Our group had a very eventful week. We worked hard this week to both add revisions to our Storefront projects, and to advance our progress in selling stickers. We are very proud of the work we have done on both projects, and hope to leave the projects on a good note before heading into Winter Break.
We were fortunate enough to get the data needed to understand the finch aspects of starting up another chain of 4A Coffee from Alua's parents. After compiling that information, we have had a little bit of time this week to go over the numbers and finalize them to fit what we think would be an adequate financial statement for starting up a 4A Coffee in the retail space on Route 9. We have been working diligently to finalize any errors on our parts 1-3 of the Storefront project. Hopefully before we leave for break, we will be in good shape for digging into the next parts of the project.
We worked extremely hard this week to get our sticker project on its feet. On Monday, Alua, Shriya, and I talked to the student who is in-charge of the Portraits of BHS page on Facebook. He was kind enough to take a picture of us with the stickers and post it online Monday night. This received a lot of good feedback, and brought a lot of awareness of the sticker project to the student body. On Wednesday, we were able to collaborate with Kyle Williams, the assistant athletic director, to post an Instagram picture of our stickers on the brookline athletics' Instagram page. Many students and Superfans follow the page. We think that posting the picture raised even more awareness of our project. All of this promoting led up to our major event during the Thursday lunches. We were able to confirm with the main office a table in-front of the cafeteria to sell the stickers during both lunches. This turned out to be a big success and we ended selling close to 30 stickers! We have also been trying to sell stickers in the school store. Mr. Marcus told us this week that after our promotions online, a few stickers sold in the store. We were very excited to hear this.
Overall, it looks as if both our projects are in good shape. We look forward to continuing the projects after Winter Break and in the new year!
What I like best about this project (what you are doing) is that you're trying things and then getting results, allowing you to consider how things work in the world of selling and marketing. You're modifying your plans as you go--another key entrepreneurial technique--and figuring out how to generate demand. It's been fun to watch you guys.
ReplyDelete