Andover Business Club

Good morning ABC, We will be meeting tonight at   6:30 PM in Sam Phil room 102   per usual! We will nail on a date for   BluBoxes Day . Then we will form teams to execute the plan before the end of this term. Topic : There are a variety of things we can talk about, so come with more ideas if you have them. We will vote at the beginning of the meeting on a topic. The board currently has two topics planned: a   military   tied with business ethics   discussion and a discussion about   Uber’s profit problems . Please feel free to bring more ideas you’d like to talk about! If you missed last weeks meeting, here’s the recap: https://andoverbusinessclub.blogspot.com/2019/10/m05-recap.html See you tonight, The Board

For those of you who missed last week's meeting, no worries! Here's the recap: We revisited the Boba Tea Sale stats. Gross Profit Margins = (net revenue - COGS)/ net revenue GPM for Boba = 71% What went well for Boba: Getting the equipment/coordinating with administrators on campus Coordinating teams to execute various branches of the venture Asking house counselors for supplies and coordinating in advance.  Areas of improvement: Getting more involvement! Get more advertising in advance (get people hyped, rather than surprised) We talked about the opioid crisis Drug companies providing incentives to doctors to prescribe the drug People get hooked Business ethics? Is it on the doctors to control prescriptions or are businesses somewhat guilty to produce a drug they know people will become addicted to quickly? Be on the lookout for a BluBoxes plan! 

Good morning ABC, I hope you all relaxed during this long weekend. ABC will meet at 6:30 PM in Sam Phil room 102   per usual.                                                                                                                                               Firstly, I want to give   Sabby ’22, Melissa ’22, Victoria ’22, Kenichi ’22, Luc ’22, and Jason ’21   a huge shout out for successfully executing the BOBA TEA SALE .   This has been an idea floating around Business Club since last spring. These 6 people have made it into a reality. Secondly, thank you to those who helped out with selling at the table. It was really busy that night and without the extra hands, we wouldn’t sold everything as efficiently. At the meeting, we will discuss the   gross profit margin, COGS , etc. Topic: We will be discussing the   opioid industry/crisis   today.   Business ethics   will play a large part in this discussion. If you missed last week’s meeting, the recap is linked:

For those of you who missed M04: We discussed logistics for our BOBA TEA SALE Google, Alibaba, Amazon…what traits do they have in common? They are composed of a main company, which we can refer to as a "HUB" and subsidiaries, which work closely with the Hub. The values and mission of the hub permeate throughout the subsidiaries.  They learn from each other. When one subsidiary makes an error, they share it with others so the same mistake is not made again.  Their leadership EMPOWERS, rather than execute power. They innovate Innovation traits: Think big Test small (prototype with MVP) Fail fast Learn always We will focus on BluBoxes in the upcoming weeks!

Good morning   ABC , Although there is no school tomorrow ,   ABC will still meet tonight @6:30 PM in Sam Phil room 102 per usual.                                                                                                The supplies for   BluBoxes   have arrived. We need to settle on an evening for the sale and distribute time slots to help out at the table. If you haven’t already, please vote on a day you think most suitable for the sale using this   link :   https://docs.google.com/forms/d/e/1FAIpQLSfukck52QbkXSGPTwsngfwt9qDxIBTadqwSTi7J-BsOCylVPQ/viewform?usp=sf_link Since there were no discussion topic suggestions last week, we will either talk about an idea you bring to the meeting or we can talk about   how businesses can survive/excel in todays market . How do companies   innovate   in an ever faster growing market? What traits do the companies that excel in today’s market have in common? There’s a good podcast from Harvard Business Review on this topic called “

For those of you who missed last weeks meeting, no worries! Here's a recap: We drafted a plan for our Bubble Tea sale. Melissa '22, Jason '21, and Luc '22 will be heading this venture. Hopefully we will get a table at Commons on either Monday or Tuesday night dinner. The supplies for BluBoxes have arrived! They are currently stored in a room in GW and can only be opened upon requesting a key from the Dean of Students office. Finally, we talked about artificial intelligence and how it's revolutionizing businesses. Some ideas we talked about: Data collection (like big data) on consumer behavior Reducing the "middle tier" of labor , which typically involves a certain degree of physicality and skill. Generally repetitive works that do not require creativity.  What types of jobs are currently indispensible/more valuable? Ones that require creativity .  Better engagement with customers , enhanced customer support systems etc.  Automization st

Good morning ABC, We will be meeting today at   6:30 PM in SAM PHIL ROOM 102 .   As one member suggested last week, we will be discussing   artificial intelligence   (AI), its effects on businesses and their operations, opportunities that arise with increased adoption of AI, and the shifts companies must make in order to keep up with AI development. If you missed last week’s meeting, no worries! Here’s the recap: https://andoverbusinessclub.blogspot.com/2019/10/m02-recap.html As always, bring your friends, your ideas, and your energy to the meeting! See you this evening. The Board

For those who missed M02… We had an organic discussion about department stores and the future of brick and mortar retail space in part a response to Forever21 filing for bankruptcy.  Retail spaces should be used to store goods customers would not buy online Brick and mortar stores should stock space with items that are prized for their quality, feel, and purchasing experience.   Forever21 bought too much physical retail space, stocking it with goods people often felt comfortable purchasing online. Sales couldn't keep up with the costs of maintaining physical retail spaces.  We began diving into a discussion about business plans that continuously lose money but considered why investors continue to invest.  Consider UberEats, DoorDash, GrubHub etc. They all have similar business models and they fall within the same pool. We predict that within the next 2-3 years, only one of these companies will survive, considering the incredible debts and loses.  What will distin

Good morning ABC! I hope everyone had a relaxing long weekend. We will meet today   at 6:30 PM in SAMPHIL room 102   for our second meeting of the year. Topic:   This week, we will go over BluBoxes logistics for our first sale of the year. We will also be discussing how technologies and businesses are impacted by tariffs, Subsidies, and politics/policies.   If you missed our meeting last week, no worries! ABC always has an open door … come when the discussion topic interests you or when you want to get involved in a new venture. We love seeing new members! For those of you who missed our meeting last week,   linked   is a recap. https://andoverbusinessclub.blogspot.com/2019/09/m01-recap.html See you tonight. The Board