Ye Triango 5th Meeting Minutes

2009-10 Young Enterprise 5th Meeting Minutes

Date:

15th Oct

Time:

7-8 p.m.

Venue:

F9, Webb House

Present:

All group members, Mrs. Bussell, Business Advisor

Proceedings

1. Roll Call

2. Discussion about Market Research 

To be done soon

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Questionnaires –

More specific questions

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Photos of more products should go with the questionnaires

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Ask about colour preference of hand-made products, e.g. friendship bracelet

3. Discussion about Business Plan 

Dead line: 13th Nov.

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Different sections to be completed by different people, jobs must be allocated ASAP

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Schedules and weekly goals to be set to guarantee Plan can be finished before deadline for final checking up

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Explanation of Company Name ‘Triango’ –

Consists of 3 words – ‘Try and Go’, meaning that we try our best to have a go in every single aspect

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Mission Statement –

High quality, hand-made, customised products as our unique selling point

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‘Customer First’ as company motto – achieve customer satisfaction

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Incorporate every member’s expertise in our production to increase productivity and quality

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Use easily accessible materials to make distinctive products to promote creativity

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Short term goals –

More preparation needed

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Market research has to be done ASAP

4. Products in Up-coming Sales -

Pantomime T-shirts

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Painted shoes (mix & match for top and sides; targeting at senior girls in school sale, poss. sell them to shops)

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Decorated notebooks

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Friendship bracelets (through ordering as well to increase income)

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Glittery key rings (through pre-ordering)

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Chinese calligraphy

5. AOB 

Capital raising through issuing shares, to be done after registering and bank account has been created

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More detailed roles should be established within group, i.e. people responsible to do design, production, promotion

6. Next Meeting Date:

18th Oct

Time:

After lunch

Venue:

Avondale Common Room

7. Adjournment

_________________ MD

_________________ Sec.