http://mikesbusinessblog.blogspot.com/index.html

This is key to the project for me as it will be interesting to track the progress of the project from both mentor and mentoree perspectives. I am sure from time to time there will be issues, or conflict which we will report differently.

Current issues hot on Mike's mind are stock and pricing. I have suggested that once we understand the shipping time we may want to just ship without holding any stock. If it is less than a week this should be acceptable. The cost of shipping is high this way as we are using a courier service and it adds about US$6 a shirt to the cost but given the alternative is to hold stock when we have little idea of the business dynamics I think we can eat this for a little while.

On the shirt pricing front I think the pictures we have been sent look like high quality shirts which retail in the $60-$70 bracket and am convinced that we can sell them for close to $40 as good value. Mike is nervous of this and so we plan to start marking uo at just $5 a shirt and see how we go. We can always adjust pricing by marketing campaign later on.