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Annual Report

Business Plan

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.

Financial Outcome

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.

Supporting Documents

Individual Statements

“This project has been very beneficial to me in that it has expanded my idea of how business works in the real world.” -----Taylor Stekl

“The business-client project has been extremely informative; it has really opened my eyes to the challenges small business owners face.” – Ally Olson

“The project has helped me open my eyes towards small business and how they face all the challenges within the economy.” --- Zac Lerew

“The business project experience has really given me a view of the process of starting a small business and the challenges a business faces during startup. I’ve gained a large sum knowledge through the experience and I’m glad I was given the opportunity to experience all of this.” --- Alec Treiber

The Duties and responsibilities of Prestige worldwide were evenly distributed amongst the four co-owners.

Company Description

Summary of Project

Final Invoice

Start Up Capital

Marketing Documents

The Product

Management Organization

Income

Prestige worldwide has made no income as of yet.

of Prestige Worldwide

The Market

Expenses

Marketing Strategy

Operations/Manufacturing Process

Product Development Process

Profits

Announcement

Show your WARRIOR SPIRIT!! Purchase Warrior Power Balance Bracelets for only $8.00. They will be on sale in the commons before and after school and during 4th period on Tuesday, October 4th, Wednesday, October 5th, Thursday, October 6th, and Friday, October 7th (only before school). Thanks for helping to support your WHS Academy of Finance.

Risks and Problems

Financial Information

Prestige Worldwide has made no profit as of yet.

Executive Team Profiles

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

Job Completion

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