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For our project, Prestige Worldwide sold black power balance bracelets with an orange imprint reading “warriors”. We sell them in the school cafeteria and room A117.
Prestige Worldwide was founded in August 29, 2011 and is the premiere distributor of Warrior Power Band bracelets to the Washington High School community.
Prestige Worldwide is a partnership. Our principal offices are located at 501 N. Sycamore Sioux Falls SD, 57110.
Prestige Worldwide has all the necessary permits to operate, and has an up-to-date record of inspections. These permits include; approval of Mr. Kennedy of Washington High School and Mrs. Sorenson of the Academy of Finance.
Prestige Worldwide is selling Washington Warrior themed Power Balance bracelets. These bracelets use holographic technology to affect the wearer's natural energy field. Prestige Worldwide has purchased these bracelets from Imprint and customized them.
The bracelets will be black with an orange imprinting reading "Warriors" on each side which makes our product unique and gives us an advantage in the marketplace of Washington High School.
Prestige Worldwide is in the market of athletic accessories; its customers are the students, athletes, and faculty of Washington High school.
Everybody does an equal share of the work whether it is sales, advertising or overseeing the business plan.
Co-Owner- Alec Treiber
Co-Owner- Ally Olson
Co-Owner- Taylor Stekl
Co-Owner- Zac Lerew
All of us work together as a team and are hard workers on making a profit and getting our product sold.
Prestige Worldwide used the school announcements, word-of-mouth, and they collaborated with others on the shock advertising in an effort to promote their product and spread the word.
Our product development process was simple. We sat down as a team decided what we wanted to sell, found a supplier that could give us what we wanted, and then we ordered our product.
Out operations mainly consist of selling, creating advertisements and recording our financial information in our business plan. The process by which we do this is simply dividing everything up evenly
Some of our risks are investing too much into Prestige Worldwide. Others include competition, because our name is small, and also the fact that we have competition within the silicone bracelet idea.
We are seeking a profit of $800.00 in order to make a profit on our semester business project. Our total amount is $476.88 for the Power Balance Bracelets. Each bracelet is estimated to cost about $4.77 with a total amount of 100 bracelets. Each group member is investing $119.22 into Prestige Worldwide.
Each group member is investing $119.22 into Prestige Worldwide. Giving the company a grand total of $476.88 in total investment in prestige worldwide.
Prestige Worldwide incurred a total of $476.88 of expenses. They have covered all but $64 of those expenses, as of December 9th, 2011.
Company Description
Summary of Project
Final Invoice
The Product
Management Organization
Prestige worldwide has made no income as of yet.
The Market
Marketing Strategy
Operations/Manufacturing Process
Product Development Process
Risks and Problems
Financial Information
Prestige Worldwide has made no profit as of yet.
Alec Treiber - Co-owner of Prestige Worldwide
Taylor Stekl - Co-owner of Prestige Worldwide
Ally Olson - Co-owner of Prestige Worldwide
Zac Lerew - Co-owner of Prestige Worldwide