Final Business Report By Yash Patel Vice President

Final Business Report By: Yash Patel Vice- President of Finance and Sales Young Entrepreneurs Association

Introduction Our company made a lot of progress throughout the many months we worked on our venture. We learned a great deal on the world of business and how to manage, organize and facilitate an entrepreneurship enterprise such as the Young Entrepreneurs Association.

Report - Day 1 On our first sale day, our team was very excited but also nervous as we did not know whether or not our idea to conduct a raffle would be popular among the student body. We made a decent profit for our first day totaling at $44. 50. Some things we did well included maintaining a constant flow of customers by sending members of our team to invite customers as well as being friendly and inviting to all that came over to our booth. There were some things that we could do better such as promoting our event for an extended period of time as well as make our table display a lot more appealing. We all strived to apply both of these concepts to our upcoming sale dates and we believe it is the ability of adjusting according to our mistakes is what made us so successful during the later stages of our venture.

Report - Day 2 On our second sale date we decided to change things up and sell baked goods and food items because we decided that it would appeal more to our consumer base. We made a staggering profit of $101 that day and not a single dollar was spent on any type of expenses because of my company’s inventory acquisition strategy. We implemented some of the things we learned from our first selling date during this one and it seemed to really boost our sales. We thought that we could have improved on the variety of products our group had to offer as well as further improve the look of our table by better organizing our product layout.

Report - Day 3 On our third and final date of sales we decided to keep our previous idea of selling baked goods and food items because it was a huge success last time. We generated a total of $113. 60, a huge step up from where we started off. We believe that we gained such success because we learned from our mistakes and weaknesses and we constantly improved them every chance we got. We were able to have a large flow of customers at any given time and this is due to our outstanding abilities to attract customers by physically going out and speaking to them, a skill that many of our competitors lacked in greatly.

Final Report At the end of our 3 selling dates our company generated a total of $259. 10 in profits from all of our sales. We decided to split our profits 30 -70 to CPSS’s Student Activity Council and the Sick. Kids Foundation respectively. We chose to donate to SAC because we wanted them to have enough funds to continue creating memorable and engaging school years for all the students. We chose to donate to the Sick. Kids Foundation because we wanted to help children just like us who have severe illnesses and need all the help they can get.

Conclusion All in all, we learned a lot of important skills throughout the course of our venture and we made a lot of memories for the years to come. We are grateful to all of the people that could make this opportunity available to us and guide us all along the way.

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