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    Jaz 2022

    Uploaded by

    dean
    This document summarizes the journey of a group called Infinitescent under the company JAZ in 2022. The group started with 8 members who came up with the idea to manufacture and sell perfumes to students and the community. They raised $32 in capital contributions from members to start their business. By June 20th they manufactured their first batch of 24 perfumes using $16 and generating $24 in sales. Their second batch on June 23rd had 66 perfumes using $41 and generating $74 in sales and $33 in profit. In July they paused production during exam season. They later expanded into selling ice cream, with their first order of 80 ice creams on September 21st generating $40 and $20

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    Jaz 2022

    Uploaded by

    dean
    14 views2 pages
    This document summarizes the journey of a group called Infinitescent under the company JAZ in 2022. The group started with 8 members who came up with the idea to manufacture and sell perfumes to students and the community. They raised $32 in capital contributions from members to start their business. By June 20th they manufactured their first batch of 24 perfumes using $16 and generating $24 in sales. Their second batch on June 23rd had 66 perfumes using $41 and generating $74 in sales and $33 in profit. In July they paused production during exam season. They later expanded into selling ice cream, with their first order of 80 ice creams on September 21st generating $40 and $20

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    JAZ 2022

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    This document summarizes the journey of a group called Infinitescent under the company JAZ in 2022. The group started with 8 members who came up with the idea to manufacture and sell perfumes to students and the community. They raised $32 in capital contributions from members to start their business. By June 20th they manufactured their first batch of 24 perfumes using $16 and generating $24 in sales. Their second batch on June 23rd had 66 perfumes using $41 and generating $74 in sales and $33 in profit. In July they paused production during exam season. They later expanded into selling ice cream, with their first order of 80 ice creams on September 21st generating $40 and $20

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views2 pages

    Jaz 2022

    Uploaded by

    dean
    This document summarizes the journey of a group called Infinitescent under the company JAZ in 2022. The group started with 8 members who came up with the idea to manufacture and sell perfumes to students and the community. They raised $32 in capital contributions from members to start their business. By June 20th they manufactured their first batch of 24 perfumes using $16 and generating $24 in sales. Their second batch on June 23rd had 66 perfumes using $41 and generating $74 in sales and $33 in profit. In July they paused production during exam season. They later expanded into selling ice cream, with their first order of 80 ice creams on September 21st generating $40 and $20

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    This report is going to explore more about our journey as INFINTESCENT under JAZ company in the

    year of 2022

    In our company they are 8 members .Our idea was to manufacture perfumes and sell them to the
    students and the community as well. Through hard working and unite amongst members this idea
    was successfully accomplished . We managed to raise 32usd as our capital to start our business and
    this was done by setting a parameter that every member should pay a subscription. The parameter
    stated that every Board member was to pay 5usd and others were to pay 2usd.

    On the 20th of June we managed to manufacture our first batch which contained 24 perfumes. We
    used 16 used for this production process and we sold these perfumes at 1usd each and we managed
    to generate 24usd

    On the 23th of June we again managed to manufacture our second batch which contained 66
    perfumes. We used 41usd for this production and we sold the first 60 perfumes at 1 usd each and
    the other 6 we sold them at a price of 2usd each. This batch generated 74usd which means we had
    33usd profit.

    In the month of July we were not doing any production because we were writing examinations so it
    was tough to manage both school and business at exams so as a team we agreed that we were going
    to resume the production in the following term.

    As a team we thought a new a idea to generate more income in our business and it was about to
    buy and sell ice creams and we agreed because we see that it was a good idea because of the
    season we are now into. On the 21th of September we ordered our first batch which contains 80 ice
    creams and we used 20usd for this order. We sold these ice creams at 50 cents each and we
    managed generate 40usd which means we generated 20usd profit.

    Our next production for perfumes is going to be executed on the 30 th of September and we are going
    to use again 41usd to purchase raw materials and we are going to produce again 66 perfumes.

    We also encountered some problems and challenges too during our journey and these problems
    include debtors that were lately paying off their credits and lack of time to sell our products due to
    the clashing of business and lessons

    As a team we got an idea which was to do the clean-up campaign for our school as our social
    cooperative ……………… and we also had an idea to produce some perfumes that we were going to
    give back to the community and the staff members as well. All these ideas were successfully
    executed , we give some students and staff members some perfumes.

    During our journey we got some strategies we used to sell our products and these strategies include
    advertising our products through social media eg at our instagram page @InfinitescentJA and we
    also advertised our products by this idea which we called tell a friend to tell a friend and basically
    these strategies worked very fine.

    So at the end of the period we are going to share money we generated according to percentage of
    contribution of each member to the capital we raised. So basically thisi is distance we have covered
    till now as Infinitescent under JAZ company

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