Sunday, January 11, 2015

C4E Update 1.9.15

In class our group focused on finishing up the documents that we are sending in to Mr. Gladstone and the bank this week, as well as selling the rest of our sock inventory. A lot of energy was put into changing our predicted first year numbers to make them more plausible, as well as making our final product look presentable. We had a slight issue putting the document into one file since there were issues translating the format from a word document to a google drive, but I think our work is thorough enough were that shouldn't cause a huge problem.
Additionally, we were able to sell the rest of our sock inventory. Our initial strategy to sell the socks to the basketball team was a success. We sold pairs to all the varsity players, as well as a few junior varsity players. Our other buyers were close friends who wanted the socks. The socks were well liked by everyone who bought them, and I'm convinced that we could continue to make money off this project if we continue to try to sell socks in bulk to teams. It may be worth trying to find a cheaper supplier of the socks though since our margin of profit is only around $2.50 per sock.

1 comment:

  1. Get Kyle to sell socks! It would be a great way to start raising money for the athletics program!

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