Ye Triango 4th Meeting Minutes

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

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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)

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Stickers made of sticky vinyl

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Painted shoes

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Nail polish

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Bookmark

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Friendship bookmark made of strings

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Sparking phone decorations

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Memory sticks

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Earphones

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

Candy cane packed with key ring

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Order & delivery

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Preparations will have to be done over half-term

5. Other business 

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MD & AMD –

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

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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

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YE pants

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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

________________ MD

________________ Sec.