2006-07 EPA Project F. 3A Gachapon Shop 扭蛋特區 Group Members Phoebe Ng Joanne Pun Vivian Sze Joanna Chan Sally Choi Investment capital Items Quantity Price (each) Total Price Cash register 1 HK$1,365 HK$1,365 Air-conditioner 1 HK$6,658 HK$6,658 Lamp 10 HK$22.00 HK$220.00 Chair 1 HK$75.00 HK$75.00 Gachapon vieding machine 50 HK$998.00 HK$49,900 Fascia(big) 1 HK$1500 HK$1500 Fascia(small) 1 HK$650 HK$650 Paint 3 HK$30 HK$90.00 2 months’ rental 2 HK$3,5000 HK$7,0000 1 month’s deposit 1 HK$3000 HK$3000 Brick 1600 HK$20 HK$32000 Desk 1 HK$500 HK$500 Total expenditure: HK$165958 Reference http://www.seattletrading.com.hk/ http://www.seattletrading.com.hk/tc/crindex.htm http://chemtoy.com/in_index.htm http://hk.f2.page.auctions.yahoo.com/hk/auction/b5779626 http://www.gp-dm.com/viewProduct.asp?subCat=5 air conditioner cash register lamp chair brick desk Monthly Costs Monthly rental Salaries Energy charge Water charge Raw material: Gachapon shells Gachapon toys $140000 Total $35000 $0 $120 $0 $8000 $183120 Reference: We have asked the agents of Ka Fu Real Estate for information of the monthly rental of the shop through the phone. They provided that the monthly rental was $35000. Websites: http://www.net-marts.com/syssite/home/shop/355//index.php?gOo=./go ods_search_list.dwt&gcat=1422 http://www.chemtoy.com/egg.htm http://www.clpgroup.com/NR/exeres/8DF2EE53-61F9-4B49-86CC-255C 87786DB0%2CF3AEC039-8B63-439D-8FA8-366F22A514A8%2Cframele ss.htm?ch=%5FHK%5FCLPP%5FBusCust%5FBill%5FTarf%5F&lang=tc Monthly Revenue Price per unit =$ 12.5 *Since we will sell products of 4 different price, we take the average as the price per unit. No. of customers per day =300 Quantity bought by each =2 Revenue per month = $12.5x 300x 2x 30 =$225000 References: We have done a survey on the no. of items bought by each customer in the gachapon shop in Causeway Bay. We have found that the average of the items bought by each customers is 2. And from the research on the number of people crossing the road near the location, we estimated that the number of customers per day is around 300. Profit Prospect Monthly profit= $225000-$183120 =$41880 Time required to cover the initial capital=$165958/($225000-$183120) =3…9 =4months Promotion and advertisement Poster: It will be posted on the shop window two weeks before the opening of the shop. It will last for one month. Pamphlets: It will be distributed in the busy area in Wanchai (e.g. around the MTR station). It will last foe one month, Costs of the promotion: Items Quantity Price Posters 5 HK$0.6x5= $3 Pamphlets 6000 HK$0.07x6000= $420 Total HK$ 423 Phoebe’s Reflection I love to buy gachapon, however I had no idea about the operation of gachapon shop before the project. During the project, I have learnt more about business. For instance, I have had a clear understanding about the expenditure and the income of a shop which I have had no idea before. Also, I have known that to start a business, so many aspects have to be considered, including the location and the target customers. This gave me a brief concept about business which is useful for my future business. On the other hand, I have learnt more about gachapon. For instance, I have known that there are different prices of gachapon, etc. These have increased my interest in gachapon. In addition, I have learnt how to cooperate with others. In fact, I had already handled some of the skills in the first term. But as the group members this time were different, I needed to apply the skills to cooperate with them. And during the project, I have learnt more. Overall, I have learnt much during this project and they are useful for my future studies. Also, I think this project was interesting and I would like to have another similar project in the future. Vivian’s Reflection I think this project is very interesting and fresh to me. At the beginning, I have no idea of how to set up a shop because I have no such experience about opening a shop. I have learned many other new things during this project. When I’m doing this project, I have searched many information and it help me to understand more about the knack of manage a shop. I have learned how to set up and to operate a shop. And also I have learned how to communicate to my group mates. Lastly, I have learned more about the market in Hong Kong. I have met some difficulty in doing this project. First, we have less than half a month to finish this project, and we have many homework in these day. So we have allocated the job and do it in a hurry. Second, we all have no experience about opening a shop about GACHAPON. And GACHAPON is very common in Japan but not in Hong Kong. So we have to take a long time to find the information. Lastly, during our discussion, there have some argument because we have different ideas. But the last we can solve problems easily because we all respect others. Sally’s Reflection I have learnt many extra things in this project.This things I can not learnt in lessons,I can only learnt in when I am fining the information for this project. I can learn how to manage a shop, how to work on it. I quite like this project because it is very interesting and free. It is interesting because the project let us to think what we want to do or business, it within the limit,and so we can open any kind of shop what ever we like!It is really feel so free.Although the shop may be not real, but it is really feel so authentic. We need to find the price of the shop, flooring,wall and even we need to find the information of the products we want to sell. All the things just like we really need to open a shop by our own. Although finding the information of the things we need are quite complicated and difficult, but we can still do it.And although we have some argument in the product we sell in the shop, but at last we can still understand and cooperate with each other. We can learn how to respect each other during the project. I enjoy having this project! Joanna’s Reflection Being students, we do not have chance to operate a business. But the project this time is different with those before, we have a budget for establishing the business. Every thing including the business type, location, price setting, etc are decided by us. We are not students anymore but every one of us is the boss. We have to think of a lot of factors that may earn more profits and try our best to control the expenditure, not to over budget. I think we can’t learn this kind of skills in our textbooks and lesson. But after doing this project, I know why my parents always said that money is not easy to get. I think this is absolutely right now. Operating business involves risks and we should draft our plan as perfect as we can. Perhaps not all of us will become a boss in the future, but this is really a fantastic experience being a business owner. I think most of us have not been connected with such a large amount of money. During the projects, I completely put in the role as a boss. In order not to not to cause a loss of capital in business, we made each of the decision seriously and thought about the effect deeply. What we concerned about is how to use the least expenditure but earn the most profits. Lastly, this project we prepared in a short period. But my group still has enough time to finish a quite successful report. I think the duties allocation is important before we started doing the project, so that our project can work out efficiently. However, we all work hard in the project during this short period. But there are still some improvements for me. I should not spend too much time to concentrate in only one work each time. I think I can do better in the next project. I want to be a responsible group member and also a profitable boss. Joanne’s reflection When I received the instruction of this project, I was very nervous. “ To start you own business and draft a business plan” is the title of the project. “I have no experiences in business, how can I set up my own business?” I asked myself. I used to think that this is a really difficult task. We first think of our business, we decided to set up a gaschapon shop because we think that we can make profits. And gaschapon is so popular in HK, so we are familiar with this. During the project, we need to do a lot of investigation, like finding newspapers, websites which are related to our business. This gives me a chance to know more about gaschapon. And especially the way to operate a shop, I am sure that it’s useful in my future. Besides, finding location for our shop is one of the most interesting experiences. We need to make sure that the site of our shop has a strong potential, like the transport facilities. Once we found a suitable shop, I phoned to the agent and ask for the rental price, area of the shop etc. I enjoy doing this project, I feel that I really learn a lot that are not mentioned in books. Duty Lists Cover: Vivian Sze Business type: Joanne Pun, Phoebe Ng Target group: Joanne Pun, Phoebe Ng Location: Joanne Pun, Phoebe Ng, Vivian Sze Original design of product: Joanne Pun, Phoebe Ng Price setting: Joanne Pun, Phoebe Ng Investment capital: Phoebe Ng, Joanna Chan, Sally Choi Monthly costs: Phoebe Ng, Joanna Chan Monthly revenue: Joanne Pun, Phoebe Ng Profit prospect: Phoebe Ng Promotion and advertisement: Phoebe Ng, Vivian Sze