strengthening ties with clients, this helps the firm concentrate on
what matters to them.

STRATEGIES FOR SALE AND MARKETING

It’s no denying that a successful business haves an excellent way in implementing their
marketing approaches. That’s indeed one of the skills that I have learned which helped in
contributing in our business.