Class 12/22/14

In class recently I have been working on both the store front, and the $200 project. For the $200 project I ordered our socks, and they are sweet. We have a lot of interest and potential buyers. 11 of 13 kids on Daniel and my basketball team committed to buy them. We decided to sell them for $12 each to our team, because our coach was planning on ordering socks for the team for $12, and we told him we could do it but then we had to sell them for $12. So, 11 of our socks are being sold for $12, and then we have 7 socks not sold yet that we are planning to sell for $12 and we have a lot of interested buyers. We should easily sell all of our socks and make a profit. Although, the profit is not what we originally thought, we feel if we generate enough interest with this first batch and have our basketball team wear them during home games for promotion, we can sell a second batch at $12 a pair. Since I wrote the first part (yesterday) I have had 4 more kids commit to buying socks. So now we have only 3 left without buyers, however, those buyers should be easy to find. The demand for socks is there and no one is selling them. We will have no problem selling these socks and making a profit for our investor, Karl. We have moved onto parts 4-6 for the store front project, and our doggy day care is looking more and more like an attainable goal. Although, getting all the dog supplies and the construction for our business look to be expensive costs, we hope to be profitable enough that we can with stand some early expenses. I have enjoyed doing both of these projects and look forward to continuing both of them.