Thursday, February 4, 2010
Crash and Burn
For this project I believe every group has experienced a big crash and burn. I thought it would be a lot easier than it is. The main problem I came across was that without any money to prepurchase items it was very hard to make sales. People don't trust college students unless they know them. I have found the sale of food to be fairly successful, but the truth of the matter is thats not something I would ever want to do. I do realize that it may be profitable, but I wonder how profitable it would be once I expanded and had to hire cooks and get kitchen equipment since right now the most orders I can make in a day in my apartment is 5. When I was at home I was able to make 10 orders, but it is a little harder in a tiny apartment kitchen. On that note I kind of wish I was able to use more startup money to fund an order of creative t-shirts. Realizing that the clothing market is oversaturate I know how hard creating an innovative idea would be, but just making cool shirts and selling them for $10 is profitable being that you can get 100 custom shirts for $3 thats $700 for one shipment.
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