Thursday, September 19, 2013

Thursday 19th September- Sell Sell Sell

Good afternoon everybody

So our business that we have been working towards and created is slowly but surely coming to an end. Our closure of business occurs on the 4th of October, which is just over a month away. We have however incurred a few bumps along the way with our production. Initially we were meant to produce only 150 units as that was the amount we could produce with the capital that we had raised. However we got "overexcited" and went and took a loan and increased our first run of production to 300 units.

Azura went into production on the 4th of August, however we still up to date have not received our full stock. This is due to the endless amounts of damages and mistakes that have been made, resulting in us having to return stock countless numbers of time. Besides this, because sales have not been that great, we need to sell, sell, sell before the closure of business, in order to pay back the loan that we took out so that we do not close the business in debt.

This has taught me the importance of carrying out a proper budget first, and not going into production of a large number of products without getting a demand for the product first. This also taught me that you should first go through small production runs of about 30 units first, to sample how the producer will produce a batch and check the quality. I also learnt that taking out loans and going into debt should be the last option and a bricolarge approach should be taken where you should work with what you have. But for now, the focus is sales, sales, sales, sell, sell, sell, sell.

That's all from me today, till tomorrow

Tarisai xx

0 comments:

Post a Comment