2009 – 10 Young Enterprise 4th Meeting Minutes

Date: 13th Oct

Time: 6:45 – 7:45 p.m.

Venue: F9, Webb House

Present: All

Proceedings

1. Roll Call

2. Report about trading and profit and loss account by Finance

 FOS fair income: ￡160.68

 Expenses: ￡74.5

3. Reflection of the last sale

Operation: more people should do Chinese calligraphy; work should be equally shared

HR: Sales should do more promotion during sale; ordering of goods can be encouraged

I.T.: An in-depth study of the market should be carried out since the target market for each sale is

different
Sales: Sample of Chinese calligraphy, e.g. greetings, can be made so that customers can choose from

the sample, less time is then needed for production; better communication is needed among our

group

Marketing (Heidi): Promotion strategies are needed

Marketing (Rachel): Products which cost less should be obtained for the coming sales to increase

profit

Finance (Cherry): More focus should be brought on Chinese calligraphy

Finance (Phyllis): More frames for Chinese calligraphy should be made before the next sale

Sec.: More promotions are needed, jobs allocation should be more careful – work should be equally

shared among group

AMD: Start building up stock to minimise problems when the next sale comes

MD: A production target should be set every week to build up stock before next sale; better estimation

of costs should be carried out before sale

4. Possible products

Ones that went through voting – 11: 0

- Hand-made hair clips decorated with beads (sample would be made first)

- Beads bracelets

- Decorated note books (poss. mass production by photocopying)

 Stickers made of sticky vinyl

 Painted shoes

 Nail polish

 Bookmark

 Friendship bookmark made of strings

 Sparking phone decorations

 Memory sticks

 Earphones

 Key ring made of fabrics and plastic films (need further discussion during next meeting)

– Candy cane packed with key ring

– Order & delivery

– Preparations will have to be done over half-term

5. Other business

 MD & AMD

– continue making friendship bracelets (taking orders from schoolmates and fellow boarders)

– write up a shopping list for those who are going back to Hong Kong during half-term

 Clothing that can be made / ordered through us

– Pantomime hoodies / T-shirts

 – YE pants

– L6 year group T-shirts

Next Meeting:

Date: 18th Oct

Time: After lunch

Venue: Avondale Common Room

Note that there will be a meeting with Mrs. King and the Business Advisor on Thursday, 15th Oct, at

6:30 p.m. Venue is to be confirmed.

6. Adjournment
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MD Sec.