Not everyone could make it to the meeting today so we postponed it until tomorrow. Me and Georgie spent about five hours today going over what each of us had done and seeing how to progress. Admittedly this took longer than it should have but we kept finding ourselves going round in circles, struggling to come to any proper conclusions and landing on figures that we thought were legitimate. I really liked her ideas for the logo and I agree simple is definitely best. We will have to see what other ideas the rest of the team have come up with though.
The conclusion of today is that everything is a bit of a mess. The costings need more consideration than we originally thought. We really need to meet as a group and discuss what people would be happy to charge for the products and whether this would actually be feasible or not. There is then the issue of wages because there is there is the chance that the sales pattern won't be steady because the designs are always changing and therefore wages may not be either.
We're finding it really hard to come up with realistic printing costs when we have no idea how many prints will sell in the first few months. We thought about doing a print to order service to tackle this but the prices of short run printing are so much higher per unit than printing in bulk that we might be preparing for a loss. The other option is to print in bulk to get a cheaper price per unit but then we might end up with loads of leftover prints which can't be sold at the end of the month. There is the option to keep selling the work until it is sold out but that will change the whole idea of the business as it is meant to be on a monthly rotation.
We have probably spent too much time on researching this and working things out when we have been told to keep it simple but if we are including figures in our presentation, they need to be realistic and need to make sense.
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