M05 Recap

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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! 


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