Sunday, December 21, 2014
What we did in class 12/21
This week in class we ordered our socks and they are about to come in. We are looking forward to selling them because we expect to have good sales. We also are happy that we had bought a reasonable amount of stock we see that some of the other groups bought a large stock and are having trouble selling all their items so it is nice that we will actually be able to sell everything we bought. It is also nice to know that all our stock has been preordered. This week in class we also finished through part 6. Although parts of it were challenging we were able to finish it by splitting up the work and exchanging ideas until we had the right way of doing things figured out. Reflecting on our idea of a product we realized that our product was good because of its someway guaranteed market. It was also a good product because it was not too expensive to buy and so it sells at a reasonable price. We had a consultant talk to our group about the costs of licenses for our doggy daycare which was really helpful. It was also nice to have real life ideas of what it would be like in order to knock walls down and the building costs associated with that. He also filled us in on the benefits of creating a doggy daycare commercially versus one from out of a private home. He told us that those started out of a private home violate many laws and are not realistic. It was very interesting to see how in terms of zoning where you can have a daycare is very particular especially in a neighborhood like Brookline. We were fortunate that it would be possible to have one at the Route 9 location.
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Push yourselves with the sock sales. I know that Dan and Jack want to play it safe (so that the market will be open for later sales), but that seems like a huge mistake to me. The buzz is around now. You need to capitalize on that. I'm also not sure that, legally, individual students can make money on things they sell, through school, to other students, so I wouldn't count on this being able to happen.
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